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Goldman Sachs cut their bonus payouts to $12.2 billion

18/01/2012

Goldman Sachs have announced that they will cut their bonuses for payments relating to 2011 to $12.2 billion (7.4 billion).


 

FSA hits Direct Line and Churchill Insurance with 2.17 million fine

18/01/2012

The Financial Services Authority (FSA) has imposed a fine of 2,170,000 for failings by Direct Line Insurance Plc (Direct Line) and Churchill Insurance Company Limited (Churchill) to prevent files that the FSA had requested from being improperly altered.


 

JD Wetherspoon reports increase in sales

18/01/2012

JD Wetherspoon, the nationwide pub chain, have reported an increase in sales and said that trading has remained 'resilient'.


 

Yahoo! announces resignation of Jerry Yang

18/01/2012

Yahoo! Inc. (NASDAQ: YHOO) have announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company with immediate effect.


 

Citigroup see annual profits jump 6%

17/01/2012

Citigroup, the US banking giant, have reported a 6% increase in annual profits.


 

Switzerland's exporters flatline as eurozone strife offsets growth

17/01/2012

Confidence among Switzerland's small manufacturers has remained unchanged over the past quarter, as worsening conditions in the eurozone offset growth-friendly domestic measures.


 

Eurozone inflation drops to 2.7%

17/01/2012

Official data from the EU statistics agency has revealed that the eurozone inflation rate fell to 2.7% in December, down from 3% in November.


 

Metro to delay the sale of Kaufhof

17/01/2012

Metro, the German retail giants, have confirmed they will postpone the selling of Kaufhof department stores due to what they described as 'disappointing' Christmas sales.


 

Chinese growth sees Burberry profits jump 21%

17/01/2012

Luxury fashion retailer Burberry have reported a 21% increase in sales for the fourth quarter.


 

Unilever workers begin first of ten days' strikes

17/01/2012

Unilever workers have toady (Tuesday) begun the first of up to 10 days of strikes as the Anglo- Dutch household goods giant refuses to back down from changes to the company pension policy that Union representatives fear could erode the value of their pensions by as much as 40%.