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News Archive

February 2010

Simple IVA's news pages, keep an eye on the latest Finance & Money News.

FTSE 100 ends week in positive fashion following GDP revision - 26/02/10
The FTSE 100 ended the week in confident fashion after the revision of official figures revealed the British economy grew by 0

Lloyds Banking Group reveals £6.3 billion loss for 2009 - 26/02/10
Lloyds Banking Group, which is 41

UK house prices fall for first time in ten months - 26/02/10
House prices in the UK fell in February, ending a nine month run of consecutive rises, according to a new survey

Recession-ending GDP figures upwardly revised to 0.3 per cent - 26/02/10
The recession ended in Britain by a greater margin than first thought, with official figures being revised to 0

FTSE 100 slides on Thursday despite RBS resurgence - 25/02/10
The FTSE 100 slipped over one per cent on Thursday, despite Royal Bank of Scotland posting better-than-expected results for last year

British Gas record profits boosted by fall in energy costs - 25/02/10
British Gas, the country's biggest electricity and gas supplier, has announced its operating profits leapt 58 per cent last year

Toyota boss tells Congress he is 'deeply sorry' for safety fears - 25/02/10
Toyota's president has told the US Congress he is "deeply sorry" for the safety problems which led to 8

RBS defends £1.3 billion bonuses despite massive losses - 25/02/10
Royal Bank of Scotland has defended plans to pay out £1

FTSE 100 steady in morning trading as RBS soars despite losses - 25/02/10
The FTSE 100 remained flat in morning trading on Thursday with Royal Bank of Scotland posting significant gains despite announcing losses of £3

100 per cent Northern Rock savings guarantee to expire in May - 25/02/10
The government's 100 per cent guarantee on saving deposits held at the taxpayer-owned Northern Rock will expire on May 24th, it has been announced

Banks help FTSE 100 close half a per cent up on Wednesday - 24/02/10
A strong banking performance helped the FTSE 100 close up over half a per cent on Thursday, although pharmaceutical shares again proved a drag

Google under European Union microscope for first time - 24/02/10
Google is facing its first European Union competition inquiry after three internet firms complained the search engine giant is abusing its dominant market position

Toyota's president admits rapid expansion may have caused faults - 24/02/10
Toyota's president has claimed the carmaker's rapid expansion may have been responsible for the faults which led to 8

News International 'bought silence of phone-hacking victims' - 24/02/10
Rupert Murdoch's News International effectively bought the silence of the victims and exponents of the News of the World (NotW) phone hacking scandal, an influential group of MPs has concluded

Wolseley slips in early trading after Tuesday's strong gains - 24/02/10
The FTSE 100 opened Wednesday slightly down the day after the governor of the Bank of England warned more emergency money may have to be pumped into the economy

Miners slump in afternoon trading sending FTSE 100 down - 23/02/10
A slump by the mining sector on Tuesday afternoon saw the FTSE 100 end the day down over half a per cent

King declares quantitative easing programme may be extended - 23/02/10
The governor of the Bank of England Mervyn King has said the emergency £200 billion quantitative programme may be restarted due to concerns over the weakness of the eurozone

Mortgage approvals 'fell sharply' in January, figures show - 23/02/10
The number of mortgages that British banks agreed with homebuyers fell significantly last month, new figures from the British Bankers Association (BAA) show

British Airways cabin crew vote in favour of for strike action - 23/02/10
British Airways cabin crew have voted overwhelmingly in favour of strike action over job security, pay and working conditions

FTSE 100 begins Tuesday in confident manner rising 0.5 per cent - 23/02/10
The FTSE 100 rose slightly on Tuesday morning, up half a per cent, thanks to strong trading in the mining sector

Banks, miners unable to stop FTSE 100 slipping at close of play - 22/02/10
The FTSE 100 closed 6

Lufthansa pilots begin four-day strike over pay and job security - 22/02/10
Around 3,000 Lufthansa flights have been cancelled after the airline's pilots' union went on strike after negotiations over pay and job security collapsed

