Internet sales: Wishing you a virtual Christmas
Posted in News on Dec 4th, 2008
Stores were braced, yesterday, for an online shopping frenzy as credit crunch experts predicted a record £13 billion would be spent on internet sales in one day.
Category Archive for 'News'
Banks to defy base rate
Posted in News on Nov 17th, 2008
News Week: 17th November 2008
Despite many shops experiencing a slump in sales, online retailer ASOS have defied the recession and have reportedly doubled sales, increasing profits by 68% in the past six months. This offers hope to other online retailers, who fear for their economic safety.
Banks look to beat the base rate
Posted in News on Nov 10th, 2008
News Week: 10th November 2008
With the banks fearing that interest rates from the Bank of England could be set at 0% resulting in no profit, many high street banks such as Halifax, Britain’s largest mortgage lender, have introduced small print into its loans to allow them to charge up to 3% higher in interest, than [...]
Lloyds TSB: Taxpayers Subsidise Billions to save from nationalisation
Posted in News on Nov 3rd, 2008
News Week: 3rd November 2008
When Lloyds TSB received a £4b cash injection of tax payer’s money government hardly expected the repayment to happen within the year, however that is what has been announced by Lloyds today.
Share prices set to hit 13 year low
Posted in News on Oct 27th, 2008
News Week: 27th October 2008
It was another black Monday with lots of bad financial news to start the week. £50bn was wiped off of share prices including Marks and Spencer, Stagecoach, ITV, Prudential and HBOS.
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