Archive for finance news

Thriving Dubai is an export oasis as eurozone crisis deepens

| November 18, 2012 | 0 Comments

By Helen Loveless, Financial Mail On Sunday PUBLISHED: 10:14 EST, 18 November 2012 | UPDATED: 10:14 EST, 18 November 2012 With the eurozone deeper in crisis it is little surprise that firms considering exporting are being urged to look further afield. Figures from the latest HSBC Global Connections report show that UK exports to the […]

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Fidelity China Special Situations Investment Trust: Performance remains poor as guru targets small firms

| November 18, 2012 | 0 Comments

By Richard Dyson, Financial Mail On Sunday PUBLISHED: 10:53 EST, 18 November 2012 | UPDATED: 10:53 EST, 18 November 2012 China’s leadership change has reminded Western investors of the inscrutable processes that govern the world’s second biggest economy. Tens of thousands of small British savers have exposure to China, often via high-profile funds such as […]

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COMET closing down sales start

| November 17, 2012 | 0 Comments

By Harry Glass PUBLISHED: 07:32 EST, 17 November 2012 | UPDATED: 10:31 EST, 17 November 2012 Stricken electricals retail chain Comet will close 41 stores within a fortnight unless a buyer can be found, administrators confirmed today, making redundancies ‘inevitable’. However, administrators Deloitte said they would look to place staff from closing stores into other […]

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FTSE CLOSE: Markets red Obama action fiscal cliff

| November 16, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:29 EST, 16 November 2012 | UPDATED: 12:25 EST, 16 November 2012 17:25 (CLOSE): World markets remained in the red today on fears over the global economy as President Barack Obama pledged to tackle America’s looming fiscal cliff as “urgent business”. London’s FTSE 100 Index closed another 1.3 per […]

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Card Protection Plan Limited fined £10m and told to pay £15m compensation for selling ‘worthless’ cover

| November 15, 2012 | 0 Comments

Banking giants could be next in line to be penalised over mis-selling fiasco By Rachel Rickard Straus PUBLISHED: 05:34 EST, 15 November 2012 | UPDATED: 12:46 EST, 15 November 2012 A card protection firm that sold insurance through HSBC and Santander has been hit with a multimillion-pound fine for mis-selling its products. Card Protection Plan […]

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Prudential is first to reveal new gender-equal pricing

| November 13, 2012 | 0 Comments

By Adam Uren PUBLISHED: 12:46 EST, 13 November 2012 | UPDATED: 12:56 EST, 13 November 2012 Pension savers have been given hope that changes to annuity pricing, forced on Britain by new European Union rules, will be more favourable than feared. Prudential, one of Britain’s biggest insurer, became the first this week to take the […]

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FTSE CLOSE: London market wavers on fiscal cliff; Bad day for outsourcing firms as G4S and Serco falls

| November 12, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:31 EST, 12 November 2012 | UPDATED: 12:37 EST, 12 November 2012 17.25 (CLOSE): Uncertainty over whether US political rivals will agree a crucial spending and taxation deal drove a volatile run on the London market today. Fears that the US risks slipping into recession if hundreds of billions […]

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Sunday newspaper share tips: Staffline, Aviva, G4S and Deigeo

| November 11, 2012 | 0 Comments

PUBLISHED: 12:53 EST, 11 November 2012 | UPDATED: 12:53 EST, 11 November 2012 We round up the Sunday newspaper share tips: This week: Staffline, Aviva, G4S and Deigeo Read the full Financial Mail on Sunday Midas column here and sign up to exclusive share tips from Midas Extra here. Tips: We round up all the tips […]

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Prudential is first insurer to close gender gap

| November 11, 2012 | 0 Comments

By Stephen Womack PUBLISHED: 12:29 EST, 11 November 2012 | UPDATED: 12:55 EST, 11 November 2012 new rules: Saran Allott-Davey of Heron House Financial Management in Newport, Gwent, says falling prices for men will not balance out higher rates for women. Prudential will tomorrow end centuries of tradition and become the first insurer to set […]

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Viagra maker Pfizer pays virtually no corporation tax in UK despite £1.8bn turnover

| November 10, 2012 | 0 Comments

Global pharmaceutical giant Pfizer, one of the largest suppliers of drugs to the NHS, did not pay any corporation tax in the UK last year The company joins a growing list of giants that have used legal techniques to pay little or no tax in the UK MPs will grill senior executives from companies including […]

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