Hundreds left stranded after Eurostar train breaks down - 22/02/10
Eurostar officials have begun investigating yet another breakdown which left over 700 people stranded in darkness on Sunday night

FTSE 100 inches up in early trading at start of week - 22/02/10
The FTSE 100 was up 10

Tories unveil 'people's bonus' shares plan for bailed out banks - 22/02/10
Shadow chancellor George Osborne has drafted a "people's bonus" plan which offers the public the opportunity to buy cheaper shares in state-owned banks

Aggreko helps FTSE 100 end Friday up 0.62 per cent - 19/02/10
The FTSE 100 ended the week on Friday up 0

Corus starts mothballing Teeside plant as workers plan strike - 19/02/10
Steelmaker Corus is to start mothballing its Redcar plant in Teesside today after 170 years of production at the site, as unions ballot workers for strike action

Union loses battle to prevent BA imposing cost-cutting plans - 19/02/10
British Airways cabin crew have lost a high court bid to prevent the airline from imposing a series of cost-cutting plans, including a pay freeze and cutting crew numbers on long-haul flights

European Commission approves Microsoft/Yahoo plans - 19/02/10
Microsoft has today won unconditional EU approval to buy Yahoo's internet search engine in a deal aimed at challenging Google market dominance

Burberry helps FTSE 100 rise slightly in early trading on Friday - 19/02/10
By 09:40 GMT this morning Britain's leading share index was up 0

FTSE 100 up almost one per cent as miners reverse earlier losses - 18/02/10
Britain's leading share index the FTSE 100 was up 0

Britain posts first ever January budget deficit, ONS says - 18/02/10
Britain posted its first ever January budget deficit last month, borrowing a further £4

Ladbrokes announces 28 per cent drop in profits for 2009 - 18/02/10
UK betting firm Ladbrokes has described last year as a "challenging" one after revealing profits fell by 28 per cent as a result of the economic crisis

Jobs at risk after British Readers Digest files for administration - 18/02/10
Over 100 jobs have been put at risk after the British subsidiary of the world's largest-selling circulation magazine Reader's Digest filed for administration on Wednesday

FTSE 100 down marginally in early trade on Thursday - 18/02/10
Britain's leading share index the FTSE 100 was down marginally in early trading today as mining gains were reversed

Man Group dominates Wednesday trading as FTSE 100 rises - 17/02/10
The FTSE 100 ended Wednesday up 0

Sir Richard Branson backs Conservatives over deficit plans - 17/02/10
Sir Richard Branson has added his voice to a chorus of critiques of the government's handling of the deficit by claiming it poses a "serious" risk to Britain's economic recovery

UK unemployment falls marginally, official figures show - 17/02/10
UK unemployment fell by just 3,000 between October and December 2009, official figures have revealed, with total number of people out of work standing at 2

Toyota apologises over recall and plans new safety measures - 17/02/10
Japanese carmaker Toyota has apologised to customers following a huge global recall and said it will be introducing a new brake-override system on new motors

Man Group helps FTSE 100 continue its steady rise - 17/02/10
The investment management business Man Group helped the FTSE 100 record impressive gains in early trading on Wednesday morning

Huge Barclays profit announcement helps FTSE 100 soar - 16/02/10
The FTSE 100 rose an impressive 1

Inflation up to 3.5% in January, but 'no nasty upward surprises' - 16/02/10
Inflation in the UK rose to 3

Barclays announces profits up 92% as top bosses turn down bonuses - 16/02/10
Barclays has revealed its full-year profits rose 92 per cent to £11

Barclays leads FTSE 100 gains following massive profit boost - 16/02/10
The FTSE 100 rose by almost one per cent in early trading on Tuesday, led by Barclays following its announcement of a massive rise in annual profits in 2009

Pension gender gap continues to grow, survey finds - 16/02/10
The pension income gender gap is continuing to grow, a new study has found, with women expected to receive an average of £7,424 less than their male counterparts

