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News Archive
July 2008
Simple IVA's news pages, keep an eye on the latest Finance & Money News.1 in 4 students staying at home to save cash - 31/07/08
A quarter of students starting university in September will stay at home to save cash
A quarter of students starting university in September will stay at home to save cash
Nationwide: House price falls reach new low - 31/07/08
Property prices are now falling at the fastest rate since Nationwide began recording data in 1991, according to the building society's latest house price index
Property prices are now falling at the fastest rate since Nationwide began recording data in 1991, according to the building society's latest house price index
Unilever share price drops on flat sales - 31/07/08
Unilever saw its share price fall over seven per cent this morning after results showed flat sales
Unilever saw its share price fall over seven per cent this morning after results showed flat sales
FTSE 100 holds gains - 31/07/08
The FTSE 100 held on to yesterday's gains this morning on a busy day for the markets with a raft of company announcements
The FTSE 100 held on to yesterday's gains this morning on a busy day for the markets with a raft of company announcements
Centrica profits fall 20% - 31/07/08
Centrica – the owner of British Gas – announced its profits dropped 20 per cent to £992 million for the first half of the year
Centrica – the owner of British Gas – announced its profits dropped 20 per cent to £992 million for the first half of the year
Tips to be taken out of minimum wage - 31/07/08
Minimum wage payments will no longer include tips under new government plans
Minimum wage payments will no longer include tips under new government plans
Consumer confidence lowest on record - 31/07/08
Consumer confidence fell to the lowest level on record, according to the GfK NOP Consumer Confidence Barometer
Consumer confidence fell to the lowest level on record, according to the GfK NOP Consumer Confidence Barometer
British Gas hikes gas prices 35% - 30/07/08
British Gas owner Centrica is hiking gas prices by 35 per cent and electricity prices by nine per cent
British Gas owner Centrica is hiking gas prices by 35 per cent and electricity prices by nine per cent
Aviva profits up 12% - 30/07/08
Insurer Aviva today reported a 12 per cent rise in operating profit to £1
Insurer Aviva today reported a 12 per cent rise in operating profit to £1
Eight arrested in insider trading ring probe - 30/07/08
Eight people in London and the south-east were arrested yesterday as a part of a major insider trading investigation, the regulator the Financial Services Authority (FSA) has revealed
Eight people in London and the south-east were arrested yesterday as a part of a major insider trading investigation, the regulator the Financial Services Authority (FSA) has revealed
Baby boomers keep Britain going - 30/07/08
Baby boomers are keeping Britain on its feet, according to the latest Mintel research
Baby boomers are keeping Britain on its feet, according to the latest Mintel research
Mortgage revival plans see crunch lasting to 2010 - 29/07/08
Plans to 'tackle market imperfections' and ease the credit crunch and revive UK mortgage market were put forward today in a Treasury-backed report
Plans to 'tackle market imperfections' and ease the credit crunch and revive UK mortgage market were put forward today in a Treasury-backed report
Merrill Lynch: $5.7bn loss, $8.5bn raised - 29/07/08
US investment bank Merrill Lynch is to write down $5
US investment bank Merrill Lynch is to write down $5
FTSE 100 holds firm - 28/07/08
The FTSE 100 stood firm over Monday, before falling at the end of the day
The FTSE 100 stood firm over Monday, before falling at the end of the day
RBS to sell Tesco Personal Finance - 28/07/08
Royal Bank of Scotland (RBS) is selling its 50 per cent stake in Tesco Personal Finance (TPF) to the supermarket
Royal Bank of Scotland (RBS) is selling its 50 per cent stake in Tesco Personal Finance (TPF) to the supermarket
Hometrack: House prices lowest for decade - 28/07/08
The latest research from property information service Hometrack find the rate of decline in UK property prices has continued to accelerate
The latest research from property information service Hometrack find the rate of decline in UK property prices has continued to accelerate
UK land prices hit record high - 28/07/08
While prices for arable land in the UK have hit record highs in the UK, according to the Royal Institution of Chartered Surveyors (Rics), commercial property may be on the verge of a slump
While prices for arable land in the UK have hit record highs in the UK, according to the Royal Institution of Chartered Surveyors (Rics), commercial property may be on the verge of a slump
Brits 'scared off' saving way out of debt by jargon - 25/07/08
Potential savers are put off setting money aside in savings accounts by financial jargon, according to industry experts
Potential savers are put off setting money aside in savings accounts by financial jargon, according to industry experts
EDF Energy ups prices for 5m - 25/07/08
EDF Energy is increasing its electricity prices by 17 per cent and its gas prices by 22 per cent from today
EDF Energy is increasing its electricity prices by 17 per cent and its gas prices by 22 per cent from today
HBOS targeted for takeover - 25/07/08
