UK Economy on the Up

The UK economy grew faster than the 1.1% expected rise predicted by top financial experts. These findings were according to official data from the Office for National Statistics who predicted a rise of 0.6%. This growth showed the fastest quarterly increase since 2006 and a huge improvement from the 0.3% within the first quarter of [...]

Ryanair Slashes Losses As Fuel Costs Fall

Europe’s largest low-fare airline Ryanair has reported a third-quarter loss of £9.6m but raised its annual profits forecast. Ryanair says it won market share from rivals during the recession The Dublin-based company said it was “disappointed” with the figure. However, it said it was pleased the losses had come down from £88.8m in the same [...]

Obama Bids To Repair ‘Hurting’ US Economy

The US president forecast the creation of 1.5 million jobs through the ‘stimulus bill’. “People are out of work. They are hurting. They need our help. And I want a jobs bill on my desk without delay,” he said. As he looked to reignite his stalling presidency, Mr Obama urged Congress to come together around [...]

Fathers to get six months’ paternity leave

Dads will be able to take up to six months’ paternity leave while their child’s mother returns to work, under government plans announced today. Fathers will have a legal right to take the place of the mother at home for the last three months of her nine-month maternity leave. During that time, they would be [...]

Goldman Sachs UK partners cap their pay at £1m each

Goldman Sachs’ 100 UK-based partners are capping their 2009 pay and bonuses at £1m each, the BBC has learned. BBC business editor Robert Peston said it represented a significant sacrifice of several hundred million pounds. One executive said they wanted to be seen to be exercising the restraint which the Chancellor of the Exchequer has [...]

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Estate agency probe ‘disappoints’

Obama Bids To Repair ‘Hurting’ US Economy