Business News and Events

HSBC confirms 500 UK jobs to go
Banking group HSBC confirms it is cutting 500 jobs across the UK, following a review of the business and the current economic conditions.

RBS offers to delay repossessions
The Royal Bank of Scotland will allow defaulting customers six months' grace before taking any legal action against them.

Mortgage approvals still falling
Mortgage approvals drop again in October, official figures show, suggesting that house sales and prices have further to fall.

Ryanair in new Aer Lingus offer
The budget airline Ryanair makes a fresh 748m euro ($950m; £619m) takeover offer for the Irish flag-carrier Aer Lingus.

TNK-BP's under-fire boss resigns
BP's Russian joint venture, TNK-BP, confirms that its under-fire chief executive Robert Dudley has resigned with immediate effect.