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UK government finances £8.8bn in surplus in January

UK government finances £8.8bn in surplus in January

beggers February 22, 2015 0

UK government finances showed a surplus of £8.8bn in January, the Office for National Statistics (ONS) has said. It is the highest surplus for seven years and higher than the revised £6.5bn reported for

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Eurozone business activity at seven-month high, survey says

Eurozone business activity at seven-month high, survey says

beggers February 22, 2015 0

Eurozone business activity has reached a seven-month high, prompting companies to take on more staff, a closely watched survey indicates. Markit’s composite flash purchasing managers’ index for February hit 53.5, up from 52.6 in

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Oil price dips below $53 as fears of global economic slowdown intensify

Oil price dips below $53 as fears of global economic slowdown intensify

beggers January 5, 2015 0

Shares fell heavily on stock markets on Monday as a fresh plunge in the cost of crude to $53 a barrel intensified fears about a slowdown in the global economy. The price of a

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Euro touches a nine-year low against US dollar

Euro touches a nine-year low against US dollar

beggers January 5, 2015 0

The euro slid to a nine-year low against the dollar as investors predicted the European Central Bank (ECB) may act to stimulate the economy. The euro fell by 1.2% against the dollar to $1.1864,

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Poundland postpones online plans despite growing sales and profits

Poundland postpones online plans despite growing sales and profits

beggers November 28, 2014 0

Poundland has dumped plans to launch an online store in time for Christmas as it concentrates on opening new shops and widening its product range to entice in more shoppers. The retailer’s boss Jim

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Virgin Trains and Stagecoach win £3.3bn contract to run the East Coast mainline rail franchise

Virgin Trains and Stagecoach win £3.3bn contract to run the East Coast mainline rail franchise

beggers November 28, 2014 0

Stagecoach and Virgin Trains are set to cash in on one of Britain’s most lucrative railway contracts after ministers awarded the £3.3 billion, eight-year East Coast mainline contract to their joint venture. The Government staved

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Energy Firms hit with £39m penalty

Energy Firms hit with £39m penalty

beggers November 28, 2014 0

Two power generation companies are to pay penalties totalling £39m after failing to meet energy saving targets for low-income households. Ofgem has hit North Yorkshire-based Drax with a £28m penalty, the largest ever handed

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Blow to UK’s bonus cap challenge

Blow to UK’s bonus cap challenge

beggers November 20, 2014 0

An adviser to the European Court of Justice has rejected the UK’s challenge to the EU plan to cap bankers’ bonuses. The cap restricts bonuses to 100% of banker’s pay or 200% with shareholder

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Wall Street shares plunge as Germany ‘needs a miracle’ to stave off recession

Wall Street shares plunge as Germany ‘needs a miracle’ to stave off recession

beggers October 11, 2014 0

Wall Street dived last night amid concerns about a return to the doldrums for the world economy following figures showing a disastrous plunge in German exports. The Dow Jones Industrial Average fell more than

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Wonga dithers over writing off improperly granted loans

Wonga dithers over writing off improperly granted loans

beggers October 11, 2014 0

Wonga customers are anxiously waiting to find out whether they are among the 330,000 borrowers having their payday loans written off. The UK’s best-known payday lender has been forced to refund borrowers after the

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