UK Finance News

The Uk’s supermarket giants are once again introducing some healthy competition at the petrol pumps, as the price of crude oil continues to plummet.
Announcing the third cut in three weeks, Morrisons were once again the frontrunners, knocking a further 2p per litre off unleaded fuel. Their price for unleaded is 109.9p per litre and diesel [...]

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The Bank Of England (BoE) have left the UK interest rate at 5%, for the fourth consecutive month.
Financial experts had predicted that there would be no change in the rate and analysts are now expecting policy makers to keep the rate steady as they battle to balance slowing growth and rising inflation.
Most predictions point to [...]

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Good news for gamblers but not for the investors in William Hill, is the report that Spain winning the Euro 2008 tournament cost the bookies up to £3million.
None the less William Hill still managed to announce profits for the first six month’s trading in 2008 of £145million.
The company say that profits are down by 10% [...]

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Mortgage lender Liverpool Victoria bank have been fined by the financial governing body FSA, for adding payment protection insurance to customer loans without asking if it is wanted.
FSA investigators found  Liverpool Victoria bank guilty of adding the premiums for the protection plan to quotes when customers applied for a loan. The company also put undue [...]

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Following Tesco’s buying out of RBS from joint project Tesco Personal Finance, the supermarket giant has announced plans to take on the high street banks, with it’s own full service retail bank.
It is the latest move for the supermarket chain to break away from its core grocery market, which it dominates with a 30% share. [...]

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