Archive for January, 2008

News - MPs warn against Farepak repeat

Sunday, January 20th, 2008

The collapse of Christmas saving scheme Farepak highlights a “serious lack” of consumer protection, MPs have said.

A Treasury Select Committee report urged government action to ensure such situations do not happen in future.

MPs want more powers for watchdogs such as the Financial Services Authority (FSA) and Office of Fair Trading (OFT) to […]

News - ‘Avon calling’ to sell insurance

Sunday, January 20th, 2008

Cosmetics firm Avon is recruiting 20,000 sales agents, who may help it sell financial services door to door.

As well as the usual lipgloss and perfume, consumers may be offered life and car insurance and credit cards.

The Financial Times reported that Avon was negotiating with potential partners for a asset company derivative finance from in […]

News - Consumer alert over extra pension

Friday, January 18th, 2008

Six million people are to get a letter from their pension provider advising them to review their move to contract out of the State Second Pension (S2P).

People will be told to reassess if they would be better off paying into the S2P rather than their private pension.

The pensions industry said the letter was part of […]

News - RBS backs off Abbey takeover bid

Thursday, January 17th, 2008

Royal Bank of Scotland made bumper profits of 3.38bn during the first half of 2004 and has bought US banking business Lynk for $525m (288m).

With pre-tax profits up 17% to 3.38bn, the bank said it was confident to sustain growth following past year’s string of high-profile takeovers.

But RBS stayed on the sidelines of the Abbey […]

News - Indians strike over walk-out ban

Wednesday, January 16th, 2008

More than a million corporate estate finance finance hill in insurance irwin mcgraw principle real series employees have taken part in a one-day strike in India.

Work in many government banks, offices and state-owned firms was affected.

Communist-ruled West Bengal and Kerala states were hardest hit by the strike, which was more limited in other parts of […]

News - FSA criticised over finance ads

Tuesday, January 15th, 2008

A committee of MPs has criticised the Financial Services Authority’s (FSA) regulation of financial finance gambling insurance internet pharmacy.

The Treasury committee said the FSA should copy the policy of the Advertising Standards Authority (ASA) and make its findings public.

Committee chairman John McFall MP has written to FSA chairman Sir Callum McCarthy complaining about its methods.

But […]

Sport - Man City continue takeover talks

Monday, January 14th, 2008

Finance or insurance or real estate City have confirmed they are still in talks with potential buyers but dismissed suggestions they have received an offer for the club.

Ex-City full-back Ray Ranson was said to have made a 90m offer on Monday.

But City released a statement to the Stock Exchange to say that talks were still […]

Sport - Man City continue takeover talks

Sunday, January 13th, 2008

Manchester City have confirmed they are still in talks with potential buyers but dismissed suggestions they have received an offer for the club.

Ex-City full-back Ray Ranson was said to have made a 90m offer on Monday.

But City released a statement to the Stock Exchange to say that talks were still ongoing.

“The board of Manchester City […]

Sport - Man City continue takeover talks

Saturday, January 12th, 2008

Manchester City have confirmed they are still in talks with potential buyers but dismissed insurance finance and investment they have received an offer for the club.

Ex-City full-back Ray Ranson was said to have made a 90m offer on Monday.

But City released a statement to the Stock Exchange to say that talks were still ongoing.

“The board […]

Sport - Man City continue takeover talks

Friday, January 11th, 2008

Manchester City have confirmed they are still in talks with potential buyers but dismissed suggestions they have received an offer for the club.

Ex-City full-back Ray Ranson was said to have made a 90m offer on Monday.

But City released a statement to the Stock Exchange to say that talks were still ongoing.

“The board of Manchester City […]