General Business News (Incl Video)
Woolies is to be relaunched as an online retailer by new owners Sir David and Sir Frederick Barclay (also the owners of the Telegraph). I'll have a fivers worth of pick 'n' mix please lads to give you a bit of a start like.
GlaxoSmithKline is the latest company expected to announce big job losses, around 6,000 will go according to several of the Sunday papers at the weekend.
India is tomorrow set to launch a laptop computer costing just £7 according to the Times. I can only assume that they are going to make their money by keeping you on hold three days whilst trying to get through to the helpline.
The FTSE is down nearly 2% in early trade with Barclays leading the way, 8.2% lower at 97.40 pence, still a darn sight better than a week or two ago.
Moody's cut its long-term ratings on Barclays by two notches to Aa3, citing expectations for "significant" further losses due to credit-related writedowns.
The pound is down sharply against the dollar at $1.42 ahead of another anticipated interest rate cut by the BoE Thursday.
GlaxoSmithKline is the latest company expected to announce big job losses, around 6,000 will go according to several of the Sunday papers at the weekend.
India is tomorrow set to launch a laptop computer costing just £7 according to the Times. I can only assume that they are going to make their money by keeping you on hold three days whilst trying to get through to the helpline.
The FTSE is down nearly 2% in early trade with Barclays leading the way, 8.2% lower at 97.40 pence, still a darn sight better than a week or two ago.
Moody's cut its long-term ratings on Barclays by two notches to Aa3, citing expectations for "significant" further losses due to credit-related writedowns.
The pound is down sharply against the dollar at $1.42 ahead of another anticipated interest rate cut by the BoE Thursday.
