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  • Misery for passengers as BA union unveils strike dates

    Talks aimed at averting industrial action at British Airways (BA) collapsed earlier this week and, as a result, Unit has today announced BA cabin crew members will strike for three days from March 20 and for four days from March 27. Last month, BA‘s 12,000 cabin crew members voted to take industrial...
    Posted to Finance on 03-12-2010
    Filed under: All Financial News, Economy News, March, Company News, Unite, union, BA, British Airways, cabin crew, passengers, strike, dates, cost-cutting measures
  • Report reveals “accounting gimmicks” used at Lehman

    Accountancy firm Ernst & Young (E&Y) has been criticised in a 2,200-page report over the collapse of Lehman Brothers, and could face legal action as a result. The report has accused E&Y of negligence, while senior management at the bank were said to be involved in “lazy accounting gimmicks...
    Posted to Finance on 03-12-2010
    Filed under: All Financial News, report, Banking News, collapse, senior executives, Ernst & Young, legal action, Lehman Brothers, examiner, Repo 105, accounting gimmicks, Jenner & Block, Anton Valukas
  • Consumers warned 2010 will be difficult

    British consumers should expect to face more financial difficulty this year than during 2009, a financial expert has claimed. Richard Perks, director of retail research at Mintel, said it is “obvious” that living costs are going to rise while income is squeezed. The tough times are “really...
    Posted to Finance on 03-12-2010
    Filed under: All Financial News, Economy News, recession, inflation, 2010, financial difficulties, Richard Perks
  • House sales plummet but prices recover to 2007 levels

    Since the start of the year, house sales in England and Wales have fallen dramatically, the BBC reports. New data obtained by the BBC from research-based consultancy, Acadametrics, show January transaction levels down 52% on December, at 36,000. February looks little better with an estimated 40,000 completed...
    Posted to Finance on 03-12-2010
    Filed under: All Financial News, Property News, February, January, sales, Wales, England, average house price, Acadametrics, transaction levels
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