Archive for December, 2011

What is Credit Rating?

aqua card, provider of credit cards for bad credit, has released a new infographic today which will help the UK public understand personal credit rating better.
The in-depth graphic, has been designed with the aim of explaining what affects a credit rating, how it is calculated by credit agencies and how to improve a personal credit [...]

More pressure heaped on Ocado shares

There was further misery for Ocado’s share price yesterday after the online grocer admitted it needed additional labour to cope with the Christmas rush.

MF Global set to close as sale hopes fade

MF Global’s administrator KPMG said yesterday it had received no bids for the failed broker’s remaining assets and the business would have to be closed.

Casino boss in call for more council support

A DIRECTOR of Yorkshire’s largest casino has called for council support to secure its future after suffering a drop in footfall.

‘The people’s gym’ aims to be fit for further growth as it launches Leeds site

Budget gym operator Xercise4less is to create up to 80 new jobs with the launch of one of the largest fitness clubs in Leeds and the relocation of its headquarters to the site.

Education in green power for school

Renewable energy firm Clean Energy (Yorkshire) has completed its biggest contract to date with a renewable energy installation at a large secondary school.

Maltby pit owner set to rise above problems

HARGREAVES Services said it is confident of hitting targets despite encountering geological problems at Maltby Colliery in Yorkshire.

Train fares to rise by 5.9 per cent

TRAIN fares will rise by an average of 5.9 per cent in January, the Association of Train Operating Companies (Atoc) said today.

Business Events

January 5

Europe isolation ‘risks 3m jobs’

THREE million jobs could be at risk if Britain does not stay at the heart of Europe, leading businessmen suggested today.

Tax chiefs face mauling from MPs

Tax chiefs faced a mauling by MPs today for bending rules to do favours for big firms at a cost of millions to the taxpayer then hiding the details from a watchdog.

The dangerous lure of payday loans in disguise

When is a payday lender not a payday lender?

Money Insider: Credit unions are the solution for emergency loans

Missing or being late with a couple of payments on a credit card may not seem much of a big deal to consumers at the time, but these financial indiscretions will damage their credit status and could lead to them paying through the nose for loans in the future.

FTSE LIVE: ECB quashes hopes of more bond-buying

ECB president Mario Draghi said bond market pressure on the eurozone will be ‘very significant’ early next year, but gave no hint the central bank would change tack on its bond-buying programme.

Shares plunge as Ocado delivers a profit warning

The Hatfield-based firm took the market by surprise when it said its annual earnings would come in at £27.5m to £28.5m, compared with £22m a year ago.

Customers could pay the cost of banking shake up, warn experts

It is feared the extra costs will simply be passed on to customers in the form of higher mortgage rates and lower savings interest.

Government close to sign deal with unions over public sector workers pensions

Resistance of health service union Unison and civil service union Prospect over vital Government pension reforms was crumbling last night. They said they had agreed in principle to a deal they condemned as unacceptable only last month.

End of remortgaging boom as FSA act to stop borrowers using equity release to cash in on rising prices

From 2013, anyone seeking a bigger loan will have to show they can afford the repayments and homeowners will no longer be able to bank on rising house prices to pay off the bill.

Signs UK could secure safeguards for City as EU leaders battle to raise IMF bailout cash

Germany launched a charm offensive to try to get Britain back to the EU negotiating table despite George Osborne’s refusal to contribute billions to the International Monetary Fund.

MPs reveal £25billion tax let-off for giant firms and slam ‘far too cosy’ links between bosses and HMRC

The sum owed by corporate giants is the equivalent of £1,000 for every UK family, or the equivalent of everyone paying an extra 6p on the basic rate of income tax.

MONDAY VIEW: Charity is the remedy to our economic woes

Who says there’s no room for sentiment in the harsh world of modern business? In my experience, financial whizz kids of all ages are more emotional about Christmas than the repentant Scrooge himself – says Reverend Peter Mullen.

ECB warns of a rollercoaster year ahead for eurozone

ECB chief Mario Draghi said eurozone banks and governments will need to borrow huge sums of money in 2012 to stay afloat at a time when investors are worried about lending to the region.

RUTH SUNDERLAND: Will Osborne’s banking reforms really ensure ‘it never happens again’?

The Chancellor’s announcement highlights the fact that Hester’s earlier strategy of trying to trade out of trouble through the investment bank – and continuing to pay high bonuses – has run out of road.

Insurer fined £2.8m over ‘unfair’ deals

The City regulator has hit Combined Insurance Company of America (CICA) with a £2.8 million fine for failing to ensure customers were treated fairly.

Jeff Salway: MAS would do well to take some advice of its own

ASKED to justify his £350,000 salary, the chief executive of the Money Advice Service (MAS) claimed that if he got it right, millions of people would benefit.

Investors on the hunt for low-cost trackers

A GROWING number of investors are turning their backs on highly paid fund managers who fail to hit their targets, opting for tracker funds instead. And with fund costs eating away at returns in a low growth environment, experts believe tracker funds are set to become even more popular.

Today carries highest risk of having a road accident

Today has been dubbed “Danger Day” by insurance companies after analysis of claims data revealed that car accidents are more than twice as likely to occur on this date than any other time of year.

Smoking sales for e-cigarettes

THE sale of electronic cigarettes has rocketed 200 per cent over the past year as smokers look to alternative ways of getting their nicotine fix.

In brief: First-time buyers face 17–year wait

SCOTTISH first-time housebuyers are too impatient to wait more than ten years to save up for a deposit– but studies show they will need 17 to stash away enough cash to get on the property ladder.

Where to get the best bargain gifts

A roundup of the best sources of last-minute Christmas bargains