Gold has fallen 8.5% to $1,416 an ounce, its lowest level in two years, as fears of high inflation recede.
Gold is traditionally bought by investors to protect against inflation, which erodes the value of cash investments.
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Sales of PCs have been hit by the biggest decline in 20 years thanks to consumers increasingly choosing tablet computers over their less portable counterparts.
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The number of UK households in debt to energy suppliers has gone up by more than one million in just 12 months.
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Swindon-based Ubiquisys will soon be part of Cisco in a $310m (£205m) buyout. The networking colossus has, in effect, snapped up more than 50 customers wanting small cellular base stations and the technology they want.
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Unemployment has increased for the first time in a year, delivering a pre-Budget blow to the Government.
The jobless total jumped by 7,000 to 2.52 million, ending a run of reductions, with all the increase caused by more 18 to 24-year-olds becoming unemployed.
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A £2bn investment to keep aerospace technology as the UK’s “jewel in our crown” has been announced.
Some 115,000 jobs will be secured as the funding, over a seven-year period, is provided by the government and the aerospace industry.
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Lloyds Banking Group is cutting a further 550 jobs, sparking a renewed attack on the bank’s employment strategy by Unite.
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LONDON — Britain’s manufacturing output slumped by 1.5 percent in January compared with December, official data showed on Tuesday, dealing a fresh blow to the country’s hopes of avoiding a fresh recession.
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Tesco is stepping up the supermarket price war by offering customers money-off coupons worth up to £10 if they could have bought their shopping for less at a rival.
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Google’s hardware arm, Motorola Mobility, is to slash 1,200 jobs in the latest round of redundancies at the struggling manufacturing business.
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