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General Motors plans $20bn flotation

More than a year after declaring itself bankrupt, US carmaker General Motors (GM) is planning an initial public offering (IPO) – which is set to be the second largest share sale in US history. The company has filed an official application (called...

Published 08-19-2010 8:14 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Company News, collapse, General Motors, GM, profits, bankruptcy, IPO, Securities and Exchange Commission, flotation

American Apparel facing bankruptcy

It has been revealed that US fashion chain American Apparel is facing bankruptcy. The chain, which has faced much criticism for its provocative and controversial ads, has almost 300 stores worldwide and 14 in the UK. The company is ready to collapse under...

Published 08-18-2010 6:34 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, losses, Debt News, Company News, bankruptcy, Dov Charney, American Apparel

Coventry Building Society announces record results

Coventry Building Society, which is scheduled to finalise its merger with smaller rival Stroud & Swindon next month, has today announced record results for the six months ending June 30. The UK’s third largest building society said pre-tax...

Published 08-18-2010 2:15 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, results, Company News, record, credit rating, consolidation, merger, net lending, first half, Coventry Building Society, Stroud & Swindon

Kiss Flights collapses leaving 13,000 passengers overseas

Approximately 13,000 British holidaymakers are stranded abroad after budget travel firm Kiss Flights has collapsed. The firm, which operated flights to Greece, Egypt, Turkey and the Canary Islands, is the latest in a long line of travel firms that have...

Published 08-18-2010 8:48 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, recession, Company News, collapse, holidaymakers, overseas, stranded, disruption, CAA, blame, ash cloud, Kiss Flights, Flight Options, Icelandic

Q2 like-for-like sales fall at Asda

Supermarket giant Asda has today announced like-for-like sales (excluding fuel) declined by 0.4% in the second quarter. The fall was attributed to the tough austerity measures introduced by the Government, which has hit consumers, according to Asda. “Asda...

Published 08-17-2010 5:56 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, fall, Government, sales, Asda, Company News, consumers, cautious, purchase, outlook, Wal-Mart, austerity measures, Netto, quarter two

BAA and Unite reach agreement to stop airport strike

Travellers can breathe a sigh of relief this morning after it has been announced that airports operator BAA and the Unite union have reached an agreement which will see the threat of strike action called off. A day of talks yesterday between the two parties...

Published 08-17-2010 9:21 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Company News, pay, threat, Unite union, BAA, strike action, airports, Acas, new offer, called off

Union and BAA in talks to avoid airport strike

Talks are ongoing between airports operator BAA and the Unite union to try to avoid strike action which could see six UK airports shut down over the crucial bank holiday period. Face-to-face talks between the two parties are taking place at the central...

Published 08-16-2010 6:13 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, talks, Company News, vote, Unite union, BAA, strike action, avert, Acas, airport closure, pay offer

Credit Suisse to axe 75 British workers

Credit Suisse, which is Switzerland’s second-largest bank, has today announced it will axe 75 jobs at its British operations. “We are currently reducing headcount by approximately 75 in the United Kingdom in the investment bank and certain support...

Published 08-12-2010 6:43 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, UK, Banking News, Company News, job losses, Credit Suisse, Barclays Capital

BAA staff vote in favour for strike action

Travel chaos is looming after airport operator, BAA, has voted in favour of strike action, the Unite union has announced today. BAA, which is majority owned by Spain’s Ferrovial, owns six airports: Heathrow, Stansted, Aberdeen, Edinburgh, Glasgow and...

Published 08-12-2010 6:29 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Company News, vote, pay, Unite union, staff, BAA, favour, strike action, dispute, six airports

Travel chaos looming as BAA votes for strike action

Holidaymakers could be facing further travel chaos after it emerged that airport operator, BAA, has voted for strike action. The results of the ballot are expected later today and Unite members who include fire-fighters, security staff and ground staff...

Published 08-12-2010 9:08 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, results, Company News, pay, travel, Unite union, BAA, strike action, ballot, chaos, six airports

Prudential counts the cost of failed AIA bid

British insurance giant Prudential has said the cost of its failed bid for AIA, the Asian arm of US company American International Group (AIG), is £377 million before tax relief. However, it is less than originally thought. Following the collapse of the...

Published 08-12-2010 8:50 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Insurance News, Prudential, shareholders, Company News, bid, profits, cost, failed, AIA, snub

Companies making “real progress” in profit rebuilding

According to a study by professional services firm Deloitte, 76% of companies in the UK, US and Europe have exceeded City forecasts when reporting their second quarter profits. As a result of the findings of the study which looked at 543 firms, Deloitte...

Published 08-09-2010 1:54 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, results, study, Company News, expectations, boost, exceed, Deloitte, consumer, stock market, quarter two, progress

FSA approves Coventry Building Society merger

The FSA has approved a proposed merger between Coventry Building Society and Stroud & Swindon Building Society. Under the merger the two financial providers will come together from the start of September. The newly formed organisation will be called...

Published 08-06-2010 2:52 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, UK, Mortgage News, Property News, Banking News, Company News, merger, Coventry Building Society, Stroud & Swindon Building Society

Personal insolvencies fall for first time since 2007

Figures today revealed the number of people being declared insolvent in England and Wales may have peaked after falling for the first time since 2007. According to the Insolvency Service, there were 34,743 personal insolvencies in the April to June period...

Published 08-06-2010 1:34 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Debt News, Company News, Insolvency Service, liquidations, insolvencies, quarter two

Social enterprise creates jobs for autistic people

A new social enterprise to help people with autism find jobs has launched in Scotland. Specialisterne Scotland is set to recruit a dozen trainees with autism over the next six months. Those chosen for the programme will undertake four months training...

Published 08-05-2010 3:42 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, UK, Company News, Jobs, ethical finance, social enterprise, autism

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