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 Saturday, 7 November 2009

Money

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Low-paid less likely in scheme

Last Updated : May 2009

Workers on low earnings are far less likely to belong to a company pension scheme than higher-paid employees, official figures have showed

BSKyB's £160m for Virgin channels

Last Updated : May 2009

Broadcaster BSkyB is in pole position to land a package of seven digital channels from rival Virgin Media after tabling a huge bid, it has been reported

Blacks in red amid boardwear woe

Last Updated : May 2009

Blacks Leisure has swung into the red after problems at its boardwear arm offset steady trading from its camping and outdoor clothing shops

Moss Bros sees sales improvement

Last Updated : May 2009

Menswear chain Moss Bros said sales are showing an improved trend after a surge in demand for business suits in the face of job uncertainty

Jeweller pleased with steady sales

Last Updated : May 2009

The owner of luxury jewellers Goldsmiths, Mappin & Webb and Watches of Switzerland said it had increased market share following a steady sales performance in the first quarter of its financial year

Government to help axed HP workers

Last Updated : May 2009

Work is due to begin 'immediately' to help the hundreds of people losing their jobs at computer firm Hewlett-Packard's factory in Scotland, it has been pledged

New ad rules may benefit ITV

Last Updated : May 2009

Broadcaster ITV could gain some breathing space from rules designed to protect advertisers from its dominant position, the Office of Fair Trading (OFT) said

House prices go up by 1.2% in month

Last Updated : May 2009

House prices rose by 1.2% during May as buyers continued to return to the market, figures have shown

Take control of your finances

Last Updated : May 2009

It's around this time of year that talk turns to financial hangovers, feeling the pinch and getting a financial workout

Fiat pull-out threatens Opel deal

Last Updated : May 2009

A top-level meeting on a rescue plan for car maker Opel is in jeopardy after Italy's Fiat, one of two remaining bidders for the General Motors unit, said it would not attend in a dispute over...

Low consumption hits Severn profits

Last Updated : May 2009

Utility firm Severn Trent said rising bad debts and lower water usage among cash-conscious customers had dented annual profits

Weak dollar tempts FTSE investors

Last Updated : May 2009

Commodity stocks buoyed the FTSE 100 Index as investors took cheer from more positive signs for the global economy

Vehicles scam costs consumers £3m

Last Updated : May 2009

A scam that promises vehicle sellers a match with a buyer is costing the UK consumer an estimated £3 million a year, a report has said

FTSE climbs as commodities shine

Last Updated : May 2009

Commodity stocks led the London market higher as the FTSE 100 Index looked to finish the week on a positive note

Guarantee a return for your savings

Last Updated : May 2009

Money news, advice and predictions for savers and spenders. This week: index-linked savings and travel insurance

Swinney visits firm amid job cuts

Last Updated : May 2009

Scottish Finance Secretary John Swinney is visiting computer firm Hewlett-Packard's base in the wake of huge job cuts at its manufacturing plant

Rental market 'may bottom out'

Last Updated : May 2009

The rental market showed signs of stabilising in May with average rents remaining unchanged for the first time in nine months, research has shown

Recession causing more family rows

Last Updated : May 2009

One in four families in the UK is arguing more because of the recession, new figures have suggested

Bank and mining stocks lift FTSE

Last Updated : May 2009

The London market looked set to end an uncertain week on the front foot, helped by a rally for banking and mining stocks

Mixed views on trade prospects

Last Updated : May 2009

Businesses are becoming more optimistic over trading prospects, but few plan to recruit as the recession continues to batter corporate Britain, a survey has revealed

Unions urge clampdown on 'pubcos'

Last Updated : May 2009

A leading union has attacked pub investment groups known as pubcos after claiming they have a profit margin far greater than that of leading supermarket chains

Stocks rise as commodities gain

Last Updated : May 2009

Stocks have risen in the US as investors found fresh reasons to bet on an economic rebound

Fiat pulls out of Opel talks

Last Updated : May 2009

Fiat has pulled out of talks with the German government over its bid for car maker Opel, saying that Berlin's demands on the deal are 'unreasonable'.

