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News Archive
June 2009
Simple IVA's news pages, keep an eye on the latest Finance & Money News.Poor US consumer confidence rocks FTSE 100 - 30/06/09
The FTSE 100 saw a dramatic sell off mid-afternoon today leaving the index closing down 1
The FTSE 100 saw a dramatic sell off mid-afternoon today leaving the index closing down 1
Lloyds Banking Group to cut further 2,113 jobs - 30/06/09
Lloyds Banking Group has announced it will be slashing a further 2,113 jobs over the next three years
Lloyds Banking Group has announced it will be slashing a further 2,113 jobs over the next three years
SFO freezes $100m of Stanford assets - 30/06/09
The Serious Fraud Office (SFO) has announced it has obtained a restraining order on over $100 million (£60 million) of assets linked to Texan billionaire Sir Allen Stanford
The Serious Fraud Office (SFO) has announced it has obtained a restraining order on over $100 million (£60 million) of assets linked to Texan billionaire Sir Allen Stanford
FTSE 100 down 0.4% in early trading - 30/06/09
The FTSE 100 started the day with a drop below 4,300 after yesterday's gains
The FTSE 100 started the day with a drop below 4,300 after yesterday's gains
Mortgage approvals rise 'modestly' as remortgaging falls - 29/06/09
Mortgage approvals in May rose slightly while remortgaging hit a real low
Mortgage approvals in May rose slightly while remortgaging hit a real low
Government spending set to reach 50 per cent of GDP - 29/06/09
Government spending is set to reach 50 per cent of GDP in the UK by next year
Government spending is set to reach 50 per cent of GDP in the UK by next year
Madoff facing 150-year prison sentence - 29/06/09
Bernard Madoff is due to be sentenced later today after being found guilty of running one of the largest fraud schemes ever seen
Bernard Madoff is due to be sentenced later today after being found guilty of running one of the largest fraud schemes ever seen
FTSE 100 matches US drops - 26/06/09
The FTSE 100 started Friday with a jump and then dropped steadily throughout the day, following falls in the US
The FTSE 100 started Friday with a jump and then dropped steadily throughout the day, following falls in the US
Lindsey oil refinery dispute 'ends' - 26/06/09
A deal has apparently been reached ending the long-running dispute at the Lindsey oil refinery
A deal has apparently been reached ending the long-running dispute at the Lindsey oil refinery
FTSE 100 jumps in early trading - 26/06/09
The FTSE 100 started Friday with a jump, following positive trading in the US
The FTSE 100 started Friday with a jump, following positive trading in the US
Woolworths returns as online store - 25/06/09
Much-loved UK retailer Woolworths is to return to the market online, after being forced into administration earlier this year
Much-loved UK retailer Woolworths is to return to the market online, after being forced into administration earlier this year
Mortgage approvals rise to 13-month high - 23/06/09
Mortgage approvals rose to a 13-month high in May as the housing market continues to show potential signs of a slow recovery
Mortgage approvals rose to a 13-month high in May as the housing market continues to show potential signs of a slow recovery
Wildcat strikers given the sack by Total - 19/06/09
Oil giant Total has sacked almost 900 members of staff at the Lindsey oil refinery for taking unofficial strike action
Oil giant Total has sacked almost 900 members of staff at the Lindsey oil refinery for taking unofficial strike action
FTSE 100 bounces back from poor retail sales - 18/06/09
The FTSE 100 was hit today as retail figures proved worse than expected, but the index managed to pull itself out of the doldrums
The FTSE 100 was hit today as retail figures proved worse than expected, but the index managed to pull itself out of the doldrums
Public borrowing hits record levels - 18/06/09
UK public sector borrowing hit record levels last month adding yet more pressure on the public finances, official figures out today show
UK public sector borrowing hit record levels last month adding yet more pressure on the public finances, official figures out today show
Mortgage lending drops in May - 18/06/09
Mortgage lending fell two per cent during the month of May, new figures from the Council of Mortgage Lenders (CML) published today show
Mortgage lending fell two per cent during the month of May, new figures from the Council of Mortgage Lenders (CML) published today show
FTSE 100 drops in early trading - 18/06/09
The FTSE 100 was down in early trading as gains and losses were spilt across sectors
The FTSE 100 was down in early trading as gains and losses were spilt across sectors
Upbeat Darling at odds with Bank governor - 18/06/09
Alistair Darling has said he is confident the UK economy will return to growth in the new year, while the governor of the Bank of England has urged the government to grant him more regulatory powers
Alistair Darling has said he is confident the UK economy will return to growth in the new year, while the governor of the Bank of England has urged the government to grant him more regulatory powers
Obama seeks 'transformation' of US financial regulation - 18/06/09
