Citigroup takes ownership of EMI

Debt-laden UK music company EMI falls into the hands of US banking giant Citigroup after a long period of wrangling.

Pfizer to close UK research site

Drug maker Pfizer is to close its research facility in Kent, raising concerns that the UK is losing much-needed highly-skilled jobs.

BP reports annual loss of $4.9bn

The cost of cleaning up the Gulf of Mexico oil spill pushes BP into its first annual loss since 1992, but the firm restores dividend payments.

Debt advice stops as funding ends

Hundreds of debt advisers in England and Wales stop taking on new cases because their funding is to be axed next month.

Container ships ‘avoiding’ Egypt

The unrest in Egypt leads to some container ships being re-routed as vessels look to bypass Egyptian ports.

Dip in house prices and mortgages

New figures show falls in both mortgage approvals and house prices, marking a slow turn of the year in the housing market.

Premier League clubs spend £225m

Premier League clubs spent a record £225m in the January transfer window, a report by accountants Deloitte says.

Manufacturing growth at ‘record’

UK manufacturing expanded at its fastest pace since records began in 1992, according to a survey by the CIPS.

MPs condemn ‘flawed’ tax system

MPs publish a scathing attack on the UK tax authority’s “mismanagement” which led to unexpected tax demands for millions of people.

US factory output sees rapid rise

US factory output increased at its fastest pace in seven years last month, the Institute for Supply Management says.