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Sara Weller appointed to Lloyds' non-executive board

01/02/2012

Lloyds Banking Group have announced the appointment of Sara Weller as a non-executive director.


 

Amazon warn of tough year ahead as profits fall

01/02/2012

Amazon have reported that profits for the final quarter of 2011 were down from $416 million net in 2010 to $177 million.


 

Sir Fred Goodwin loses his knighthood

31/01/2012

Sir Fred Goodwin, the former chief executive at the Royal Bank of Scotland (RBS), has officially lost his knighthood.


 

Lords hear new evidence on financial transaction tax debate

31/01/2012

The House of Lords are again pondering the EUís proposals for a financial transactions tax in a bid to boost revenue from and stability within the continentís financial centres.


 

UK investors predict no change in interest rates

31/01/2012

Three in five UK investors expect no change in interest rates within the next six months, as a growth-friendly approach to monetary policy is seen, by the Bank of England, as more beneficial to the UK economy than curtailing inflation.


 

Classic cars drive higher returns than gold

31/01/2012

Classic cars remain a solid investment, with 2011 returns exceeding those of even gold, whose price skyrocketed as the eurozone crisis unfolded.


 

Bank reports record fall in personal lending

31/01/2012

Data released today (Tuesday) by the Bank of England (BoE) shows that the amount of non-mortgage borrowing held by consumers fell in December by the largest amount on record, £377 million.


 

FSA bans and fines former JC Flowers UK CEO Ravi Sinha £2.86m for fraudulent invoicing scheme

31/01/2012

The Financial Services Authority (FSA) has today fined Ravi Shankar Sinha £2.867 million for fraudulently obtaining £1.367 million for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.


 

27% increase in BSkyB profits

31/01/2012

BSkyB have reported a 27% rise in pre-tax profits for the second half of 2011, mainly due to an increase in sales of broadband, telephone and TV packages to its existing customers.


 

Record sales see ARM profits surge

31/01/2012

Record sales of 2.2bn ARM-processors have seen ARM Holdings, deliver a 21% year-on-year growth in revenue, beating forecasts.