http://www.execdigital.co.uk/ Business news for executives in the UK - Lead stories, case studies and interviews from global industries, including construction, manufacturing and energy. British Airways said its proposed mergers with Iberia and Qantas and a tie-up with American Airlines were not alternatives and could all happen if regulators agree, as it reported a fall in traffic in November. http://www.execdigital.co.uk/BA-says-planned-deals-all-possible_12343.aspx http://www.execdigital.co.uk/BA-says-planned-deals-all-possible_12343.aspx Thu, 04 Dec 2008 08:09:13 GMT Exec Digital UK The government and major banks pledged to improve lending to small businesses and ease strains on home owners on Wednesday as pressure intensified on lenders to free up credit in the face of recession. http://www.execdigital.co.uk/Government-and-banks-pledge-lending-help_12342.aspx http://www.execdigital.co.uk/Government-and-banks-pledge-lending-help_12342.aspx Thu, 04 Dec 2008 08:09:12 GMT Exec Digital UK Oil fell below $46 a barrel to its lowest in nearly four years on Thursday, extending four consecutive days of falls as continued demand worries minimised bullish draws in U.S. oil stocks. http://www.execdigital.co.uk/Oil-falls-to-below--46-a-barrel_12364.aspx http://www.execdigital.co.uk/Oil-falls-to-below--46-a-barrel_12364.aspx Thu, 04 Dec 2008 08:09:12 GMT Exec Digital UK (Reuters) - Citigroup's top executives and Robert Rubin, a director and senior counsellor at the firm, are ready to forgo their bonuses this year as the bank reels from the effects of the financial crisis, the Financial Times reported. http://www.execdigital.co.uk/Citigroup-top-execs-reportedly-ready-to-forego-bonuses_12376.aspx http://www.execdigital.co.uk/Citigroup-top-execs-reportedly-ready-to-forego-bonuses_12376.aspx Thu, 04 Dec 2008 08:09:10 GMT Exec Digital UK (Reuters) - General Motors and Chrysler are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. http://www.execdigital.co.uk/GM-and-Chrysler-considering-bankruptcy-to-get-bailout_12368.aspx http://www.execdigital.co.uk/GM-and-Chrysler-considering-bankruptcy-to-get-bailout_12368.aspx Thu, 04 Dec 2008 08:09:10 GMT Exec Digital UK Swiss bank Credit Suisse said on Thursday it was cutting another 5,300 jobs, as it revealed it made a net loss of about 3 billion Swiss francs (1.7 billion pounds) in October and November. http://www.execdigital.co.uk/Credit-Suisse-made-1-7-billion-pound-net-loss_12372.aspx http://www.execdigital.co.uk/Credit-Suisse-made-1-7-billion-pound-net-loss_12372.aspx Thu, 04 Dec 2008 08:09:10 GMT Exec Digital UK Japanese brokerage house Nomura Holdings said it would axe up to 1,000 staff in London in its first big job cuts since it bought parts of failed Lehman Brothers, adding to a wave of lay-offs in the global financial industry. http://www.execdigital.co.uk/Nomura-says-to-cut-up-to-1-000-staff-in-London_12367.aspx http://www.execdigital.co.uk/Nomura-says-to-cut-up-to-1-000-staff-in-London_12367.aspx Thu, 04 Dec 2008 08:09:05 GMT Exec Digital UK The Bank of England could slash interest rates to their lowest in more than half a century later on Thursday amid mounting evidence the rapidly sinking economy may be heading for a full-blown depression. http://www.execdigital.co.uk/Bank-seen-slashing-rates-to-2-percent_12361.aspx http://www.execdigital.co.uk/Bank-seen-slashing-rates-to-2-percent_12361.aspx Thu, 04 Dec 2008 08:09:05 GMT Exec Digital UK The FTSE 100 is seen opening 4-10 points lower on Thursday, according to financial bookmakers, treading water after the previous session's gains with all eyes on interest rate decisions in the UK and Europe. http://www.execdigital.co.uk/FTSE-ends-up-as-oils-and-Tesco-gain_12252.aspx http://www.execdigital.co.uk/FTSE-ends-up-as-oils-and-Tesco-gain_12252.aspx Thu, 04 Dec 2008 08:09:02 GMT Exec Digital UK Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years. http://www.execdigital.co.uk/Global-stocks-rise-on-anti-recession-plays_12354.aspx http://www.execdigital.co.uk/Global-stocks-rise-on-anti-recession-plays_12354.aspx Thu, 04 Dec 2008 07:56:16 GMT Exec Digital UK The European Central Bank is expected to cut interest rates for the third time in less than two months on Thursday, with opinions split on the odds of a tried-and-trusted 50 basis point cut or a more aggressive move. http://www.execdigital.co.uk/ECB-seen-cutting-rates-by-50-basis-points-or-more_12345.aspx http://www.execdigital.co.uk/ECB-seen-cutting-rates-by-50-basis-points-or-more_12345.aspx Thu, 04 Dec 2008 07:13:51 GMT Exec Digital UK Middle market investment bank Jefferies Group will slash nearly 15 percent of its employees worldwide and close offices in Dubai, Singapore and Tokyo as it contends with heavy losses for 2008. http://www.execdigital.co.uk/Jefferies-seen-laying-off-10-percent-of-employees_12352.aspx http://www.execdigital.co.uk/Jefferies-seen-laying-off-10-percent-of-employees_12352.aspx Thu, 04 Dec 2008 06:10:52 GMT Exec Digital UK Senate Majority leader Harry Reid wants to try to find a way to avert threatened bankruptcies in the U.S. auto industry with Detroit Three chief executives readying for a make-or-break hearing on Thursday on a $34 billion (23 billion pound) bailout request. http://www.execdigital.co.uk/Preventing-possible-bankruptcies-driving-car-aid-push_12365.aspx http://www.execdigital.co.uk/Preventing-possible-bankruptcies-driving-car-aid-push_12365.aspx Thu, 04 Dec 2008 05:23:51 GMT Exec Digital UK Nomura Holdings Inc said it would cut its staff in London by up to 1,000 people. http://www.execdigital.co.uk/Nomura-says-to-cut-up-to-1-000-staff-in-London_12366.aspx