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Latest Business News
Bank cuts UK rates to 57-year low
The Bank of England has cut interest rates by one percentage point from 3% to 2%, their lowest level since 1951.
New car sales fall by one-third
Sales of new cars in the UK fell at the fastest rate in 28 years in November, figures from the industry show.
Downturn to hit Philips profits
Electronics giant Philips says the downturn is without "recent comparison" and that its revenue will be less than expected.
Full coverage of the UK economy, and tips on surviving the crisis
Tips on surviving the financial crisis, and full coverage of the UK economy
Dragon out of race for Woolworths
Dragons' Den entrepreneur Theo Paphitis pulls out of the race to buy parts of troubled retailer Woolworths.