Economy
Phased rollout for new Faster Payments
APACS has confirmed plans for the launch of the new Faster Payments Service.
 
Look outside London, says BCC
The British Chambers of Commerce says that “too much attention is paid to what happens in the Square Mile and Canary Wharf”.
 
Union blamed for print job losses
Butler & Tanner, one of Europe’s leading printers, will go into receivership with the loss of 287 jobs.
 
Eos Airlines files for Chapter 11
Business-only Eos Airlines has filed for Chapter 11 bankruptcy protection and laid off most staff.
 
CFOs warned to keep grip on forecasts
Ernst & Young has launched a briefing paper for CFOs looking at the impact of the credit crunch.
 
Ecomold Limited to wind down
Employees of Ecomold Limited have been given several months notice as the firm closes.
 
OFT wins right to challenge bank charges
The Office of Fair Trading can apply consumer contract regulations to decide if bank charges are unfair, the High Court has ruled.
 
CFOs remain cautiously optimistic
Cuts in interest base rates have failed to improve the supply of credit or to reduce the cost of debt available, even for larger UK companies.
 
MPC voted 6-3 for rate cut
Monetary Policy Committee members were split mainly on the size of a rate cut this month.
 
OFT apologises and pays Morrisons
The Office of Fair Trading has settled a defamation dispute with supermarket Morrisons.
 
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