http://www.execdigital.co.uk/Nomura-says-to-cut-up-to-1-000-staff-in-London_12366.aspx Thu, 04 Dec 2008 03:50:50 GMT Exec Digital UK French power company EDF unveiled a plan to pay as much as $6.5 billion (4.4 billion pounds) for 50 percent of Constellation Energy Group's nuclear business and other assets in an attempt to torpedo a rival offer from investor Warren Buffett. http://www.execdigital.co.uk/EDF-makes-bid-for-Constellation-assets_12322.aspx http://www.execdigital.co.uk/EDF-makes-bid-for-Constellation-assets_12322.aspx Thu, 04 Dec 2008 03:01:54 GMT Exec Digital UK All options were on the table on Wednesday as congressional committees scrutinized auto company restructuring proposals and an urgent appeal for $34 billion (23 billion pounds) in aid ahead of make-or-break hearings. http://www.execdigital.co.uk/All-options-on-table-as-Congress-reviews-autos-bailout_12349.aspx http://www.execdigital.co.uk/All-options-on-table-as-Congress-reviews-autos-bailout_12349.aspx Thu, 04 Dec 2008 02:38:06 GMT Exec Digital UK The government should engage in a more active industrial policy to help businesses survive and emerge from the recession, Business Secretary Peter Mandelson said on Wednesday. http://www.execdigital.co.uk/Mandelson-calls-for-active-industrial-policy_12347.aspx http://www.execdigital.co.uk/Mandelson-calls-for-active-industrial-policy_12347.aspx Thu, 04 Dec 2008 01:05:55 GMT Exec Digital UK Buyout firm Resolution Ltd is likely to see an IPO size at the lower end of its indicated range, but it plans to raise as much as 5 billion pounds next year after spotting acquisition targets, people familiar with the matter said. http://www.execdigital.co.uk/Resolution-eyes-3-5-billion-pound-issue-post-IPO_12317.aspx http://www.execdigital.co.uk/Resolution-eyes-3-5-billion-pound-issue-post-IPO_12317.aspx Wed, 03 Dec 2008 23:04:51 GMT Exec Digital UK Following is a round-up of key small cap movers on the London stock market on Wednesday. http://www.execdigital.co.uk/Hot-small-caps--Innovation-up-on-above-view-cash-position_12294.aspx http://www.execdigital.co.uk/Hot-small-caps--Innovation-up-on-above-view-cash-position_12294.aspx Wed, 03 Dec 2008 20:37:52 GMT Exec Digital UK U.S. President-elect Barack Obama on Wednesday named New Mexico Gov. Bill Richardson, a former rival for the Democratic presidential nomination, as Commerce Secretary. http://www.execdigital.co.uk/Obama-names-Richardson-as-Commerce-Secretary_12335.aspx http://www.execdigital.co.uk/Obama-names-Richardson-as-Commerce-Secretary_12335.aspx Wed, 03 Dec 2008 18:48:26 GMT Exec Digital UK The pound hit its lowest level in almost 13 years on Wednesday as another batch of dire economic data convinced investors that the Bank of England would slash interest rates to prevent a recession turning into a slump. http://www.execdigital.co.uk/Interest-rate-cut-bets-knock-pound-to-13-year-low_12331.aspx http://www.execdigital.co.uk/Interest-rate-cut-bets-knock-pound-to-13-year-low_12331.aspx Wed, 03 Dec 2008 18:33:24 GMT Exec Digital UK Australia said it is open to a $5.9 billion (4 billion pound) merger between Qantas Airways and British Airways as long as it's not a takeover, sending the Australian carrier's shares up nearly 10 percent. http://www.execdigital.co.uk/British-Airways-says-in-merger-talks-with-Qantas_12236.aspx http://www.execdigital.co.uk/British-Airways-says-in-merger-talks-with-Qantas_12236.aspx Wed, 03 Dec 2008 18:20:27 GMT Exec Digital UK The government is to strengthen the regulation of its banking system by giving the Bank of England powers to step in as soon as a bank begins to show signs of financial trouble. http://www.execdigital.co.uk/Bank-rescue-measures-strengthened_12308.aspx http://www.execdigital.co.uk/Bank-rescue-measures-strengthened_12308.aspx Wed, 03 Dec 2008 18:10:22 GMT Exec Digital UK The dominant services sector shrank in November at its fastest pace since the series began in 1996 as new business, employment and confidence fell at record rates, a survey showed on Wednesday. http://www.execdigital.co.uk/Service-sector-shrinks-at-record-pace-in-November_12299.aspx http://www.execdigital.co.uk/Service-sector-shrinks-at-record-pace-in-November_12299.aspx Wed, 03 Dec 2008 16:44:27 GMT Exec Digital UK Royal Bank of Scotland is planning to "pro-actively" refund overdraft fees to customers if banks lose a court case over bank charges that could cost the industry billions of pounds. http://www.execdigital.co.uk/RBS-plans-overdraft-refunds-if-banks-lose-test-case_12306.aspx http://www.execdigital.co.uk/RBS-plans-overdraft-refunds-if-banks-lose-test-case_12306.aspx Wed, 03 Dec 2008 15:52:32 GMT Exec Digital UK BlackBerry maker Research In Motion cut its third-quarter profit and revenue outlook to well below Wall Street expectations, setting shares in the company up for a 7 percent fall on Wednesday. http://www.execdigital.co.uk/BlackBerry-maker-hit-as-subscriber-growth-slows_12311.aspx http://www.execdigital.co.uk/BlackBerry-maker-hit-as-subscriber-growth-slows_12311.aspx Wed, 03 Dec 2008 14:58:55 GMT Exec Digital UK (Reuters) - Merrill Lynch, which is set to merge with Bank of America , plans to cut year-end bonuses in half, Bloomberg News said, citing two people with knowledge of the situation. http://www.execdigital.co.uk/Merrill-reportedly-plans-to-halve-year-end-bonuses_12296.aspx http://www.execdigital.co.uk/Merrill-reportedly-plans-to-halve-year-end-bonuses_12296.aspx Wed, 03 Dec 2008 12:45:47 GMT Exec Digital UK Worries about an impending recession pushed consumer confidence to its lowest in at least four years in November, even