NEW OIL ROUT SENDS STOCK MARKETS FALLING
Brent crude fell below $53 a barrel for the first time in five and a half years yesterday, sending equity markets into turmoil.
The FTSE 100 had its worst first Monday of the year on record, falling 2pc, as fears about the Greek situation also intensified. Read more here
RANGERS REJECTS US TAKEOVER
Scotland’s sleeping football giant said it had received an £18m bid from Robert Sarver, the US entrepreneur who has owned two American basketball teams.
This morning, Rangers has rejected the bid. But in a separate statement, Mr Sarver says he is looking forward to “building a consensus among supporters”. More on this morning’s news
MORE THAN 1,500 JOBS AT RISK AT BANK FASHION
The clothing store became the first high street name to call in administrators following the Christmas rush yesterday, in what could be the first in a wave of high street collapses.
The company, owned by turnaround specialist Hilco, has around 1,555 employees now facing possible redundancy. Graham Ruddick with the story
CITY LINK STARTS TO SELL OFF ASSETS
Less than two weeks after the delivery company fell into administration, City Link is starting to sell off assets as private equity owner Better Capital attempts to recoup some of its money.
DX, the delivery logistics group, says it has bought various equipment for £1.125m, and that it is doing all it can to provide former staff with jobs. Read more here