Inflation Low Brings Shoppers Christmas Cheer

Plunging fuel and food costs left the core measure of inflation at a 12-year low last month, official figures have shown. The Office for National Statistics (ONS) calculated the consumer prices index (CPI) at an annual rate of 1% in November - showing...

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Google Shuts Down Spanish News Service

Google has gone ahead with its threat to shut down its news service, Google News in Spain, before a Spanish intellectual property law comes into effect in January. The service, which provided aggregated news content, has been replaced by a message...

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Rouble Woes: Six Stages Of A Currency Crisis

If you've never witnessed a currency crisis, here's how they usually go, in six simple steps: 1. Your currency gradually creeps downwards. This can happen over a matter of months as your current account deficit - the country's ledger with the...

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Co-operative Bank Fails Annual Stress Tests

By Mark Kleinman, City Editor Britain's eight biggest lenders would accumulate losses of £13bn during an 'Armageddon'-style recession in which the Co-operative Bank would see its capital reserves exhausted and the two state-backed banks severely tested....

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Ex-JJB Sports CEO Jailed Over £1m Fraud

The former boss of JJB Sports has been jailed for four years, after pocketing around £1m in what was described as a "very greedy fraud". A court heard that Chris Ronnie, 52, owed more than £10m to an Icelandic bank when he diverted funds from...

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FCA Life Ban For Fare-Dodging Jonathan Burrows

The financial watchdog has banned a top fund manager from any role in the City after it was discovered he paid £43,000 to avoid prosecution for dodging train fares. Jonathan Paul Burrows, who was a London-based managing director at US investment firm...

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BT Set To Buy EE Mobile Phone Network

BT has announced that it wants to buy phone firm EE as it makes a play to re-enter the mobile market. The company has been in negotiations with EE and rival O2, but BT announced a decision on Monday to go with EE. The deal is worth £12.5bn. ...

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Black Friday Drives Huge Online Sales Spike

A report suggests online retailers are on target for record Christmas sales following the largest monthly spike for 14-years in November. The IMRG Capgemini e-Retail Sales Index said Black Friday was behind the surge. Online sales rose 37% month-on-month...

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Companies May Have To Reveal Gender Pay Gap

By Anushka Asthana, Political Correspondent Thousands of large companies could be forced to publish the pay gap between male and female employees following a vote in Parliament on Tuesday that will see a number of Lib Dems team up with Labour. Sky...

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Rouble 'Critical' After Hitting All-Time Low

The deputy chairman of Russia's central bank has conceded the rouble is in deep trouble but says it will take action to remedy the problem soon. "The situation is critical. We could not imagine this in our worst nightmare a year ago," Sergei Shvetsov...

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