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Retail sales fall less than expected in October

Retail sales fell less than expected in October and the public finances showed their first deficit for the month since 1994, official data showed on Thursday.

Bank's Dale says could cut rates again

The Bank of England will cut interest rates further if needed to ensure inflation meets its 2 percent medium-term target, Bank Chief Economist Spencer Dale said in a newspaper interview published on Thursday.

Santander's UK investors unable to take up rights

Santander's <SAN.MC> 1.8 million private UK shareholders will not be able to participate in the Spanish bank's 7 billion euro (5.9 billion pounds) rights issue as there is not enough time for them to take part, it said on Thursday.

Darling to help small businesses

Chancellor Alistair Darling is set to introduce measures next week aimed at helping small companies secure finance and insurance amid signs of a lending slowdown, the Financial Times said on Thursday.

FTSE slides as demand worries knock commodities

The top share index fell 1.8 percent early on Thursday as a raft of weak data led to a rout in Asian and U.S. stocks, undermining already shaky confidence, with commodity stocks hit by a slide in raw material prices.

Rolls-Royce to slash jobs worldwide

Engine maker Rolls-Royce will shed between 1,500 and 2,000 jobs worldwide next year and is already in talks to cut 140 posts in Britain where there has been a string of job losses in recent weeks.

IMF-led Iceland package to total 6.8 billion pounds

The International Monetary Fund-led loan package to crisis-hit Iceland totals $10.2 billion (6.82 billion pounds), a Finnish government official said on Thursday.

Small Caps down 1.1 percent early

The following is a round-up of key small cap movers on the London stock market on Thursday.

Economic misery spreads worldwide

Global economic misery spread on Thursday with the Federal Reserve predicting U.S. recession well into 2009, Japan's exports to Asia falling for the first time in six years and another sharp sell-off on global equity markets.