Business Startup & Accountancy Service News in Surrey & Croydon

Business

US economic growth slows to 2.4%US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.
Strikes and ash extend BA lossesBA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
Royal Mail pension plan opposedThe Pensions Regulator is opposing a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme.
Disney sells Miramax film studiosWalt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
Airbus firm EADS lifts output aimAirbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings.
Deadline for tax credits renewalFamilies face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.
Immigrant worker limit criticisedGovernment plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London.
Sale of EDF's UK networks agreedA consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
Fugitive Nadir will stand trialFugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, confirms he will come back to the UK to stand trail on theft charges.
US sees paper profit on bail-outsAssets bought by the US to bail out AIG and Bear Stearns are showing a paper profit, the Federal Reserve Bank of New York says.
Chip sales boost Samsung profitsSamsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.
Benefits face 'radical' shake-upMerging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.
Citigroup agrees $75m fraud fineBanking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.
Jailed Enron boss requests bailThe former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.

Surrey Accountancy Services News