Europe Business News

Logitech International SA, the world's largest computer mouse maker, said it plans to cut 15 percent of its workforce and withdrew its fiscal 2009 financial targets, citing deepening global recession. "During the December quarter, the retail environment deteriorated significantly," Chief...

The retailer will announce the cuts today, The Times reported, including nearly 1,000 posts from shop floors. It also plans to cut several hundred more jobs from head office and support sectors, the newspaper said. When contacted by Sky News...

While the U.K. recession may be in its early stages, the stock-price downturn for the country's retailers may not be. Shares of department store Debenhams and clothing giant Next each rallied on Tuesday after the two groups gave updates on...

Debenhams today said profits were up on last year after the department store chain achieved a "creditable" Christmas trading performance. The group, which has 153 stores in the UK and Ireland, posted a 3.3 per cent drop in like-for-like sales...

CRH profit forecasts in line with predictions Tuesday, 6 January 2009 07:51 CRH said it expects to see pre-tax profits of over €1.6 billion for 2008 as the building industry remains tough. This compares to profits of over €1.9 billion...

According to the price comparison website only 19 mortgage lenders had passed on the full benefits of the base rate cut to their customers. The site also found that five mortgage lenders still charge a standard variable (SVR) rate of...