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UK Coal in £100m fundraising plan - The UK's biggest coal producer has announced plans to raise £100m from investors to reduce its debt levels.
UK Coal runs Kellingley and Thoresby in Yorkshire, Welbeck in Nottinghamshire, and Daw Mill in Warwickshire. (full story)
Recession may be over, says Bank of England chief Mervyn King - The recession could be over, according to Mervyn King, the governor of the Bank of England.
There are signs that economic growth "has resumed" between July and September, Mr King told the influential House of Commons Treasury Select Committee. (full story)
Next lifts forecasts a second time on sales growth - Next, the high street fashion chain, today raised its full-year profit forecast for a second time after reporting better than expected interim growth.
Profits for the six months to July 31 rose by 7 per cent to £185.5 million and total sales rose £1.5 billion, up 0.7 per cent. Shares in Next rose 3.2 per cent, or 55p, to £17.54. (full story)
Climate Exchange swings to profit - Carbon emissions exchange operator Climate Exchange (CLIE.L) swung to a first-half profit as trading volumes almost doubled, but said it expected growth rates to moderate in the second half.
"Whilst we are delighted with the growth achieved in the first half of 2009, political and regulatory uncertainty may moderate our rates of growth during the second half of the financial year and we have observed lower volumes in August," the company said on Wednesday. (full story)
Ministers fear recovery will fail to reduce unemployment - Ministers are urgently drawing up measures to try to prevent a "job-lite recovery" in which unemployment continues to rise even when the economy starts to grow again.
Official figures due out today are expected to show that unemployment has risen to about 2.5 million. There are growing fears that it will remain above two million by the end of 2010. (full story)
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