Business News

Chancellor faces down Cabinet 'jitters' about economic strategy

Andrew Grice: George Osborne has been forced to fend off doubts about his economic strategy from cabinet colleagues worried that growth is so weak.

Inside Business News

Banks face pay pressure after lending failures

Friday, 27 May 2011

Sean Farrell: Britain's banks and the Treasury face calls to give details of how bosses' pay is to be linked to small business lending after figures this week showed the banks were on track to miss targets.

Honda 'back to normal' in September

Friday, 27 May 2011

Full production at a major UK car plant hit by the effects of the Japanese earthquake will not resume until September, it was announced today.

Bonus payments 'bounce back'

Friday, 27 May 2011

Bonus payments have bounced back after the recession, with billions of pounds being paid out, according to a report today.

Burberry to expand to cash in on luxury boom

Friday, 27 May 2011

Burberry is to ramp up its expenditure on stores in London, flagship cities globally and in emerging markets after it delivered a 40 per cent surge in full-year profits.

Jaguar Land Rover floors the profit pedal for Tata

Friday, 27 May 2011

Jaguar Land Rover has staged a dramatic turnaround in its fortunes, with parent Tata of India reporting a £1.1bn profit in the year to 31 March for its UK auto subsidiary. That contrasts with a bare profit of £14.6m the previous year, and a near-fatal loss of £673m in 2008-09.

Fears for UK plants as Heinz reveals job cuts around the world

Friday, 27 May 2011

Heinz, the eponymous maker of the baked beans and ketchup, has revealed it is to slash up to 1,000 jobs globally, after it delivered a 14 per cent jump in full-year profits.

Ritblat's Delancey makes £194m offer for Minerva

Friday, 27 May 2011

Minerva, the property developer that counts the Walbrook building in the City of London as one of its developments, has received a £194m cash offer from a consortium including Jamie Ritblat's Delancey investment firm.

DMGT suffers setback as advertising sales slide

Friday, 27 May 2011

The owner of the Daily Mail suffered a surprise fall in advertising revenues at its national and regional titles last month and warned of the ongoing effects of the "volatile and uncertain" markets this year. Shares in Daily Mail & General Trust (DMGT) closed more than 7 per cent lower after the company released its half-yearly financial report yesterday.