though consumers were more inclined to spend, a survey showed on Wednesday. http://www.execdigital.co.uk/Recession-worries-dent-consumer-morale_12285.aspx http://www.execdigital.co.uk/Recession-worries-dent-consumer-morale_12285.aspx Wed, 03 Dec 2008 12:03:34 GMT Exec Digital UK Merger partners Lloyds and HBOS pledged to pass on interest rate cuts or increase lending to small businesses as banks were blamed for turning off credit and urged to boost lending in the face of recession. http://www.execdigital.co.uk/HBOS-to-provide-small-business-support-package_12289.aspx http://www.execdigital.co.uk/HBOS-to-provide-small-business-support-package_12289.aspx Wed, 03 Dec 2008 11:32:36 GMT Exec Digital UK Recruiters reported a record fall in job appointments and wages in November, a survey showed Wednesday. http://www.execdigital.co.uk/Recruiters-report-record-fall-in-jobs_12280.aspx http://www.execdigital.co.uk/Recruiters-report-record-fall-in-jobs_12280.aspx Wed, 03 Dec 2008 10:33:51 GMT Exec Digital UK People dumped from finance jobs who hope to find employment in the voluntary sector may have to reconsider, because as Britain slips into recession, ailing charities are struggling to absorb the unemployed. http://www.execdigital.co.uk/Charities-no-haven-for-laid-off-bankers_12286.aspx http://www.execdigital.co.uk/Charities-no-haven-for-laid-off-bankers_12286.aspx Wed, 03 Dec 2008 09:34:19 GMT Exec Digital UK Oil rose towards $48 a barrel on Wednesday, recovering from a tumble of more than $100 off July peaks, but the upside could be limited, with further signs of weakening oil demand expected in upcoming weekly U.S. oil data. http://www.execdigital.co.uk/Oil-drops-to--49-as-OPEC-defers-cuts_12193.aspx http://www.execdigital.co.uk/Oil-drops-to--49-as-OPEC-defers-cuts_12193.aspx Wed, 03 Dec 2008 09:16:04 GMT Exec Digital UK Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their lustre despite offering the lowest yields in decades amid worries about the ailing global economy. http://www.execdigital.co.uk/Global-stocks-rise-on-bargain-hunting-as-oil-skids_12269.aspx http://www.execdigital.co.uk/Global-stocks-rise-on-bargain-hunting-as-oil-skids_12269.aspx Wed, 03 Dec 2008 08:36:55 GMT Exec Digital UK European banks Credit Suisse and HSBC Holdings said they were not aware of any U.S. investigation into offshore private banking services, after a report they had been targeted by a probe. http://www.execdigital.co.uk/HSBC-and-C-Suisse-deny-targeted-in-U-S--tax-probe_12250.aspx http://www.execdigital.co.uk/HSBC-and-C-Suisse-deny-targeted-in-U-S--tax-probe_12250.aspx Wed, 03 Dec 2008 06:21:58 GMT Exec Digital UK Distressed U.S. carmakers began submitting plans to Congress on Tuesday as they tried to show that they have a viable future and deserve federal aid, while new reports showed that vehicle sales continued their freefall in November. http://www.execdigital.co.uk/Big-Three-carmaker-plans-hit-congress_12249.aspx http://www.execdigital.co.uk/Big-Three-carmaker-plans-hit-congress_12249.aspx Tue, 02 Dec 2008 23:40:49 GMT Exec Digital UK Following is a round-up of key small cap movers on the London stock market on Tuesday. http://www.execdigital.co.uk/Hot-small-caps--Game-Group-down-as-sales-growth-slows_12222.aspx http://www.execdigital.co.uk/Hot-small-caps--Game-Group-down-as-sales-growth-slows_12222.aspx Tue, 02 Dec 2008 21:18:07 GMT Exec Digital UK Shares of Yahoo rose more than 8 percent to $11.67 (7.82 pounds) on Tuesday as the Wall Street Journal reported that former AOL chief executive Jonathan Miller was trying to raise money to buy a portion or all of the Internet media company. http://www.execdigital.co.uk/Yahoo-stock-up-after-report-of-possible-bidder_12254.aspx http://www.execdigital.co.uk/Yahoo-stock-up-after-report-of-possible-bidder_12254.aspx Tue, 02 Dec 2008 18:32:45 GMT Exec Digital UK European stocks closed higher on Tuesday in choppy trade as banks recovered after earlier falls and energy shares rose as crude bounced from 3-1/2 year lows. http://www.execdigital.co.uk/Europe-shares-turn-negative-as-banks-and-miners-fall_12245.aspx http://www.execdigital.co.uk/Europe-shares-turn-negative-as-banks-and-miners-fall_12245.aspx Tue, 02 Dec 2008 17:06:39 GMT Exec Digital UK European bank heavyweights Credit Suisse and HSBC Holdings are axing hundreds of jobs in Britain as the biggest financial crisis since the Great Depression bites deeper. http://www.execdigital.co.uk/Credit-Suisse-to-cut-650-jobs_12217.aspx http://www.execdigital.co.uk/Credit-Suisse-to-cut-650-jobs_12217.aspx Tue, 02 Dec 2008 16:59:37 GMT Exec Digital UK The top share index had edged up by midday on Tuesday, as grocer Tesco soared after a trading update and oil stocks recovered from earlier losses, offsetting weakness in the banks. http://www.execdigital.co.uk/FTSE-slides-5-2-pct-on-commods-and-gloomy-data_12181.aspx http://www.execdigital.co.uk/FTSE-slides-5-2-pct-on-commods-and-gloomy-data_12181.aspx Tue, 02 Dec 2008 15:10:47 GMT Exec Digital UK (Reuters) - Goldman Sachs Group is likely to report a net loss of as much as $2 billion (1.35 billion pounds) for the fourth quarter, the Wall Street Journal said, citing industry insiders. http://www.execdigital.co.uk/Goldman-reportedly-faces--2-billion-quarterly-loss_12223.aspx http://www.execdigital.co.uk/Goldman-reportedly-faces--2-billion-quarterly-loss_12223.aspx Tue, 02 Dec 2008 13:06:03 GMT Exec Digital UK JPMorgan Chase said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual , which on September 25 became the largest U.S. bank to fail. http://www.execdigital.co.uk/JPMorgan-to-cut-9-200-Washington-Mutual-jobs_12196.aspx