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News Archive
March 2009
Simple IVA's news pages, keep an eye on the latest Finance & Money News.M&S sale figures continue to fall - 31/03/09
Marks and Spencers has reported like-for-like sales fell by 4
Marks and Spencers has reported like-for-like sales fell by 4
Government's "one-size-fits-all" policy killing local pubs - 31/03/09
The government's narrow minded approach to regulating pubs is killing the industry, according to a report published today
The government's narrow minded approach to regulating pubs is killing the industry, according to a report published today
Dunfermline to be rescued by Nationwide - 30/03/09
Dunfermline Building Society is to be rescued by Nationwide, the Bank of England confirmed this morning
Dunfermline Building Society is to be rescued by Nationwide, the Bank of England confirmed this morning
FTSE 100 drops over 3.5% on Spanish bank bailout - 30/03/09
The FTSE 100 fell over three per cent on Monday – as concerns for banks returned
The FTSE 100 fell over three per cent on Monday – as concerns for banks returned
FTSE 100 down 2% in early trading - 30/03/09
The FTSE 100 dropped over two per cent in early trading, as traders maintained their levels of caution
The FTSE 100 dropped over two per cent in early trading, as traders maintained their levels of caution
Protesters march through London calling for change - 28/03/09
Tens of thousands of people marched through central London today to call for a "fundamental change" to the global financial and economic system
Tens of thousands of people marched through central London today to call for a "fundamental change" to the global financial and economic system
Dunfermline building society on sale after 'collapse' - 28/03/09
The Dunfermline will be put up for sale after the building society all but collapsed, it has been reported
The Dunfermline will be put up for sale after the building society all but collapsed, it has been reported
UK economy sees greatest drop since 1980 - 27/03/09
The UK economy is contracting at the fastest pace in 29 years, according to revised GDP figures out today
The UK economy is contracting at the fastest pace in 29 years, according to revised GDP figures out today
Ofgem calls for changes to direct debit payments - 27/03/09
"Significant improvements" on how gas and electricity companies charge customers through direct debit were demanded today
"Significant improvements" on how gas and electricity companies charge customers through direct debit were demanded today
Third of Britons overspending despite recession - 27/03/09
Almost a third of Brits are overspending and run the risk of falling into debt, new research shows
Almost a third of Brits are overspending and run the risk of falling into debt, new research shows
ISA limit 'could rise to £10,000' - 27/03/09
Alistair Darling could increase the amount that can be saved in an ISA to £10,000 in next month's Budget
Alistair Darling could increase the amount that can be saved in an ISA to £10,000 in next month's Budget
Councils 'failed to heed warnings' over Iceland savings - 26/03/09
Local councils failed to heed warnings over the safety of £954 million of deposits invested in Icelandic banks
Local councils failed to heed warnings over the safety of £954 million of deposits invested in Icelandic banks
FTSE 100 up 0.6% - 26/03/09
The FTSE 100 saw a relatively flat day today, but traders saw no time for breath after earlier turbulence in the week
The FTSE 100 saw a relatively flat day today, but traders saw no time for breath after earlier turbulence in the week
Britons unwilling to change lifestyle in face of recession - 26/03/09
Experts warn people in Britain experiencing their first recession are less prepared to compromise their lifestyle and are leaving themselves vulnerable to debt
Experts warn people in Britain experiencing their first recession are less prepared to compromise their lifestyle and are leaving themselves vulnerable to debt
HSBC cuts 1,200 UK jobs - 25/03/09
HSBC is to cut 1,200 jobs in the UK, but the bank maintains no branch positions will be lost
HSBC is to cut 1,200 jobs in the UK, but the bank maintains no branch positions will be lost
March 25th: The UK pays its debts for 2009 - 25/03/09
Today marks the day when Brits stop servicing their debts are start working for themselves and not their bank
Today marks the day when Brits stop servicing their debts are start working for themselves and not their bank
Sir Fred Goodwin's home attacked - 25/03/09
The home of former Royal Bank of Scotland (RBS) boss Sir Fred Goodwin has been attacked by vandals
The home of former Royal Bank of Scotland (RBS) boss Sir Fred Goodwin has been attacked by vandals
UK inflation shows surprise rise - 24/03/09
Official statistics out today show inflation has risen, against widespread predictions of deflation
