Churchill and Direct Line soon to be for sale?

April 23, 2008

Two of the Royal Bank of Scotland's (RBS) insurance businesses, Churchill and Direct Line are rumoured to be being considered for sale. RBS have also recently asked shareholders for up to £15bn to help with capital. A sale of Churchill and ...

Npower investigated over selling tactics

April 23, 2008

Energy regulator Ofgem have announced the probe after reports of the company's sales representatives mis-selling energy contracts. The inquiry was prompted after an undercover reporter claimed Npower's door to door salespeople were using "dirty tricks" such as pretending to be from ...

Vodafone tops Most Powerful Brands list

April 22, 2008

The mobile phone giant has come 11th in the top 100 most powerful brands. This makes it the top UK company beating Tesco and HSBC. Vodafones position at 11this up 12 places from last year. The Brandz Top 100 is an ...

Co-op set out to buy Somerfield

April 18, 2008

The Co-operative Group has said it is in talks about buying Somerfield. The Co-op who are the fifth largest supermarket chain in the UK, have said that they believe there would be a "strong fit" between the two companies. The company has ...

Royal Bank of Scotland ask for billions

April 18, 2008

The second largest bank in the UK, Royal Bank of Scotland, are reported to be planning to ask its shareholders for up to £12bn. It has been suggested that RBS have taken these steps to repair the damage that bad ...

E.on – no plans to bid for British Energy

April 17, 2008

The German firm E.on has, according to reports from Germany, no plans to bid for the nuclear power station operator British Energy. E.on was expected to be a major contender for the British Energy group. British Energy have said that they ...

Ebay profit boost due to weak dollar

April 17, 2008

The online auction site Ebay have seen profits rise to $459.7m in the first three months of 2008 from $377.1m in the same period a year earlier. This is a 22% rise, the weak dollar helped boost the company's international ...

Woolwich improves fees and rates for buy-to-let mortgages

April 17, 2008

Woolwich have announced they will increase rates for buy-to-let investors from today. With the new standard variable rate (SVR) landlords will have to pay a 1 per cent fee equivalent to £1,500 on a £150,000 loan. Brokers have said the changes ...

Royal Bank of Scotland cut 200 jobs

April 16, 2008

The Royal Bank of Scotland has become another bank forced to cut jobs due to the credit crisis. A large proportion of the job cuts will be in London rather than the groups head office in Edinburgh. The redundancies are said ...

Abbey gets 17% of new mortgages

April 16, 2008

The Spanish owned bank are now said to issue one in six of all new mortgages. Brokers believe the high street banks share has increased to 17 per cent of new business during the 1st quarter of this year. They ...

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