http://www.execdigital.co.uk/JPMorgan-to-cut-9-200-Washington-Mutual-jobs_12196.aspx Tue, 02 Dec 2008 10:24:28 GMT Exec Digital UK Ryanair revived its courtship of Irish rival Aer Lingus on Monday, bidding 750 million euros (645 million pounds), just half of what it offered two years ago in an approach thwarted by European regulators. http://www.execdigital.co.uk/Ryanair-makes-new-cash-bid-for-Aer-Lingus_12150.aspx http://www.execdigital.co.uk/Ryanair-makes-new-cash-bid-for-Aer-Lingus_12150.aspx Tue, 02 Dec 2008 07:27:17 GMT Exec Digital UK AUSTIN, Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the U.S. economy and said the central bank had alternative tools it could employ to help as interest rates approach zero. http://www.execdigital.co.uk/Fed-s-Bernanke-says-U-S--policy-must-act-with-vigour_12189.aspx http://www.execdigital.co.uk/Fed-s-Bernanke-says-U-S--policy-must-act-with-vigour_12189.aspx Tue, 02 Dec 2008 07:24:12 GMT Exec Digital UK (Reuters) - London-listed Mexican miner Fresnillo said its unit intends to make a formal offer to acquire the remaining shares that it does not already own in MAG Silver for $4.54 per share in cash. http://www.execdigital.co.uk/Fresnillo-says-to-make-formal-offer-to-buy-MAG-Silver_12199.aspx http://www.execdigital.co.uk/Fresnillo-says-to-make-formal-offer-to-buy-MAG-Silver_12199.aspx Tue, 02 Dec 2008 07:23:12 GMT Exec Digital UK Ford said on Monday it was reviewing options for Volvo and could sell the luxury Swedish car brand as it scrambles to shore up cash amid a deep industry downturn. http://www.execdigital.co.uk/Ford-considers-sale-of-Volvo_12191.aspx http://www.execdigital.co.uk/Ford-considers-sale-of-Volvo_12191.aspx Tue, 02 Dec 2008 06:26:11 GMT Exec Digital UK Manufacturing shrank at a record pace in November and mortgage approvals slid back to a series low in October, showing that neither a weaker pound nor lower interest rates have stalled a slide into recession. http://www.execdigital.co.uk/Dire-data-fuel-rate-cut-bets_12165.aspx http://www.execdigital.co.uk/Dire-data-fuel-rate-cut-bets_12165.aspx Mon, 01 Dec 2008 23:50:15 GMT Exec Digital UK John Duffield set up New Star Asset Management vowing to put his fund managers' names in lights. Seven years on, his firm is in the spotlight, but for the wrong reasons. http://www.execdigital.co.uk/Combative-Duffield-faces-new-battle-over-New-Star_12184.aspx http://www.execdigital.co.uk/Combative-Duffield-faces-new-battle-over-New-Star_12184.aspx Mon, 01 Dec 2008 22:26:15 GMT Exec Digital UK London Scottish Bank said on Monday it had gone into administration after failing to plug a gap in its capital reserves. http://www.execdigital.co.uk/London-Scottish-Bank-enters-administration_12160.aspx http://www.execdigital.co.uk/London-Scottish-Bank-enters-administration_12160.aspx Mon, 01 Dec 2008 22:12:13 GMT Exec Digital UK Following is a round-up of key small cap movers on the London stock market on Monday. http://www.execdigital.co.uk/Hot-Small-Caps---Land-of-Leather-up-on-bid-talk_12171.aspx http://www.execdigital.co.uk/Hot-Small-Caps---Land-of-Leather-up-on-bid-talk_12171.aspx Mon, 01 Dec 2008 21:11:13 GMT Exec Digital UK Car makers reported tumbling sales across Asia and Europe on Monday as the recession drove buyers from showrooms and drew a warning of more gloom for next year. http://www.execdigital.co.uk/November-car-sales-slide-shows-auto-crisis-worsening_12177.aspx http://www.execdigital.co.uk/November-car-sales-slide-shows-auto-crisis-worsening_12177.aspx Mon, 01 Dec 2008 19:58:57 GMT Exec Digital UK The pound slid broadly on Monday, heading for its biggest one-day loss against the dollar since September 1992, as weak UK manufacturing and mortgage data raised the stakes for a bold Bank of England interest rate cut. http://www.execdigital.co.uk/Pound-set-for-biggest-1-day-fall-vs-dollar-since--92_12178.aspx http://www.execdigital.co.uk/Pound-set-for-biggest-1-day-fall-vs-dollar-since--92_12178.aspx Mon, 01 Dec 2008 18:51:52 GMT Exec Digital UK Shares in New Star Asset Management , a fund manager plagued by money outflows, crashed on Monday as it said it had entered fresh debt talks with banks. http://www.execdigital.co.uk/New-Star-suspends-shares_12156.aspx http://www.execdigital.co.uk/New-Star-suspends-shares_12156.aspx Mon, 01 Dec 2008 17:35:11 GMT Exec Digital UK European shares slumped on Monday, pressured by banks and commodity stocks, as mounting concerns about a prolonged global slowdown and weaker demand for oils and metals hurt market sentiment. http://www.execdigital.co.uk/Europe-shares-fall-5-5-percent-as-banks-and-commods-slide_12175.aspx http://www.execdigital.co.uk/Europe-shares-fall-5-5-percent-as-banks-and-commods-slide_12175.aspx Mon, 01 Dec 2008 17:11:43 GMT Exec Digital UK BT Group appointed Tony Chanmugam, the chief financial officer of its retail unit, who is known for improving cost efficiencies, as group finance director on Monday. http://www.execdigital.co.uk/New-BT-FD-says-to-drive--cost-transformation-_12163.aspx http://www.execdigital.co.uk/New-BT-FD-says-to-drive--cost-transformation-_12163.aspx Mon, 01 Dec 2008 16:08:34 GMT Exec Digital UK Ford Motor Co said it will review strategic options for its Volvo brand, including the possible sale of the Sweden-based premium auto division, sending Ford shares up 8 percent on Monday. http://www.execdigital.co.uk/Ford-reviewing-Volvo-options_12174.aspx http://www.execdigital.co.uk/Ford-reviewing-Volvo-options_12174.aspx Mon, 01 Dec 2008 16:02:35 GMT Exec Digital UK Britain's leading share index fell 2.3 percent by midday on Monday as