'DIY' holidaymakers risk travel cover
Around eight million UK tourists risk being stranded during the summer because they are not covered by Air Travel Organisers' Licensing (Atol) travel protection.Most traditional travel agents automatically cover holidaymakers with Atol protection, which should ensure that tourists are escorted home and reimbursed should their agent cease trading.'DIY' tailored holidays from independent agents do not always offer this scheme, yet 39 per cent of holidaymakers booked this kind of holiday last year where a decade ago 97 per cent of holidays were booked through conventional agents.David Clover, spokesman for Atol, said on Channel 4's News at Noon that he was concerned that a new survey by the Civil Aviation Authority showed that a third of holidaymakers mistakenly believe they are covered by the Atol scheme when booking independently.Mr Clover said: "Atol provides full financial protection if anything goes wrong with the travel company, that means they'll get their full refund or be repatriated back to the UK if the tour operator goes bust.He warned of the importance of making sure you have adequate travel insurance, saying: "If you do a DIY holiday then there are real risks people will be stranded abroad or will lose out financially."
Morrisons launch price match loyalty card
03/10/2014 Morrisons have launched a new loyalty card as it tries to compete with the low prices offered at Aldi and Lidl. The retailer says its Match & More loyalty card will provide a price match guarantee against Aldi and Lidl as well as Tesco, Sainsbury’s and Asda. If a shopping basket is cheaper than any of these rivals, the difference will be calculated by Morrisons and 10 points pe...Read More
Legal and General attracts short selling
Continued speculation that Legal and General will need to tap the market for additional funds in the short term has further undermined the shares today. Despite assurances from the group that it has in excess of £1.6 billion available to cover any potential shortfall, as well as news that the credit default assumption has been increased by £650 million, this has done nothing to calm market nerve...Read More
Virgin: Footy fans spend big on support
Football fans spent over £1,000 on following their team last year, Virgin Money has revealed.According to the firm, Premiership supporters spent an average £1,331 on tickets and merchandise - with fans of lower-league teams just behind on £1,080.Virgin Money also found that the ticket expenditure of 12 per cent of top division match-going supporters exceeded £3,000 last year.In total, the foot...Read More
Could problems in the Eurozone hamper the UK economic recovery?
While officially the UK economy moved out of recession in the final quarter of 2009 there are concerns as to whether the 0.1% increase in economic activity will be downgraded in the short term. On the back of this we now have significant issues within the Eurozone with the Greek economic collapse set to spread to areas such as Spain, Portugal and possibly elsewhere. There is growing concern that w...Read More
Standard Chartered puts aside £750 million bonus pot
Banking giant Standard Chartered has today announced profits of £3.4 billion which is a 13% increase on the previous year. However, the company has also announced plans to put aside a £750 million bonus pot which again puts the UK banking sector in the spotlight. However, Standard Chartered is slightly different to the rest of the UK banking sector as its main focus is Asia where it is a very pr...Read More