Government should act tough on credit cards
New government legislation on credit card debt does not go nearly far enough, the director of a financial management charity has claimed.
Chris Tapp, director of Credit Action, said new laws that stop credit card providers increasing interest rates and limits on credit cards are merely “a baby step in the right direction”.
Prime Minister Gordon Brown [...]
[ Published on :
Thu, 18 Mar 2010 09:56 ]
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PPF: DB pension scheme deficit falls in February
Figures published by the Pension Protection Fund (PPF) have revealed a sharp fall in the deficit of the UK’s defined benefit pension schemes.
According to the PPF, the deficit was trimmed to £15.1 billion at the end of February from £51.9 billion at the end of January.
It is also a significant improvement on February 2009 when [...]
[ Published on :
Wed, 10 Mar 2010 10:00 ]
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Oil hovers below $79 after US crude supply drop
(AP)
 AP - Oil prices hovered below $79 a barrel Wednesday in Asia after a report showed U.S. crude inventories unexpectedly fell last week, suggesting demand may be improving.
[ Published on :
Wed, 24 Feb 2010 11:16 ]
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Recovery will be “sluggish”, expert claims
Recent increases in the purchasing managers index (PMI) should not be taken as an indication that Britain is entering a strong recovery, one expert has claimed.
Vicky Redwood, economist at Capital Economics, said economic recovery will be “sluggish” over the next two years.
She made the remarks despite conceding that PMI data released this week was “pretty [...]
[ Published on :
Tue, 09 Mar 2010 09:19 ]
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Blount International 4Q earns drop 6 percent
(AP)
AP - Blount International Inc., which makes chains for saws, said Friday that its fourth-quarter earnings fell 6 percent as one-time costs outweighed a gain in sales.
[ Published on :
Mon, 08 Mar 2010 10:33 ]
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Shell steps up cost-cutting programme with further job losses
Oil giant Royal Dutch Shell has today announced it will axe a third of its global petrol station network and shed a further 1,000 jobs by the end of next year, as part of its ongoing cost cutting programme.
The Anglo-Dutch firm, which is Britain’s second largest oil company, has been hit by a slump [...]
[ Published on :
Wed, 17 Mar 2010 10:12 ]
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Oil hovers above $77 amid improving US economy
(AP)
 AP - Oil prices hovered above $77 a barrel Wednesday in Asia after surging the previous day amid expectations a growing U.S. economy will fuel increased crude demand.
[ Published on :
Wed, 17 Feb 2010 09:26 ]
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Oil hovers below $82 after monthlong run-up
(AP)
 AP - Oil prices hovered below $82 a barrel Tuesday in Asia, losing momentum after a monthlong run-up fueled by growing investor optimism about global economic growth.
[ Published on :
Tue, 09 Mar 2010 09:19 ]
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