A state guarantee scheme to underpin vital supply-chain insurance is set to be announced by Alistair Darling, chancellor, in next week’s Budget, according to government insiders.
Ebay has announced plans to spin off Skype, its online phone unit, with an initial public offering next year following the collapse of talks that would have sold Skype back to its founders.
UBS has announced plans to cut an additional 7,500 jobs, taking the number of staff reductions at Switzerland's biggest bank to more than 18,000 since the start of the credit crunch.
The first "green shoots" of recovery in the housing market have been hailed by economists after figures showed an increase in the number of mortgages being taken out and property sales increased for the first time since 2007.
Britvic, the soft-drink maker behind Tango and Robinsons cordial, has secured new bank loans, lifting its shares 9.75p yesterday to 256p.
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