demand worries dented commodity prices, dragging down miners and energy stocks, while weak data highlighted problems facing the UK economy. http://www.execdigital.co.uk/FTSE-seen-opening-lower_12146.aspx http://www.execdigital.co.uk/FTSE-seen-opening-lower_12146.aspx Mon, 01 Dec 2008 15:48:36 GMT Exec Digital UK The global automotive industry faced a fresh wave of bad news on Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on c http://www.execdigital.co.uk/Global-car-sales-slide-shows-auto-crisis-worsening_12162.aspx http://www.execdigital.co.uk/Global-car-sales-slide-shows-auto-crisis-worsening_12162.aspx Mon, 01 Dec 2008 15:23:06 GMT Exec Digital UK Following is a round-up of key small cap movers on the London stock market on Monday. http://www.execdigital.co.uk/Hot-Small-Caps--Claimar-Care-up-after-full-year-results_12168.aspx http://www.execdigital.co.uk/Hot-Small-Caps--Claimar-Care-up-after-full-year-results_12168.aspx Mon, 01 Dec 2008 14:11:41 GMT Exec Digital UK LONDON - The following is a round-up of key small cap movers on the London stock market on Monday. http://www.execdigital.co.uk/Hot-small-caps--Anite-boosted-by-return-of-cash_12155.aspx http://www.execdigital.co.uk/Hot-small-caps--Anite-boosted-by-return-of-cash_12155.aspx Mon, 01 Dec 2008 13:44:21 GMT Exec Digital UK Oil fell more than $2 to below $53 a barrel on Monday after OPEC decided to wait until mid-December to make another cut in output to try to defend sagging prices. http://www.execdigital.co.uk/Oil-falls-below--52-after-OPEC-defers-output-cut_12161.aspx http://www.execdigital.co.uk/Oil-falls-below--52-after-OPEC-defers-output-cut_12161.aspx Mon, 01 Dec 2008 13:20:07 GMT Exec Digital UK U.S. carmakers General Motors and Ford have approached the Swedish government about aid for their Saab and Volvo car units, the Financial Times said on Monday. http://www.execdigital.co.uk/GM-and-Ford-reportedly-seek-Swedish-aid-for-car-units_12148.aspx http://www.execdigital.co.uk/GM-and-Ford-reportedly-seek-Swedish-aid-for-car-units_12148.aspx Mon, 01 Dec 2008 10:32:44 GMT Exec Digital UK House prices in England and Wales fell by 1.1 percent in November to take them 8.1 percent lower on a year ago, property consultancy Hometrack said in its monthly survey on Monday. http://www.execdigital.co.uk/House-prices-down-8-1-pct-yy_12139.aspx http://www.execdigital.co.uk/House-prices-down-8-1-pct-yy_12139.aspx Mon, 01 Dec 2008 09:23:18 GMT Exec Digital UK Asian stocks dipped on Monday to snap a six-day winning streak, with investors caught between aggressive steps by central bank to alleviate the sharp global downturn and increasingly grim economic data. http://www.execdigital.co.uk/Asia-stocks-up-for-7th-day_12142.aspx http://www.execdigital.co.uk/Asia-stocks-up-for-7th-day_12142.aspx Mon, 01 Dec 2008 09:15:12 GMT Exec Digital UK The financial crisis has prompted British officials to acknowledge the merits of the euro and those who mattered were thinking about adopting the currency, European Commission President Jose Manuel Barroso said. http://www.execdigital.co.uk/EU-s-Barroso-says-Brits-who-count-mulling-euro_12131.aspx http://www.execdigital.co.uk/EU-s-Barroso-says-Brits-who-count-mulling-euro_12131.aspx Mon, 01 Dec 2008 07:44:58 GMT Exec Digital UK The board of General Motors Corp met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion (7.8 billion pounds) in emergency funding from the U.S. government, a person familiar with the deliberations said. http://www.execdigital.co.uk/GM-board-reviews-new-turnaround-plan-for-bailout_12133.aspx http://www.execdigital.co.uk/GM-board-reviews-new-turnaround-plan-for-bailout_12133.aspx Mon, 01 Dec 2008 07:06:59 GMT Exec Digital UK As recession extends its tentacles across the globe, it is getting hard just to track the hundreds of billions of dollars governments are throwing or promising to throw at the problem. http://www.execdigital.co.uk/Stimulus-all-the-rage--bar-Germany_12128.aspx http://www.execdigital.co.uk/Stimulus-all-the-rage--bar-Germany_12128.aspx Mon, 01 Dec 2008 06:57:57 GMT Exec Digital UK Australian investment firm Babcock & Brown expects to be able to make an announcement on discussions with its banks by Wednesday. http://www.execdigital.co.uk/Babcock---Brown-expects-bank-announcement-Wednesday_12140.aspx http://www.execdigital.co.uk/Babcock---Brown-expects-bank-announcement-Wednesday_12140.aspx Mon, 01 Dec 2008 02:52:24 GMT Exec Digital UK If markets are forward looking, investors might find themselves tempted to buy stocks and other risky assets just as major economies, most of them already in recession, deteriorate further. http://www.execdigital.co.uk/Unsynchronised-recovery_12124.aspx http://www.execdigital.co.uk/Unsynchronised-recovery_12124.aspx Mon, 01 Dec 2008 00:58:25 GMT Exec Digital UK Airline Flybe is in talks to buy British Midland's subsidiary operations bmi regional and bmi baby, the Mail on Sunday reported. http://www.execdigital.co.uk/Flybe-in-talks-to-buy-bmi-regional-and-bmi-baby_12129.aspx http://www.execdigital.co.uk/Flybe-in-talks-to-buy-bmi-regional-and-bmi-baby_12129.aspx Mon, 01 Dec 2008 00:24:24 GMT Exec Digital UK BHP Billiton Chief Executive Marius Kloppers will likely use the same pragmatic resolve to grapple with a collapse in metals markets that he did in ditching a mega takeover of mining rival Rio Tinto . http://www.execdigital.co.uk/BHP-head-to-focus-on-downturn-after-Rio-failure_12117.aspx http://www.execdigital.co.uk/BHP-head-to-focus-on-downturn-after-Rio-failure_12117.aspx Mon, 01 Dec 2008 00:20:26 GMT Exec Digital UK Consumers made repeat trips to U.S. stores to seek