Wall Street fails to boost Footsie

Last Updated : May 2009

The FTSE 100 Index was stuck in the red as investor nerves continued to weigh on sentiment

Booker profits lifted by catering

Last Updated : May 2009

Cash-and-carry chain Booker has said new-look branches and a drive into the catering market helped it deliver a 30% rise in annual profits

Fashion house Lacroix comes undone

Last Updated : May 2009

French fashion house Christian Lacroix has begun insolvency proceedings after falling victim to the global recession

Hundreds of Hewlett-Packard jobs go

Last Updated : May 2009

Hundreds of jobs are to be axed after it was confirmed that Hewlett-Packard is to cease manufacturing at a computer plant in Scotland

ISA sales hit three-year high

Last Updated : May 2009

Sales of investment fund ISAs hit a three-year high during April as people were tempted to put money back into the market, research has revealed

Middle income earners 'neglected'

Last Updated : May 2009

Workers on 'middle' incomes have lost out sharply compared with better-off professionals and now fear losing their jobs and homes, a new report has warned

Sports Direct sells JJB stake

Last Updated : May 2009

Mike Ashley's Sports Direct International has offloaded its 4.8% directly-owned stake in struggling rival JJB Sports

Opec production targets unchanged

Last Updated : May 2009

Oil producers have decided to leave production targets unchanged as the price of crude remained at six-month highs

UK retail sales fall

Last Updated : May 2009

Retail sales fell in the year to May as the previous month's slight gains proved an Easter 'blip', the CBI has said.

GM decline depresses FTSE

Last Updated : May 2009

Financial stocks were among share losers on the FTSE 100 Index as investor nerves returned to drag the marker lower

Co-op mortgage sparks revival hopes

Last Updated : May 2009

The Co-operative Bank has launched a best buy tracker mortgage in a further sign that competition is returning to the market

Annuity sales set to hit new record

Last Updated : May 2009

Sales of annuities that reflect people's health or lifestyle are expected to reach a new record this year, a consultancy firm has said

Tate & Lyle 18 per cent profit fall

Last Updated : May 2009

Sugar and ingredients group Tate & Lyle has warned over uncertain prospects as it unveiled an 18% fall in underlying profits

Hogg Robinson reports profits slide

Last Updated : May 2009

Business travel group Hogg Robinson has hailed its 'resilience' amid the recession as it said efforts to help firms cut costs on corporate trips had limited a slide in profits

United beats profit forecast

Last Updated : May 2009

United Utilities said it has beaten leakage targets for the third year in a row as it posted higher than expected annual profits

Pub chain boosted by food offers

Last Updated : May 2009

Pub group Young & Co's said food promotions have helped attract consumers to its sites as it seeks to offset the impact of falling spending by recession-hit Britons

Tough tests for struggling banks

Last Updated : May 2009

The health of UK banks is being tested against their ability to withstand the worst recession since the Second World War, the City watchdog has said

Wolseley braced for tough times

Last Updated : May 2009

Heating and plumbing giant Wolseley has warned 'extremely challenging' conditions are set to linger until early next year as profits tumbled by nearly 90%

Latest cool restaurant deals

Last Updated : Thursday, 28 May 2009, 12:40 GMT

ASK Get two main meals for the price of one at ASK restaurants, from Sunday to Thursday. The cheapest course is free. The voucher can’t be used with the set menu and only one voucher can be used per...

Bank's offshore arm in liquidation

Last Updated : May 2009

The offshore arm of an Icelandic bank has been put into liquidation, paving the way for compensation payouts for savers

Mortgage lending at eight-year low

Last Updated : May 2009

Mortgage lending slumped to an eight-year low during April but there are further signs that activity in the housing market has stabilised

Workers saving less into pensions

Last Updated : May 2009

Consumers are shunning pensions in the face of investment volatility and the current economic uncertainty, figures show

Pound pushes through 1.60 USD mark

Last Updated : May 2009

Travellers to the US were given a boost as the pound pushed through the 1.60 dollar mark for the first time in seven months

Make money from the elections

Last Updated : Thursday, 28 May 2009, 10:55 GMT

Are you short of cash and free on June 4th? You can make quick and easy money from being a poll clerk in the European elections. Polling stations have to be fully staffed and you can earn up to £250...

