UK Business News

Bank of England agrees further £25bn stimulus

Economists have been stunned that Britain is the only big economic power to remain mired in an economic slump

Treasury says Northern Rock may lose savers

The Treasury assumes that many savers will flee the bailed-out bank once the Government withdraws deposit guarantees

• Northern Rock woos the bonus brigade

• Northern Rock in 'aggressive' mortgage drive

Ritblat tipped to buy back Merchant Inns

Ex-British Land chairman tipped to regain control of Merchant Inns less than a month after its fall into administration

• Heavyweights line up for Merchant Inns fight

• Administrators called in at Ritblat pub chain

Dubai forced to plough £53m into Doncasters

The Gulf sovereign wealth fund did not comment but it is understood that the engineering company was facing default

World Business News

Fourteen more charged in Galleon case

At least 20 hedge fund managers, traders, executives and lawyers allegedly used illicit information to bring in millions

GM boss 'can run carmaker as global group'

But thousands of Opel workers pour on to the streets of Germany to vent their anger against the US-based company

• Magna stocks rise after failed Vauxhall bid

• German workers strike as GM plans to axe 10,000

Starbucks says more customers visit

Coffee shop chain raises its earnings guidance as consumers increased their number of visits and spending per visit

• Costa may count cost of advertising claim

• Taste test: Starbucks' new 'soluble' coffee

FSA condemns weak controls at UBS

Regulator fines bank £8m after four employees in London office made thousands of unauthorised trades with clients’ money

Analysis

No time for half measures by the MPC

The Bank of England is pretty confident that its injection of huge amounts of new money into the economy is working

• C&W message is getting lost

• Private equity must face facts

British-style regulators would cut US down to size

Suddenly, it seems that any old transactions will get referred upwards, and perhaps be blocked for competition reasons - Dan Sabbagh

Tempus: Invensys shows the appeal of railways

Once again, it was the rail division of the FTSE 100 automation and controls group that was the stand-out performer - Nick Hasell

Law  

'BGC poaching was industry norm'

BGC Partners was following established customs when it tried to hire several staff from rival Tullett Prebon, the High Court heard

£30m payout to toxic waste victims ‘at risk'

Compensation paid by oil traders Trafigura to African victims in danger of being stolen because of corruption in Ivory coast

Battle of the ballcocks

Plumber sues in multi-million pound tapping up claim

Money  

Northern Rock ‘bad bank’ will trap borrowers

Customers transferred to the bad bank will be unable to remortgage elsewhere

• Northern Rock woos the bonus brigade

• Northern Rock in 'aggressive' mortgage drive

House prices go up again, but fears grow that economy cannot sustain rise

House prices are now 7.1 per cent higher than they were six months ago and 2.9 per cent higher than in December last year

• Lessons to learn from revitalised economies

• House prices record first rise in 19 months

Taxman hits YouTube to root out offshore ‘fiddlers’

HMRC turns to social media with two-minute video to advertise campaign to ensure that savers declare offshore accounts

business travel  

SkyTeam, Alitalia open new terminal facilities

Alliance gets common check-in at Heathrow while Italian carrier gets a dedicated terminal in Rome

10 rules of business travel etiquette

Business travellers forced to fly in economy might need to be re-educated in acceptable on-board behaviour

TripIt Pro launched in the UK

Premium version of online travel planning system now available outside the US

• TripIt now on the iPhone

• Do business travellers need social networks?