Vulture funds who bought international Greek bonds at discounts are circling ahead of Tuesday’s deadline to repay a 436m note issued long before the name Greece became synonymous with “crisis”.
JPMorgan’s admission that it lost $2bn in six weeks sends bank stocks tumbling. If America’s most profitable investment bank can admit sloppy trading, what on earth are the lesser banks up to?
Greece’s two main parties – PASOK and New Democracy – were expected to incur huge losses when polls closed Sunday night as their popularity plunges to lows not seen since the 1974.
The British Chambers of Commerce say Britain is likely to avoid a recession, although growth will not pick up properly until 2013.
Lower electricity and gas bills help drive down the overall rate of inflation to a 15-month low with the consumer prices index (CPI) rate dipping to 3.4 per cent.
The Governor of the Bank of England today predicted further quarters of negative GDP growth this year following the latest -0.2% slump recorded in the last quarter of last year. Britain’s economy is likely to “zig-zag” between positive and negative growth said the Governor, introducing the Bank’s quarterly economic healthcheck. Sir Mervyn said that the…
A third of high streets are “degenerating or failing”, according to a government commissioned review by TV retail expert Mary Portas.
Inflation eases slightly in November for a second successive month, raising expectations that the Bank of England will be able to provide additional stimulus for the economy next year.
Topshop and Bhs boss sir Philip Green warns that 260 stores face the axe after a profits slump.
As the Bank of England lowers its forecasts, an economist tells Channel 4 News Britain is unlikely to grow at all next year.
Inflation may rise again this year before dropping significantly in 2012, a former Bank of England economist tells Channel 4 News.
Today’s remarks by both David Cameron and George Osborne that the Chancellor won’t abolish the 50p tax rate in his autumn statement at the end of this month (levied on incomes of more than £150,000) have an important knock-on effect reports Michael Crick.
As St Paul’s Cathedral announce it is “optimistic that it will reopen”, the MP for the City of London tells Channel 4 News he believes the initial decision to close it was ‘spurious’.
Inflation matched its record high last month. The consumer prices index (CPI) rose from 4.5 per cent to 5.2 per cent.
With inflation rising to match record highs, Channel 4 News looks at the effect on the economy and consumer and considers if there are any reasons to be cheerful.