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The value of mortgages agreed by Nationwide fell 40% last year. The building society agreed mortgage loans worth £6.7bn down from £11.2bn the year before, as conditions get tougher in the banking sector. It has described its lending policy as ...
Written by Joeseph Connor · Filed Under Business | Comments Off
A survey has revealed that most Britons throw away damaged or broken household electrical items instead of attempting to repair them.
The study showed that 86% of people would immediately discard broken electrical items, despite pressure to cut down on landfill ...
Written by Steve Dunbevand · Filed Under Business | Comments Off
The watchdog that looks after the telecommunications industry is to remove strict controls on how BT sells broadband in 70% of the market, after it found that BT faced competition in many areas.
BT has faced restrictions on the way it ...
Written by Joeseph Connor · Filed Under Business | Comments Off
Royal Bank of Scotland has dropped to the UK's fourth biggest bank. The bank lost its former second place due to a slide in its share prices, which fell a further 12.5p to 241p ahead of the completion of its ...
Written by Joeseph Connor · Filed Under Business | Comments Off
According to Energywatch British consumers are "getting it in the neck" from energy suppliers because of a lack of competition. The watchdog's findings were shown to a group of influential MP's.
Chief Executive of Energywatch Allan Asher told a regulatory reform ...
Written by Richard Shepherd · Filed Under Business | Comments Off
Sir Richard Branson's company Virgin Money has signed a five year deal worth £17m to become the next sponsor of the London Marathon. Virgin's financial services division will take over from Flora the current sponsor in 2010.
The first London Marathon ...
Written by Ben Lloyd · Filed Under Business | Comments Off
First Direct is to re-open its doors to new mortgage customers. The bank stopped offering mortgages to new customers seven weeks ago. This was due to a huge number of mortgage applications from people attracted by the banks interest rates ...
Written by Richard Shepherd · Filed Under Business | Comments Off
Marks and Spencer could see profits fall by up to £100m over the next year due to falling sales and increased costs.
The company is expected to announce pre-tax profits of 31bn. It will be the first time the retailer has ...
Written by Joeseph Connor · Filed Under Business | Comments Off
British Airways plans to ground part of its fleet during the winter in an attempt to curb profit losses which have been caused by huge increases in fuel costs.
Chief executive Willie Walsh confirmed the news, as analysts have warned that ...
Written by Naima Green · Filed Under Business | Comments Off
In a bid to push into commercial banking Abbey has hired Royal Bank of Scotland's chief executive of business banking.
Abbey, who are owned by Santander of Spain, said Steve Pateman would join within the month. He will take the position ...
Written by Peter James · Filed Under Business | Comments Off
