Bank Accounts - From the 'papers

9 November 2009 - British Airways, as expected, reported pre-tax losses of £292 million

There was speculation over the future of the part-nationalised banks, Lloyds Banking Group and Royal Bank of Scotland, on Monday, ahead of announcements to be made by the banks themselves and the Treasury, on Tuesday. Lloyds Banking Group, 43% state-owned, was expected to announce that it would ... More

29 September 2009 -  Sterling traded under $1.50 against the dollar.

Weekly Financial News Roundup The financial week began with the news that Sterling had fallen to its lowest level since April against the Euro, at €1.1016 and its lowest level for three weeks against the Dollar, at $1.6134, following a warning from the Bank of England that the trade deficit in ... More

31 August 2009 - Surge in confidence amongst business professionals in the second quarter of 2009.

Weekly Financial News Roundup The results of a survey of over 1,000 chartered accounts in England, Wales and Scotland, conducted by the Institute of Chartered Accountants in England and Wales (ICAEW) and Institute of Chartered Accountants of Scotland (ICAS), were published on Monday and ... More

11 August 2009 - Lloyds Banking Group reporting a loss of £4 billion

The week started with something of a mixed bag, financially, with good news for the U.K. manufacturing industry, Sterling and Barclays, but less welcome news for HSBC and some British homeowners. A survey by the Chartered Institute of Purchasing & Supply (CIPS) and Markit revealed that ... More

27 July 2009 - Tesco announced that it is seeking to establish its personal finance arm

Weekly Financial News Roundup The perilous state of public finances in the UK was highlighted, on Monday, with the release of figures from the Office of National Statistics (ONS) and the National Audit Office (NAO). New government borrowing in June was £13 billion, less than the £15.5 billion ... More

20 July 2009 -  further job cuts by Lloyds Banking Group

Weekly Financial News Roundup United Kingdom Financial Investments (UKFI), the organisation created to manage taxpayers' interests in Royal Bank of Scotland (RBS) and Lloyds following their rescue, announced on Monday that, while the investment is still valued at £60 billion, or the equivalent ... More

9 March 2009 - Brown was to hold brief personal talks with Mr. Obama

Weekly Financial News Roundup Economic uncertainty and turmoil in the financial sector, in particular, shook investor confidence once again on Monday. On the London Stock Exchange, the FTSE 100 index briefly touched its lowest level since 2003, whilst in New York the Dow Jones Industrial ... More

24 February 2009 - Bad news for the Lloyds Banking Group

Weekly Financial News Roundup The week opened with further bad news for the Lloyds Banking Group. Shares in the Group, in which the British Government now has a 43% stake, fell by 7% in early trading on Monday compounding a loss of 32% the previous Friday as investors struggled to come to terms... More

20 October 2008 - Weekly Financial News Roundup

Weekly Financial News Roundup Turmoil in the financial markets, wildly fluctuating share prices and definitive indicators of a global economic downturn – as if further confirmation were really necessary – dominated the financial news this week. This of course, in the wake of unprecedented events ... More

25 August 2008 - Lock Into the Top Savings Accounts Before Interest Rates Fall

Experts are advising consumers with money to stash away to grab some of the top savings accounts before they are withdrawn. Those with instant access savings accounts are recommended to shop around for the best interest rates, whilst those wanting to invest in a fixed rate account should lock into... More

23 June 2008 - Hard Times for Moaning Miseries

News continued to be bleak this week as the Governor of the Bank of England warned that Britain was facing its ‘most difficult economic times for two decades’. In his annual Mansion House speech, the Governor Mervyn King, also warned that inflation was likely to rise and growth and house prices to... More

6 May 2008 - Hiding Under The Bed

With the financial crises of the past few months looming large in consumer’s minds, banks and building societies are no longer seen as the safe havens for savings that they once were. A recent survey for Newcastle Building Society, compiled by YouGov, found that only 57% of people now thought ... More

21 April 2008 - Plight of Britain’s Poor

The abolition of the 10p tax band which came into effect at the beginning of this tax year is causing misery for many of Britain’s poorest members and has led to a potential rebellion by many Labour MPs. Five million households from the lowest income scale are expected to be affected and some ... More

14 January 2008 - A Cold Wind Doth Blow

Fears of the cold wind of recession continue to grip as the week's economic news continues to send chills down the population's spine. Fuel prices are rising, interest rates failing to fall, the pound is at a new low against the Euro; even High Street stalwarts Marks and Spencer have seen a fall ... More

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