Virgin Money to take on life insurance sector

September 26, 2010

Virgin Money announced today that it will partner with Tower Australia to break into the life insurance market. Hoping to bring its own line of life insurance products by 2011, the finance group said that it the addition will help broaden ...

Air Southwest Acquired by Eastern Airways

September 21, 2010

Reports have emerged that Eastern Airways has bought Air Southwest. About 150 people are staffed at the Plymouth-based airline, which operates at regional airports in the UK, the Channel Islands and Ireland. Regulatory approval is expected to be ...

Shareholders worry over BT pension fund

September 19, 2010

Shareholders in UK phone giant BT are growing wary over the impending fate of the company as its shares dropped drastically on the Footsie last week. With one of the largest private sector pension funds, BT and the Government are now ...

Tom Hicks makes last ditch effort for Liverpool

September 18, 2010

In the ongoing battle for Liverpool’s football club, American part-owner Tom Hicks has begun a last-minute plea to hold onto his share in the sports team. As George Gillet, Mr Hicks co-owner, seeks to avoid defaulting on his $75m loan that ...

Opera Mini growing in popularity with phone companies

September 18, 2010

The Opera Mini, a popular browser with phone companies, will see a surge in sales as carriers begin to seek out Apple and Nokia services as potential users. The Norwegian-made software operates as a browser for content and other applications on ...

Sainsbury’s shocked by packaging waste charges

September 18, 2010

Popular UK grocer Sainsbury’s has faced accusations from a local council regarding its packaging procedures, just hours after announcing improvements in the packaging of its cereal brands. For Sainsbury’s, the timing was everything. Not 24 hours after the retailer proudly showed ...

Hertz Global Holdings Proposes $300 million Senior Notes Sale

September 17, 2010

Hertz Global Holdings has announced that their subsidiary, The Hertz Corporation, is planning to offer $300 million worth of senior notes, which are due in 2018. This will be done through a private offering exempt from the Securities Act ...

Lloyds Banking Group Gets Most Complaints

September 15, 2010

Lloyds Banking Group has made it to the top of a list for the financial services firms that have the most complaints sent to the Financial Ombudsman. The figures for the first 6 months of 2010 were published this ...

Iberia Focusing on British Airways Merger

September 15, 2010

According to Iberia, the airline is focused on their merger with British Airways. This comes after speculation that the Spanish carrier is planning to swap shares with LAN Airlines and TAM Airlines. However, Iberia says that they can't ...

Increased Recycling to Create over 50,000 Jobs

September 15, 2010

A report from Friends of the Earth says that ambitious targets to increase recycling in the UK to 70% by local councils could create 51,400 jobs. It also shows that another 18,000 could be created if industrial and commercial ...