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BA’s battle with costs goes on as deficit spirals higher

Costs are falling and its aircraft are flying fuller, but British Airways said it has yet to turn a corner in the worst airline slump on record Comments

Segro Ł110m property sale

There was hard evidence of the building momentum in the commercial property market, when Segro announced a Ł110 million deal to sell a Southall industrial park Comments

Banks ‘causing property bottleneck’, says expert

Hedge funds and other big investors told to expect even more delays before getting back the $16 billion worth of assets they had tied up with the Lehman Brothers’ London-based European business Comments

RBS loses another Ł1.5bn with more pain on the way

Royal Bank of Scotland, which this week was promised another Ł33.5 billion of taxpayers’ money, says it lost a further Ł1.5 billion in the past three months Comments

Slump is over says OECD

Further evidence that Britain’s worst recession since the Second World War is over emerged, with upbeat figures issued by the OECD Comments

Interview

The Kroes UK’s banks have to bear

BA analysis

Staff and fuel costs are too high as passengers fly “Anyone But BA”

Banks ‘causing property bottleneck’, says expert

Britain’s banks are causing a bottleneck in the commercial property market by holding onto seized assets rather than selling them on, an industry expert warned today Comments

Mandelson attacks Europe’s bid to rein in the hedge funds

Business Secretary Peter Mandelson launched a broadside against proposed hedge fund rules from the European Union today, warning they could choke off investment needed to move the region out of recession Comments

Darling: G20 will keep the rescue packages

Alistair Darling today declared that his peers in the G20 were agreed that it was too early to rein in the economic stimulus packages Comments

Dyson’s pay cut in profits slip

Vacuum cleaner tycoon Sir James Dyson took a massive pay cut last year as profits at his technology empire slipped in the recession Comments

Scots broadcaster hits back at ITV

The row over broadcaster ITV’s decision to sue network partner STV for its decision to replace shows like The Bill with regional programmes took a new twist Comments

Healthy profit at Smith & Nephew

Artificial hip and knee-maker Smith & Nephew revealed a 45% year-on-year jump in pre-tax profit, which hit $173 million (Ł104.1 million) in the three months to October Comments

Kraft playing waiting game

Kraft looks like leaving its next bid to buy Cadbury until the last possible day Comments

Tate & Lyle’s new boss makes a sweet start

Former Reckitt Benckiser executive Javed Ahmed oversaw his first results statement as boss of Tate & Lyle today, and reported reasonably sweet figures Comments

Rentokil Initial misses boost from post strike

Rentokil Initial chief executive Alan Brown today pledged to return its City Link delivery arm to profit in the last three months of this year but admitted the division has seen little pick-up in business from the postal strike Comments

Liberty trading warms up thanks to Hermes scarves

Trading at the famous Liberty store on Regent Street picked up in September thanks to its Hermes “pop-up store”, which boosted takings at its scarves department despite the unseasonably warm weather Comments

John Lewis sales sparkle

Bonfire night saw demand for fireworks rocket by a quarter year-on-year at John Lewis, helping the department store chain post yet another weekly sales rise, this time up 8% Comments