Archive for January, 2010

PwC survey reveals fears over double-dip recession

A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.)
Last week, official figures revealed that the UK economy grew by 0.1% between the October and December period, suggesting that [...]

GSK to axe 4,000 jobs as it shifts focus

As part of a major restructure, Britain’s largest drugs company GlaxoSmithKline (GSK) is to slash 4,000 positions, according to The Sunday Times.
According to press reports, the job losses are part of plans to shift its focus to emerging markets, such as China which has greater potential to increase sales growth.
The company has a global workforce [...]

Could now be the time to sell your shares?

Stock markets have had a roller-coaster month, zooming up one minute only to drop back down the next.

financial strategy,

Blunder as £483k bill sent to dead mother

West Bromwich Building Society threw John Perry out of the home that had belonged to his mother until her death – but are still sending her bills

John Perry

Savers need patience after Chelsea rescue

It will take time before Yorkshire’s approval of ‘merger’ translates into better deals

Anthony and Chris Cocker at the Yorkshire Building Society general meeting

Mutual members furious over bosses’ pay

Savers’ returns have plunged, but bosses’ pay has continued to soar. Now members want to know why executives are not sharing their pain

Ron Enfield and his wife Sheila