http://www.thisislondon.co.uk/standard-business/rss-clean/ Latest City news, markets, finance, economy, stocks and shares from the London Evening Standard http://www.thisislondon.co.uk/standard-business/article-23803823-barclays-bank-chief-barack-obama-may-harm-global-recovery.do Barclays chief executive John Varley warns that Barack Obama’s plans to cut the size and limit risk-taking by banks could damage the global economic revival Tue, 09 Feb 2010 12:46:03 GMT http://www.thisislondon.co.uk/standard-business/article-23803823-barclays-bank-chief-barack-obama-may-harm-global-recovery.do 2010-02-09T12:46:03Z Message: John Varley addressing today's meeting of the Treasury Select Committee http://www.thisislondon.co.uk/standard-business/article-23803694-fsa-chief-hector-sants-to-quit-in-summer.do The City’s top regulator, Hector Sants, is quitting as chief executive of the Financial Services Authority Tue, 09 Feb 2010 11:19:08 GMT http://www.thisislondon.co.uk/standard-business/article-23803694-fsa-chief-hector-sants-to-quit-in-summer.do 2010-02-09T11:19:08Z Time to go: Hector Sants said he never planned serving longer than three years http://www.thisislondon.co.uk/standard-business/article-23803503-high-streets-reeling-after-worst-january-in-15-years.do Snow and economic struggles caused sales to collapse in Britain’s high streets last month, the British Retail Consortium announces Mon, 08 Feb 2010 16:05:02 GMT http://www.thisislondon.co.uk/standard-business/article-23803503-high-streets-reeling-after-worst-january-in-15-years.do 2010-02-08T16:05:02Z Fair weather friends: after a strong December, shoppers were put off by the snow http://www.thisislondon.co.uk/standard-business/article-23803877-pension-funds-must-stop-city-bonuses-hitting-savers-says-lord-myners.do Lord Myners urges pension funds to do more in demanding more stringent control on City bonuses Tue, 09 Feb 2010 15:02:06 GMT http://www.thisislondon.co.uk/standard-business/article-23803877-pension-funds-must-stop-city-bonuses-hitting-savers-says-lord-myners.do 2010-02-09T15:02:06Z Holding to account: Lord Myners called for greater influence from pension funds http://www.thisislondon.co.uk/standard-business/article-23803696-uks-goods-trade-deficit-widens-to-worst-in-a-year.do Hopes of a strong, export-led recovery in the UK are dashed after the trade deficit unexpectedly swelled to its widest level in almost a year Tue, 09 Feb 2010 11:27:43 GMT http://www.thisislondon.co.uk/standard-business/article-23803696-uks-goods-trade-deficit-widens-to-worst-in-a-year.do 2010-02-09T11:27:43Z All at sea: Despite the weaker pound, exports were outstripped by imports in December http://www.thisislondon.co.uk/standard-business/article-23803922-warner-music-hits-sour-note-with-cd-sales-flop.do Warner Music highlights how it is not just EMI that is struggling from the downturn in CD sales Tue, 09 Feb 2010 15:17:23 GMT http://www.thisislondon.co.uk/standard-business/article-23803922-warner-music-hits-sour-note-with-cd-sales-flop.do 2010-02-09T15:17:23Z Star player: even big names such as Katy Perry were unable to lift Warner sales http://www.thisislondon.co.uk/standard-business/article-23803779-ubs-ups-bonus-pool-to-pound-17bn-after-making-a-return-to-black.do The bank declares it is hiking its bonuses by 34% for 2009 as it reports its first quarterly profit in more than a year Tue, 09 Feb 2010 12:26:54 GMT http://www.thisislondon.co.uk/standard-business/article-23803779-ubs-ups-bonus-pool-to-pound-17bn-after-making-a-return-to-black.do 2010-02-09T12:26:54Z http://www.thisislondon.co.uk/standard-business/article-23803601-wolfson-falls-into-loss-after-losing-apple-ipod-deal.do