UK Business News

The UK’s Bovis Home Group have seen an increase in reservations for new homes in the first half of the year, but still see no signs of stability in the housing market.
Private reservations increased by 92% during the period up to June 2009 compared to the same period last year, but still amounts to just [...]

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The man in charge of high street bank HBOS in 2008 when it almost collapsed, has taken a position with the UK chemist chain Alliance Boots, and not on the check-outs or shelf filling.  Andy Hornby will become chief executive of Boots in July.
Hornby who had been the youngest CEO of a main UK bank [...]

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The monthly report by the Confederation of British Industry (CBI) shows UK businesses are finding a gradual improvement in the availability of company finance, though progress is painfully slow, there are signs that the banks are at last listening to the government pleas.
“Firms are not saying that credit conditions are getting better, but the severity [...]

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Bank of England’s David Blanchflower has conceded that talk of the economy recovering sharply at the end of this year is pretty much pie in the sky, despite the bright predictions made a month ago.
Blanchflower warned of further increases in unemployment, while speaking at a parliamentary meeting today and urged the government to take action [...]

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Property tycoon Ardeshir Naghshineh the largest single shareholder in Woolworths, has called upon the company to look at other options before any serious consideration of a buyout from Hilco.
Hilco have allegedly made Woolworths a token offer of £1 for the business, as posted here last week.
Woolworths have over 800 retail outlets in the UK, but [...]

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