UK Business News

Slow sales hamper BA-Iberia deal

Falling share price and declining passenger numbers have hit airline's negotiating position, according to some analysts

Insurers halt cover for JJB Sports suppliers

Action will increase financial pressure on the company after a disputed revelation that it has broken banking covenants

• JJB Sports: The call that was never made

• JJB Sports axes 800 jobs

Way open for £700m Buncefield payout by Total

Oil company admits in High Court that explosion and ensuing fire at Hertfordshire premises could have been predicted

• Total: Chevron should share Buncefield bill

• Total 'is ducking blame for fuel blast'

Kesa turns to PPR for new chief executive

French home shopping veteran to replace Labroue in January in 'orderly handover' that is unrelated to trading woes

World Business News

Lehman staff to make millions

PricewaterhouseCoopers has arranged for key workers to work with it in the administration process, paid for by Nomura

Scramble to set up bank rescues as fear grips

Across the Continent, panic swept through the sector as bankers sought to ward off the spectre of bankruptcy

• UniCredit sells off stock in survival bid

• Europe demands US 'takes responsibility'

Investors flee emerging markets

Trading was halted in Russia and Brazil as markets dropped, reeling from the effect of the foreign investment retreat

• No sign yet that the bubble of fear will burst

• Asia stocks rebound on Australian rate cut

Bank of America to cut dividend and raise $10bn

BofA falters amid what its chief executive called 'the most difficult times for financial institutions that I have experienced'

Analysis

Bank and Government must act

It is no longer sufficient for Governor Mervyn King to say that banks are still undercapitalised, something must be done

• Energy regulator Ofgem is short of power

• A gloomy view of the 'bargain basement'

Doctors must stop their squabbling

The world's financial system needs emergency action to restore confidence. The longer that takes, the weaker it gets

Tempus: Xchanging ... Kofax ... Waterman Group

Xchanging to take 75 per cent stake in Cambridge Solutions ... Kofax shows its strength with shares ... Waterman Group sales up

Money  

How to keep your debt under control

Don't stick your head in the sand, follow our 20 tips on managing your money

• Management plans mask soaring level of debt

• Repossessions rise 40% as arrears worsen

Act now to beat fresh loan freeze

Homeowners have been warned that the mortgage logjam could last two more years even if the American bailout is voted through

• Crisis adds £600 to cost of a mortgage

• B&B slashes hundreds of mortgage jobs

Easy access savings? You must be kidding

As the financial turmoil continues we investigate the trials and tribulations faced by those who hope to get hold of their cash in a hurry

Law 

Long hours and stress drive lawyers to drink

Survey shows that alcohol abuse is 'endemic' and use of drugs is becoming more prevalent, particularly in big City firms

• Alcohol cost solicitor his home and his firm

• Lawyers earn big but good times are ending

Buncefield victims set for £700m payout

Total, the French oil giant, backs down on a key pillar of its defence against a lawsuit over the 2005 fuel depot blast

• Total: Chevron should share Buncefield bill

• Total 'is ducking blame for fuel blast'

UK decides against lower drink-driving limit

Britain to become only European country to allow motorists to have at least one alcoholic drink and be legally fit to drive

business travel 

Profile: Peter Littlewood of Bulldog

Being responsible for renaming Marathons as Snickers, he once needed a bodyguard on his travels. The men's grooming world is a safer place

Airport baristas everywhere recognise us – we walk in, look shifty and then leave

Why the clever airlines don't make us play hunt the electricity socket

Cathay Pacific opens arrivals lounge at Hong Kong

Frequent flyers on oneworld partners will also get access to showers, wifi, food and drink