UK Business News

The UK bank HSBC has today announced that it will be cutting 1,700 jobs in the UK, while adding that it would be creating ’several hundred’ new jobs next year.
The staff cuts will be made in the bank’s retail division and will mainly effect employees in the service sector. HSBC is adamant that it will [...]

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It is expected that you have heard about the economic condition across the world. Countless people are speculating how a formerly thriving UK economy has slumped so abruptly, resulting in a lot of companies and people becoming bankrupt.
The stock market has become more unpredictable than it was in the past. The once flourishing real estate [...]

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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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