Microchip maker Wolfson Microelectronics suffers its first full-year losses since its 2003 flotation after the loss of a contract with Apple Tue, 09 Feb 2010 08:52:35 GMT http://www.thisislondon.co.uk/standard-business/article-23803601-wolfson-falls-into-loss-after-losing-apple-ipod-deal.do 2010-02-09T08:52:35Z Shuffle: Apple reorganised its iPod Nano and iPod touch contracts in 2008 http://www.thisislondon.co.uk/standard/article-23803590-gordon-brown-urged-to-concentrate-on-spending.do Gordon Brown should forget about reducing the budget deficit and continue spending to speed up recovery from credit crunch, leading economist says Tue, 09 Feb 2010 08:03:42 GMT http://www.thisislondon.co.uk/standard/article-23803590-gordon-brown-urged-to-concentrate-on-spending.do 2010-02-09T08:03:42Z The Prime Minister has been encouraged to concentrate on spending http://www.thisislondon.co.uk/standard-business/article-23803586-tui-travel-ready-for-holiday-makers-to-spend-big.do Families face dearer summer holidays this year as TUI Travel, owner of Thomson, reports a nine per cent rise in its average selling price Tue, 09 Feb 2010 09:03:45 GMT http://www.thisislondon.co.uk/standard-business/article-23803586-tui-travel-ready-for-holiday-makers-to-spend-big.do 2010-02-09T09:03:45Z http://www.thisislondon.co.uk/standard-business/article-23803595-888com-looks-for-takeovers-amid-web-betting-boom.do Online gambling group 888 is poised for further acquisitions as trading figures give confidence to the internet betting industry Tue, 09 Feb 2010 08:37:23 GMT http://www.thisislondon.co.uk/standard-business/article-23803595-888com-looks-for-takeovers-amid-web-betting-boom.do 2010-02-09T08:37:23Z Winnings: 888 took over Wink Bingo on New Year's Eve http://www.thisislondon.co.uk/standard-business/article-23803687-crestor-drug-approval-lifts-astrazeneca.do Shares in AstraZeneca rise after the US regulator approves its cholesterol drug Crestor for wider use Tue, 09 Feb 2010 11:09:36 GMT http://www.thisislondon.co.uk/standard-business/article-23803687-crestor-drug-approval-lifts-astrazeneca.do 2010-02-09T11:09:36Z http://www.thisislondon.co.uk/standard-business/article-23803397-pound-dives-amid-fear-of-uk-debt-crisis.do Britain takes a battering in the financial markets as investors concerned about a looming debt crisis dump risky assets Mon, 08 Feb 2010 12:51:27 GMT http://www.thisislondon.co.uk/standard-business/article-23803397-pound-dives-amid-fear-of-uk-debt-crisis.do 2010-02-08T12:51:27Z Under the weather: Sterling has been slipping lower since last summer http://www.thisislondon.co.uk/standard-business/article-23803107-mps-treasury-needs-more-power-to-make-rbs-and-lloyds-lend.do The Treasury needs to up its powers to enforce lending commitments made in return for taxpayer support by part-nationalised banks RBS and Lloyds, MPs say Mon, 08 Feb 2010 08:41:55 GMT http://www.thisislondon.co.uk/standard-business/article-23803107-mps-treasury-needs-more-power-to-make-rbs-and-lloyds-lend.do 2010-02-08T08:41:55Z Seat of power? MPs believe the Treasury has to pressure part-nationalised banks http://www.thisislondon.co.uk/standard-business/article-23803879-glaxosmithkline-to-cut-380-jobs.do GlaxoSmithKline will cut up to a third of the jobs at its research and development site in Harlow Tue, 09 Feb 2010 15:07:36 GMT http://www.thisislondon.co.uk/standard-business/article-23803879-glaxosmithkline-to-cut-380-jobs.do 2010-02-09T15:07:36Z http://www.thisislondon.co.uk/standard-business/article-23803718-mirror-buys-guardian-regionals-for-pound-448m.do Guardian Media Group off-loads the Manchester Evening News and 31 other titles in its local newspaper division Tue, 