US investment bank JP Morgan is in talks over plans to break up Halifax Bank of Scotland (HBOS)
US investment bank JP Morgan is in talks over plans to break up Halifax Bank of Scotland (HBOS)
Government pushed to promote saving - 24/07/08
More needs to done to encourage Brits to save more in the economic downturn, insurers demanded today
More needs to done to encourage Brits to save more in the economic downturn, insurers demanded today
easyJet cuts flights as oil prices rise - 24/07/08
EasyJet is to cut flights in response to high oil prices, following a similar from budget rival Ryanair last week
EasyJet is to cut flights in response to high oil prices, following a similar from budget rival Ryanair last week
Lenders are 'fuelling problem of credit card debt' - 23/07/08
Lenders are contributing to the UK's credit card debt problem by hiking rates on their products, it has been claimed
Lenders are contributing to the UK's credit card debt problem by hiking rates on their products, it has been claimed
Bank split on 'difficult' interest rate decision - 23/07/08
The Bank of England was split three ways on the future cost of borrowing this month as it faced a "difficult" decision
The Bank of England was split three ways on the future cost of borrowing this month as it faced a "difficult" decision
British finances squeezed - 23/07/08
Britain is feeling the squeeze of the credit crunch, rising prices and economic downturn, but they are refusing to get their knickers in a twist, new research reveals
Britain is feeling the squeeze of the credit crunch, rising prices and economic downturn, but they are refusing to get their knickers in a twist, new research reveals
Vodafone: £1bn share buy back - 23/07/08
Vodafone is launching a £1 billion share buyback scheme, in a surprise decision
Vodafone is launching a £1 billion share buyback scheme, in a surprise decision
Surge in Scottish bankruptcies fuels fears of debt epidemic - 22/07/08
Bankruptcy numbers in Scotland have doubled since the introduction of new debt rules to facilitate the process, new figures have shown
Bankruptcy numbers in Scotland have doubled since the introduction of new debt rules to facilitate the process, new figures have shown
Supermarkets cut petrol prices - 22/07/08
Asda, Morrisons and Sainsbury are to cut their petrol prices as oil prices fall
Asda, Morrisons and Sainsbury are to cut their petrol prices as oil prices fall
UK will 'struggle to avoid recession' - 21/07/08
The UK economy will struggle to avoid recession in 2009
The UK economy will struggle to avoid recession in 2009
Treasury could rewrite rulebook as borrowing hits record high - 18/07/08
The Treasury could re-write its own borrowing rules, as public sector borrowing rose to £7
The Treasury could re-write its own borrowing rules, as public sector borrowing rose to £7
FTSE 100 dips on opening - 18/07/08
The FTSE 100 fell on opening this morning, but has managed to hold on to yesterday's gains
The FTSE 100 fell on opening this morning, but has managed to hold on to yesterday's gains
Gas bills to rise over £1,000 - 18/07/08
Domestic gas prices could increase to over £1,000 a year in the coming years
Domestic gas prices could increase to over £1,000 a year in the coming years
Ryanair grounds planes as oil prices rise - 17/07/08
Ryanair is closing seven European bases and ground eight planes at Stansted this winter
Ryanair is closing seven European bases and ground eight planes at Stansted this winter
JPMorgan earnings fall - 17/07/08
JPMorgan Chase has posted an earnings fall of 53 per cent, as the credit crunch continues to bite Wall Street
JPMorgan Chase has posted an earnings fall of 53 per cent, as the credit crunch continues to bite Wall Street
Equitable Life compensation demanded - 17/07/08
Victims of the Equitable Life near collapse should receive compensation, the Parliamentary Ombudsman ruled today
Victims of the Equitable Life near collapse should receive compensation, the Parliamentary Ombudsman ruled today
Unemployment rise largest since 1992 - 16/07/08
The number of people claiming unemployment benefits increased at the fastest rate since 1992, according to figures released by the Office for National Statistics (ONS) today
The number of people claiming unemployment benefits increased at the fastest rate since 1992, according to figures released by the Office for National Statistics (ONS) today
FTSE 100 continues falls - 16/07/08
The FTSE 100 this morning continued yesterday's fall as the market slipped after a brief opening fillip
The FTSE 100 this morning continued yesterday's fall as the market slipped after a brief opening fillip
Current accounts 'failing customers' - 16/07/08
The UK current account market is not working for consumers, a report by the Office of Fair Trading (OFT) finds today
The UK current account market is not working for consumers, a report by the Office of Fair Trading (OFT) finds today
UK and Ireland bottom of Euro quality of life league - 16/07/08
Quality of life in the UK and Ireland is lowest among ten European countries
Quality of life in the UK and Ireland is lowest among ten European countries
FTSE 100 drops over 2% as banks battered - 15/07/08
The FTSE 100 was down over two per cent today, as more economic bad news hit the markets
The FTSE 100 was down over two per cent today, as more economic bad news hit the markets
Rics: Housing transactions hit all time low - 15/07/08
