News archive from 23 December 2012

Hewlett-Packard expected to announce Autonomy sackings

Hewlett-Packard, the US computer firm, is expected to announce that it is to axe staff at its Autonomy subsidiary. HP has alleged that Autonomy, the British software company run by Mike Lynch, wilfully misrepresented its value when it acquired the...

 

Politicians trapped by public opinion into into crowd-pleasing attacks on banks, says BBA head

Politicians know that bank regulation is too tough but are trapped by public opinion into crowd-pleasing attacks on the industry, the head of Britain's banking lobby claimed this weekend. Anthony Browne, chief executive of the British Bankers'...

 

Misery for retailers as recovery hopes nosedive: Chains in despair after pessimism deepens over abysmal...

Hopes of a December recovery in retail sales have been dashed, leaving store groups in need of an unprecedented last-minute boom to save their Christmas. Total spending on credit and debit cards in the run-up to Christmas is rising slower than...

 
TONY HETHERINGTON: Outrage as loan firm raids bank accounts

TONY HETHERINGTON: Outrage as loan firm raids bank accounts

G. H. writes: My young granddaughter Emma was cold-called by Star Loans and offered a loan. She was interested and Star Loans said she would be sent an application form, but meanwhile they requested her bank details, which she gave. A few days later...

 
Resurgent car industry drives hopes of recovery after mixed year for business

Resurgent car industry drives hopes of recovery after mixed year for business

Whisky makers and energy companies also see growth but fears of triple dip recession remain, writes Dominic Jeff AUSTERITY Britain seemed to have been overlooked as Japanese car maker Nissan last week unveiled its plans for a £250 million investment...

Scotsman, 00:01 in Business
 
ASK THE EXPERTS: I've saved for 25 years, but my insurer refuses to pay final endowment bonus

ASK THE EXPERTS: I've saved for 25 years, but my insurer refuses to pay final endowment bonus

This week's experts are PHILIPPA GEE, who runs Philippa Gee Wealth Management in Church Stretton, Shropshire; DAVID HOLLINGWORTH of mortgage brokers London & Country in Bath, Somerset; and LEE SMYTHE, managing director of Smythe & Walter...

 
British firms build links with Russia as more than 200 organisations join growth scheme

British firms build links with Russia as more than 200 organisations join growth scheme

A STRING of blue-chip City firms have signed up to a groundbreaking project to sell financial expertise to Moscow. Investment banks Barclays Capital and JP Morgan, Lloyd’s of London and elite law firm Freshfields have joined the initiative, which has...

Scotsman, 00:01 in Business
 

Cut the cost of car rescue: Avoid a £250 tow charge with cover for breakdowns

Breakdown cover might seem an expensive luxury, but if you are stranded on a freezing roadside on Christmas Day you will be more than thankful to have it. Over Christmas an estimated 23million trips will be made by car, and recovery firms are gearing...

 
2012 REVIEW: A golden year (but not for our wallets) - Fuel bills soared, pay and investments slumped ... when the only bonanza was at the Olympics, Financial Mail was there to help

2012 REVIEW: A golden year (but not for our wallets) - Fuel bills soared, pay and investments slumped ......

The Diamond Jubilee and London Olympics made 2012 a year to remember. But little of the joy crossed over into the nation's finances as Britain endured another year of austerity. A combination of flat wages, scarce overtime, public sector pay caps and...

 
Barrhead Travel cruises to first takeover deal

Barrhead Travel cruises to first takeover deal

HOLIDAY provider Barrhead Travel has unveiled the first acquisition in the company's 37-year history in a multi-million pound deal propelling the firm's sales through the £200 million mark. The travel agency and tour operator has snapped up The Cruise...

Scotsman, 00:01 in Business
 

JEFF PRESTRIDGE: Blame Financial Services Authority for Arch Cru almighty fiasco

By regulatory hook or by crook, most investors caught up in the Arch Cru scam will now get something resembling fair compensation for the losses they have suffered since early 2009 when their money in the group's funds was suddenly frozen. Yet no one...

 
Spar agrees to stock Scots energy drink Nae Danger

Spar agrees to stock Scots energy drink Nae Danger

THE creator of a Scottish energy drink is hoping to break into a fiercely competitive market dominated by the likes of Red Bull and Rockstar after securing its first supply deal with a retail chain. Nae Danger, launched in August by Glasgow-based...

Scotsman, 00:01 in Business
 
'The fateful day I missed out on my chance of a retirement bonanza...' - Thousands lose out on hugely generous annuities as details are buried in the small print

'The fateful day I missed out on my chance of a retirement bonanza...' - Thousands lose out on hugely...

Tens of thousands of people a year on the brink of retirement are losing out on hugely generous annuities because their right to such attractive income is buried away in the small print of their pension plan. In some instances the annuities,...

 

Jeff Salway: Customers may find surprise in packages

New rules will force banks to offer suitable accounts, says Jeff Salway SCOTS forking out monthly fees for current accounts have been told to check they’re using the perks they’re paying for after the regulator moved to clamp down on the products....

Scotsman, 00:01 in Business
 

Couple's 'Frankenstein investment' ends in disaster: Up to 200 investors abandoned by Arch Cru rescue scheme

Many investors in failed investment funds group Arch Cru were given a financial lifeline last week when the City's regulator announced its intention to go ahead with an historic redress scheme. It will require up to 600 financial adviser firms...

 


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