Waste your cash on holiday gifts – not on currency April 20, 2011 BRITS waste £245m of precious holiday money every year when they buy their currency outside of the UK, MoneyCorp research shows. And that doesn’t even count the cash wasted by those buying it in the UK at uncompetitive prices. While most of us know we’ll be ripped off if we wait until we get to [...]
High street brands popular for legal advice March 15, 2011 WITH the implementation of the “Tesco law” looming, a new report from YouGov into the legal services sector provides positive news for big brands looking to diversify into this sector. It reveals that consumer willingness to seek legal advice from retailers or high street brands is high; 60 per cent of consumers would consider using [...]
L&G boosts dividend as it beats targets March 17, 2011 UK INSURER Legal & General boosted its divided by 24 per cent yesterday on the back of a £1bn operating profit, and said it expected to benefit from stronger demand for savings products in future as reduced welfare provision forces consumers to save more. Though operating profits fell slightly from £1.1bn in 2009, they remained [...]
FTSE nears seven-year high as M&S boosts retail sector April 6, 2011 BANKS helped drive Britain’s top shares to a near seven-week high yesterday following a Portuguese debt auction, while Marks & Spencer rose on better-than-expected sales, lifting sentiment in retailers. The FTSE 100 ended up 34.07 points, or 0.6 per cent, at 6,041.13, its highest closing level since 18 February. Lex van Dam, hedge fund manager [...]
FTSE nears seven-year high as M&S boosts retail sector April 6, 2011 BANKS helped drive Britain’s top shares to a near seven-week high yesterday following a Portuguese debt auction, while Marks & Spencer rose on better-than-expected sales, lifting sentiment in retailers. The FTSE 100 ended up 34.07 points, or 0.6 per cent, at 6,041.13, its highest closing level since 18 February. Lex van Dam, hedge fund manager [...]
The brothers who love the high life March 9, 2011 VINCENT Tchenguiz’s 40ft yacht lies empty at a port in Cannes, a party scheduled for tonight on indefinite hold after his arrest. Its bombastic name, Veni Vidi Vici, has been the source of some amusement since the brothers’ vast empire began to unravel in the wake of the recession. If things continue as they have [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
PERSONAL FINANCE NEWS February 2, 2011 SPACE INVADERS COST £66M Space invaders, houseguests who stay with friends and family for weeks at a time without paying rent, are causing havoc. More than 4.9m homeowners have been left counting the cost of houseguests who overstayed their welcome last year. Direct Line research shows that the space invaders caused £66m in damages to [...]
Supermarket sales slowing as shoppers rein in spending March 1, 2011 SALES growth at grocers slowed in February, despite higher prices, according to market research published yesterday, adding to signs of growing caution among consumers since the start of the year. Kantar Worldpanel said grocery sales rose 3.9 per cent year-on-year in the 12 weeks to 20 February, down from 4.2 per cent growth for the [...]