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Business News

Bradford & Bingley crashes into the red

Beleaguered lender Bradford & Bingley today said it had crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts.

Inside Business News

Warning: Cut rates or job losses will soar

Friday, 29 August 2008

Unemployment set to hit 2m and house prices will fall 30%, Bank of England expert predicts.

Retailers suffer worst month in quarter of a century

Friday, 29 August 2008

Retailers delivered their worst performance for nearly a quarter of a century last month and there is little sign of relief for them any time soon.

Casino users boost Partygaming profits  new

Friday, 29 August 2008

PartyGaming, the online gaming company, showed that it still had a strong hand at the internet gambling table, despite losing 75 per cent of its market less than two years ago.

Consumers hit by gas and electricity price rises

Friday, 29 August 2008

Energy firms Npower and Scottish Power today announced more bad news for households with steep hikes in gas and electricity prices.

Stranded Zoom passengers looking for way home

Friday, 29 August 2008

Hundreds of travellers left stranded following the collapse of low-fare airline Zoom will attempt to make their way home today.

Charter joins Henderson in tax exodus to Ireland

Friday, 29 August 2008

A row is threatening to reignite between UK business and the Government as two companies yesterday announced they are leaving domestic shores to slash their tax bills. The British business trade body yesterday warned that there would be more to come if the Government does not act soon.

Italian cabinet rewrites rules to rescue Alitalia

Friday, 29 August 2008

The beleaguered airline industry was rocked by more crises yesterday as the Italian government was forced to change the law to save its national carrier and Aer Lingus reported losses for the first half and predicted worse to come.

Diageo pins hopes on brand loyalty

Friday, 29 August 2008

Global drinks giant Diageo lowered its growth forecast yesterday against a background of rising costs and a slowing global economy, as it delivered flat full-year pre-tax profits.

Ofcom to overhaul regulation for mobile firms

Friday, 29 August 2008

The mobile phone business is coming of age, and the sector's regulator, Ofcom, is considering tearing up the regulatory rulebook to mark the occasion.

Pinewood Studios profits up by a third after series of box office hits

Friday, 29 August 2008

A string of blockbusters including the new James Bond film and a werewolf movie called The Wolfman sent profits at Pinewood Shepperton film studios up by a third in the first half of the year.

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