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Tuesday 5th August 2008
Northern Rock Set To Announce Losses Of £500 Million? While there has been a number of more positive financial stories in the press of late with regards to the mortgage sector, the latest rumours surrounding Northern Rock are suggesting that the group...
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Tuesday 5th August 2008
Barclays Decides To Shore Up Balance Sheet News that Barclays Bank has sold off its life insurance portfolio to Swiss Re for £753 million will be welcomed by shareholders as a further strengthening of the group’s core financial ratios... |
Tuesday 5th August 2008
Northern Rock Announces Loss Of £585 Million And Possible £3 Billion Present From The Treasury News that the Northern Rock has made a loss of £585 million in the first six months of the year is a little higher than the £500 million forecast we reported on just a few hours ago.... |
Tuesday 5th August 2008
Diversification Is the Name Of The Game Diversification in the investment world is something which the professionals will always preach but few of the public actually follow. Some of the excuses include a lack of funds to invest,... |
Monday 4th August 2008
Globespan Airways Fined For Flying ‘Technically Unfit’ Plane In a move which will dismay many in the world of aviation it was today confirmed that Globespan Airways, which trades as FlyGlobespan, has been fined for flying a plane between New York and... |
Sunday 3rd August 2008
Is British Airways Looking Towards A Merger With American Airlines? News that British Airways, already looking to conclude a merger with Spanish aviation group Iberia, is near closure on a deal with American Airlines has opened up the intriguing possibility of a... |
Saturday 2nd August 2008
FSA Calls Off HBOS Short Selling Investigation While the Financial Services Authority (FSA) launched an investigation into short selling and false rumours about HBOS in a blaze of glory, it has had to call a halt to the issue 5 months later.... |
Saturday 2nd August 2008
Royal Bank Of Scotland Set To Report Largest Loss In Banking History The Royal Bank of Scotland (RBS) is set to announce the largest ever loss in UK banking history this week with some analysts forecasting a lose in the region of £1 billion, but some... |
Friday 1st August 2008
British Energy Deal Collapses At Last Minute It a was billed as the way forward for the UK nuclear industry (in the hands of a French company!) and it was supposed to have been signed sealed and delivered last week, but last night saw the EDF... |
Friday 1st August 2008
Alliance And Leicester Hits Rock Bottom For those who were not sure whether the Alliance And Leicester takeover by Santander was the right move, today’s announcement that profits have been wiped out with a £209 million hit may help... |
Thursday 31st July 2008
Credit Rating Agencies Under Severe Pressure As we continue the blame game on both sides of the Atlantic it seems that the credit rating agencies are next under the hammer with EU and US officials looking at possible prosecutions. The likes... |
Wednesday 30th July 2008
Have You Kept Track Of Your Old Bank Accounts And Investments? One subject which is never very far from the lips of the regulators in the UK is the array of bank accounts and investments which have remained untouched for years, obviously forgotten about and... |
Wednesday 30th July 2008
Northern Rock Announces Job Loses In a move which has been on the cards for some time it was today announced that 1,300 staff will be losing their jobs at Northern Rock. While it is hoped that 800 will take redundancy a further... |
Wednesday 30th July 2008
Lloyds TSB Reports 70% Drop In Profits Profits at Lloyds TSB, one of the leading UK banks, fell by 70% for the first half of 2008 with the bank reporting a figure of £599 million compared to £1.99 billion for the same period... |
Wednesday 30th July 2008
Were British Airways And Iberia Forced To Merge? While the news that British Airways and Iberia were looking to merge was announced earlier this week there is a current train of thought which suggests that the merger was more of a necessity than... |
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Investments
It may seem rather unnecessary to those not in the services, entertainment and food industry but an announcement by Lord Mandelson this regarding tips received by those in the hospitality sector... 
