17 December 2008 Archive

OPEC 'no other choice' to cut oil production

Oil production to be cut

Oil producers today responded to the falling oil price by slashing production.

2008: Year of the Crunch - Part Two: Black September

Lehman Brothers failure sparked September that shock the world

2008 will be remembered for economic turmoil and the crash that knocked Wall Street to its knees.

BAA 'must sell' Gatwick and Stansted

BAA will have to sell Stansted as well as Gatwick

The Competition Commission has ruled BAA must sell London airports Gatwick and Stansted, as well as Edinburgh.

FTSE 100 falls 1.5%

FTSE 100 falls in early trading

The FTSE 100 fell 1.5 per cent in early trading - as a brief fillip was lost.

Fed slashes US interest rates to under 0.25%

Federal Research gets tough on recession

The Federal Reserve last night cut US interest rates to the bone leaving them at "a target range for the federal funds rate of 0 to 0.25 per cent".

Lloyds TSB puts the stocks back into stockings

empty

Lloyds TSB has uncovered evidence that more than a quarter of Brits are thinking of buying a stock market investment as a Christmas gift.

Woolworths stores to shut on January 4th

Woolworths stores to close down in January

All Woolworths stores are to close by January 4th, the retailer's administrators Deloitte have confirmed.

FTSE 100 ends flat

FTSE 100 ends flat

The FTSE 100 plunged by over 100 points in early trading but recovered throughout the day to end 0.35 per cent higher.

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