Housing transaction levels hit an all time low during June, according to the latest figures from the Royal Institution of Chartered Surveyors (Rics)
Housing transaction levels hit an all time low during June, according to the latest figures from the Royal Institution of Chartered Surveyors (Rics)
Cameron: Labour economic joyride needs repair - 15/07/08
David Cameron today blasted the government for taking the economy for a joyride, leaving it in need of repair
David Cameron today blasted the government for taking the economy for a joyride, leaving it in need of repair
High street sales drop - 15/07/08
UK high street sales dropped in June after a brief May shopping rise
UK high street sales dropped in June after a brief May shopping rise
Tax breaks 'could help long-term sick' - 14/07/08
The government should use tax incentives to push companies towards more rehabilitation for the long-term sick, a report says
The government should use tax incentives to push companies towards more rehabilitation for the long-term sick, a report says
Alliance & Leicester confirms takeover talks - 14/07/08
Alliance & Leicester (A&L) has confirmed it is in an "advanced stage" of takeover talks with a Spanish bank
Alliance & Leicester (A&L) has confirmed it is in an "advanced stage" of takeover talks with a Spanish bank
Profit warnings hit seven-year high - 14/07/08
UK profit warnings rose 11 per cent compared with last year in the second quarter of 2008
UK profit warnings rose 11 per cent compared with last year in the second quarter of 2008
FTSE 100 up on opening - 14/07/08
The FTSE 100 jumped on opening on news of US mortgage bail outs and a bid for Alliance & Leicester
The FTSE 100 jumped on opening on news of US mortgage bail outs and a bid for Alliance & Leicester
New Darling group to ensure London keeps its edge - 14/07/08
A new government industry group chaired by Alistair Darling is being set up to make sure London's crown as a world-leading financial centre does not slip
A new government industry group chaired by Alistair Darling is being set up to make sure London's crown as a world-leading financial centre does not slip
New town failures not examined - 11/07/08
Plans to create ten new eco-towns have ignored lessons from the last wave of new towns after the second world war
Plans to create ten new eco-towns have ignored lessons from the last wave of new towns after the second world war
Shopper numbers fall - 11/07/08
Shopper numbers in June fell back, after a May rises bucked the downwards trend
Shopper numbers in June fell back, after a May rises bucked the downwards trend
Illegal lenders fuelling UK debt problem - 10/07/08
Hundreds of thousands of Britons are taking on debt from illegal lenders, it has been claimed
Hundreds of thousands of Britons are taking on debt from illegal lenders, it has been claimed
Third straight rate hold from Bank - 10/07/08
The Bank of England today maintained interest rates at five per cent for the third month running
The Bank of England today maintained interest rates at five per cent for the third month running
FTSE 100 falls 1.75% - 10/07/08
Volatility continued to reign in London this morning with the FTSE 100 falling 1
Volatility continued to reign in London this morning with the FTSE 100 falling 1
Economy set to escape recession - 09/07/08
Economic growth will fall to levels last seen in 1992, but we should avoid a recession
Economic growth will fall to levels last seen in 1992, but we should avoid a recession
UK consumer confidence falls further - 09/07/08
Most Brits now fear the economy will worsen as consumer confidence falls further
Most Brits now fear the economy will worsen as consumer confidence falls further
Over-50s risking problem debt to pay living costs - 08/07/08
Britons in their fifties are increasingly piling up credit card debt to cover the soaring cost of living, a new survey has shown
Britons in their fifties are increasingly piling up credit card debt to cover the soaring cost of living, a new survey has shown
Job vacancies fall for first time since 2003 - 08/07/08
Demand for permanent staff fell for the first time in five years – as the UK economy weakens
Demand for permanent staff fell for the first time in five years – as the UK economy weakens
Mega rich keep spending - 08/07/08
The arts and antique market is thriving, as the world's super rich carry on spending despite economic woe
The arts and antique market is thriving, as the world's super rich carry on spending despite economic woe
FTSE 100 up 1.5% - 07/07/08
The FTSE 100 headed over the 5500 mark today – before dipping to close at 5494
The FTSE 100 headed over the 5500 mark today – before dipping to close at 5494
Debt problems 'piling up' for Britons - 07/07/08
Britons added to the UK debt mountain during the first quarter of this year in a further sign of the pressure that higher prices and soaring mortgage costs is putting on finances
Britons added to the UK debt mountain during the first quarter of this year in a further sign of the pressure that higher prices and soaring mortgage costs is putting on finances
Debt-hit consumers warned of worsening job market - 07/07/08
New job market figures suggest that unemployment is set to rise in the coming months, in the latest blow for debt hit Britons
New job market figures suggest that unemployment is set to rise in the coming months, in the latest blow for debt hit Britons
Debt-hit Brits 'worse off than in 2003' - 07/07/08