Barclays helps drag FTSE 100 up half a per cent on Monday - 15/02/10
The FTSE 100 was up almost half a per cent (0

Further public sector job cuts predicted by leading thinktank - 15/02/10
Employment prospects in the UK are set to worsen in 2010, with one in three public sector employers planning to cut jobs, a report has forecast

British businesses call on next government to reduce deficit - 15/02/10
British businesses have told the government it must reduce the country's deficit as well as recommending the rise in National Insurance contributions (NICs) should be scrapped

British Airways helps FTSE 100 begin week in positive fashion - 15/02/10
British Airways helped the FTSE 100 begin the week in positive fashion this morning with the London index rising over 40 points in early trading

FTSE 100 closes down 0.36% as miners reverse early gains - 12/02/10
Britain's leading share index closed down Friday as miners reversed early gains and China's central bank announced it was raising banks' reserves requirements

Eurozone recovery stalls in final quarter as Germany flatlines - 12/02/10
Germany's economy faltered in the final quarter of 2009, with GDP figures showing no growth, dragging down the entire eurozone overall as a result

Eurostar travel chaos inquiry criticises 'insufficient' support - 12/02/10
A report into the failures which led to travel chaos for Eurostar passengers over Christmas found help for those stranded was "insufficient"

BA probes suspension of staff who 'intimidated volunteers' - 12/02/10
British Airways has reportedly suspended 15 members of staff after announcing it said it will not tolerate the "intimidation" of employees

FTSE 100 up 0.6 in early trade, buoyed by Rio Tinto and Xstrata - 12/02/10
Britain's leading share index was up 0

Rio Tinto reports rise in full-year profits - 12/02/10
The world's third largest mining company Rio Tinto has reported its net profits rose to $4

EU president says deal reached over Greek debt crisis - 12/02/10
Eurozone leaders have agreed a deal to help Greece tackle its debt crisis, European Council president Herman van Rompuy has said

FTSE 100 registers steady gains in face of BT slump - 11/02/10
The FTSE 100 ended Thursday up over half a per cent, despite BT suffering a serious slump as concerns were raised over its pension fund deficit

Traders continue to back miners helping FTSE 100 to rise - 11/02/10
The FTSE jumped around one per cent in early trading on Thursday, led by rallying commodity issues

FTSE 100 up 0.4% at end of trade, Wednesday - 10/02/10
The FTSE 100, Britain's leading share index, gained 0

Bank governor Mervyn King: Strength of recovery highly uncertain - 10/02/10
The Bank of England has announced that it expects inflation to peak higher than three per cent in the coming months

FTSE 100 rises 0.6 per cent led by financials in early trade - 10/02/10
Britain's leading share index, the FTSE 100, rose by 0

Chief executive of Financial Services Authority Hector Sants resigns - 10/02/10
Hector Sants has resigned as chief executive of the Financial Services Authority, it has been confirmed

Miners dominate gains as FTSE 100 finishes up slightly - 09/02/10
The FSTE 100 ended Tuesday up slightly with the mining sector dominating the gains

Government gives green-light to TV product placement - 09/02/10
Product placement is to be permitted on UK television programmes, the government has confirmed after a three-month consultation

Taxpayer contribution towards financial stability 'truly staggering' - 09/02/10
The extent of taxpayer support towards maintaining financial stability in the UK has been "truly staggering", an influential committee of MPs has said

FTSE 100 continues steady progress - 09/02/10
The FTSE 100 continued its steady progress to the week on Tuesday opening up almost half a per cent

Randgold surge helps FTSE 100 register positive start to the week - 08/02/10
The FTSE 100 began the week in impressive style; ending the day up over half a per cent on the back of impressive trading figures for the mining company Randgold Resources

Santander 'considering floating on UK stock exchange' - 08/02/10
There are reports the Spanish bank Santander could be considering floating a stake in its UK arm on the London Stock Exchange

Randgold profits hand FTSE 100 welcome start - 08/02/10
The FTSE 100 began Monday in positive fashion, up almost one per cent in the first hour of trading

