Archive for February 11th, 2010

Number of vacant High Street stores continue to rise

Research by the British Property Federation Retail Summit has revealed that the some British towns are turning into ghost towns as shoppers continue to avoid the High Street, in favour of online shopping.
A recent study by the Centre for Retail Research (CRR) and shopping comparison website Kelkoo, found that UK shoppers spent more online than [...]

Sports Direct International leads London markets higher

European equities markets were mixed Thursday as London markets saw gains but major markets on the continent were lower on the session.
The FTSE 100 added 0.57 percent to 5,161.48 in London, while the FTSE 250 was 0.7 percent higher to 9,127.85.
Sporting goods retailer Sports Direct International (LSE: SPD) added 7.94 percent on the 250 for [...]

Pensions income drops 70% in a decade

The value of the average pensions pot has plummeted 60% over the past decade, according to research by Moneyfacts.co.uk.
The financial advice site blamed a combination of poor stock market returns and plunging annuity rates.
During the same period, the average pensions income has fallen by almost three quarters.
The pensions income of a male who has contributed [...]

Bill Nighy supports Robin Hood tax campaign

Bill Nighy has pledged his support for a campaign to impose a “Robin Hood tax” on speculative financial transactions between banks.
The actor, famous for his roles in Pirates of the Caribbean and Love Actually, has joined forces with director Richard Curtis to make a three-minute film explaining how the tax would work.
In the film, Nighy [...]

EU agrees to work with Greece over debts

After the summit meeting in Brussels today, EU leaders have agreed to work with Greece to tackle its spiralling debts.
Last week, the Greek Government announced tough austerity measures to tackle the country’s spiralling debt.
The country’s runaway budget deficit is currently more than four times the EU limit of 3%. It currently has the highest [...]

BAE to cut further 230 jobs

Defence giant BAE Systems has today announced plans to axe 230 staff at its submarine site in Barrow-in-Furness.
The job losses are part of a business review and follow the 2,300 job cuts made last year, which were the result of a lack of future contracts.
The company, which is Europe’s largest defence contractor, has a [...]