Tree subsidence danger highlighted
Homeowners are being warned about the potential subsidence dangers caused by planting trees too close to their homes.According to Halifax Home Insurance, planting trees too close to homes accounts for the majority of subsidence claims dealt with by insurers.In extreme cases, subsidence can cause major structural damage to homes, however paying special attention to the trees and vegetation around a property can go a long way towards reducing the risk of a subsidence problem."When people plant trees they plant them as young saplings in the garden and obviously they are going to prove no problem whatsoever till after a good number of years," Neil Curling, spokesperson for Halifax Home Insurance said."Regardless of whether the present incumbents stay in the house long enough they have set in motion a chain of events which can lead to subsidence."People do plant trees too close to houses and they bring about the majority of subsidence insurance claims that we face," he added.Most people are insured for subsidence in their home insurance policy, even if they planted the offending tree themselves.
Greek authorities receive pledge of support from EU
Greek banking stocks have risen sharply today after confirmation that the EU will offer financial and practical assistance to the Greek government as the banking crisis continues to cause problems for the wider economy. While the Greek authorities have denied rumours that they will require bailout funding from the EU, insisting they can fight the fight themselves, it does offer much-needed support...Read More
Centrica Confirms That A Possible Bid For British Energy Is Being Discussed
Even though it has been rumoured in the news of late, it has taken a push from the Takeover Panel to force Centrica to admit that it has been looking at a number of alternatives with regards to British Energy, if the failed bid by EDF cannot be revived. While the British Government is said to be active behind the scenes, looking to get the deal back on, it seems as though Centrica is just waiting...Read More
Government to crack down on "Phoenix" insolvency deals
The UK government has announced plans to crack down on a loophole in insolvency laws which has seen many creditors lose out while healthy parts of a fallen business can often be sold on to former directors. These so-called "pre-packed" administrations are becoming more prominent as UK businesses continue to struggle with healthy areas of the business often sold on very quickly to former directors....Read More
IMF set to issue $1 billion loan to Ghana
The International Monetary Fund (IMF) has today confirmed that over $1 billion will be issued to the government of Ghana in order to stabilise the fragile economy. The country has seen a significant drop in the exchange rate, the budget deficit balloon out of control and an economy which is struggling more than most in the worldwide recession.
Ghana is the second largest cocoa produ...
What Is An Underwriter? (Part One)
Underwriters are very common in investment markets especially stock markets and insurance markets although the specific role of the two does differ. In affect an underwriter will take some of the risk from a share issue or other financial transaction in return for a commission (payment).
Stock Market Underwriter
When a company is looking to raise funds for expansio...