May 2009 - Finance -

General Motors expected to file for Chapter 11

Many reports over the weekend have speculated that General Motors (GM) is expected to file for Chapter 11 bankruptcy tomorrow. The century-old car maker, which was once the biggest company in the world, reaches its deadline tomorrow of restructuring the...

Published 05-31-2009 6:43 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, Germany, deal, Company News, Loan News, General Motors, GM, bankruptcy, filing, Lord Peter Mandelson, Opel, Vauxhall, Chapter 11, Magna, June 1

Financial Ramblings: I’m back!

Yeah, I know, I have been quite a lazy blogger for the past month. However, this wasn’t really related to my blog or the fact that I was becoming lazy. Let just say that life sometimes really sucks and I had to deal with other stuff for a while. The good...

Published 05-30-2009 3:10 PM by The Financial Blogger

Filed under: Career, Financial Rambling

Taylor Wimpey leads FTSE 250 gainers

Most equities markets in Europe were higher Friday as banks and miners saw gains. The FTSE 100 added 0.69 percent to 4,417.94 in London, while the FTSE 250 was up 0.71 percent to 7,572, with gains coming as Nationwide Building Society reported that house...

Published 05-29-2009 8:51 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, commodities, Wall Street, Investment News, London equities, European equities, Asia-Pacific equities

OFT clamps down on vehicle matching scam

The Office of Fair Trading (OFT) has declared that “time is up” for vehicle matching rogue traders who cost UK consumers an estimated £3 million a year. Last year, Consumer Direct, OFT’s advice service, received 1,600 complaints about vehicle matching...

Published 05-29-2009 5:59 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, Insurance News, Office of Fair Trading, cars, motor insurance, consumer rights, used cars

Brits declare regional pride

Two thirds of Brits are proud of the region in which they live, according to a poll by Halifax Home Insurance. North-east England is the proudest region, with 73% of Brits living here feeling regional pride. Wales came in second place, with 71% declaring...

Published 05-29-2009 1:10 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, UK, survey, Property News, research, poll, Wales, Halifax Home Insurance, North East, pride, East Midlands, regions

Recession-hit Brits choose homeland holidays

Brits are choosing to holiday in the UK rather than travel overseas, the AA said yesterday, citing record traffic to its online route planner in the lead up to last week’s bank holiday weekend. A record four million drivers visited the journey planning...

Published 05-29-2009 1:06 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, Economy News, recession, UK, research, AA, holidays, bank holiday, route planner

Car scrappage scheme gives sales a ‘major boost’

New figures out today show that more than 35,000 vehicles have been ordered through the Government’s car scrappage scheme since its launch on 18 May. The scheme, which was introduced to boost the fall in demand for new cars, pays consumers to get rid...

Published 05-29-2009 1:01 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, Economy News, Society of Motor Manufacturers and Traders, Government, sales, rise, Company News, Ford, boost, Lord Mandelson, car-scrappage scheme, demand, success, Citroen

Saga launches 3.82% 15-month bond

Saga has launched a new 15-month fixed-rate bond paying interest at 3.82%. Launched yesterday, the Saga Personal Finance Bond guarantees the fixed-rate for the duration of the bond. Savers can open the bond for as little as £1, and can opt to have interest...

Published 05-29-2009 11:42 AM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, savings, new product, Investment News, fixed-rate, interest rate, Saga, bond, yearly interest, monthly interest

Credit crunched Tooth Fairy pays less for wobbly teeth

The Tooth Fairy’s budget has fallen 6% in the last year, according to new research into the habits of magical and mythical creatures. The Tooth Fairy Index (TFI), published this week by the Children’s Mutual, shows the average amount left...

Published 05-29-2009 11:40 AM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, Economy News, recession, research, credit crunch, tooth fairy, Children's Mutual

Survival Guide to a MBA Part1: Surviving the program

I’m now down to my final class of my MBA program. After June, I won’t have classes anymore, just a filthy 100 pages to write with my colleagues for our final project ;-). This series is for those of you thinking about doing the same crazy project as I...

Published 05-29-2009 11:30 AM by The Financial Blogger

Filed under: MBA

Dell hit by weak consumer demand, profits down 63%

Dell, which is the world’s second biggest maker of PCs, has reported a fall in profits of 63% to $290 million (£182 million) in the three months to 1 May, compared with $784 million a year ago. Revenue were down 23% during the three month period to $12...

Published 05-29-2009 8:15 AM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, Economy News, fall, Company News, job losses, profits, demand, Hewlett-Packard, Dell

Nationwide: House prices up 1.2% in May

There are further signs of recovery today in the housing market after the Nationwide has reported a rise in prices of 1.2% in May, compared with April. This takes the average price of a home to £154,016. The Nationwide said house prices fell by 0.4% in...

Published 05-29-2009 8:01 AM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, house prices, Property News, unemployment, Nationwide, rise, caution, recovery, May

Vauxhall’s UK plans won’t close says Mandelson

It emerged earlier today that Vauxhall’s UK plants were at risk of closure after struggling US car maker General Motors (GM) moved to sell off its European arm, which includes Vauxhall and Germany’s Opel. However, Business Secretary, Lord Peter Mandelson...

Published 05-28-2009 6:11 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, Economy News, Company News, car industry, General Motors, GM, closure, Unite, Lord Peter Mandelson, plants, Tony Woodley, Opel, Vauxhall

Wolseley hit by challenging conditions, profits down 80%

Wolseley, which is one of the UK’s largest suppliers to builders, has reported a massive drop in profits today sending its shares plummeting by 15%. The company, which owns the Plumb Center and Build Center chains, said that in the nine months to 30 April...

Published 05-28-2009 5:41 PM by Finance Markets: Finance News - UK Personal Financial News & Financial Markets

Filed under: All Financial News, fall, housing market, Company News, downturn, job losses, profits, demand, slump, products, Wolseley

SAS is the Devil

I've spent the last day debugging a SAS program I wrote about 2 months ago. It was written for a paper that's coming along nicely, but I haven't revisited the data (or the program) for a while. Unfortunately, I didn't document the program...

Published 05-28-2009 1:51 PM by Financial Rounds

Filed under: Academic Research, SAS

May 2009 - Finance

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