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Troubled Zavvi closes 22 stores

Administrators for music retailer Zavvi are closing 22 stores with the loss of 178 jobs

5:03pm Thursday 8th January 2009

Almost 180 staff at troubled music retailer Zavvi have lost their jobs after administrators closed 22 stores.

New problem renews rail nightmare

Power failures have once again hit rail services

5:03pm Thursday 8th January 2009

The nightmare is continuing for travellers on a key London to Scotland rail route after yet another overhead power problem led to delays.

£53m robbery trial jury discharged

More young offenders are being jailed than experts recommend, figures show

5:03pm Thursday 8th January 2009

A jury trying a cage fighter alleged to have been "at the heart" of Britain's biggest cash robbery was discharged after failing to reach a verdict.

Mechanical theory in 'UFO mystery'

The wrecked wind turbine on farm land at Conisholme, Lincolnshire

5:03pm Thursday 8th January 2009

The mysterious severance of a wind turbine blade may have been caused by a mechanical failure, an expert said.

Madoff investigation launched in UK

Bernard Madoff, chairman of Madoff Investment Securities

5:03pm Thursday 8th January 2009

An investigation has been launched into the British activities of alleged multi-billion-pound fraudster Bernard Madoff.

Interest rate cut to historic 1.5%

The Bank of England has cut interest rates to an historic low of 1.5 per cent

5:03pm Thursday 8th January 2009

Interest rates were slashed to their lowest level ever as the Bank of England threw another lifeline to the UK's ailing economy.

Car giant Nissan to axe 1,200 jobs

Car giant Nissan is to axe 1,200 jobs

5:03pm Thursday 8th January 2009

Car giant Nissan is to axe 1,200 jobs in the wake of the economic slowdown which has hit the motor industry hard and led to sales slumping, the car giant has announced.

Gaza 'ceasefire' to allow aid in

An Israeli tank advances along the Israel-Gaza border

5:03pm Thursday 8th January 2009

Israel has said it will halt its military action in Gaza for three hours to allow Gaza residents to stock up on supplies.

Brown pledge to get banks lending

Gordon Brown has urged banks to start lending more freely

5:03pm Thursday 8th January 2009

Gordon Brown has promised further measures in the weeks ahead to get banks lending again, warning that a "vital" function was currently lost to the country.

Man Utd's Ronaldo crashes Ferrari

A crashed Ferrari car allegedly driven by Cristiano Ronaldo near Manchester Airport

5:03pm Thursday 8th January 2009

Manchester United footballer Cristiano Ronaldo walked away uninjured after writing off his Ferrari sports car in a crash.


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