bargains as holiday shopping kicked off this weekend, but an early rush is unlikely to save what is shaping up to be a bleak sales season, analysts said on Sunday. http://www.execdigital.co.uk/U-S--holiday-shoppers-buy-carefully-and-expect-more-deals_12113.aspx http://www.execdigital.co.uk/U-S--holiday-shoppers-buy-carefully-and-expect-more-deals_12113.aspx Mon, 01 Dec 2008 00:17:25 GMT Exec Digital UK A report in the Sunday Times that Microsoft Inc is in talks with Yahoo Inc to buy the U.S. internet company's online search business for $20 billion (13 million pounds) is "total fiction," according to a key executive cited by an influential U.S. blog. http://www.execdigital.co.uk/Microsoft-and-Yahoo-reportedly-in-talks_12119.aspx http://www.execdigital.co.uk/Microsoft-and-Yahoo-reportedly-in-talks_12119.aspx Sun, 30 Nov 2008 23:34:51 GMT Exec Digital UK Business Secretary Peter Mandelson accused banks on Saturday of overreacting to a liquidity crisis and said they had now become too conservative with their lending policies. http://www.execdigital.co.uk/Mandelson-says-UK-banks-overreacting-to-crisis_12110.aspx http://www.execdigital.co.uk/Mandelson-says-UK-banks-overreacting-to-crisis_12110.aspx Sun, 30 Nov 2008 22:07:46 GMT Exec Digital UK OPEC on Saturday deferred a decision on a new oil supply cut amid signs that Saudi Arabia and its Gulf allies are demanding tighter adherence to restraints put in place over the past two months. http://www.execdigital.co.uk/Saudi-targets-return-to--75-oil-price_12107.aspx http://www.execdigital.co.uk/Saudi-targets-return-to--75-oil-price_12107.aspx Sun, 30 Nov 2008 21:14:51 GMT Exec Digital UK U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country's ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis. http://www.execdigital.co.uk/Sales-draw-U-S--shoppers-as-Asian-economies-stumble_12115.aspx http://www.execdigital.co.uk/Sales-draw-U-S--shoppers-as-Asian-economies-stumble_12115.aspx Sun, 30 Nov 2008 20:14:02 GMT Exec Digital UK German banks plan to forge a creditors' consortium to help them recoup the outstanding debts of Icelandic borrowers, a German magazine reported without naming its sources. http://www.execdigital.co.uk/German-banks-plan-Iceland-loans-consortium_12111.aspx http://www.execdigital.co.uk/German-banks-plan-Iceland-loans-consortium_12111.aspx Sun, 30 Nov 2008 18:48:02 GMT Exec Digital UK U.S. stocks ended higher in thin trade on Friday, as investors eyed retail sales on the first day of the shopping season after the Thanksgiving Day holiday, to gauge the extent of weakening consumer demand. http://www.execdigital.co.uk/World-stocks-hit-2-week-highs_11999.aspx http://www.execdigital.co.uk/World-stocks-hit-2-week-highs_11999.aspx Sun, 30 Nov 2008 15:06:04 GMT Exec Digital UK World Trade Organisation (WTO) chief Pascal Lamy said on Saturday he was increasingly inclined to call ministers to Geneva next month to pursue a global trade treaty that could mitigate the world's economic turmoil. http://www.execdigital.co.uk/WTO-chief-says-expects-ministerial-decision-next-week_12114.aspx http://www.execdigital.co.uk/WTO-chief-says-expects-ministerial-decision-next-week_12114.aspx Sun, 30 Nov 2008 14:12:04 GMT Exec Digital UK The leading share index ended up 1.5 percent on Friday, marking its biggest weekly rise after recent heavy losses as gains in drugmakers and banks outweighed weakness in miners. http://www.execdigital.co.uk/FTSE-up-0-5-percent-in-early-trade_12061.aspx http://www.execdigital.co.uk/FTSE-up-0-5-percent-in-early-trade_12061.aspx Sun, 30 Nov 2008 11:29:05 GMT Exec Digital UK Earlier the market digested data showing British retail sales in November fell to record low levels reached in August, as a falling housing market weighed on consumer spending. http://www.execdigital.co.uk/Sterling-jumps-vs-broadly-weak-euro_12083.aspx http://www.execdigital.co.uk/Sterling-jumps-vs-broadly-weak-euro_12083.aspx Sun, 30 Nov 2008 07:09:02 GMT Exec Digital UK The Bank of England is expected to follow up November's shock 150 basis point rate cut with at least another 50 basis point reduction next week as policymakers pull out all the stops to prevent a deep economic downturn. http://www.execdigital.co.uk/What-the-Bank-has-to-weigh-up-next-week_12076.aspx http://www.execdigital.co.uk/What-the-Bank-has-to-weigh-up-next-week_12076.aspx Sun, 30 Nov 2008 02:56:04 GMT Exec Digital UK Irish Finance Minister Brian Lenihan concluded talks with banks late on Friday saying state involvement would be weighed on a case by case basis and that the government had not proposed consolidation in the sector. http://www.execdigital.co.uk/Irish-govt-to-weigh-bank-involvement-case-by-case_12103.aspx http://www.execdigital.co.uk/Irish-govt-to-weigh-bank-involvement-case-by-case_12103.aspx Sun, 30 Nov 2008 01:46:06 GMT Exec Digital UK Retail sales plunged in November at their joint-fastest pace since records began 25 years ago while a growing number of Britons predicted prices would fall, not rise, next year. http://www.execdigital.co.uk/Retail-sales-slump-back-to-series-low_12064.aspx http://www.execdigital.co.uk/Retail-sales-slump-back-to-series-low_12064.aspx Sat, 29 Nov 2008 18:46:16 GMT Exec Digital UK Tesco is set to report its worst underlying sales performance since the early 1990s recession next week, underscoring the challenges facing the country's store groups. http://www.execdigital.co.uk/Tesco-to-report-slowest-growth-since-early-90s_12087.aspx http://www.execdigital.co.uk/Tesco-to-report-slowest-growth-since-early-90s_12087.aspx Sat, 29 Nov 2008 18:24:04 GMT Exec Digital UK The Financial