UK Business News

Steelmaker Corus has confirmed that it will axe 2,500 jobs in the UK and a further 1,000 worldwide as the global downturn sees demand fall by a third over the last year.  Steel prices have also dropped by half over the last six months.
Corus was formed in 1999, when the remnants of the once great [...]

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The troubled US insurance group AIG have announced that they will not be renewing their sponsorship contract with England premier league football club, Manchester United. The current deal ends in May 2010.
AIG has already ended it’s partnership with the US Davis cup tennis team, and is in the process of restructuring it’s business, having received [...]

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Latest figures released by insolvency experts Begbies Traynor, show what we all pretty much expect, that UK business failures more than trebled during 2008.
A total of 5,651companies faced critical problems during the last quarter of 2008 as the full effects of the global financial crisis spread throughout the whole economy. The sectors worst affected says [...]

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The Honda UK plant in Swindon has announced further suspension of production, due to the global slowdown and reduced interest in demand for new cars. The company had announced in November 2008 that it would close the factory for two months from the end of January 2009.
The closure will now increase to four months from [...]

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Apple Inc shares took a 10% tumble after CEO and technical visionary Steve Jobs announced that he would be taking sick leave until the end of June. Speculation over Jobs health has been rife for months during which time he has appeared to have lost a great deal of weight.
Jobs, who beat pancreatic cancer, had [...]

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