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Bank of England set to cut rates to record low


The Bank of England is set to cut interest rates to record low this week, following poor economic data released yesterday.

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Pound continues to fall


Sterling has continued to fall against the dollar this morning after it experienced its largest percentage drop on Monday since 1992.

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Thomas Cook reports profit rise


Thomas Cook has today reported a 32 per cent rise in pre-tax profits for the year.

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FTSE 100 down 1% after Dow falls 7.7%


London started the day with further falls, following drops last night in New York and in Asia.

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Tesco sees sales growth slowing as recession fears bite shoppers


Tesco reported today a slowdown in sales growth, with UK like-for-like sales, excluding petrol, up just two per cent for the last three months.

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Offshore wind farms frustrate shipping firms


Plans to build an offshore wind farm in the path of a ferry route to the Isle of Man have attracted criticism from the Chamber of Shipping.

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FTSE 100 drops 5% as sterling falls


The FTSE 100 was down over five per cent today.


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HSBC axes 500 UK jobs


HSBC is cutting 500 jobs in the UK in an attempt to cut costs amid the economic downturn.

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Land of Leather receives bid approaches


Land of Leather has received several bids for the business as its share price dives.

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Manufacturing sector slumps


Manufacturing levels have plunged to a new low in November with new orders contracting at their fastest rate in 17 years.

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