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Business news: latest headlines from the worlds of business and finance.

Fewer women reaching the top (© ITN 2008)

The number of women in many top jobs and positions of power has fallen, with progress on equality moving at a "snail's pace", a report has said.The annual "Sex and Power" report by the Equality and Human Rights Commission (EHRC) found that women occupied fewer senior positions in politics, the media, and the judiciary compared with last year.

Latest Business News

ITN

FTSE closes at 5362.1

ITN - 04.09.2008 17:40

FTSE closes at 5362.1 (© ITN 2008) The FTSE 100 Index closed down 137.6 points at 5362.1 as more economic gloom hit stocks.Forecasts of lower growth in the euro zone and downbeat data in the US saw banks and dollar-facing firms take the most punishment.
Interest rates held at 5%

ITN - 04.09.2008 13:09

Interest rates held at 5% (© ITN 2008) Interest rates have been kept on hold at 5 per cent despite calls for a cut to combat growing recession fears.Union leaders and the British Chambers of Commerce had both urged a reduction.
House prices fall 12.7%

ITN - 04.09.2008 12:02

House prices fall 12.7% (© ITN 2008) Average house prices have dropped 12.7 per cent in the last 12 months, according to mortgage lender Halifax.The cost of a home slid by a further 1.8 per cent in August to leave the average property costing £174,178.
FTSE closes at 5499.7

ITN - 03.09.2008 17:41

FTSE closes at 5499.7 (© ITN 2008) Miserable high street results led the FTSE 100 index to close 121 points down to 5499.7.Like-for-like sales at PC World were down 12 per cent down, the chain's parent DSG International said, with pub group Punch Taverns adding to the gloom after scrapping a dividend payout.

Reuters

EDF seen reviving British Energy bid

REUTERS - 05.09.2008 06:00

EDF seen reviving British Energy bid (© REUTERS2008) (Reuters) - French utility EDF <EDF.PA> has moved closer to a deal to buy nuclear generator British Energy <BGY.L> after fruitful talks with some of the company's biggest investors, the Financial Times said on Friday. EDF, the world's biggest single producer of nuclear energy, has offered to boost its 12 billion pound bid, rejected by British Energy shareholders a month ago, depending on future performance.
Global stocks at 2-year low

REUTERS - 05.09.2008 05:42

Global stocks at 2-year low (© REUTERS2008) By Tom Miles HONG KONG (Reuters) - Investors dumped euros and shares on Friday as U.S. economic troubles made bets on growth elsewhere look too risky, sending stocks to their lowest in two years while triggering a surge in safe-haven government bonds.
Oil steady near $108

REUTERS - 05.09.2008 02:26

Oil steady near $108 (© REUTERS2008) By Felicia Loo SINGAPORE (Reuters) - Oil prices were little changed near $108 on Friday after falling nearly 8 percent this week as traders shed commodities positions to join a dollar rally and on signs that $100-plus prices were crippling demand.
LSE rivals grab big share of LSE's own stock trading

REUTERS - 04.09.2008 17:55

FTSE seen opening lower (© REUTERS2008) LONDON (Reuters) - The FTSE 100 index <.FTSE> is seen opening 57 points or 1.1 percent lower on Friday, according to financial bookmakers, having closed down 137.6 points, or 2.5 percent at 5,362.1 in the previous session. * US STOCKS-Global growth, U.S. job fears hammer Wall Street
Bank holds rates but cuts seen in 2009

REUTERS - 04.09.2008 12:19

LSE rivals grab big share of LSE's own stock trading (© REUTERS2008) LONDON (Reuters) - Rivals to the London Stock Exchange grabbed an unusually large share of trading in the LSE's <LSE.L> own stock on Thursday, highlighting the growing threat to its trading dominance. Pressure is building on the LSE from rival trading platforms, after the recent launch of Turquoise and as Chi-X builds market share.

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Latest UK News

Union slams the Government over its fuel payments U-turn Union fury over fuel payment U-turn

The decision to rule out cash handouts for households struggling with soaring fuel bills has been blasted by unions as a "downright disgrace". Ministers were expected to unveil plans to give each household up to £100 following in-depth discussions with power companies.

pa.press.net - 05.09.2008 07:21

Latest World News

EDF seen reviving British Energy bid (© REUTERS2008)

(Reuters) - French utility EDF <EDF.PA> has moved closer to a deal to buy nuclear generator British Energy <BGY.L> after fruitful talks with some of the company's biggest investors, the Financial Times said on Friday. EDF, the world's biggest single producer of nuclear energy, has offered to boost its 12 billion pound bid, rejected by British Energy shareholders a month ago, depending on future performance.

REUTERS - 05.09.2008 06:00

Latest Sport News

Newcastle in turmoil as Keegan goes (© ITN 2008)

Newcastle United are facing a fans' revolt after failing to prevent Kevin Keegan's resignation.The 57-year-old announced his departure as manager after three days of talks with the club's hierarchy.

ITN - 04.09.2008 22:32

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