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Entries Tagged as 'UK economy'

UK Interest Rate Stays At 5%

John Williams - Thursday 07.08.08, 12:46pm

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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Tags: Banking · Personal Finance · UK economy · UK interst rates

HSBC Profits Down By 28%

John Williams - Tuesday 05.08.08, 15:19pm

Europe’s biggest bank HSBC posted their profits for the first half of the year, with the message from chairman Stephen Green that this has been a ”resilient performance in the most difficult market for several decades”.
The figures show a drop of 28% on the previous years posting, but the bank still managed to make £5.2billion on [...]

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Tags: Banking · City news · UK economy

Euro 2008 Champions Cost William Hill £3 Million

John Williams - Monday 04.08.08, 17:58pm

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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Tags: City news · Personal Finance · UK economy

Tesco To Buy Out RBS Share In Personal Finance Partnership

John Williams - Monday 28.07.08, 15:20pm

Tesco is close to completing a deal to buy out Royal Bank Of Scotland’s stake in their joint venture, Tesco Personal Finance.
The deal is expected to be worth £1bn and has been under negotiation since April when the bank announced that it would be putting up for sale some of it’s assets to bolster it’s [...]

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Tags: Banking · Personal Finance · UK economy · Uncategorized

Edeus Offers Discount For Early Repayment

John Williams - Thursday 24.07.08, 17:27pm

Sub Prime mortgage lender Edeus look to be a bit desperate to off load some of the mortgages on it’s books, having offered a discount to customers for early re payment.
Edeus have so far tested the water with 400 of it’s customers and interest from eligible customers is said to be 20% at this stage. [...]

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Tags: Banking · Property Market · UK economy

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