APJRF

Standard Chartered Bank chairman Mervyn Davies becomes a life peer and joins Gordon Brown’s government.

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A third of employees at Seagate in Londonderry are to have their pay cut by 10% in a bid to cut costs.

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Jaguar Land Rover announces it is cutting 450 jobs, including 300 managers, due to “severe reduction in demand”.

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A plan to guarantee up to £20bn of loans to small and medium-sized firms to help them survive the downturn is unveiled.

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The biggest record shop in New York, the Virgin Megastore in Times Square, is to close in April.

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Up to 240 jobs are under threat at pharmaceutical firm Pfizer’s research and development site in east Kent.

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Airbus builds a new factory in France to assemble the wide-bodied A350 - the wings of which will be made at Filton near Bristol.

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A third of employees at Seagate in Londonderry are to have their pay cut by 10% in a bid to cut costs.

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A 200-year-old Derbyshire pottery firm is talking to union leaders about cutting back its workforce.

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Shares in transport firm FirstGroup fall 12% after it says revenues at its North American Greyhound bus business have fallen.

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