Alliance & Leicester announces 350 voluntary redundancies at Merseyside
LONDON - Alliance & Leicester has announced that it would be axing 350-poaper processing jobs by the end of 2006 in order to improve efficiency and cut down the retail costs of banking. This move will save around £10 million per year for the seventh-largest mortgage bank in the UK.
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Sat, 28 Jan 2006 20:05 GMT |
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MPC set to keep base rates unchanged despite loud calls for a cut
LONDON - The Bank of England's rate setting Monetary Policy Committee is all set to leave the rates unchanged when it meets for the first time this year on Thursday, but market gurus are calling for a speedy rate cut in order to kick start the economy.
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Mon, 09 Jan 2006 06:05 GMT |
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IMF gives green signal to $685 million Iraq loan
WASHINGTON - The International Monetary Fund (IMF) has agreed to grant a $685 million (£395 million) loan for the process of rebuilding of Iraq. This loan will go towards helping the Iraqi economy recover over the next 15 months.
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Mon, 26 Dec 2005 08:10 GMT |
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Yes Car Credit closure to hit 820 jobs
LONDON - Provident Financial, the owner of Yes Car Credit has said that it will be closing the business sine it was no longer viable. Talks of finding a possible buyer collapsed last week and Provident said that there was no business sense in continuing to back the company.
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Wed, 14 Dec 2005 20:50 GMT |
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Bank of England does not touch interest rates
LONDON - The Bank of England today elected to keep the interest rates on hold at 4.5 percent. Even though this move was largely expected, analysts are still skeptical about which way the Bank is going to move in Future.
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Thu, 08 Dec 2005 20:20 GMT |
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Home credit market uncompetitive, says report
According to Competition Commission, the £2 billion-a-year home credit market seems to be uncompetitive, though customers seem happy with the service they receive.
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Fri, 28 Oct 2005 15:15 GMT |
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Katrina victims lie in waiting SBA computers are ‘slow’
The Katrina catastrophe doesn’t seem to be over as yet since its victims are still struggling to get their lives back on track, what with the U.S. Small Business Administration failing to deliver loan cheques to companies till now.
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Fri, 30 Sep 2005 17:05 GMT |
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Government nod for Airbus loan
LONDON - Europe's top plane maker, Airbus is quietly confident that the government would grant a £379 million loan to the company within the next few days. This confidence stems from the fact that Britain stands to lose out on vital manufacturing jobs as well as technology if the loan application were to be rejected.
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Mon, 19 Sep 2005 19:05 GMT |
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