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Latest Business News
RBS boss apologises over losses
Royal Bank of Scotland (RBS) chairman, Sir Tom McKillop, says he is "profoundly sorry" for the bank's financial difficulties.
Oil price goes below $50 a barrel
Oil prices have fallen below $50 a barrel amid growing fears over a global recession and lower demand for oil.
Recession fears hit stock markets
Shares continue to tumble worldwide amid concerns that the global economy will enter a protracted downturn.
Retail sales bring scant comfort
Sales on the UK's High Streets fell by a lower-than-expected 0.1% in October, Office for National Statistics figures show.
Rolls-Royce plans 2,000 job cuts
Aircraft engine maker Rolls-Royce says it plans to cut between 1,500 and 2,000 jobs in 2009, including 140 in the UK.