Hibernian Group owner Aviva warned of up to 1,800 redundancies today as part of a restructuring of its general insurance arm over the next two years.

Nationalised British mortgage lender Northern Rock today began consultations with unions and staff regarding plans to axe 2,000 jobs.

Northern Rock shareholders are to reveal details today of their plans to take legal action over compensation.

Virgin warned today that job losses are likely at Northern Rock if it wins control of the stricken bank.

Crisis-hit British bank Northern Rock edged back from the brink of nationalisation today after the Treasury unveiled new funding guarantees to support a private sector rescue.