Business News Articles

Libyan shares frozen by UK authorities
Publishing giant Pearson has stated that it considers the 3.3% stake in the company held by Libya's sovereign wealth fund as "effectively frozen".... more

Tenner Tycoon Challenge launched
A new enterprise competition,Tenner Tycoon, has been launched today, with 40,000 children signed up for a major schools campaign to 'make money, make a difference and give back'.... more

Oil price steady despite Saudi protest concerns
Oil prices had increased 2% in early trading, due to the shutdown of Libyan production in addition to fears that unrest might spread to Saudi Arabia itself.... more

HSBC Hits US $ 19 billion for 2010
HSBC 2010 results come in at US 19 billion, lower than market expectations and shares go lower against Libyan backdrop and reduced but high bad debt figures... more

More women in the Boardroom needed
CIPD welcomes Lord Davies review which calls for firms to adopt voluntary targets in order to achieve a minimum of 25% female representation on boards by 2015. ... more

Lloyds Bank back in the black
Lloyds Bank, still 41% owned by the Government,reported profit figures of £2.2 billion today for 2010, compared to the £6.3 billion loss in 2009.... more

Libya Chaos continues
Oil prices jump on continued violence and uncertainty in Libya as foreign nationals run for the Airport... more

RBS reports annual loss of 1.12bn
Royal Bank of Scotland (RBS) has reported a loss of £1.13bn for the year 2010, a bigger loss than analysts forecast. However, this is an improvement on the £3.6bn loss the bank made in 2009, and the £24.3bn loss it made in 2008. Money set aside for bad loans fell by 33% compared the previous year, to £9.3bn. The government still owns an 84% stake in RBS after bailing the bank out duri... more

Net purchase concerns
Two thirds of shoppers are concerned about returning items they have bought online, with young adults the most likely to demand a hassle-free experience, new research by Royal Mail has revealed. ... more

Libya turmoil unnerves markets
International Oil Companies remove staff from Libya,responsible for 2% of world Oil Production... more