UK Finance News

UK Supermarket giant Asda has offered a crumb of comfort to the hard hit motorist by reducing the price of fuel on it’s forecourts by 3p per litre on unleaded and diesel.
The knock on effect swiftly saw supermarket competitor Morrisons follow suit, only their price cut is a saving of 4p per litre. Now Sainsbury’s [...]

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Reports in this weekends press suggest that only around 10% of HBOS shareholders participated in the banks rights issue to raise £4billion.
Experts are concerned that the take up may be so bad that it will leave underwriters Morgan Stanley & Dresdner with as much as £3.6bn worth of the banks stock.
HBOS had hoped to rally [...]

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UK criminals are keeping one step ahead of credit card technology despite the introduction of Chip and Pin which was designed to give the customer more security.
Figures for credit and debit card fraud last year, rose to an incredible £535million, with criminals using new methods of committing credit card crime.
The skimming of cards being used [...]

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The million policyholders that lost half of their investment with Equitable Life in 2001, when the company came to the brink of collapse, have been given some hope that they will be at last be able to seek compensation for their losses as a report from the Parliamentary Ombudsman Ann Abraham, is published.
The ombudsman found [...]

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The bumbling government Treasury department have today announced the further postponement of the 2p per litre fuel tax rise for the second time since it’s proposed introduction in this April this year.
The tax was first postponed until October, but pressure from motorists and business leaders have resulted in the further postponement until April next year.
Chancellor [...]

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