News archive from 21 January 2015, page 9

Feeling the strain: Overseas lending to Russian banks slumped by over £7bn in just three months last year...

Lending to Russia by overseas banks slumped by more than £7billion between July and September last year as political and economic tension increased. Overseas banks reduced their lending to Russia in the year to the end of September by £18.5billion, or...

 

Reckitt Benckiser fined over £500,000 by City watchdog for breaching stock market rules following raft of...

Reckitt Benckiser has been fined £539,800 for breaching stock market rules following a raft of share deals made by chief executive Rakesh Kapoor and another director. The City watchdog said the household goods giant had ‘inadequate systems and...

 
Pro-European David Cameron not to be trusted to defend UK interests - reader's letter

Pro-European David Cameron not to be trusted to defend UK interests - reader's letter

SO, after all the blustering and "promises", it hasn't taken David Cameron long to cave in and step into line with his European colleagues. In spite of his "red line" promises to curb European immigration, the German...

 

Former chairman of Permira Damon Buffini worth £100m to step down after 27 years at the private equity...

The former chairman of Permira will step down after 27 years at the private equity group.  Damon Buffini, who was born to a single mother in a council flat in Leicester and involved in high-profile deals including AA, Little Chef and Birds Eye, will...

 
Late in life, I've discovered the delights of poetry from Derby Telegraph readers - reader's letter

Late in life, I've discovered the delights of poetry from Derby Telegraph readers - reader's letter

WHEN I get the Telegraph, the first thing I go for is the letters page (apart from Wednesday when it's Anton Rippon's column!). I have been reading the letters for 55 years but I have to admit that I have never read any of the poems. At Bemrose...

 

Troubled Co-op Bank extends blacklist of firms involved in tax dodging, fracking and promoting...

The Co-op Bank has extended its blacklist of firms to include those involved in fracking, dodging tax and promoting irresponsible gambling. The troubled lender yesterday revealed details of its new ethical policy, which is based on the views of 74,000...

 

Cherry on top for mother and son baking duo as cake decoration business inspired by the Great British Bake...

A mother and son who started their baking decoration business eight years ago after struggling to buy supplies have sold their firm for £4million. Graphic designer Gary Brown and his mum Carol, who owned a cake shop, have sold their Rainbow Dust...

 

JAMES CONEY: Switch, switch, switch - I can't say those words often or loudly enough when it comes to savings 

Switch, switch, switch. I can’t say those words often or loudly enough. It is the message we have been giving you for years now on savings. And it became all the more important when the Bank of England dropped base rate to 0.5 per cent. We know that...

 

Battle of the ISA: Virgin Money raises 1 year fixed-rate cash Isa to 1.7% - the top deal on offer so far...

Virgin Money has raised the rate on its one-year fixed-rate cash Isa to a tax-free 1.7 per cent — the top deal on offer. Leeds BS has brought out an 18-month deal at a lower 1.65 per cent, but it gives you access to a quarter of your money ­without...

 

Why you must turn down that bonus account - Even when the bonus is added, you will earn less than on an...

Savers looking for the best deals should ignore easy-access accounts that come with a bonus, as they can do better without one. As rates have tumbled, the amount that banks and building ­societies are prepared to pay out as a teaser rate to attract...

 

If I go to Brazil, I will be dead in 48 hours - What boss of failed £70m EcoHouse investment scheme for...

About 50 people sit in a cold, dingy room at the back of a West Midlands hotel. Some have travelled hundreds of miles to be here, while others are local. There are couples in their 70s; the youngest person seems to be about 30. They are all investors...

 

Airlines find new excuses to reject compensation claims for flight delays - as 4 budget carriers ask to put...

Airlines are finding new excuses to reject compensation claims for flight delays, despite a legal victory for passengers last year. Money Mail can reveal that four budget carriers — Flybe, Jet2, Ryanair and WizzAir — have asked a judge for permission...

 

ASK TONY: I received a scam phone call from a man claiming to be from the police fraud team claiming...

I had a phone call from a man claiming to be from a police fraud team. He told me that ­someone in London had taken £1,400 from my savings account and another person in ­Southend had taken a further £200. He said his name was Phillip Field. He gave me...

 

ASK TONY: British Gas offered me a cheaper renewal price for services but are still charging me the...

I was quoted a renewal price of £398.60 a year, about £33.21 a month, for my British Gas Services central heating, plumbing and drains cover. I rang to say I was moving to a cheaper supplier and ­British Gas Services offered a lower quote of £19 per...

 

New Year rate massacre continues as surge in popularity for Pensioner Bonds prompts banks to cut over 100...

The launch of high-paying Pensioner Bonds has led to banks cutting more than 100 rates in 21 days, Money Mail can reveal. The great New Year rate massacre is also being driven by the fall in inflation, as well as banks being desperate to cut payouts...

 


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