Celtic tiger tamed by credit crunch
15.59 Thu Sep 25 2008
New figures have shown Ireland has officially fallen into recession.
Retail sales fall less than expected
11.44 Wed Sep 24 2008
British retail sales fell for a sixth consecutive month in September but the fall was less than analysts had expected.
HBOS extends losses
16.02 Tue Sep 16 2008
Shares in Halifax Bank of Scotland have continued to nosedive after it found itself the biggest casualty of the Lehman Brothers collapse.
Morrisons meets forecasts
07.50 Thu Sep 11 2008
Morrisons has said its value ranges had helped it bring in half a million more customers every week.
Credit crunch 'could last 18 months'
17.17 Sat Sep 06 2008
The credit crunch could last another 18 months, the head of Britain's largest mortgage provider has said.
Consumer confidence still at record low
11.50 Wed Sep 03 2008
Consumer confidence remained at a record low during August as people worried about the current economic situation and jobs.
Brown and Darling 'rift' denied
22.54 Sun Aug 31 2008
Gordon Brown fully agrees with the Chancellor's dire assessment of the UK economic outlook, a Cabinet minister has said.
Employers 'freezing recruitment plans'
12.16 Sun Aug 31 2008
Three out of four employers are freezing their recruitment plans because of the effects of the economic downturn.
House price drop 'biggest for 18 years'
23.08 Thu Aug 28 2008
House prices are falling at their fastest rate for nearly 18 years as potential buyers stay away from the market, figures have revealed.
Workers fear job losses during crunch
09.18 Thu Aug 28 2008
More than 3 million workers fear they will lose their job in the next year because of the economic slowdown.
Housebuilder's profits plummet 96%
09.14 Wed Aug 27 2008
Housebuilder Taylor Wimpey has said its first-half underlying profits dived 96 per cent to £4.3 million amid the housing market downturn.
Mortgage approvals down 65% year-on-year
09.51 Tue Aug 26 2008
The number of mortgages approved for house purchase in July was almost two-thirds lower than a year ago, figures show.
Housing downturn hits Halifax
10.21 Fri Aug 22 2008
Halifax Estate Agents is closing 53 of its branches as a result of the housing market downturn.
Personal debt exceeds Britain's GDP
09.02 Fri Aug 22 2008
Personal debt in the UK is higher than the income generated by the country as a whole.
HBOS to axe 425 jobs
09.15 Thu Aug 14 2008
HBOS, the country's biggest mortgage lender, is axeing up to 425 jobs amid a shrinking loan market and a drop in house prices.
Bellway profit margins hammered
08.47 Thu Aug 14 2008
Profit margins at Bellway are being chipped away as the housebuilder is forced to slash property prices to help cash-strapped buyers.
'Credit crunch' debuts in dictionary
08.26 Thu Aug 14 2008
The words credit crunch, food miles and wardrobe malfunction have made it into The Chambers Dictionary.
FSA warns of economic downturn
13.56 Sat Aug 09 2008
The Financial Services Authority has warned the financial services industry to brace itself for the possibility of a downturn.
RBS reports losses of £692m
08.42 Fri Aug 08 2008
Royal Bank of Scotland has reported losses of £692 million for the first half of 2008.
Barclays suffers 33% profits slump
10.26 Thu Aug 07 2008
Barclays has suffered a 33 per cent first-half profits slump thanks to £2.8 billion of credit crunch write-downs.
Clinton backs 'big-brained' Brown
10.07 Tue Aug 05 2008
Former US president Bill Clinton has given Gordon Brown his backing, saying he is a man with a "big brain and a good heart".
Insolvencies on the decrease
10.11 Fri Aug 01 2008
The number of people declared insolvent in England and Wales has fallen by 8 per cent during the past year
HBOS takes £1.1bn credit crunch hit
09.28 Thu Jul 31 2008
Halifax Bank of Scotland has taken a £1.1 billion hit from the credit crunch halving underlying interim pre-tax profits.
