Lloyds closes C&G outlets June 9, 2009 LLOYDS Banking Group is to withdraw its Cheltenham & Gloucester (C&G) brand from the high street in a move that will see the bank wield the axe over up to 1,660 staff as it streamlines in the wake of its takeover of HBOS. The bank said it would close all 164 branches of C&G within [...]
FIRST WOMEN GATHER AT GALA TALENT SHOW June 11, 2009 THERE’S nothing a bunch of hard-working businesswomen like better than listening to one of their own knowing how to send herself up in style. So it should come as no surprise that the star of this year’s First Women Awards, held last night in the luxurious surroundings of the Marriott Grosvenor Square, was Deloitte veteran [...]
MPs rush to remedy row with cheques May 13, 2009 FORMER agriculture minister Elliot Morley was last night revealed to have claimed parliamentary expenses of more than £16,000 for a mortgage that did not exist. Morley continued to claim for the mortgage interest on his constituency home for more than 18 months after the loan had already been paid off. This latest revelation is regarded as the [...]
MPs rush to remedy row with cheques May 13, 2009 FORMER agriculture minister Elliot Morley was last night revealed to have claimed parliamentary expenses of more than £16,000 for a mortgage that did not exist. Morley continued to claim for the mortgage interest on his constituency home for more than 18 months after the loan had already been paid off. This latest revelation is regarded as the [...]
Brown’s latest bid to curb knife crime July 16, 2008 Up to 20,000 families will be given intensive support to help get their wayward children back on track as part of a £100m government plan to curb youth crime, the Home Office has announced. The widely trailed programme was unveiled amid mounting concern over knife crime following a spate of stabbing deaths in London. Opposition [...]
Australia consider emulating British funding system after Olympic beating August 27, 2008 The Australian government has devised a plan to beat Great Britain at their home Olympics in 2012 – emulate its funding system. Australia finished behind Britain in the medals table for the first time in 20 years at the Beijing Games, winning 46 medals, including 14 golds, compared to Britain’s record haul of 47 medals [...]
US mortgage agencies are nationalised September 8, 2008 The US government took control of twin mortgage giants Fannie Mae and Freddie Mac yesterday as it unveiled a series of measures designed to rescue the beleaguered US housing market. Treasury secretary Henry Paulson said the Federal Housing Finance Agency (FHFA) would place Fannie Mae and Freddie Mac under “conservatorship” to prevent the collapse of [...]
Halifax piles on woe August 8, 2008 The drip feed of bad news for the property market continued yesterday when Britain’s biggest lender Halifax revealed that house prices have fallen back to mid-2006 levels. House prices are now 8.8 per cent lower than they were this time last year, Halifax said, with an average home in Britain costing £21,733 less than July [...]
US authorities move to rescue Freddie and Fannie July 14, 2008 Support from US Treasury comes minutes before far east markets open for trading US Treasury Secretary Hank Paulson moved to calm nerves about stricken American lenders Fannie Mae and Freddie Mac last night, saying the government would be willing to take an equity stake in the two banks. His eagerly awaited statement came just minutes [...]
KPMG staff scoop £59m in bonuses October 25, 2005 Secretaries and directors at KPMG will share in a £59m bonus bonanza. The 8,950 people who make up the accountancy firm’s British workforce will share in the £59m pot, which equates to just under £6,600 per person. The bonus pot has risen 68 per cent from £35m last year, when the company gave on average [...]