Barack Obama has unveiled sweeping, landmark reforms of the United States financial system in a bid to prevent such a powerful recession from striking again
Barack Obama has unveiled sweeping, landmark reforms of the United States financial system in a bid to prevent such a powerful recession from striking again
Unemployment increases to 2.26 million - 17/06/09
The number of people unemployed in the UK rose to 2
The number of people unemployed in the UK rose to 2
British Airways ask staff to work for free - 17/06/09
British Airways has asked thousands of its staff to work for no pay for up to a month to help the airline survive
British Airways has asked thousands of its staff to work for no pay for up to a month to help the airline survive
Tesco announces 4.3 per cent rise in sales - 16/06/09
Supermarket giant Tesco has announced UK sales rose 4
Supermarket giant Tesco has announced UK sales rose 4
UK inflation drop continues to slow - 16/06/09
Annual inflation in the UK slowed once more in May with the Consumer Prices Index (CPI) falling to 2
Annual inflation in the UK slowed once more in May with the Consumer Prices Index (CPI) falling to 2
More than 60,000 take up car scrappage scheme - 15/06/09
Figures published today show more than 60,000 people have taken up the government's new car scrappage scheme
Figures published today show more than 60,000 people have taken up the government's new car scrappage scheme
UK economic recovery to be 'slow and gradual' - 15/06/09
The UK's economic recovery is set to be slow and gradual with growth not returning until next year, the Confederation of British Industry (CBI) has warned
The UK's economic recovery is set to be slow and gradual with growth not returning until next year, the Confederation of British Industry (CBI) has warned
West Bromwich Building Society announces debt deal - 12/06/09
West Bromwich Building Society has announced a deal with debt investors which is expected to secure its financial future
West Bromwich Building Society has announced a deal with debt investors which is expected to secure its financial future
White collar job losses 'rising rapidly' - 12/06/09
The number of managers and professional employees claiming Jobseekers Allowance has risen rapidly during the last year, new research shows
The number of managers and professional employees claiming Jobseekers Allowance has risen rapidly during the last year, new research shows
Tube strike: Second day of travel chaos - 11/06/09
London commuters are enduring a second day of travel heartache over the ongoing strike by tube workers
London commuters are enduring a second day of travel heartache over the ongoing strike by tube workers
Icelandic banking collapse 'should have been seen' - 11/06/09
The warning signs over the Icelandic banking collapse were there for English councils to see, an influential committee of MPs has argued
The warning signs over the Icelandic banking collapse were there for English councils to see, an influential committee of MPs has argued
FTSE 100 down despite economic forecast - 11/06/09
Positive forecasts for the economy failed to move the FTSE 100 higher in early trading, and the index dropped 0
Positive forecasts for the economy failed to move the FTSE 100 higher in early trading, and the index dropped 0
UK recession 'may have ended in March' - 10/06/09
Britain may have come out of recession two months ago, an economic thinktank said on Wednesday
Britain may have come out of recession two months ago, an economic thinktank said on Wednesday
Tube strike begins after 11th hour talks fail - 10/06/09
Commuters and tourists face two days of travel chaos after last-ditch talks to avert a 48-hour strike failed
Commuters and tourists face two days of travel chaos after last-ditch talks to avert a 48-hour strike failed
FTSE 100 ends unchanged - 09/06/09
The FTSE 100 saw a quiet day today with early optimism lost as the index ended where it started
The FTSE 100 saw a quiet day today with early optimism lost as the index ended where it started
Lloyds to cut 1,660 jobs - 09/06/09
Lloyds Banking Group has confirmed the closure of all Cheltenham and Gloucester branches, with 1,660 jobs set to be lost
Lloyds Banking Group has confirmed the closure of all Cheltenham and Gloucester branches, with 1,660 jobs set to be lost
Thomas Cook parent company files for bankruptcy - 09/06/09
Fears have been raised for the future of Thomas Cook after its parent company filed for bankruptcy in Germany
Fears have been raised for the future of Thomas Cook after its parent company filed for bankruptcy in Germany
FTSE 100 up as sterling sees Brown bounce - 09/06/09
The FTSE 100 saw gains in morning trading, with rises for miners and Lloyds Banking – while sterling was back up after recent political uncertainties surrounding Gordon Brown
The FTSE 100 saw gains in morning trading, with rises for miners and Lloyds Banking – while sterling was back up after recent political uncertainties surrounding Gordon Brown
Tube strike latest: Crunch talks collapse - 09/06/09
A 48-hour strike on the London Underground is almost certain to take place after talks between company bosses and unions ended without resolution
A 48-hour strike on the London Underground is almost certain to take place after talks between company bosses and unions ended without resolution
