British Airways has reported a record loss of £401 million for the year ending 31 March, as a fall in passenger numbers and a rise in oil prices took its toll on the airline.
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JJB Sports, the sportswear retailer, has revealed that it recently came "dangerously close to insolvency" after recording a £189 million loss in 2008.
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Ed Liddy, the boss of AIG, is to step down from his position as soon as a replacement for him is found. Liddy, who holds dual roles as chairman and chief executive of the American insurer, has only been at the company for eight months.
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Tim Clarke, the chief executive of Mitchells & Butlers, one of Britain's biggest pub groups, has resigned after the company lost £69 million in a disastrous bet on interest rates.
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Borders UK has been forced to look into closing some of its underperforming stores, raising questions about the long-term future of the bookseller.
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Cable & Wireless has come under fire after revealing that its bosses will take home over £40 million in payouts this year, despite the fact that it's currently in the midst of slashing 600 UK jobs.
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