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News Archive
January 2009
Simple IVA's news pages, keep an eye on the latest Finance & Money News.Mediators called in to resolve refinery strikes - 31/01/09
Mediation service ACAS has been called in to help negotiate an end to the strikes at oil refineries across the UK
Mediation service ACAS has been called in to help negotiate an end to the strikes at oil refineries across the UK
Bankruptcy 'can create breathing space' - 30/01/09
Declaring bankruptcy can be one way for people with severe debt problems to give themselves some respite
Declaring bankruptcy can be one way for people with severe debt problems to give themselves some respite
FTSE 100 up after rocky week - 30/01/09
After an initial drop the FTSE 100 was up in morning trading, following yesterday's losses
After an initial drop the FTSE 100 was up in morning trading, following yesterday's losses
Britain expects absolutely nothing from Davos - 30/01/09
The vast majority of people believe the World Economic Forum will achieve nothing, a new poll has shown
The vast majority of people believe the World Economic Forum will achieve nothing, a new poll has shown
Broadband Britain vision unveiled - 29/01/09
The government plans to move towards a "historic universal service commitment" bringing broadband and digital services to all homes, culture secretary Andy Burnham has said
The government plans to move towards a "historic universal service commitment" bringing broadband and digital services to all homes, culture secretary Andy Burnham has said
Credit card debt 'putting homes at risk' - 29/01/09
Many people who fall behind on their credit card payments are now at risk of losing their homes, it has been warned
Many people who fall behind on their credit card payments are now at risk of losing their homes, it has been warned
Mortgage rescue scheme 'won't cure debts' - 28/01/09
A financial expert has urged struggling homeowners not to pin their hopes on the government's new mortgage rescue plan
A financial expert has urged struggling homeowners not to pin their hopes on the government's new mortgage rescue plan
Six arrested in Spain over $600m stock exchange fraud - 28/01/09
Spanish police have arrested six men over alleged fraud on the London Stock Exchange totalling $600 million (£419 million)
Spanish police have arrested six men over alleged fraud on the London Stock Exchange totalling $600 million (£419 million)
Asda and BSkyB to create 8,000 jobs - 28/01/09
In a rare boost to Britain's floundering employment market, Asda and BSkyB have announced the creation of 8,000 new jobs
In a rare boost to Britain's floundering employment market, Asda and BSkyB have announced the creation of 8,000 new jobs
UK attention turns to Davos - 28/01/09
The government's business team are heading to Switzerland for the annual World Economic Forum at Davos
The government's business team are heading to Switzerland for the annual World Economic Forum at Davos
Treasury urged to 'print money' - 28/01/09
An influential committee of MPs has called on the Treasury to prepare and publish plans for printing money, should deflation get even worse
An influential committee of MPs has called on the Treasury to prepare and publish plans for printing money, should deflation get even worse
Negative equity 'worrying UK homeowners' - 27/01/09
The possibility of negative equity is causing many homeowners to worry about potential debt problems, new research has indicated
The possibility of negative equity is causing many homeowners to worry about potential debt problems, new research has indicated
Hedge fund bosses reveal losses in parliament grilling - 27/01/09
Hedge fund managers were today hauled in front MPs to answer questions about millions earned short selling banks' stocks
Hedge fund managers were today hauled in front MPs to answer questions about millions earned short selling banks' stocks
Conservatives edge ahead on economy - 27/01/09
The Conservatives have shot ahead of Labour in a recent poll, finally overtaking the government team on economic competence
The Conservatives have shot ahead of Labour in a recent poll, finally overtaking the government team on economic competence
Friends Provident sales fall 11% - 27/01/09
Pensions and insurance provider Friends Provident said sales fell 11 per cent over 2008 amid turmoil in the financial markets
Pensions and insurance provider Friends Provident said sales fell 11 per cent over 2008 amid turmoil in the financial markets
West End theatres break records despite credit crunch - 26/01/09
The growing economic crisis has little effect on London theatres, it has emerged, with takings rising to a record high
The growing economic crisis has little effect on London theatres, it has emerged, with takings rising to a record high
Barclays defends business - 26/01/09
Barclays has defended its business in an open letter to shareholders as the bank's share price continues to fall
Barclays has defended its business in an open letter to shareholders as the bank's share price continues to fall
Unemployment 'could reach three million', economist warns - 25/01/09
An economist who warned Bank of England colleagues of an imminent recession has said he fears unemployment could reach three million in a year's time