Services Authority has written to the chief executives of mortgage banks warning them to treat customers who go into arrears fairly, the watchdog said on Friday. http://www.execdigital.co.uk/FSA-tells-bank-chiefs-to-review-arrears-policies_12073.aspx http://www.execdigital.co.uk/FSA-tells-bank-chiefs-to-review-arrears-policies_12073.aspx Sat, 29 Nov 2008 11:37:17 GMT Exec Digital UK MADRID/ Santander , Spain's biggest bank, said on Friday investors signed up for all of its 7.2 billion euro (5.9 billion pounds) rights issue, shoring up its capital base despite difficult market conditions. http://www.execdigital.co.uk/Santander-gets-full-acceptance-on-rights-issue_12077.aspx http://www.execdigital.co.uk/Santander-gets-full-acceptance-on-rights-issue_12077.aspx Sat, 29 Nov 2008 01:54:06 GMT Exec Digital UK European Union finance ministers will seek to coordinate a joint boost to the sagging economy next week, choosing from a menu of actions drawn up by the European Commission in a plan worth some 200-billion euros (165.4 billion pounds). http://www.execdigital.co.uk/EU-finmins-to-pore-over-200-bln-euro-plan_12085.aspx http://www.execdigital.co.uk/EU-finmins-to-pore-over-200-bln-euro-plan_12085.aspx Sat, 29 Nov 2008 00:22:05 GMT Exec Digital UK Media companies could cut tens of thousands more jobs in the coming years as the economic downturn hits an industry already ravaged by the Internet revolution. http://www.execdigital.co.uk/Media-may-be-set-for-thousands-more-job-cuts_12084.aspx http://www.execdigital.co.uk/Media-may-be-set-for-thousands-more-job-cuts_12084.aspx Fri, 28 Nov 2008 17:25:14 GMT Exec Digital UK LONDON - The following is a round-up of key small cap movers on the London stock market on Friday. http://www.execdigital.co.uk/Hot-Small-Caps--JJB-higher-on-report-JD-Sports-mulling-bid_12055.aspx http://www.execdigital.co.uk/Hot-Small-Caps--JJB-higher-on-report-JD-Sports-mulling-bid_12055.aspx Fri, 28 Nov 2008 17:09:25 GMT Exec Digital UK House prices in England and Wales fell by 10.1 percent on the year in October to their lowest level in more than two years, the Land Registry said on Friday. http://www.execdigital.co.uk/House-prices-fall-10-1-pct-year-to-year_12065.aspx http://www.execdigital.co.uk/House-prices-fall-10-1-pct-year-to-year_12065.aspx Fri, 28 Nov 2008 16:47:27 GMT Exec Digital UK The Independent, which has just cut 90 editorial jobs, is to cut costs further by moving in with the Daily Mail newspaper group . http://www.execdigital.co.uk/Daily-Mail-takes-Independent-in-as-a-lodger_12074.aspx http://www.execdigital.co.uk/Daily-Mail-takes-Independent-in-as-a-lodger_12074.aspx Fri, 28 Nov 2008 15:26:18 GMT Exec Digital UK Consumer confidence remains near record lows despite an unexpected increase in November, a survey from pollsters GfK NOP showed on Friday. http://www.execdigital.co.uk/Consumer-morale-posts-surprise-Nov-rise_12043.aspx http://www.execdigital.co.uk/Consumer-morale-posts-surprise-Nov-rise_12043.aspx Fri, 28 Nov 2008 15:01:12 GMT Exec Digital UK U.S. aluminium giant Alcoa is not actively seeking to raise its stake in miner Rio Tinto despite plans by its ally, Chinalco, to up its Rio holding. http://www.execdigital.co.uk/Alcoa-not-seeking-to-raise-Rio-Tinto-stake_12050.aspx http://www.execdigital.co.uk/Alcoa-not-seeking-to-raise-Rio-Tinto-stake_12050.aspx Fri, 28 Nov 2008 12:54:11 GMT Exec Digital UK (Reuters) - Film distributor Metrodome Group said on Friday it was not sure of recovering the 320,000 pounds owed by a unit of Woolworths Group after the DVDs-to-sweets retailer filed for administration of some of its businesses. http://www.execdigital.co.uk/Metrodome-set-to-lose-from-Woolworths-unit_12057.aspx http://www.execdigital.co.uk/Metrodome-set-to-lose-from-Woolworths-unit_12057.aspx Fri, 28 Nov 2008 11:47:09 GMT Exec Digital UK Asian economic powerhouses saw production tumbling on Friday, while in the United States Thanksgiving sales offered a key test of America's ability to spearhead recovery from global crisis. http://www.execdigital.co.uk/U-S--government-steps-in-to-save-Citi_11740.aspx http://www.execdigital.co.uk/U-S--government-steps-in-to-save-Citi_11740.aspx Fri, 28 Nov 2008 11:01:13 GMT Exec Digital UK Oil fell below $54 a barrel on Friday as OPEC ministers gathered in Cairo to discuss deeper cuts in supply to counter the impact of the global economic slowdown on demand for fuel. http://www.execdigital.co.uk/Oil-falls-towards--53-ahead-of-OPEC-meeting_12049.aspx http://www.execdigital.co.uk/Oil-falls-towards--53-ahead-of-OPEC-meeting_12049.aspx Fri, 28 Nov 2008 10:23:05 GMT Exec Digital UK The FTSE 100 was seen opening as much as 1.4 percent higher by financial bookmakers on Friday, after closing firmer in the previous session. http://www.execdigital.co.uk/FTSE-seen-opening-higher_12051.aspx http://www.execdigital.co.uk/FTSE-seen-opening-higher_12051.aspx Fri, 28 Nov 2008 10:11:49 GMT Exec Digital UK (Reuters) - General Motors has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million (167 million pound) from the sale and leaseback of some of its European offices and other property assets, the Financial Times said. http://www.execdigital.co.uk/GM-eyes--167-million-European-asset-sale_12054.aspx http://www.execdigital.co.uk/GM-eyes--167-million-European-asset-sale_12054.aspx Fri, 28 Nov 2008 09:37:51 GMT Exec Digital UK European shares rose on Thursday, led by commodities and financials such as German insurer Allianz , but volumes were light due to a holiday in the United States. http://www.execdigital.co.uk/FTSE-seen-opening-up_11986.aspx