Business news for Mon, 31 Dec 2007 & with word pressure. 6 news.

Pressure on the Bank of England to cut interest rates again next week rose today when further evidence arrived of a decline in the economy

FT.com - London equities ended the last session of 2007 with a fall - the FTSE 100 closed 20 points lower at 6,456.9, a loss of 0.3 per cent, dominated by resource stocks.

FTSE 100 rises 4% during 2007, but loses 7-year highs in the wake of crisis on wholesale credit markets

Oil prices ended the year near $96 a barrel, or 57 percent higher than where they began, and analysts expect rising demand and geopolitical instability to keep upward pressure on energy costs early in 2008.

The dollar remained under pressure against its major trading partners following weak housing data on Friday which which added to investors' fears that the American economy may sink into recession

The world's major banking groups are facing unprecedented pressure to repair balance sheets and restore their liquidity as the ongoing credit crisis shows few signs of easing. Conventional commercial pressures are also refusing to go away.