Lloyds Banking Group has named the Co-operative as its preferred choice to buy the 632 branches it is selling under European competition rules.
Continued here:
Co-op preferred Lloyds branch buyer
The president of scandal-battered Olympus has hinted that business partnerships may be sought to shore up the gaping hole that the huge investment losses it hid for years have left on its balance sheet.
Go here to see the original:
Olympus hints at partnerships move
Fitch Ratings has downgraded the debt ratings for five major European commercial banks and co-operative banking groups, citing the eurozone crisis and stronger headwinds facing the banking sector.
See the rest here:
European banks suffer downgrade
Moss Bros has hailed another step in its turnaround after the menswear retailer reported a double-digit rise in like-for-like sales.
Here is the original:
Moss Bros boosted by sales trend
Tensions between London and Paris have been heightened further after the head of France’s central bank suggested that the UK was a candidate for a credit rating downgrade.
Read more here:
French banker hints at UK downgrade
Britain’s lenders have warned that repossessions are predicted to rise next year and the amount of money lent for mortgages could be lower amid a weak economic backdrop.
Read more:
Lenders fear rise in repossessions
The head of the International Monetary Fund has warned that prospects for the global economy are gloomy and it will take concerted action by all countries to resolve an escalating European debt crisis.
Original post:
IMF chief warns of ‘gloomy’ outlook
Sofa giant DFS has vowed to press ahead with its expansion plans – creating 300 jobs in the coming months – despite posting a fall in profits.
Read the original here:
Sales dip fails to stop DFS growth
Factory bosses are preparing a cut in production in the new year after the eurozone crisis left exports at their weakest in two years, the CBI said.
Originally posted here:
Manufacturers set to cut production
Newcastle United owner Mike Ashley is being lined up for a £12 million shares windfall after his Sports Direct chain reported more robust trading.
Read the original post:
Sports Direct boss set for bonus
