Christmas shoppers will spend as much this festive season as last year despite the UK remaining in recession, Deloitte has predicted. However, the accountancy firm said that the impact of job losses and higher taxes would mean spending is likely to be squeezed at Christmas next year. People were cutting back on daily indulgences such [...]
Arsenal director Stan Kroenke has moved to the brink of the threshold where he would have to make an offer for the entire stockholding of the club.
The US billionaire has bought another 200 shares in Arsenal’s holding company, at £8,500 each, taking his shareholding to 29.9%. Mr Kroenke bought 100 of the shares from Arsenal [...]
New car sales recorded their biggest increase so far this year in October, helped by the scrappage scheme. The Society of Motor Manufacturers and Traders (SMMT) said 168,942 new cars were registered last month, an increase of 31.6% compared with October 2008. The SMMT said the “cash for bangers” incentive scheme had accounted for more [...]
The Financial Services Authority (FSA) has fined Swiss banking giant UBS £8m for failing to stop its employees making unauthorised transactions.
The FSA said four UBS employees had carried out the transactions using customer money on at least 39 accounts. The unauthorised activities took place between January 2006 and December 2007. The FSA also said the [...]
The Bank of England’s rate-setters have decided to pump an extra £25bn into the economy in their quantitative easing (QE) programme.
They also kept interest rates unchanged at 0.5% for an eighth month. The Bank has already spent £175bn on QE, which involves printing money to buy assets from banks and other companies to stimulate the [...]
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