Surge In First-Time Buyers 'To Fall Away'

A report suggests the number of first-time buyers rose 45% in the year to July but the surge in transactions will slow as property prices rise. The latest First Time Buyer Monitor from LSL Property Services shows that plunging mortgage rates - partly...

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US Job Stats Drive Market Stimulus 'Frenzy'

Stock markets endured a rollercoaster after the release of US employment figures - a crucial indicator on when the Federal Reserve will ease its economic stimulus. US employers added 169,000 jobs in August and much fewer in July than previously thought,...

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Royal Mail To Pledge City Dividend Bonanza

By Mark Kleinman, City Editor Royal Mail will pledge to pay hundreds of millions of pounds in dividends to City shareholders in an attempt to win private sector support for its £3bn privatisation, Sky News has learnt. The company will make the...

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Surge In First-Time Buyers 'To Fall Away'

A report suggests the number of first-time buyers rose 45% in the year to July but the surge in transactions will slow as property prices rise. The latest First Time Buyer Monitor from LSL Property Services shows that plunging mortgage rates - partly...

16.01 | 0 komentar | Read More

Snowden: NSA And GCHQ Crack Encyption Codes

US and British intelligence agencies have unlocked much of the online encryption that protects the privacy of internet users' personal data, online transactions and emails. Many internet users assume that their online information, including medical...

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Royal Mail To Recruit 21,000 Staff For Xmas

Royal Mail is to recruit more than 21,000 seasonal staff to help sort the Christmas post. The company estimated 18,000 of the posts will be in England, 2,000 in Scotland, 700 in Wales and 400 in Northern Ireland. The temporary jobs would be available...

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Ryanair To Cut Flights Amid Profit Turbulence

Ryanair is to reduce flying schedules this winter after seeing its profit hopes dented by growing headwinds including weaker summer demand. Shares in the no-frills carrier plunged by 14% soon after it issued the profit warning, just a month after chief...

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Ex Co-Op Bank Boss Refuses Blame For Losses

The former boss of the Co-operative Bank and Britannia Building Society has told MPs he foresaw the "disastrous" failure of Co-Op to buy Lloyds branches. Speaking to the Treasury Select Committee, Neville Richardson's evidence highlighted the financial...

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UK Car Registrations Continue Surge In August

The UK car market grew by almost 11% in in August, the Society of Motor Manufacturers and Traders (SMMT) has said, continuing an 18-month streak of rises. 65,937 new cars were registered in the UK in August, up 10.9% on July, SMMT figures showed. ...

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Banks Pay Up Over Rate Swap Mis-Selling

The Financial Conduct Authority (FCA) has confirmed an acceleration in the number of companies being compensated for the mis-selling of interest rate swaps. The regulator announced that banks had paid out £500,000 to date but said the figure was set...

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20% Of Workers Earn 'Below Living Wage'

One in five British workers now earns below the so-called living wage, it has been claimed. According to the Resolution Foundation 25% of women and 15% of men were paid below the living wage in April last year, when the wage benchmark was calculated...

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Olympus Scandal: UK Launches Prosecution

The Serious Fraud Office (SFO) is to prosecute Olympus and its UK subsidiary in connection with the accounting scandal at the Japanese camera and medical equipment maker. The news was confirmed two months after a Japanese court handed suspended jail...

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Vodafone's $130bn Windfall After Verizon Deal

Vodafone has confirmed it is selling its stake in America's largest mobile phone company in the third largest corporate deal in history. Verizon Communications will buy the British firm's 45% stake in their joint US venture Verizon Wireless for $130bn...

16.02 | 0 komentar | Read More

Microsoft To Pay £3.2bn For Nokia Phones

Nokia shares have soared by 45% following confirmation Microsoft is to buy the Finnish firm's mobile phone business for 3.8bn euros (£3.2bn) to try and expand its share of the smartphone market. In addition to the purchase of the devices and services...

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Bank Complaints Hit Record Amid PPI Scandal

Complaints about financial firms have surged to a record high as the effects of mis-selling continue to weigh on banks. The Financial Ombudsman Service (FOS), which settles disputes between consumers and financial firms, said new complaints rose 15%...

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Lenders To Fork Out £1bn For Iceland Losses

By Poppy Trowbridge, Business and Economics Correspondent British banks, building societies and credit unions have begun making multimillion pound payments to cover the costs of the Icelandic banking crisis. When the banking crisis struck Iceland...

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Free Childcare Scheme Set To Be Extended

By Tadhg Enright, Sky News Correspondent A free childcare scheme starting today for 130,000 toddlers will be extended to 260,000 young children from September next year. Children in around 40% of working families will qualify for up to 15 hours...

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Vodafone Nears $130bn Verizon Windfall

Vodafone may confirm as early as this afternoon that it is selling its stake in America's biggest mobile phone comany in a $130bn (£84bn) deal which could boost the UK economy. The FTSE 100 mobile phone firm confirmed the value it was seeking for its...

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Data Watchdog Warning Over Staff Home Working

The data watchdog has warned employers about security breaches caused by staff working from home, after it fined a council £100,000 for posting sensitive information about vulnerable children. The Information Commissioner's Office (ICO) hit Aberdeen...

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Wonga To Waive Dividend Despite Record Profit

By Mark Kleinman, City Editor Wonga, the financial services company which has found itself at the heart of the controversy over the payday lending industry, will on Tuesday announce that it made record profits of more than £1m-a-week last year....

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Lenders To Fork Out £1bn For Iceland Losses

By Poppy Trowbridge, Business and Economics Correspondent British banks, building societies and credit unions have begun making multimillion pound payments to cover the costs of the Icelandic banking crisis. When the banking crisis struck Iceland...

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