Millionaires return to 2003 levels

Last Updated : May 2009

The number of millionaires in the UK has returned to 2003 levels due to the slump in property and share prices, a report has revealed

Slumping bond prices hit US stocks

Last Updated : May 2009

The US stock market put its rally back on hold as investors grew worried about rising borrowing costs

GM decline drags down FTSE

Last Updated : May 2009

A mood of caution returned to the London market after the FTSE 100 Index followed Wall Street lower in the first hour of trading

Plan to restore economic stability

Last Updated : May 2009

Plans for Europe-wide supervision of banks and financial bodies will not threaten 'day-to-day' national control, the president of the European Commission has insisted

B&Q to offer home furniture range

Last Updated : May 2009

DIY chain B&Q is taking on the home furnishing sector with plans to offer sofas and chairs for the first time, the group has announced

Oil prices hit new high

Last Updated : May 2009

Oil prices rose to a new six-month high ahead of the meeting of the Opec oil cartel in Vienna

FTSE struggles despite good signs

Last Updated : May 2009

The FTSE 100 Index has struggled to make headway in spite of a raft of broker upgrades and signs of life in the DIY sector

Revival hopes boost ITV shares

Last Updated : May 2009

ITV shares have climbed after an analysis of the media sector reversed previous dire predictions for television advertising

Shell confirms major restructuring

Last Updated : May 2009

Oil giant Royal Dutch Shell has confirmed a major restructuring and boardroom overhaul in a move affecting about 24,000 staff

Topps sees sales decline slow

Last Updated : May 2009

Embattled tile and flooring chain Topps Tiles has reported plunging half-year profits, but offered cheer as recent sales showed signs of improvement

More money sector complaints upheld

Last Updated : May 2009

The number of complaints being upheld against financial services firms has soared during the past year, figures have shown

Faster Payments Service growing

Last Updated : May 2009

The Faster Payments Service has processed more than 180 million payments worth just under £70 billion since it was first launched a year ago

Supermarkets offer record discounts

Last Updated : May 2009

Supermarkets are luring customers with record levels of discounting as shoppers plan to keep their budgets squeezed even after the recession, according to new figures

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Insolvencies hit record high

 Mounting numbers of indebted Britons have sent personal insolvency figures soaring to a new high as more people succumb to the recession.
Mounting numbers of indebted Britons have sent...
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Five buyers chasing every...

 There are five potential buyers chasing every property on the market as demand continues to outstrip supply, research has shown.
There are five potential buyers chasing every...
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National debt could grow by...

 The financial crisis is likely to add up to £1.5 trillion to the national debt, the Office for National Statistics (ONS) said.
The financial crisis is likely to add up to...
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Northern Rock cuts loan rates...

 Nationalised bank Northern Rock has cut its mortgage rates for the fourth time in just over a month.
Nationalised bank Northern Rock has cut its...
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More car dealers close in...

 Insolvencies among UK car dealers have doubled this year, according to a new report.
Insolvencies among UK car dealers have doubled...
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RBS posts third-quarter losses

 Part-nationalised Royal Bank of Scotland (RBS) has posted third-quarter losses of £1.53 billion despite slim signs of improvement at the beleaguered business.
Part-nationalised Royal Bank of Scotland (RBS)...
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Plans to cut legal aid fees...

 Government plans to slash legal aid fees to barristers would be disastrous, the chairman of the Bar Council has warned.
Government plans to slash legal aid fees to...
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Savings accounts 'have rates...

 A tenth of savings accounts have had their interest rates cut during the past six months despite the Bank of England base rate being kept on hold, research has shown.
A tenth of savings accounts have had their...
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Pensions safety net deficit...

 The pensions safety net has seen its funding deficit double during the past year as a record number of pension schemes needed bailing out, according to a report.
The pensions safety net has seen its funding...
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Pay freezes set to end next year

 Pay freezes are unlikely to continue next year as optimism over the state of the economy gathers pace, a new report has predicted.
Pay freezes are unlikely to continue next year...
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Insolvencies hit record high

 Mounting numbers of indebted Britons have sent personal insolvency figures soaring to a new high as more people succumb to the recession.
Mounting numbers of indebted Britons have sent...
rssModule
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Five buyers chasing every...

 There are five potential buyers chasing every property on the market as demand continues to outstrip supply, research has shown.
There are five potential buyers chasing every...
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