Peter Payack Finance

UK business investment falls by more than expected in the third quarter, according to the Office for National Statistics.

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Members of the Communication Workers Union have given strong support to plans which will cut the benefit of their pension scheme.

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Wagon Automotive closes its Walsall plant and lays off 292 workers after the UK arm of the business went into administration earlier this month.

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The newly appointed Scotland boss of the merged Lloyds bank says a sensitive approach will be taken to future staffing.

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Two of the UK’s biggest mortgage lenders, the Halifax and the Nationwide, decide not to make house price forecasts for 2009.

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Japan forecasts zero growth for the next fiscal year as the Bank of Japan cuts interest rates to only 0.1%.

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More small firms are due to take an extended festive break than at any time in 16 years, says the FSB.

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French business confidence falls to its lowest level on record, national statistics office INSEE says.

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Volatile oil prices remain a threat to the global economy, Gordon Brown warns, following the sharp fall in prices in recent months.

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Japanese electronics group Panasonic offers to buy rival and compatriot Sanyo for 806.7bn yen ($9bn; £6bn).

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