Toyota planning Prius recall, reports claim - 08/02/10
Reports from Japan suggest car manufacturer Toyota could recall its Prius model in the US and Japan after concerns about the model's breaks

ICAP causes FTSE 100 to end week down - 05/02/10
The FTSE 100 slumped significantly at the end of the week, thanks in main due to a profits warning from the inter-dealer broker ICAP

Personal insolvency figures at record high - 05/02/10
A record number of people were declared insolvent in England and Wales during the last quarter of 2009, official figures have revealed

Tube maintenance workers begin strike - 05/02/10
Hundreds of London Underground maintenance workers have begun the first of a series of 24-hour strikes this morning in protest over new roster arrangements

FTSE dragged down in early Friday trading - 05/02/10
The FTSE 100 slipped 1

Shell predicts 'uncertain' year ahead - 05/02/10
Royal Dutch Shell has today announced its profits were hit by weak demand in 2009 and said it would be axing 1,000 jobs in 2010

British Gas slashes prices by an average 7% - 05/02/10
The largest energy supplier to homes in the UK, British Gas, has today announced it will be cutting prices to the average household by seven per cent

Miners send FTSE 100 to three-month low - 04/02/10
Significant drops in the mining sector caused the FTSE 100 to plunge to a three-month low on Thursday

China hits back at US currency accusations - 04/02/10
China has hit back in its ongoing spat with the US by dismissing suggestions made by Barack Obama that it was artificially depressing its currency to gain a trade advantage

Civil servant strike ballot gets underway - 04/02/10
A national strike ballot of civil servants will begin today over a dispute about changes to a national compensation scheme

Miners still a big drag on FTSE 100 - 04/02/10
The FTSE 100 fell 35

Bank of England halts quantitative easing - 04/02/10
The Bank of England announced today it has halted quantitative easing (QE) and held interest rates at 0

Miners drag FTSE 100 down at close of play - 03/02/10
The FTSE 100 closed down 30

Economic expansion will be 'moderate' - 03/02/10
A leading thinktank has predicted the country's economy will expand at a 'moderate tempo' during the next two years

Govt facing legal action over RBS bailout - 03/02/10
The government is facing legal action over its decision to inject yet more taxpayers' money into the state-owned Royal Bank of Scotland

FTSE up despite AstraZeneca slump - 03/02/10
The FTSE 100 rose 0

Osborne sets out benchmarks for economy - 03/02/10
George Osborne has set out a series of benchmarks against which he claims the success of the Conservative economic plans will be judged

Miners and banks help FTSE 100 recover - 02/02/10
The mining and banking sectors helped the FTSE 100 recover from a disappointing morning to end Tuesday up over half a per cent

Unite heads to high court over BA dispute - 02/02/10
The union Unite is due to head back to the high court today over a dispute with British Airways (BA) over the pay and conditions of its cabin crew

Kraft confirms takeover of Cadbury - 02/02/10
US food giant Kraft has officially completed its takeover of British confectioner Cadbury

BP results cause FTSE 100 to slide - 02/02/10
The FTSE 100 slipped lightly in early trading on Tuesday following the announcement by BP that its annual profits had fallen by 45 per cent

RBS gets FTSE 100 off to healthy start - 01/02/10
Impressive gains by Royal Bank of Scotland helped the FTSE 100 record a healthy start to the week on Monday

Tory deficit, spending plans 'in disarray' - 01/02/10
Conservative spending plans look in chaos after David Cameron appeared to contradict George Osborne within hours of him insisting immediate action was needed to tackle the deficit

UK sees mortgage approvals dip in December - 01/02/10
The UK has seen a slight dip in the number of mortgages approved for home purchase during December

Ryanair losses narrow as passengers return - 01/02/10
Budget airline Ryanair has revealed losses in the third quarter (Q3) were "better than expected" with 16 million passengers booking low fare flights

Water firms help stabilise FTSE 100 - 01/02/10
Water companies helped steady the FTSE 100 in early trading on Monday

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