Mortgage approvals dive
14.21 Tue Jul 29 2008
Mortgage approvals dived by nearly 70 per cent during the past year to hit a new low, figures have shown.
Bush in 'Wall Street got drunk' clanger
10.25 Thu Jul 24 2008
President George W Bush has explained the global credit crunch by saying "Wall Street got drunk".
Sand hotel welcomes guests
16.58 Wed Jul 23 2008
The world's first sand hotel has 'opened' charging its first guests £10 a night.
Firms 'go green' to beat credit crunch
09.52 Tue Jul 22 2008
Companies are focusing on energy efficiency as a cost-saving measure to beat the credit crunch.
Mortgage lending slumps
11.44 Fri Jul 18 2008
Banks and building societies advanced a total of just £23.8 billion during June, the lowest level since February 2006.
Burberry sales continue to boom
10.14 Tue Jul 15 2008
Burberry has continued to see booming sales despite the credit crunch, revealing a 26 per cent hike in first quarter revenues.
JCB announces job cuts
23.18 Mon Jul 14 2008
More than 500 jobs are being axed at digger giant JCB after a "rapid decline" in business.
Holiday costs soar
17.05 Sat Jul 12 2008
The credit crunch has increased the cost of a two-week family holiday by £300.
Pensioners hit by soaring costs
07.39 Sat Jul 05 2008
Pensioners have seen the cost of the goods and services they use soar by more than a third.
Internet users at risk from cyber fraud
10.41 Tue Jul 01 2008
UK internet users are increasingly at risk from fraudsters using financial spam to take advantage of the credit crunch.
ScS shares suspended as talks held
09.11 Mon Jun 23 2008
Shares in struggling furniture retailer ScS Upholstery have been suspended as the company thrashes out a rescue deal.
Bear Stearns pair 'to fight charges'
13.32 Fri Jun 20 2008
Two former Bear Stearns employees have been indicted on conspiracy and securities fraud charges over the collapse of two hedge funds.
House prices 'face fall of 9%'
11.22 Thu Jun 19 2008
Property prices are likely to fall by 9 per cent this year, Halifax Bank of Scotland has warned.
RBS 'very much open for business'
09.37 Wed Jun 11 2008
Royal Bank of Scotland says it is "very much open for business" despite a warning over tougher market conditions.
Nationwide to raise mortgage rates
16.13 Mon Jun 02 2008
Nationwide Building Society said from Tuesday it is increasing the cost of fixed-rate mortgages by up to 0.3%.
Furry victims of credit crunch
07.55 Wed May 21 2008
Dogs and cats are being handed into rescue centres in record numbers because their owners can no longer afford to keep them.
Crunch hits spending habits
10.42 Mon May 19 2008
The credit crunch is forcing almost half of people to change their spending habits, a survey has shown.
Credit crunch hits middle classes
13.15 Sun May 18 2008
A debt advice charity says it cannot cope with demands for help in some of the most affluent parts of the country.
Barclays' £1bn credit crunch hit
10.54 Thu May 15 2008
Barclays has revealed a further £1 billion loss on assets thanks to the credit crunch.
HSBC takes £3bn credit crunch hit
11.10 Mon May 12 2008
Banking giant HSBC has warned of economic recession in the US after announcing an extra £3 billion in credit crunch losses.
RBS launches £12bn rights issue
08.24 Tue Apr 22 2008
The Royal Bank of Scotland is launching a £12 billion rights issue to try to steady its finances.
RBS reports £10.3bn profit
10.08 Thu Feb 28 2008
Royal Bank of Scotland has unveiled profits of £10.3 billion despite suffering more losses in the credit crunch.
Barclays profits slip to £7.08bn
09.33 Tue Feb 19 2008
Banking giant Barclays has posted a dip in profits to £7.08 billion after a £1.64 billion bite from the global credit crunch.
King warns of further credit squeeze
23.57 Thu Nov 29 2007
The Governor of the Bank of England has warned the global credit crunch could get worse.
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