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M&S sales worst for a decade

Marks & Spencer, the country's biggest clothing retailer, reported its worst quarterly sales performance for a decade and said it would cut around 1,230 jobs in a bid to save money in a tough trading environment.

Alcoa to slash over 15,000 jobs

NEW YORK (Reuters) - Alcoa Inc <AA.N> said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminium production in the face of the global economic downturn.

Domino's Pizza says full-year profits to beat forecasts

The country's biggest pizza takeaway chain, Domino's Pizza UK & IRL <DOM.L>, said on Wednesday it is confident of delivering 2008 profits ahead of market expectations.

Retailer's sales and Taiwan exports plunge in crisis

The country's biggest clothing retailer reported its worst sales in a decade on Wednesday and Taiwan said its exports plunged the most on record, grim news belying recent optimism in world markets of a revival in the global economy.

New car sales seen down around 20 percent on the year

New car registrations in December plunged 20 percent on the year, data from the Society of Motor Manufacturers and Traders is expected to show on Wednesday, according to the BBC news web site. The web site also reported that SMMT data would show that new car registrations in 2008 as a whole fell more than 10 percent compared with 2007.

FTSE seen opening down

The FTSE 100 <.FTSE> index is seen opening down about 0.3 percent on Wednesday, according to financial bookmakers, breaking a six-session winning streak.

Scottish & Southern to place 40 million shares

Scottish & Southern Energy <SSE.L> is to place about 40 million shares to boost its balance sheet, representing up to 5 percent of its share capital, it said on Wednesday.

Bank set to cut rates to record low

The Bank of England looks set to cut interest rates by at least half a percentage point this week to their lowest level on record as it tries to prevent the economy sliding into a long and painful recession.