UK Business News

Government figures released today say that over 60,000 orders have been placed for new cars in the UK following the introduction of the ‘car scrappage’ scheme announced during the April budget.
The figures cover the period from the budget announcement in April until the 7th June, but the Retail Motor Industry Federation have reported a huge [...]

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UK van manufacturer LDV went into administration today after parent company GAZ failed to secure a rescue package, leaving the 850 workforce at it’s Birmingham plant without jobs.
Russian owned GAZ were forced to suspend production at the LDV plant in December, citing funding problems. Talks with Malaysian company Weststar broke down last week after it [...]

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The man in charge of high street bank HBOS in 2008 when it almost collapsed, has taken a position with the UK chemist chain Alliance Boots, and not on the check-outs or shelf filling.  Andy Hornby will become chief executive of Boots in July.
Hornby who had been the youngest CEO of a main UK bank [...]

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The UK’s ‘Cash for Scrap‘ new car incentive could not have come at a better time for Britain’s ailing motor industry, as figures for new car registrations in May 2009 show that sales fell by 24.8% in comparison to May 2008. This followed a similar drop in numbers reported for April, say the Society of [...]

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Budget Airline Ryanair’s outspoken CEO, Michael O’Leary has said that his company will continue to offer European consumers better value for money, “Just like Aldi, Lidl, Ikea and McDonalds are doing in their respective industries”, despite posting it’s first full year loss in 20 years.
Ryanair had written down the fall in the value of it’s [...]

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