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Diabetes to cripple NHS budget within 25 years

Stat of the day: £16.9bn. Diabetes will swallow up £16.9bn of the NHS' budgets by 2035 as the number of diabetics in the UK continues to rise.

Stat of the day: €16bn

The fortune accrued by L'Oreal heiress Liliane Bettencourt, who has just been put under the guardianship of her family after concerns about her mental health.

Philips to cut 4,500 jobs as profits dim by 85%

Amsterdam-based Philips, Europe's biggest consumer electronics producer and the largest global manufacturer of light bulbs, announces plans to axe 4,500 staff.

PFI costs put hospitals on critical list

More than 60 NHS hospitals are 'on the brink of financial collapse' because of costly private finance initiative schemes. These figures should come with a health warning...

Richard Branson limbering up for Virgin Active sale?

After umming and aahing about a float, Branson may now flog a stake in his gym chain to private equity.

Investors doomed to declining dividends

The bad news keeps coming for shareholders: their investments may not be paying dividends this year.

MT's week in 60 seconds

The best of this week's business news: hospitals reform, the internet thrives, and a royal gets to work.

Unions spoil private equity party

Power to the people? One of private equity's leading lights has been given a roasting in the US...

Darling on the ropes

Who’d be Chancellor of the Exchequer? Alastair Darling put in a robust showing on Tuesday in his first big outing since replacing Gordon Brown, but couldn’t escape opposition taunts that he had pinched most of his best ideas from them.

Chancellor looks for answers

All eyes will be on Downing Street this afternoon, where Chancellor of the Exchequer Alastair Darling is preparing to deliver his first Pre-Budget Report.

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