Higher credit card debt repayments and soaring living costs have left British households 15 per cent worse off than they were five years ago, it has been claimed
Higher credit card debt repayments and soaring living costs have left British households 15 per cent worse off than they were five years ago, it has been claimed
Persimmon expected to axe 1,000 staff - 07/07/08
Housebuilder Persimmon is set to cut 1,000 jobs, according to a report in the Telegraph
Housebuilder Persimmon is set to cut 1,000 jobs, according to a report in the Telegraph
Origin dismisses BG £6.7bn offer - 04/07/08
Australian energy group Origin Energy has told shareholders to reject a £6
Australian energy group Origin Energy has told shareholders to reject a £6
Brits 15% worse off than 5 years ago - 04/07/08
UK households are now 15 per cent worse off than five years ago, according to a now report
UK households are now 15 per cent worse off than five years ago, according to a now report
Credit card firms urged to do more to curb debt levels - 03/07/08
Credit card lenders must share some of the blame for the increase in debt levels among Britons, the head of a leading debt consultancy has claimed
Credit card lenders must share some of the blame for the increase in debt levels among Britons, the head of a leading debt consultancy has claimed
Brits take on debt to help with housing costs - 03/07/08
Soaring mortgage repayments and rents are prompting more and more Britons to take on fresh debt, a new survey has shown
Soaring mortgage repayments and rents are prompting more and more Britons to take on fresh debt, a new survey has shown
US employment falls in June - 03/07/08
Non-agricultural employment in the US fell for the sixth month in a row in June, with 62,000 jobs lost over the month
Non-agricultural employment in the US fell for the sixth month in a row in June, with 62,000 jobs lost over the month
Euro interest rates hiked - 03/07/08
The European Central Bank (ECB) today increased eurozone interest rates by a quarter of a per cent as inflation hits record levels
The European Central Bank (ECB) today increased eurozone interest rates by a quarter of a per cent as inflation hits record levels
Oil hits $146 in London - 03/07/08
Brent crude oil topped $146 in London this morning, following New York crude oil highs of $144 yesterday
Brent crude oil topped $146 in London this morning, following New York crude oil highs of $144 yesterday
US treasury head warns of high oil prices - 03/07/08
US treasury secretary Henry Paulson today warned high oil prices increase risks to the US economy
US treasury secretary Henry Paulson today warned high oil prices increase risks to the US economy
Illegal music file sharers sent warning letters - 03/07/08
Virgin Media is to write to hundreds of customers warning them about illegal music file sharing
Virgin Media is to write to hundreds of customers warning them about illegal music file sharing
FTSE 100 drops 1% - 02/07/08
The FTSE 100 saw minor gains drift away at the end of the day to end a shade off one per cent down
The FTSE 100 saw minor gains drift away at the end of the day to end a shade off one per cent down
Petrol prices add to consumers' debt worries - 02/07/08
Millions of Britons, who are likely to be already struggling with debt repayments, are cutting back on groceries spending to keep their car on the road, a new study has revealed
Millions of Britons, who are likely to be already struggling with debt repayments, are cutting back on groceries spending to keep their car on the road, a new study has revealed
Income shortfall for debt-struck Brits - 02/07/08
Thousands of debt-hit Britons are living on a wage which is below the minimum needed to enjoy a reasonable lifestyle, a new survey has revealed
Thousands of debt-hit Britons are living on a wage which is below the minimum needed to enjoy a reasonable lifestyle, a new survey has revealed
Homeowners unprepared for more costly mortgage debt - 01/07/08
Thousands of Britons are set to be hit with higher repayments on their mortgage debt this month, according to figures from a price comparison site
Thousands of Britons are set to be hit with higher repayments on their mortgage debt this month, according to figures from a price comparison site
Brits cut down on credit card debt - 01/07/08
Debt-struck consumers are leaving their credit cards in their wallet in an attempt to rein in spending in the face of increasing pressure on household finances
Debt-struck consumers are leaving their credit cards in their wallet in an attempt to rein in spending in the face of increasing pressure on household finances
FTSE 100 falls 1% on opening - 01/07/08
The FTSE 100 fell over one per cent on opening this morning to 5567
The FTSE 100 fell over one per cent on opening this morning to 5567
Carpetright profits fall 11% - 01/07/08
Retailer Carpetright has become the next victim of the property and credit crunches, posting an 11 per cent fall in profits
Retailer Carpetright has become the next victim of the property and credit crunches, posting an 11 per cent fall in profits
Darling to boost saver protection - 01/07/08
Chancellor Alistair Darling today unveiled plans for new protection for savers, to stop a repeat of the Northern Rock debacle
Chancellor Alistair Darling today unveiled plans for new protection for savers, to stop a repeat of the Northern Rock debacle
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