December 2008 Archive
FTSE 100 sees worst ever year
The FTSE 100 recorded its worst year in 2008 since its establishment in 1984 falling over 30 per cent. |
Morgan calls in administrators
French women's fashion store Morgan has entered administration - becoming the first major French retail victim of the global slowdown. |
Aberdeen takes a slice of Suisse
Aberdeen Asset Management is to take on Credit Suisse's fund management arm in a deal worth £250 million. |
UK's New Year's resolution: To save more
Half of Brits are aiming to save more in the coming year. |
FTSE 100 up on end of worst ever year
The FTSE 100 was up this morning as its ends its worst ever year. |
Bank shares most bought and sold over 2008
In a year that will define banking around the world for the coming decades, 208 saw shares in banks bought and sold more than any other. |
Christmas boost remains on markets as Champagne chills
The FTSE 100 closed up again today, as the slow moving markets maintained some festive glee before the turn their backs on a torrid 2008. |
Debenhams mulls cash injection
Debenhams is the latest retailer to fall under the magnifying glass after reports it is looking for cash to cut its debt. |
US Treasury buys $5bn stake in GMAC
The US government has bought a $5 billion (£3.4 billion) stake in GMAC, the lending arm of General Motors. |
FTSE 100 continues post-Christmas boost
The FTSE 100 was up again this morning, for a second day of gains after the Christmas break. |
Adams looks to raise funds to avoid administration
Children's clothes chain Adams is looking to raise funds by the end of the week to avoid facing administration. |
FTSE 100 holds on to festive cheer
The FTSE 100 was up nearly two per cent today, as the first day back after Christmas for traders brought a touch of festive cheer. |
Sterling falls further against euro
The pound fell further against the euro today to new record lows. |
UK faces 'bad times or dreadful times' in 2009
Economists are now split between the UK heading into a bad 2009 or a dreadful 2009, according to new analysis. |
600,000 job losses due for 2009
The coming year could see as many as 600,000 job losses with over a quarter of workers expecting no pay rise. |
FTSE 100 jumps 2.4% after Christmas
London opened surprisingly up this morning, as markets shook back to life after Christmas. |
Dreary New Year 28/12/2008 22:00
Christmas is barely behind us, and bad news for 2009 is already upon us. |
FTSE 100 to bounce back in 2009, but journey not smooth
2008 saw the FTSE lose around 33 per cent of its value, but 2009 is not expected to create any such bounce back. |
FTSE 100 closes for Christmas down 0.93%
The FTSE 100 fell 0.93 per cent on its last half-day before Christmas. |
Madoff £1bn investor commits suicide
An investment manager who put $1.4 billion (£1 billion) of clients' money into a fund run by Bernard Madoff has been found dead. |
Zavvi next name to go into administration
CD and DVD retailer Zavvi is going into administration. |
Officers Club sold off and jobs saved
Clothing retailer the Officers Club is to close 32 of its shops, but 118 will remain open and 900 jobs will be saved. |
Sterling predicted to bounce back
The pound is ending the year with lows against the euro and the dollar, but 2009 could see a bounce back. |
FTSE 100 falls over 1% in early trading
The FTSE 100 fell over one per cent in early trading this morning. |
Whittard sold off after going into administration
Whittard of Chelsea was sold off yesterday, after going into administration. |
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