An economist who warned Bank of England colleagues of an imminent recession has said he fears unemployment could reach three million in a year's time
Britain enters recession - 23/01/09
Britain has officially entered recession for the first time since 1991 as the economy shrank by 1
Britain has officially entered recession for the first time since 1991 as the economy shrank by 1
Consumers urged to tackle credit card debt - 23/01/09
UK consumers have been advised to manage their finances more effectively by cutting back on credit card use
UK consumers have been advised to manage their finances more effectively by cutting back on credit card use
FTSE 100 loses early gains as Dow drops - 22/01/09
The FTSE 100 gave up early gains this afternoon and the Dow Jones pushed aside yesterday's optimism and dropped
The FTSE 100 gave up early gains this afternoon and the Dow Jones pushed aside yesterday's optimism and dropped
Debt fears over tax bill payments - 22/01/09
A new process allowing UK residents to pay their tax bills by credit card has led to concerns that people will experience debt problems as a result
A new process allowing UK residents to pay their tax bills by credit card has led to concerns that people will experience debt problems as a result
British Gas cuts gas prices by 10% - 22/01/09
British Gas is to cut its gas prices by ten per cent from February 10th
British Gas is to cut its gas prices by ten per cent from February 10th
Renewed fears over short-selling follow banking collapse - 22/01/09
Fears over hedge funds short selling bank shares have prompted frantic activity in the corridors of Westminster
Fears over hedge funds short selling bank shares have prompted frantic activity in the corridors of Westminster
FSA chief: Banks caused 'real harm' to economy - 22/01/09
Banks have caused real harm to the economy and reform is needed, the head of the Financial Services Authority (FSA) warned last night
Banks have caused real harm to the economy and reform is needed, the head of the Financial Services Authority (FSA) warned last night
FTSE 100 up 1.8% in early trading - 22/01/09
The FTSE 100 broke ranks with recent gloom and was up in early trading this morning
The FTSE 100 broke ranks with recent gloom and was up in early trading this morning
Credit card users 'getting organised' - 21/01/09
Many UK consumers are viewing the beginning of the new year as an opportunity to reduce their credit card debt, it has been claimed
Many UK consumers are viewing the beginning of the new year as an opportunity to reduce their credit card debt, it has been claimed
Co-operative/Britannia to form 'super mutual' - 21/01/09
Co-operative Financial Services (CFS) and Britannia Building Society are to merge – forming a 'super mutual'
Co-operative Financial Services (CFS) and Britannia Building Society are to merge – forming a 'super mutual'
Markets drop as Obama swears in - 21/01/09
Wall Street saw its biggest drops in nearly two months, as the inauguration of President Barack Obama failed to lift investors' moods
Wall Street saw its biggest drops in nearly two months, as the inauguration of President Barack Obama failed to lift investors' moods
UK 'facing national bankruptcy' - 19/01/09
The government's failure to restore confidence in the banking system has left the UK on the brink of bankruptcy, it has been claimed
The government's failure to restore confidence in the banking system has left the UK on the brink of bankruptcy, it has been claimed
Banking stocks plunge on FTSE 100 - 16/01/09
The FTSE 100 closed 25 points higher despite a slump in banking shares as fears for the sector increase
The FTSE 100 closed 25 points higher despite a slump in banking shares as fears for the sector increase
Credit cards used for tax payments - 16/01/09
The decision to accept credit card payments for tax bills has led to increased fears over rising personal debt levels in the UK
The decision to accept credit card payments for tax bills has led to increased fears over rising personal debt levels in the UK
Swindon plant hit by Honda cuts - 16/01/09
Honda's car manufacturing plant in Swindon is to shut down for 35 working days in April and May, it has been announced
Honda's car manufacturing plant in Swindon is to shut down for 35 working days in April and May, it has been announced
British business confidence hits 16-year low - 16/01/09
The worsening economic climate has left British confidence at its lowest level in 16 years, a new survey has confirmed
The worsening economic climate has left British confidence at its lowest level in 16 years, a new survey has confirmed
Bankruptcy levels on the rise in North Wales - 15/01/09
New figures have revealed that incidences of bankruptcy and personal insolvency are steadily increasing in the North Wales county of Denbighshire
New figures have revealed that incidences of bankruptcy and personal insolvency are steadily increasing in the North Wales county of Denbighshire
Govt helps banks resume business lending - 14/01/09
Businesses struggling with their finances through the recession are to receive help from the government under plans unveiled by Peter Mandelson this morning
