Royal Mail stake to be sold off, George Osborne announces

The government's remaining 30% stake in the Royal Mail is to be sold and £3bn cut from government spending this year,

George Osborne has said.

Virgin Money delays float amid global market turmoil

Virgin Money has pushed back plans for a £2 billion flotation following a week of market turbulence.

Rolls-Royce Portsmouth naval plant to close

Rolls-Royce is to close its manufacturing plant in Portsmouth.

Telecom commission puts off divestment plans in TCIL

KOLKATA: The Telecom Commission has postponed the divestment plans in Telecommunications Consultants India (TCIL) as it is actively considering the proposals to raise cash by exiting Bharti Hexacom — in which TCIL holds 30% — a top TCIL executive told ET.

Barratt says market 'most positive for five years'

Housebuilder Barratt Developments has said market conditions are "the most positive we have seen for five years".

Honda to cut 800 jobs in Swindon

Honda is planning to cut 800 jobs at its Swindon plant, blaming weak demand across Europe. The Japanese carmaker, which began manufacturing there in 1992, has been hard hit by the eurozone crisis.

Jaguar Land Rover expects 'positive' 2013 in UK

LONDON: Premium automaker Jaguar Land Rover said UK vehicle sales rose 19.7 per cent in 2012 and new launches meant its outlook for 2013 was "positive".