Citizens Advice says payment protection insurance is a mess
LONDON - Leading charity Citizens Advice has accused banks of mis-selling payment protection insurance (PPI) and has sought an investigation into the matter in a “super complaint” lodged with the Office of Fair Trading (OFT).
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Sat, 17 Sep 2005 06:35 GMT |
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Slow growth predicted for secured loans market over the next five years
LONDON - Market analyst Datamonitor has said that the rate at which homeowners apply for loans secured on their property is on the wane and could decline significantly over the next few years. The market for secured loans is set to grow at 5.3 percent a year between 2005 and 2009, the firm said. Datamonitor said that the reining in on loans is an extension of the soft landing for the UK housing market.
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Fri, 16 Sep 2005 17:55 GMT |
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Provident indicates to sell Yes Car Credit
Provident Financial admitted yesterday that it could be forced to sell its Yes Car Credit division if the new management was unsuccessful in turning it around. Yes Car Credit sells second hand cars as well as offers loans to people who have been turned down elsewhere due to their poor credit histories.
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Thu, 15 Sep 2005 18:05 GMT |
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Ovum analyst leaks details of iTunes phone launch
Roger Entner an analyst with researcher Ovum in Boston has blown the lid off secret plans to launch an iTunes phone. Apple was reported to be on the verge of announcing a partnership with Motorola, the handset maker, and Cingular Wireless, the mobile service provider. This partnership is expected to take the responsibility to market the iTunes compatible phone.
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Thu, 01 Sep 2005 05:05 GMT |
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Tesco to take over 30 petrol stations from Wm Morrison
LONDON - Britain's numero uno supermarket chain Tesco was on the verge of adding 30 petrol stations and related shops to its portfolio after it made an offer to that effect to rival William Morrison. The stores are valued at around £55 million and have come onto the market following the Morrison/Safeway merger in March 2004.
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Wed, 31 Aug 2005 21:05 GMT |
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Royal Bank of Scotland acquires 10 percent stake in Bank of China
LONDON/BEIJING - The Royal Bank of Scotland has joined hands with Merrill Lynch and Hong Kong billionaire Li Ka Shing and has acquired a 10 percent stake in the Bank of China in a deal worth $3.1 billion (£1.7 billion). RBS would contribute $1.6 billion towards this amount.
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Fri, 19 Aug 2005 06:05 GMT |
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Royal & Sun Alliance reports 79 percent rise in first-half profits
LONDON - General insurer Royal & Sun Alliance has reported a 79 percent surge in first-half profits even as its proposed exit from the US market reaches a decisive stage. RSA said that its operating profits for the six months ending June 30 stood at £329 million as against the £184 million that was reported at the same time last year.
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Sat, 13 Aug 2005 09:05 GMT |
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Tories tense over financing of EU students
Expenses on EU students could now heighten, with the Higher Education Minister, Bill Rammell, stating that around 6,000 students from the European Union would be entitled to receive £10 million as maintenance grants and £40 million as loans from the coming year.
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Wed, 10 Aug 2005 18:35 GMT |
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Calls for rate cut increase as ONS figures show dismal growth
New figures released by the Office for National Statistics show that the UK economy has recorded the worst ever growth in over 12 years. These numbers have once again shifted the focus back to the Bank of England, which is coming under increasing pressure to cut the interest rates, which have stood steady at 4.75 percent over the past eleven months.
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Sun, 24 Jul 2005 09:05 GMT |
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