Businesses struggling with their finances through the recession are to receive help from the government under plans unveiled by Peter Mandelson this morning
FTSE 100 down for fifth day - 13/01/09
The FTSE 100 fell for the fifth day today amid another day of economic gloom
The FTSE 100 fell for the fifth day today amid another day of economic gloom
Consumers urged to practise debt management - 13/01/09
British people have been advised to manage their debts by keeping a detailed record of their outgoing payments
British people have been advised to manage their debts by keeping a detailed record of their outgoing payments
Horror on the high street at Christmas - 13/01/09
Retailers endured their worst Christmas in more than a decade, new figures show, as "frightening" warnings over the UK economy are sounded
Retailers endured their worst Christmas in more than a decade, new figures show, as "frightening" warnings over the UK economy are sounded
Property sales at lowest in 30 years - 13/01/09
Estate agents reported the lowest number of property sales in over 30 years in December
Estate agents reported the lowest number of property sales in over 30 years in December
FTSE 100 down 1.5% as poor economic data hits - 13/01/09
The FTSE 100 fell in early trading this morning as more poor news on the economic front hit
The FTSE 100 fell in early trading this morning as more poor news on the economic front hit
Bank bosses meet PM - 12/01/09
Heads of the UK banks met with Gordon Brown this weekend to discuss plans to restart lending
Heads of the UK banks met with Gordon Brown this weekend to discuss plans to restart lending
Gas dispute: Ukraine closes pipeline - 07/01/09
Austria, Slovakia and Czech Republic are the latest countries facing midwinter fuel shortages as Russia's natural gas dispute with Ukraine continues
Austria, Slovakia and Czech Republic are the latest countries facing midwinter fuel shortages as Russia's natural gas dispute with Ukraine continues
Out-of-work 'better-off' than low-paid - 07/01/09
Those who have lost their jobs because of the recession are often better off than low-paid workers close to the breadline, a report has claimed
Those who have lost their jobs because of the recession are often better off than low-paid workers close to the breadline, a report has claimed
Service sector employment rate tumbles - 06/01/09
Employment in the UK's service sector has hit a record low as firms struggle in the face of falling demand
Employment in the UK's service sector has hit a record low as firms struggle in the face of falling demand
Business organisation calls for cap on credit card rates - 06/01/09
The Federation of Small Businesses (FSB) has urged the government to impose a limit on credit card interest rates to prevent more users falling into debt
The Federation of Small Businesses (FSB) has urged the government to impose a limit on credit card interest rates to prevent more users falling into debt
Energy price cuts forecast - 05/01/09
Consumers can expect price cuts from power companies in the New Year as the cost of wholesale gas falls, a comparison website claims
Consumers can expect price cuts from power companies in the New Year as the cost of wholesale gas falls, a comparison website claims
Worst year for jobs 'in two decades' - 05/01/09
The gloomy economic outlook has worsened as 2009 is forecast to be the worst year for jobs in two decades
The gloomy economic outlook has worsened as 2009 is forecast to be the worst year for jobs in two decades
Wedgwood faces closure - 05/01/09
Waterford Wedgwood is set to go into administration with its shares suspended on the Irish Stock Exchange
Waterford Wedgwood is set to go into administration with its shares suspended on the Irish Stock Exchange
Govt 'looking into second bank bailout package' - 03/01/09
The government is reportedly looking into options to provide further financial assistance to the banking sector
The government is reportedly looking into options to provide further financial assistance to the banking sector
FTSE 100 sees 2009 bounce - 02/01/09
Traders heads recovered after New Year's Eve champagne pushing the FTSE 100 up to its highest point since the start of November
Traders heads recovered after New Year's Eve champagne pushing the FTSE 100 up to its highest point since the start of November
Rise in bankruptcy levels expected for Scotland - 02/01/09
An accountancy and business advice firm has claimed that over 25,000 Scottish people could be declared bankrupt in 2009
An accountancy and business advice firm has claimed that over 25,000 Scottish people could be declared bankrupt in 2009
Mortgage approvals slump to 9-year low - 02/01/09
Mortgage approvals fell to a nine-year low in November, according to new statistics from the Bank of England, and lending is expected to fall further in the coming months
Mortgage approvals fell to a nine-year low in November, according to new statistics from the Bank of England, and lending is expected to fall further in the coming months
FTSE 100 starts 2009 with rise - 02/01/09
The FTSE 100 started 2009 with some small gains – continued the post-Christmas positivity
The FTSE 100 started 2009 with some small gains – continued the post-Christmas positivity
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