Archive for the 'economic recovery' Category
Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010.
Last year saw a record 4,161 companies placed in administration (up 1.7% on 2008) and the accountancy firm warns: “There is no light at the end of the tunnel for troubled companies [...]
February 9th, 2010 | Posted in 2009, 2010, All Financial News, Company News, Economy News, Grant Thornton, HM Revenue & Customs, Insolvency Service, Time to Pay, administration, double dip, economic recovery, recession | No Comments
Speaking today at the annual conference of the Confederation of British Industry (CBI), Prime Minister Gordon Brown told business leaders that in order to sustain economic recovery, financial stimulus measures will be kept in place for as long as necessary.
The PM warned that economic recovery would be put at risk if official support was withdrawn [...]
November 23rd, 2009 | Posted in All Financial News, CBI, Confederation of British Industry, David Cameron, Economy News, Nick Clegg, Prime Minister Gordon Brown, annual conference, business leaders, economic recovery, election, stimulus measures | No Comments
US light crude hit $74.49 (£45) a barrel by afternoon in Europe today – after reaching $74.81, its highest intra-day price in ten months, on the back of increasing demand.
Meanwhile, London’s Brent crude was 16 cents higher to $74.35 a barrel.
This resulted in stock rising in BP, Royal Dutch Shell, BG Group and Cairn [...]
August 24th, 2009 | Posted in 10-month high, All Financial News, Asia, Economy News, Europe, US, economic recovery, global, news, oil price, positive, rise, shares | No Comments
Homeowners will be forced to “scramble around” for good value fixed-rate mortgages in the future as interest rates “fly up”, an industry expert has warned.
Jacqueline Thornton, financial planner at Re-Financial Planning, said householders that are currently happy to benefit from currently low-priced standard variable rate mortgages will struggle to find a reasonably priced fixed-rate deal [...]
August 20th, 2009 | Posted in All Financial News, Bank of England, Base rate, Mortgage News, economic recovery, fixed-rate, interest rates, standard variable rate | No Comments
The RBS (RBS) warned this week that the UK’s economy will not start recovery until 2011.
Stephen Hester, chief executive, expects unemployment to continue rising.
The journey to economic recovery will be a “marathon” rather than a “sprint”, Hester said.
“I believe we are coming out of the problems but when we start coming out it doesn’t mean [...]
August 11th, 2009 | Posted in All Financial News, Banking News, Company News, Economy News, RBS, UK, bailout, economic recovery, profit, recession, taxpayer, unemployment | No Comments