09 Feb 2010 11:37:50 GMT http://www.thisislondon.co.uk/standard-business/article-23803718-mirror-buys-guardian-regionals-for-pound-448m.do 2010-02-09T11:37:50Z http://www.thisislondon.co.uk/standard-business/article-23803568-british-land-bounces-back-strongly-after-property-slump.do British Land says the value of its property empire rose sharply at the end of last year as it fought off the worst decline in decades Tue, 09 Feb 2010 07:53:48 GMT http://www.thisislondon.co.uk/standard-business/article-23803568-british-land-bounces-back-strongly-after-property-slump.do 2010-02-09T07:53:48Z http://www.thisislondon.co.uk/standard-business/article-23803600-swatch-watches-popular-as-economy-improves.do Swatch, the world’s biggest selling watchmaker, predicts a strong 2010 as enjoys its second best-ever January Tue, 09 Feb 2010 08:49:04 GMT http://www.thisislondon.co.uk/standard-business/article-23803600-swatch-watches-popular-as-economy-improves.do 2010-02-09T08:49:04Z Clock on: Swatch's Omega is the official timekeeper for the Winter Olympics http://www.thisislondon.co.uk/standard-business/article-23803602-mothercare-and-boots-to-release-childrens-clothes-brand.do Mothercare and Boots will produce a new children’s clothing and accessories brand to be sold in Boots stores in the UK and Ireland Tue, 09 Feb 2010 08:57:04 GMT http://www.thisislondon.co.uk/standard-business/article-23803602-mothercare-and-boots-to-release-childrens-clothes-brand.do 2010-02-09T08:57:04Z Team up: the children's retailer has agreed a deal with high street chemist Boots http://www.thisislondon.co.uk/standard-business/article-23803597-rightmove.do January was so good for property website Rightmove it declares that this year's profits will beat City expectations Tue, 09 Feb 2010 08:40:10 GMT http://www.thisislondon.co.uk/standard-business/article-23803597-rightmove.do 2010-02-09T08:40:10Z http://www.thisislondon.co.uk/standard-business/article-23803573-nissan-makes-profit-to-avoid-second-year-of-loss.do Nissan returns to profit and raises its annual forecast for the second time this financial year, boosted by brisk sales globally Tue, 09 Feb 2010 08:17:28 GMT http://www.thisislondon.co.uk/standard-business/article-23803573-nissan-makes-profit-to-avoid-second-year-of-loss.do 2010-02-09T08:17:28Z Driving up figures: Nissan made £920 million for the third quarter http://www.thisislondon.co.uk/standard-business/article-23803577-beazley-profits-up-on-investments-recovery.do Lloyd's of London insurer Beazley says terror premiums have stopped falling for the first time since the 9/11 New York and Washington attacks Tue, 09 Feb 2010 08:31:51 GMT http://www.thisislondon.co.uk/standard-business/article-23803577-beazley-profits-up-on-investments-recovery.do 2010-02-09T08:31:51Z http://www.thisislondon.co.uk/standard-business/article-23803609-cost-cutting-helps-piccolino-beat-profit-forecasts.do Piccolino and Bar & Grill restaurant chain says it will beat profit forecasts after a £2 million cost-cutting drive Tue, 09 Feb 2010 09:09:30 GMT http://www.thisislondon.co.uk/standard-business/article-23803609-cost-cutting-helps-piccolino-beat-profit-forecasts.do 2010-02-09T09:09:30Z http://www.thisislondon.co.uk/standard-business/article-23803132-banks-still-need-government-support-to-give-mortgages.do Britain’s banks and building societies warn they still cannot stand alone in the mortgage market without government support Mon, 08 Feb 2010 08:11:52 GMT http://www.thisislondon.co.uk/standard-business/article-23803132-banks-still-need-government-support-to-give-mortgages.do 2010-02-08T08:11:52Z Tight times: mortgage lenders warned they would cut the sums they give to buyers