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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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VIDEO: A childcare crisis in urban India?

Category : Business

In urban India just one in every four women goes out to work, with social attitudes and a lack of opportunities partly to blame.

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Concerns raised over cash machines

Category : Business, World News

A lack of free cash machines means some people on low incomes or living in rural areas are unable to access the money they need, a report suggests.

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Poor IT skills ‘hurt young jobless’

Category : Business, World News

A lack of computer skills could be damaging the career chances of young people, the Prince’s Trust charity warns.

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Congressional Inaction on Sequestration Harms Students and Families

Category : World News

National PTA Disappointed With the Lack of a Bipartisan Solution

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Rail fiasco ‘to cost at least £50m’

Category : World News

A “complete lack of common sense” in the government’s handling of the West Coast Main Line rail bids will cost taxpayers at least £50m, MPs say.

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Stocks fall in lackluster trading

Category : Business, Stocks

After a strong start to the year, stocks have been choppy amid a lack of major economic and corporate news.

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Small Businesses Look to The Interface Financial Group for Spot Factoring

Category : World News

NSBA’s 2012 Economic Report Indicates One in Four Small Businesses Lack Necessary Capital

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‘Concern’ over first-time buyers

Category : World News

A lack of first-time house buyers in the UK is a “cause for concern”, the Nationwide says as it reports that prices in January were unchanged from a year earlier.

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Davos 2013: British CEOs among world’s most downbeat, says survey

Category : Business

Study aired at World Economic Forum shows only 22% of British bosses confident, but those of emerging markets more positive

A flat-lining economy, the government’s austerity programme, red tape and a lack of skilled workers have made Britain’s business leaders less optimistic about the future than their counterparts abroad, according to a global survey of chief executives released in Davos on Tuesday.

The annual snapshot of the mood of boardrooms to mark the start of the annual World Economic Forum, held in the Swiss alpine town, found that only 22% of the people running UK companies were very confident about growth prospects over the next 12 months.

The survey by the consulting firm PWC showed that 36% of the chief executives sampled globally were upbeat about 2013, with the most upbeat being in the leading emerging-market countries.

PWC said its research showed that UK companies were planning to spend the next year cutting costs, improving efficiency, improving service to existing customers and concentrating on the domestic market.

Chief executives in the UK said the issues that gave them most concern included the coalition’s response to Britain’s budget deficit, uncertainty about growth prospects, and the lack of stability in financial markets. But they were also aware of risks to their business from a lack of skilled workers, the dearth of available finance, and high energy costs.

Ian Powell, UK chairman and senior partner at PWC, said: “As UK businesses ride out the current uncertain period, in which ‘more of the same’ is the expectation of many economists, the question is whether the actions being taken now will equip them to adapt, grow and seize future opportunities.”

The consultancy said chief executives in Russia had expressed the most confidence about the year ahead, with 62% appearing optimistic about strong growth. But more than half the business leaders in Mexico, India, the Middle East and Africa also said they were upbeat about their prospects in 2013.

Several countries, including Spain, Italy, Switzerland, Japan and France, registered even more pessimism than the UK.

The PWC survey comes after a two-year period that has left the level of UK national output virtually unchanged and still well below the level when the recession began in early 2008.

In the attempt to keep organisations “resilient”, UK chief executives, said PWC, were looking at a number of growth areas. Of the executives, 38% see opportunities for organic growth in the home market, with 24% citing new products or services. The countries favoured for overseas growth were the US, China, France and Germany.

Ministers are keen to see UK industry expand into fast-growing overseas markets as part of rebalancing the economy, but PWC said there was little sign of this. “Perhaps surprisingly, more UK CEOs are looking closer to home and expecting greater domestic growth as their key growth opportunity. Only 14% of UK CEOs are targeting organic growth in an existing foreign market [compared with 36%

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Morrisons expected to announce Christmas sales slump

Category : Business

Forcasters predict Morrisons will reveal the worst results of the big supermarket groups, with a 2.5% drop in like-for-like sales

Morrisons is expected to report the worst Christmas trading of the big supermarket groups on Monday as the recession hits customer spending in its northern heartlands.

Economic hardship, competition from budget chains Aldi and Lidl and the lack of an online offering have prompted analysts to forecast that the country’s fourth largest grocer has suffered a 2.5% like-for-like sales decline over Christmas.

Morrisons, whose figures will be followed by other supermakets this week, has been hit by the growing popularity of online shopping. Many of its shoppers are abandoning the weekly supermarket trek in favour of home delivery, while its lack of smaller convenience stores means it is missing out on top-up food purchases.

The supermarket has suffered a tough year, with sales falling 2.1% in the third quarter of 2012. The chief executive, Dalton Philips, has said the UK is now “two countries”, with his northern customers watching their pennies, even buying two times their usual amount of bread in order to freeze it and take out a slice at a time. “People I meet in the south-east are surprised when I tell them half of our customers are checking the price of every single item,” he said last year.

John Kershaw, retail analyst at BNP Paribas, said Morrisons may have to issue a profits warning. “There is a risk that, with convenience and online startups to roll out, and with the core estate significantly underperforming, Morrisons may announce it needs to invest more in its offer,” he said.

Tesco is expected to report a revival on Thursday, leading the pack with a 1% increase in Christmas sales at stores open for at least a year, according to a poll of 10 analysts by Bloomberg.

Its figures will in part look good because of a weak Christmas 2011, when sales fell 2.3% and it was forced to issue its first profits warning in more than 20 years.

Sainsbury’s is expected to report a 0.9% increase on Wednesday, lower than the prior quarter’s 1.9% gain and behind Marks & Spencer’s food department, which may show a 1% rise on Thursday despite a 1% fall in its clothing sales.