Unions threaten mass cuts protests September 12, 2010 THE Trades Union Conference (TUC) issued a stark set of warnings about industrial unrest later this year after it said public spending cuts will hit the UK’s poorest 13 times harder than the richest. Unions will discuss during their three-day annual conference whether to launch a nationwide set of strikes. Labour candidate Ed Miliband has [...]
Obama blames economy for heavy defeat in elections… November 3, 2010 REPUBLICANS swept to victory in the US House of Representatives yesterday, picking up 60 seats – well over the 39 needed to take control. President Barack Obama blamed the Democrats’ worst drubbing since 1948 on the fact that unemployment remains at 9.6 per cent, saying he takes “direct responsibility for the fact that we have [...]
Mortgage approvals drop as housing market stalls September 23, 2010 The number of mortgages approved by banks for home buyers dropped in August for the third month in a row. Banks approved 31,767 home loans down from 34,219 in July, the British Bankers’ Association (BBA) said. The figures are another indication that the UK property market has stalled. A raft of data has shown that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]
House of Fraser plans to set up shop out of town in bid to boost revenues September 20, 2010 DEPARTMENT store chain House of Fraser is understood to be drawing up plans to open out-of-town stores. House of Fraser has hired property agency DTZ to find out-of-town stores as precious city centre space becomes more difficult to find. It would be the first time that the department store has opened stores outside city centre [...]
House of Fraser plans to set up shop out of town in bid to boost revenues September 20, 2010 DEPARTMENT store chain House of Fraser is understood to be drawing up plans to open out-of-town stores. House of Fraser has hired property agency DTZ to find out-of-town stores as precious city centre space becomes more difficult to find. It would be the first time that the department store has opened stores outside city centre [...]
Lloyds sees its recovery start to slow November 2, 2010 LLOYDS Banking Group shares yesterday lost more momentum after a muted third-quarter interim statement which indicated that the group’s progress towards its objectives has slowed compared to the first half of the year. In an update notably thin on numerical detail, Lloyds said it delivered “good underlying income growth…[and] lower costs through continued strong integration [...]
Barratt warns of tough times despite profit rise September 8, 2010 Housebuilder Barratt Developments said wider economic fears and the lack of mortgage finance meant the market for new housing was still challenging as it reported a jump in profits. House prices fell much faster than expected last month, according to a monthly survey from mortgage lender Nationwide, stoking concerns that the country could be headed [...]
Barclays hit by computer glitch August 22, 2010 THOUSANDS of Barclays customers were unable to access their bank accounts or withdraw money from cash machines this weekend after a system crash caused chaos nationwide. The problems, which began at around 1.30pm on Saturday, hit telephone and online banking services and caused frustration at retail outlets as embarrassed shoppers were forced to abandon purchases [...]