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Marks and Spencer cuts 1,000 jobs
Marks and Spencer will announce on Wednesday that it is cutting 1,000 jobs from its workforce of 70,000, the BBC confirms.
 
German billionaire kills himself
German billionaire Adolf Merckle commits suicide after his business empire runs into trouble in the global economic slowdown.
 
House prices 'fell 15.9% in 2008'
House prices fell by 15.9% last year, according to the latest survey by the Nationwide building society.
 
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Next and Debenhams see sales fall over the Christmas period, as a survey puts UK consumer confidence at a new low.
 
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The euro weakens against the pound and the US dollar as data suggests that a eurozone interest rate cut next week is likely.
 
UK short-selling ban to be lifted
A ban on the short-selling of financial shares is to be lifted, the UK's financial regulator confirms.
 
 
   
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