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Current Inflation Adds £572 to Cost of Living

16/02/2011

Annual average household expenditure is estimated to be £35,363. The corresponding figure for a household where the main occupant is 65 – 74 is £22,081, and £16,278 where they are aged 75 and over


 

Inflation Doubles the Bank of England's 2% Target

15/02/2011

Tomorrow will see the publication of the Bank of England's quarterly inflation report, and with it will come the admission that the Bank's Monetary Policy Committee (MPC) has again failed to adhere to its 2% target.


 

Deutsche Boerse and NYSE Announce Partnership Details

15/02/2011

Deutsche Boerse AG and NYSE Euronext today announced that they have entered into a business combination agreement following approval from both companies’ Boards


 

Exchange Rate Fluctuations Cost Football Clubs 'Huge Sums' of Money

14/02/2011

£225m was spent in just one month of transfer activity this January, as the Premier league’s big hitters bought and sold some of the best talent in the game during the transfer window.


 

Producer Price Inflation Grows

11/02/2011

Producer price inflation hit 4.8% for January 2011- a 1% jump from December, data published today by the Office for National Statistics show.


 

Project Merlin: Business Experts Discuss Pros and Cons

10/02/2011

Following yesterday’s announcement of the ‘Project Merlin’ agreement between government and the UK’s largest banks on lending, pay and bonuses, which saw banks agree to lending some £190bn to businesses this year, including £76bn to SMEs, the Forum for Private Business, John Antunes, Head of small businesses at German business software giant SAP, and the UK200 Group discuss the project’s various facets:


 

Bank of England Maintains Low Interest Rate

10/02/2011

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.


 

Bank of England and FSA Announce new Code of Practice for Auditors

10/02/2011

Following joint work with the Bank of England, the Financial Services Authority (FSA) has today published, for consultation, a draft code of practice designed to enhance the dialogue between auditors and supervisors.


 

Businesses Hit by 600% Increase in Cross-Border Debts

10/02/2011

Leading credit management and collection company Daniels Silverman has seen a 600% increase in the value of cross-border debt enquiries as companies experience problems chasing late payments abroad.


 

London and Canadian Stock Exchanges to Merge

09/02/2011

London Stock Exchange Group plc (LSEG) and TMX Group Inc. today announced an agreement to combine Europe and Canada's leading diversified exchange groups in an all-share merger of equals.