UK tax debt 'massive and growing' - 09/06/09
The amount of money owed to UK tax authorities is 'enormous and still growing', MPs have warned
The amount of money owed to UK tax authorities is 'enormous and still growing', MPs have warned
Hundreds of jobs to go as LDV goes into administration - 08/06/09
Birmingham-based van-maker LDV has gone into administration, threatening up to 2,000 UK jobs
Birmingham-based van-maker LDV has gone into administration, threatening up to 2,000 UK jobs
87 per cent of Lloyds shares snapped up - 08/06/09
Investors have bought 87 per cent of shares offered by Lloyds Banking Group, it has been announced
Investors have bought 87 per cent of shares offered by Lloyds Banking Group, it has been announced
Global downturn 'worse than 9/11' for airlines - 08/06/09
The global recession is having a more detrimental effect upon the financial health of the world's airlines than the aftermath of the September 11th terrorist attacks, it was claimed today
The global recession is having a more detrimental effect upon the financial health of the world's airlines than the aftermath of the September 11th terrorist attacks, it was claimed today
Iceland to compensate UK savers - 07/06/09
Iceland has agreed to begin repaying British savers after the UK government had to intervene in the wake of the failure of the Scandinavian state's banking system
Iceland has agreed to begin repaying British savers after the UK government had to intervene in the wake of the failure of the Scandinavian state's banking system
FTSE 100 rises with gains for miners - 05/06/09
The FTSE 100 was up on Friday with gains for miners leading the way
The FTSE 100 was up on Friday with gains for miners leading the way
Liverpool owners post £42m loss - 05/06/09
The holding company controlled by Liverpool co-owners Tom Hicks and George Gillett has announced losses of more than £40 million in the year to August 2008
The holding company controlled by Liverpool co-owners Tom Hicks and George Gillett has announced losses of more than £40 million in the year to August 2008
FTSE 100 up 1.5% with gains for miners - 05/06/09
The FTSE 100 was up in early trading today with strong gains for miners
The FTSE 100 was up in early trading today with strong gains for miners
Interest rates held for fourth straight month - 04/06/09
The Bank of England has held interest rates at 0
The Bank of England has held interest rates at 0
May boon for UK house prices - 04/06/09
The sharpest monthly increase in UK house prices in seven years was felt last month, the Halifax has said
The sharpest monthly increase in UK house prices in seven years was felt last month, the Halifax has said
FTSE 100 up in early trading - 04/06/09
The FTSE 100 recovered in early trading by one per cent to 4,427
The FTSE 100 recovered in early trading by one per cent to 4,427
Consumer confidence rises to six-month high - 03/06/09
Consumer confidence in the UK rose to a six-month in May, figures released today show
Consumer confidence in the UK rose to a six-month in May, figures released today show
FTSE 100 heads lower in early trade - 03/06/09
The FTSE 100 was heading down in morning trading and dropped by 1
The FTSE 100 was heading down in morning trading and dropped by 1
New Labour changes 'helped collapse of UK banks' - 02/06/09
The tripartite system of financial regulation that Gordon Brown created when Labour came into power ten years ago directly contributed to the current financial crisis and made it worse then the recession began, an influential report claimed today
The tripartite system of financial regulation that Gordon Brown created when Labour came into power ten years ago directly contributed to the current financial crisis and made it worse then the recession began, an influential report claimed today
Summer weather sees increased profits for Kingfisher - 02/06/09
Kingfisher has announced a surprise 40 per cent rise in profits for the first quarter of this year, in main due to the increased sales at its DIY chain B&Q as a result of the recent good weather
Kingfisher has announced a surprise 40 per cent rise in profits for the first quarter of this year, in main due to the increased sales at its DIY chain B&Q as a result of the recent good weather
Ryanair reports first loss in 20 years - 02/06/09
Ryanair has reported its first ever annual loss, announcing €169 million (£146 million) was lost in the year up to March
Ryanair has reported its first ever annual loss, announcing €169 million (£146 million) was lost in the year up to March
How the west was lost: Economic dominance ends in 2009 - 02/06/09
The worldwide recession will this year end western dominance of the global economy, six years than earlier forecast, a new report has claimed
The worldwide recession will this year end western dominance of the global economy, six years than earlier forecast, a new report has claimed
End of the road: General Motors files for bankruptcy - 01/06/09
General Motors has filed for bankruptcy protection in one of the biggest failures in US corporate history
General Motors has filed for bankruptcy protection in one of the biggest failures in US corporate history
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