Official statistics out today show inflation has risen, against widespread predictions of deflation
AIG execs hand back controversial bonuses - 24/03/09
Nine of the ten executives who received controversial bonuses at the US insurance giant AIG have agreed to return them
Nine of the ten executives who received controversial bonuses at the US insurance giant AIG have agreed to return them
BoE admits savers could face charges for savings - 24/03/09
The governor of the Bank of England Mervyn King has admitted banks may have to start charging customers for holding deposits as interest rates drop
The governor of the Bank of England Mervyn King has admitted banks may have to start charging customers for holding deposits as interest rates drop
US to clean up $500bn of toxic bank assets - 23/03/09
The Obama administration has announced a new scheme to buy up as much as $500 billion (£343
The Obama administration has announced a new scheme to buy up as much as $500 billion (£343
FTSE 100 rises 2.9% on US $1tn toxic asset clean-up - 23/03/09
The FTSE 100 pushed towards the 4,000 mark today for the first time since February
The FTSE 100 pushed towards the 4,000 mark today for the first time since February
Dunfermline savers urged to be calm over loss speculation - 23/03/09
Dunfermline Building Society is believed to be in crunch talks over its survival as it struggles with a reported £26 million loss
Dunfermline Building Society is believed to be in crunch talks over its survival as it struggles with a reported £26 million loss
Energy customers to get greater punch against utilities - 23/03/09
Ofgem is to give consumers more powers against gas and electricity companies stopping firms overcharging some households
Ofgem is to give consumers more powers against gas and electricity companies stopping firms overcharging some households
FTSE 100 up 1.5% as financials see US boost - 23/03/09
The FTSE 100 started the week on a positive note, jumping over the 3,900 mark on opening
The FTSE 100 started the week on a positive note, jumping over the 3,900 mark on opening
Consumers continue using cash during recession - 23/03/09
Despite the claims of some banks research has shown consumers are continuing to use cash as the most popular method of payment during the current recession
Despite the claims of some banks research has shown consumers are continuing to use cash as the most popular method of payment during the current recession
Northern Rock: Lessons to be learned - 20/03/09
The government should have stopped Northern Rock from offering risky 125 per cent mortgages while the bank received emergency loans, a report has found
The government should have stopped Northern Rock from offering risky 125 per cent mortgages while the bank received emergency loans, a report has found
FTSE 100 falls flat after rocky week - 20/03/09
The FTSE 100 ended the day, and a volatile week, up 0
The FTSE 100 ended the day, and a volatile week, up 0
US politicians move against banking bonuses - 20/03/09
Plans to strip high-paid banking executives of their bonuses in the United States are gathering steam
Plans to strip high-paid banking executives of their bonuses in the United States are gathering steam
FTSE 100 dips in early trading - 20/03/09
The FTSE 100 followed its afternoon falls from yesterday on Friday morning – dropping 0
The FTSE 100 followed its afternoon falls from yesterday on Friday morning – dropping 0
Unemployment breaks two million barrier - 18/03/09
Theresa May, Conservative shadow work and pensions secretary, said: "This is a grim milestone that no one wanted to reach
Theresa May, Conservative shadow work and pensions secretary, said: "This is a grim milestone that no one wanted to reach
UK economy will take longest to recover: IMF - 18/03/09
Britain will take longer than any other major economy to recover from the global recession, the International Monetary Fund (IMF) had predicted
Britain will take longer than any other major economy to recover from the global recession, the International Monetary Fund (IMF) had predicted
700 tonnes of Easter egg packaging to be cut - 18/03/09
Plastic packaging on Easter eggs this year is set to be cut by at least 700 tonnes in response to consumer concern over plastic waste
Plastic packaging on Easter eggs this year is set to be cut by at least 700 tonnes in response to consumer concern over plastic waste
PM admits responsibility but no apology for recession - 17/03/09
Gordon Brown has said he takes "full responsibility" for his role in the banking failures which led to the recession today
Gordon Brown has said he takes "full responsibility" for his role in the banking failures which led to the recession today
Under-fire minister blames RBS board for Sir Fred pension - 17/03/09
City minister Paul Myners has again pointed the finger of blame over Sir Fred Goodwin's pension at the Royal Bank of Scotland (RBS) board
