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FSA obtains another High Court decision to protect consumers from unauthorised land banking firms

15/12/2011

On Friday, 9 December 2011, the Financial Services Authority (FSA) secured a summary judgment in the High Court against Cityshore Commodities Limited (Cityshore) and its director Aaron Walker.


 

Barclays Corporate boost asset finance offering

14/12/2011

Barclays Corporate (LSE: BARC) has bolstered its asset finance offering with three new hires.


 

Betfair profits boosted by Premier League football

14/12/2011

Betfair have announced a pre-tax half-year profit of £42.4 million, which is well ahead of the original £37.4 million forecast.


 

TheCityUK to Conduct Review of Pension Provisions in the UK

14/12/2011

TheCityUK has begun to conduct a review of defined contribution pension choices after the group’s CEO, Chris Cummings, was asked at the 2011 Gleneagles Conference to chair a workgroup looking at the ability of the current UK market to deliver cost effective and accessible pensions.


 

FSA moves to raise consumer awareness of deposit protection

14/12/2011

The Financial Services Authority (FSA) is planning to make it obligatory for all banks, building societies and credit unions in the UK to prominently display how much compensation savers could claim in the event of an institution failing and where from. This information would be shown in every branch and all websites.


 

Euro hits 11-month low as fears grow

13/12/2011

As eurozone concerns rumble on there was further bad news today (Tuesday) as the euro hit an eleven month low against the dollar.


 

Weaker demand hits Whitbread shares

13/12/2011

Signs of weaker demand for hotel bookings have knocked Whitbread shares despite a trading revival at its Beefeater and Brewers Fayre chains.


 

FSA appoints John Spence as non-executive director of the Money Advice Service

13/12/2011

The Financial Services Authority (FSA) has appointed John Spence as a non-executive director to Board of the Money Advice Service with effect from 2 January 2012.


 

Thomas Cook cuts debts by €94 million with hotel sales

13/12/2011

Thomas Cook have sold their Spanish hotel chain, Hotels Y Clubs De Vacaciones (HCV) for £61 million (€72.2 million).


 

Eurozone downturn costs E.On €3 billion

13/12/2011

Today (Tuesday) the E.ON Board of Management informed the Supervisory Board about the current financial situation of the company.