UK Business News

It is expected that you have heard about the economic condition across the world. Countless people are speculating how a formerly thriving UK economy has slumped so abruptly, resulting in a lot of companies and people becoming bankrupt.
The stock market has become more unpredictable than it was in the past. The once flourishing real estate [...]

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The deal struck with Canadian car parts manufacturer Magna with General Motors, to buy the European Vauxhall and Opel units, is likely to come at a higher price than anticipated for the companies workers across Europe.
That is all except Germany where  job losses are in line with what was first estimated when Magna made their [...]

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Oil supplier BP have announced a ‘giant’ oil discovery in the Gulf of Mexico reaffirming the area’s importance to the Western based oil majors.
BP said in a statement on Wednesday that it had made the find at its Tiber Prospect in the deepwater Gulf of Mexico. The well was drilled in Keathley Canyon block 102.
The [...]

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The sharp decline in the price of crude oil since the middle of 2008 has been blamed for a huge fall in profits from both Royal Dutch Shell and rival Exxon Mobil.
Reported profits for the period April to June 2009 showed profits at Shell had fallen 70% from the same period a year earlier at [...]

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Jaguar Land Rover have announced that they will cut 300 jobs at the Halewood factory in the UK as the luxury car maker struggles in the economic crisis. Production of the X type car will be stopped completely.
The company which is owned by Tata Motors of India has said that it is not considering closing [...]

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