City minister Paul Myners has again pointed the finger of blame over Sir Fred Goodwin's pension at the Royal Bank of Scotland (RBS) board
FTSE 100 falls 1.17% as financial rally fizzles - 17/03/09
The FTSE 100 has reversed some of its gains in early trading after yesterday's surge as a rally in financials fizzled out
The FTSE 100 has reversed some of its gains in early trading after yesterday's surge as a rally in financials fizzled out
New bank could save Post Office - 17/03/09
A coalition of groups is calling on the government to establish a state-run bank out of the nation's post offices
A coalition of groups is calling on the government to establish a state-run bank out of the nation's post offices
Bernanke says recovery possible by end of year - 16/03/09
Chairman of the Federal Reserve Ben Bernanke declared last night he expects to see the US recover from recession by the beginning of 2010
Chairman of the Federal Reserve Ben Bernanke declared last night he expects to see the US recover from recession by the beginning of 2010
Barclays confirms Treasury talks on bad asset protection - 16/03/09
Barclays has confirmed it is in talks to take part in the government's Asset Protection Scheme (APS) to insure bad assets
Barclays has confirmed it is in talks to take part in the government's Asset Protection Scheme (APS) to insure bad assets
Boost for London sales despite big freeze - 16/03/09
The heaviest snowfall to hit London in two decades and the recession could not prevent a rise in retail sales in the capital last month
The heaviest snowfall to hit London in two decades and the recession could not prevent a rise in retail sales in the capital last month
AIG to cut 2009 bonuses - 15/03/09
Insurance group AIG, which has received nearly $180 billion (£129 billion) in three different US government packages, has agreed to review its bonuses for the coming year
Insurance group AIG, which has received nearly $180 billion (£129 billion) in three different US government packages, has agreed to review its bonuses for the coming year
FSA: Banks should be "very frightened" - 13/03/09
Banks should be "very frightened" of the FSA, the chief executive said in a speech outlining the City watchdog's new tougher stance
Banks should be "very frightened" of the FSA, the chief executive said in a speech outlining the City watchdog's new tougher stance
JD Wetherspoon toasts surprise rise in revenue - 13/03/09
Pub chain JD Wetherspoon has bucked the trend of the faltering drinks industry by posting a 6
Pub chain JD Wetherspoon has bucked the trend of the faltering drinks industry by posting a 6
Wen determined to meet downturn with stimulus - 13/03/09
Chinese premier Wen Jiabao has said his government has the economic "ammunition" to follow up its stimulus package with further spending
Chinese premier Wen Jiabao has said his government has the economic "ammunition" to follow up its stimulus package with further spending
Ambitious Darling faces uphill G20 struggle - 13/03/09
Britain hopes to persuade the G20 to commit to more regulation at the finance ministers' summit tomorrow
Britain hopes to persuade the G20 to commit to more regulation at the finance ministers' summit tomorrow
Wall Street rally boosts FTSE 100 - 13/03/09
A surge on the US stock markets lifted the FTSE 100 this morning, propelling the index 62 points higher by 08:35 GMT
A surge on the US stock markets lifted the FTSE 100 this morning, propelling the index 62 points higher by 08:35 GMT
Crime of the century: Madoff pleads guilty - 12/03/09
Bernard Madoff has pleaded guilty to 11 criminal charges over the largest financial fraud in history
Bernard Madoff has pleaded guilty to 11 criminal charges over the largest financial fraud in history
Third of billionaires lose super-rich status - 12/03/09
The global financial crisis has seen 332 people lose their status as dollar billionaires on Forbes magazine's list of the super-rich
The global financial crisis has seen 332 people lose their status as dollar billionaires on Forbes magazine's list of the super-rich
Budget shoppers flock to Morrisons - 12/03/09
Supermarket chain Morrisons has announced a seven per cent rise in full-year earnings after getting "in tune" with the budget shopper's mindset
Supermarket chain Morrisons has announced a seven per cent rise in full-year earnings after getting "in tune" with the budget shopper's mindset
Final salary schemes deficit grows - 11/03/09
The deficit on final salary pension schemes has worsened over February, to £218
The deficit on final salary pension schemes has worsened over February, to £218
Madoff 'to plead guilty' over $50bn fraud - 11/03/09
Bernard Madoff could face up to 150 years in jail if as expected he pleads guilty to 11 criminal charges over what is alleged to be the largest financial fraud in history
Bernard Madoff could face up to 150 years in jail if as expected he pleads guilty to 11 criminal charges over what is alleged to be the largest financial fraud in history
