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European slowdown spreads to Switzerland

24/11/2011

Market uncertainty resulting from the eurozone crisis has translated to a slowdown in the Swiss economy, Credite Suisse have confirmed.


 

HTC shares drop 7% on downgraded growth forecast

24/11/2011

HTC, the smartphone manufacturer, have, following a cut in their growth forecast, seen their shares fall 7%, which is the maximum allowed in a single day.


 

Arcadia to close 260 stores in the next two years as profits slump

24/11/2011

A 38% fall in full year profits has prompted Arcadia, the firm who owns Top Shop and BhS, to announce the closing of 260 stores over the next two years.


 

Dixons retail losses widen

24/11/2011

A 1% increase in group sales has failed to stem widening losses at Dixons Retail plc (LSE: DXNS).


 

Lloyds announce two in Verde sales talks

23/11/2011

Lloyds Banking Group today (Wednesday) announced that, having received three formal offers for its EC mandated retail and commercial business divestment (Verde), it has decided to take forward discussions with two bidders.


 

FTSE 100 facing up to eighth straight day of losses

23/11/2011

The FTSE 100's bad run continued today (Wednesday) as it hovered at the 5200 mark.


 

Threat of eurozone to UK has risen, Monetary Policy Committee says

23/11/2011

The danger facing the UK from the crisis hit eurozone has risen dramtically, that is according to the Bank of England's Monetary Policy Committee (MPC).


 

Thomas Cook shares show signs of recovery

23/11/2011

Following a dramatic plunge in share prices on Tuesday, Thomas Cook shares bounced back to a certain degree in early trading on Wednesday.


 

UK should stick with sterling and avoid euro at all costs, analyst says

23/11/2011

Lord Heseltine recently commented that that the survival and eventual stabilisation of the euro will convince the UK to join the currency club.


 

City's banks shutdown as cyber 'war games' hit London

22/11/2011

London's banks and various other institutions are taking their preparations for next year's London Olympics to the next level by testing how they would cope if there was a major disruption during the games.