Archive for category: Financial and Business

Government cuts in regulation for SMEs will stimulate economy

/ March 19, 2011 4:59 pm

The coalition government is set to introduce a three-year moratorium on any new red tape for SMEs, as plans are put in place to cut legislation and boost growth. Business secretary Vince Cable announced the new plans in a speech […]

Care home operating firm faces collapse

/ March 17, 2011 6:48 am

A major operator of care homes in Britain is on the brink of collapse. Southern Cross Healthcare manages some 30,000 care homes in the UK, but on Monday teetered on the edge of collapse as shares fell in excess of […]

Only 60 per cent of bosses to five employees day off for Royal wedding

/ March 16, 2011 11:21 am

Bosses in Northern Ireland are the most likely to let their staff have a day off next month to celebrate the Royal wedding compared with bosses in England and Scotland, according to a survey. On average, 60 per cent of […]

Tchenguiz company goes bust after fraud investigation announced

/ March 15, 2011 4:56 pm

A major property company owned by billionaire fraud suspect Vincent Tchenguiz was last night suddenly declared bankrupt. Mr Tchenguiz, arrested last week during an investigation by the Special Fraud Office into shady financial dealings surrounding the collapse of an Icelandic […]

Public sector fat cats may face 20% salary cut

/ March 15, 2011 4:54 pm

Radical new plans to rein in the soaring salary bill for high level public sector employees may result in tens of thousands facing a 20 per cent salary cut. A report commissioned by the coalition government has revealed at least […]

H2N2 investigation suggested

/ March 13, 2011 8:39 pm

Governments need to launch a study to investigate the possibility of a new H2N2 flu pandemic, scientists say. The news comes via an article featured the journal Nature, in which American scientists say that people fewer than 50 years of […]

Hilton Worldwide says no rush for privatisation

/ March 13, 2011 12:31 am

Hotel chain Hilton is not in a hurry for an initial public offering, according to its chief executive. Hilton Worldwide CEO Chris Nassetta said during an interview with Reuters on Wednesday that the company would certainly consider an IPO at […]

Data reveals home loans slump, forecast housing crisis

/ March 12, 2011 4:51 pm

Figures published yesterday suggest another major deterioration in the UK’s housing market, with home loans fall to a new low. New advances agreed during January fell by 26 per cent compared to the previous month, even although December’s Big Freeze […]

Mattel closes Shanghai Barbie store

/ March 12, 2011 8:35 am

American toymaker Mattel has closed its flagship Barbie store just two years after it opened in Shanghai. The company had launched the concept store on Barbie’s 50th birthday in March of 2009 in a bid to expand the famous doll […]

Famous City, high street, property names in fraud investigation

/ March 11, 2011 6:52 pm

The UK’s biggest ever fraud investigation is under way, with the arrest of two City high-rollers and implications many other famous names are involved. Global investment banks, a senior Tory donor, a multi-millionaire retailer, leading luxury property developers and even […]

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