http://www.execdigital.co.uk/FTSE-seen-opening-up_11986.aspx Fri, 28 Nov 2008 07:25:51 GMT Exec Digital UK A top banker has been recruited from Merrill Lynch to handle the sale of the government's investment of up to 28 billion pounds in a trio of banks, the company set up to manage the holdings said on Thursday. http://www.execdigital.co.uk/Merrill-banker-picked-to-sell-bank-stakes_12024.aspx http://www.execdigital.co.uk/Merrill-banker-picked-to-sell-bank-stakes_12024.aspx Fri, 28 Nov 2008 07:17:54 GMT Exec Digital UK The trade-weighted sterling index was fixed at 83.4, the highest since November 12 and recovering from the 13-year low of 80.5 hit on November 14. http://www.execdigital.co.uk/Pound-hits-2-week-high-on-trade-weighted-basis_12021.aspx http://www.execdigital.co.uk/Pound-hits-2-week-high-on-trade-weighted-basis_12021.aspx Fri, 28 Nov 2008 06:30:52 GMT Exec Digital UK Policymakers should have started cutting interest rates much sooner to help prevent an economic crisis in Britain, Bank of England policymaker David Blanchflower was quoted as saying on Thursday. http://www.execdigital.co.uk/Bank-should-have--acted-earlier--on-rate-cut_11995.aspx http://www.execdigital.co.uk/Bank-should-have--acted-earlier--on-rate-cut_11995.aspx Fri, 28 Nov 2008 03:40:50 GMT Exec Digital UK HSBC and state-owned rival Northern Rock said they had raised repayment rates on some mortgages, despite efforts by the government to encourage banks to lend more. http://www.execdigital.co.uk/Northern-Rock-and-HSBC-raise-mortgage-rates_12004.aspx http://www.execdigital.co.uk/Northern-Rock-and-HSBC-raise-mortgage-rates_12004.aspx Fri, 28 Nov 2008 02:32:50 GMT Exec Digital UK European Union governments moved on Thursday to spare consumers from "bill shock" as they agreed to cap the prices of roamed mobile phone texts and data downloading from July 2009, EU president France said. http://www.execdigital.co.uk/EU-governments-back-roaming-fees-cap_12020.aspx http://www.execdigital.co.uk/EU-governments-back-roaming-fees-cap_12020.aspx Thu, 27 Nov 2008 18:30:53 GMT Exec Digital UK LONDON - The following is a round-up of key small cap movers on the London stock market on Thursday. http://www.execdigital.co.uk/Hot-small-caps--Logica-jumps-on-new-banking-agreement_11996.aspx http://www.execdigital.co.uk/Hot-small-caps--Logica-jumps-on-new-banking-agreement_11996.aspx Thu, 27 Nov 2008 17:10:52 GMT Exec Digital UK House prices fell 0.4 percent this month as the credit crisis continued to hit the housing market, but the annual rate of decline eased slightly from October's record drop, a survey showed on Thursday. http://www.execdigital.co.uk/House-prices-fall-0-4-percent-in-November_11988.aspx http://www.execdigital.co.uk/House-prices-fall-0-4-percent-in-November_11988.aspx Thu, 27 Nov 2008 15:40:20 GMT Exec Digital UK The Financial Services Authority said it had changed its rules so as to prevent building society mergers from diluting savers' deposit protection. http://www.execdigital.co.uk/FSA-raises-deposit-protection-in-building-society-mergers_12012.aspx http://www.execdigital.co.uk/FSA-raises-deposit-protection-in-building-society-mergers_12012.aspx Thu, 27 Nov 2008 14:27:23 GMT Exec Digital UK Marketing group Aegis said on Thursday its Chief Executive Robert Lerwill would stand down at the end of the month and added that its operating results should be in line with forecasts. http://www.execdigital.co.uk/Aegis-chief-Lerwill-to-stand-down_12013.aspx http://www.execdigital.co.uk/Aegis-chief-Lerwill-to-stand-down_12013.aspx Thu, 27 Nov 2008 14:01:21 GMT Exec Digital UK JPMorgan Cazenove, a joint venture of JPMorgan and Cazenove, is to lay off almost two percent of staff on Thursday as the UK-focused stockbroker anticipates slower business next year, people familiar with the matter said. http://www.execdigital.co.uk/JPMorgan-Cazenove-cuts-2-percent-of-staff_12011.aspx http://www.execdigital.co.uk/JPMorgan-Cazenove-cuts-2-percent-of-staff_12011.aspx Thu, 27 Nov 2008 13:53:22 GMT Exec Digital UK The world's banking system is still not strong enough to support the economy and avoid a recession, the head of Britain's financial regulator told Il Sole 24 Ore newspaper in an interview. http://www.execdigital.co.uk/UK-regulator-says-world-bank-system-still-not-fit_11992.aspx http://www.execdigital.co.uk/UK-regulator-says-world-bank-system-still-not-fit_11992.aspx Thu, 27 Nov 2008 12:57:42 GMT Exec Digital UK TUI Travel , Europe's biggest travel firm, reported a 43 percent increase in full year pretax profit on Thursday and said it had increased synergy targets as it made better-than-expected progress on integration. http://www.execdigital.co.uk/TUI-Travel-FY-pretax-up_11989.aspx http://www.execdigital.co.uk/TUI-Travel-FY-pretax-up_11989.aspx Thu, 27 Nov 2008 12:51:01 GMT Exec Digital UK Utility Northumbrian Water Group said first-half profits dipped 1.8 percent on Thursday partly because of a rise of more than 50 percent in energy prices last year. http://www.execdigital.co.uk/Northumbrian-Water-profits-down-1-8-percent_11993.aspx http://www.execdigital.co.uk/Northumbrian-Water-profits-down-1-8-percent_11993.aspx Thu, 27 Nov 2008 09:27:15 GMT Exec Digital UK There is no light yet at the end of the tunnel for Europe's investment bankers, as they brace themselves for more job cuts and drastically reduced bonuses after a year of financial turmoil, a leading hiring firm said. http://www.execdigital.co.uk/Recruiters-see-a-dark-winter-for-European-bankers_11975.aspx http://www.execdigital.co.uk/Recruiters-see-a-dark-winter-for-European-bankers_11975.aspx Thu, 27 Nov 2008 09:11:13 GMT Exec Digital UK