Energy stocks offset financials rally on FTSE 100 - 11/03/09
The FTSE 100 fell back slightly in early trading after yesterday's surge, with energy stocks offsetting a rally in financials
The FTSE 100 fell back slightly in early trading after yesterday's surge, with energy stocks offsetting a rally in financials
Energy stocks lift FTSE 100 above 3,500 - 09/03/09
A rally in energy stocks helped boost the FTSE 100 to close above the 3,500 mark at 3,542
A rally in energy stocks helped boost the FTSE 100 to close above the 3,500 mark at 3,542
OFT cracks down on debt websites - 09/03/09
The Office of Fair Trading (OFT) has ordered 11 financial management businesses websites posing as official or charity debt advice sites to shut them down immediately
The Office of Fair Trading (OFT) has ordered 11 financial management businesses websites posing as official or charity debt advice sites to shut them down immediately
Beating the recession in style - 09/03/09
The creator of the largest fashion week to be held in Britain outside of London says the event is a perfect example of the entrepreneurial spirit needed during harsh economic times
The creator of the largest fashion week to be held in Britain outside of London says the event is a perfect example of the entrepreneurial spirit needed during harsh economic times
Builders' personal data 'sold illegally' - 06/03/09
Personal data of thousands of construction workers could be at risk after a firm was accused of selling data without their consent or knowledge
Personal data of thousands of construction workers could be at risk after a firm was accused of selling data without their consent or knowledge
Compulsory retirement at 65 "legitimate" - 05/03/09
British companies are within their rights in imposing a compulsory retirement age on their workers, Europe's top court has said
British companies are within their rights in imposing a compulsory retirement age on their workers, Europe's top court has said
Aviva sees losses from stock market drops - 05/03/09
Aviva today reported net losses of £885 million for 2008, but said profits were up
Aviva today reported net losses of £885 million for 2008, but said profits were up
Consumer confidence rises slightly in February - 04/03/09
Consumer confidence rose slightly in February with research suggesting people have become more optimistic about the future of the economy
Consumer confidence rose slightly in February with research suggesting people have become more optimistic about the future of the economy
Don't punish women for 'manmade recession' - 04/03/09
A new report published by a prominent women's rights group has called for greater protection for women from what is "literally a manmade recession"
A new report published by a prominent women's rights group has called for greater protection for women from what is "literally a manmade recession"
FTSE 100 drops 3% to six-year low - 03/03/09
The FTSE 100 fell further today – dropping towards the 3,500 level
The FTSE 100 fell further today – dropping towards the 3,500 level
MPs 'appalled' at UKFI - 03/03/09
MPs today hit out about how the body charged with overseeing the government holding in banks could ever be taken seriously
MPs today hit out about how the body charged with overseeing the government holding in banks could ever be taken seriously
FTSE 100 flirts with 13-year lows at lunch - 03/03/09
The FTSE 100 continued its decline this morning – heading to lows last seen in 1996
The FTSE 100 continued its decline this morning – heading to lows last seen in 1996
Northern Rock posts £1.3bn loss - 03/03/09
Nationalised bank Northern Rock has posted pre-tax losses for 2008 of £1,355
Nationalised bank Northern Rock has posted pre-tax losses for 2008 of £1,355
FTSE 100 rallies on banks - 03/03/09
The FTSE 100 has rallied after yesterday’s losses, rising to 3,657
The FTSE 100 has rallied after yesterday’s losses, rising to 3,657
FTSE 100 down 4% at lunch - 02/03/09
The FTSE 100 fell over four per cent at midday today, as global recession fears continued to worry investors
The FTSE 100 fell over four per cent at midday today, as global recession fears continued to worry investors
Mortgage approvals fall further - 02/03/09
Mortgage approvals fell further in January – despite initiatives to kick start lending - Bank of England data show
Mortgage approvals fell further in January – despite initiatives to kick start lending - Bank of England data show
Brown calls for global action to solve crisis - 01/03/09
Prime minister Gordon Brown says he will urge US president Barack Obama to agree to a "global new deal" to solve the global financial crisis
Prime minister Gordon Brown says he will urge US president Barack Obama to agree to a "global new deal" to solve the global financial crisis
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