2011 Archive

Insolvency Service urges young people with debt to seek help

Young people in Britain may be facing more debt than ever, but they have been advised that help is available.

Clegg hits back at France over triple-A rating euro row

Nick Clegg has hit back at French criticism of the UK economy

Nick Clegg has called comments by senior French politicians about the UK economy "simply unacceptable" as tensions ramp up between the UK and France over the veto.

IMF chief Lagarde warns of new 'great depression'

Cjristine Lagarde the head of the IMF warns that all countries are at risk from recession

The head of the International Monetary Fund (IMF) christine Lagarde has warned that the world faces the risk of "economic retraction" last seen in the 1930's.

Markets lukewarm on EU treaty deal as PM warned over UK isolation

Stock markets fall after the new EU treaty agreement

European stock markets fell on the first day of trading following agreement by 26 European Union members on a new treaty to control budgets and debt that the UK has opted out of.

Cameron defends UK's decision to opt out of new EU treaty

David Cameron has defended his decision to use the UK's veto to opt out of a new EU treaty that will impact on members budgets and spending policies.

UK vetoes EU treaty changes over Tobin tax safeguards

David Cameron has vetoed the UK joining a new EU treaty

The British Prime Minister, David Cameron has vetoed the UK joining a new European Union treaty saying that the Uk cannot accept the new treaty without safeguards.

ECB cuts interest rate to one per cent

The European Central Bank cut interest rates to one per cent today

The European Central bank has cut interest rates from 1.25 per cent to one per cent in a reversal of the policy followed by Mario Draghi's predecessor Jean-Claude Trichet.

What are alternative investments?

Alternative investments can be a safer investment in times of stock market turmoil

Simon Greenspan, former futures trader at Tullett Brown, explains the concept of Alternative Investments and why they are so important to a diverse portfolio.

Manufacturing output drop fuels UK double-dip recession fears

Manufacturing output fell by 0.7 per cent in October, according to the ONS

A sharp fall in UK manufacturing output of 0.7 per cent in October in official figures from the Office for National Statistics (ONS) makes a recession more likely.

France and Germany could lose S&P AAA credit rating

S&P has put Germany and France on 'credit watch'

Ratings agency Standard & Poor's has put 15 eurozone nations including France and Germany on 'credit watch' meaning there is a 50:50 chance their credit ratings could be cut.

HSBC hit by £10.5m record FSA fine for mis-selling to elderly

HSBC has been fined £10.5 million by the Financial Services Authority (FSA) for mis-selling investment bonds to elderly customers living in retirement homes.

CBI says high executive pay must be linked to performance

The CBI recommends that executive pay is linked to performance

The CBI has released a report that recommends high levels of executive pay must be linked to performance and that pay packages should be simplified and transparent.

EU agrees to advance Greece €8bln as debt crisis hots up

EU leaders have warned that the euro debt crisis is entering a critical phase

European leaders agreed to send Greece the next tranche of its bailout fund today and will beef up the EFSF, Europe's bailout facility, ahead of a key summit next week.

UK bank shares mirror FTSE fall after S&P ratings cuts

Shares in Barclays fell on the FTSE 100 today

Shares in HSBC,Lloyds, RBS and Barclays all fell by around two per cent today after ratings agency Standard & Poors cut the rating of 15 lenders.

OBR says only 60% chance govt will meet cuts target by 2017

The OBR predicts that the government is likely to miss its austerity targets

The Office for Budget Responsibility (OBR) has cut forecasts for growth and says it is unlikely the government will meet its own deadline on austerity targets.

Government to invest £1bn in training and jobs for young people

Nick Clegg is set to announce details of new government investment to help young people

The Deputy Prime Minister, Nick Clegg has announced plans to invest £1 billion in training, apprenticeships and work placements for up to 410,000 young people.

UBS rogue trader Adoboli remanded in custody until Dec 20th

Kweku Adoboli will appear at Southwark Crown Court on Dec 20th

Kweku Adoboli, the rogue trader who it is alleged caused his company, investment bank UBS, $2.2 billion of losses has had his case adjourned until December 20th.

The value of what a gold investment can buy you never changes

Gold is an investment that traditionally holds its value

An investment in gold is unlikely to lose value because precious metals hold value no matter what happens to currency rates or how much money is printed.

Base pay for city staff up 12% to £83,000 despite euro crisis

Pay increases for city workers have increased by 12%, according to new research

Pay in the City of London has increased to an average of £83,000, according to new figures from financial services recruitment firm Astbury Marsden.

CBI reports fall in business confidence will affect UK jobs

The CBI surveyed 122 UK business leaders who said a sharp fall in business confidence due in part by the euro debt crisis is influencing recruitment plans.

Greg Secker on the euro debt crisis: The markets are not human

Greg Secker is the CEO and founder of Knowledge to Action

Greg Secker, a former currency trader looks at the euro debt crisis and concludes that the markets are likely to undermine whatever decision Europe's leaders make.

Cameron meets Merkel to discuss debt crisis and Tobin Tax

The Prime Minister David Cameron meets the German Chancellor Angela Merkel in talks that will be dominated by the euro debt crisis and different views on the future of Europe.

Spain sees borrowing costs reach 14-year high

Concerns about Spain's debt has pushed borrowing to a high point not seen since 1997.

Mothercare posts £81m six-month loss

Mothercare has posted a six-month loss of £81 million

Mothercare has posted an £81 million six month loss due to "a weak consumer environment" and two one-off charges totalling £75 miilion.

OECD warns that all leading economies are shrinking

The OECD has stated that all major global economies are contracting

The Organisation for Economic Co-operation and Development (OECD) has issued its latest index for global economies and warns that all countries are facing a slowdown.

First | Previous | Showing 1 to 25 of 261 | Next | Last