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News on ST JAMESS PLACE
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270,000 civil servants to stage 48-hour strike
Up to 270,000 civil servants are to stage a 48-hour national strike next month in a dispute over redundancy pay.
The walkout, which will take place on 8 and 9 March, will involve job centre staff, tax workers, coastguards, border agency officials, courts staff and driving test examiners.
If a satisfactory outcome is not reached then [...]
[ Published on :
Fri, 26 Feb 2010 09:37 ]
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European car sales rise 3.2% in Feb
The European Automobile Manufacturers Association has today revealed registrations of new cars in Europe grew an annual 3.2% in February to 1,000,754 vehicles.
However, a severe fall of 30% was noted in Germany as the country’s scrappage scheme expired, but the fall was offset by growth in Italy and the UK, which still have incentive packages [...]
[ Published on :
Wed, 17 Mar 2010 10:12 ]
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Tesco and Spicerhaart launch online estate agency
Tesco has joined forces with Spicerhaart to launch an online estate agency aimed at saving home-sellers money.
iSold.com is so far only available in the Bristol area; the new service charges a flat fee of £999 in return for which properties are advertised on portals such as Rightmove.
All contact with vendors and purchasers takes place either [...]
[ Published on :
Fri, 05 Mar 2010 02:42 ]
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Green homes plan raises eco-mortgage concerns
Government plans to improve the energy efficiency of the UK’s homes involve as “Pay as You Save” scheme that will provide long-term loans to householders keen to install additional insulation, solar panels, wind turbines and the like.
The eco-loan will be repaid in instalments that should amount to less than the savings made on energy bills.
However, [...]
[ Published on :
Thu, 04 Mar 2010 10:04 ]
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Skipton faces legal challenge to SVR hike
Skipton Building Society’s decision to raise its standard variable rate (SVR) has resulted in an unexpected challenge from law firm, Leon Kaye.
In January, Skipton announced its intention to increase its SVR from 3.5% to 4.95% from 1st March 2010, despite the base rate remaining to an all-time low of 0.5%.
The lender evoked “exceptional circumstances” clauses [...]
[ Published on :
Wed, 24 Feb 2010 11:16 ]
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Ethical investments could increase 1000% this year
Sustainable and ethical investments are expected to increase their share in the ISA market by more than 1000% this year, according to research by The Co-operative.
Ethical investments currently have a 1% share of the ISA market, but The Co-operative predicts that this could increase thirteen-fold later this year as savers use their increased ISA allowance [...]
[ Published on :
Thu, 18 Mar 2010 09:56 ]
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48-hour strike starts today for civil servants
Up to 270,000 civil servants are to stage a 48-hour national strike today in a dispute over redundancy pay.
The walkout involves job centre staff, tax workers, coastguards, border agency officials, courts staff and driving test examiners.
If a satisfactory outcome is not reached then further strike action could take place later this month, according to [...]
[ Published on :
Mon, 08 Mar 2010 10:33 ]
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BA in talks with union to avert strikes
British Airways (BA) is to resume talks with the Unite union about averting industrial action.
BA‘s 12,000 cabin crew members have vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working for thousands of staff.
Cabin crew members were scheduled to take 12 days of strike action [...]
[ Published on :
Thu, 11 Mar 2010 09:51 ]
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Consumers to benefit from overdraft opt-out
Consumer watchdog, the Office of Fair Trading (OFT), has today revealed UK banks may soon be offering customers the ability to opt out of unarranged overdraft facilities.
Should the procedure be put in place, it would mean consumers would avoid hefty fees if they slipped into the red.
The announcement comes as the OFT took legal action [...]
[ Published on :
Wed, 17 Mar 2010 10:12 ]
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Northern Rock sees losses narrow
State-owned bank Northern Rock has today announced losses for the 2009 year fell to £258 million, compared with £1.36 billion in the previous year.
Despite the loss, the Newcastle-based bank said it is awarding staff £14.9m in bonuses but Gary Hoffman, the chief executive of Northern Rock, is waiving his payout.
Northern Rock said Mr Hoffman’s long-term [...]
[ Published on :
Thu, 11 Mar 2010 09:51 ]
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Wal-Mart results lower than expectations
Fears over US consumer spending were raised today after retailing giant Wal-Mart reported weaker than expected sales.
The company, which is the world’s largest retailer, reported a 22% rise in its fiscal fourth-quarter profit, but sales at stores open at least 12 months disappointed the market.
Quarterly sales fell to $113.65 billion - slightly below the $114.56 [...]
[ Published on :
Fri, 19 Feb 2010 09:55 ]
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BA strike ballot result due today
Fears of travel chaos could emerge later as the results of a ballot is set to be announced.
A second strike ballot for British Airways (BA) 12,000 cabin crew members is to close today after they vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working for [...]
[ Published on :
Mon, 22 Feb 2010 05:57 ]
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