UK Business News

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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Consumer loan group Cattles is in all sorts of trouble after admitting today that it broke it’s banking covenants, prompting another profit warning, and has suspended another three key directors from it’s business after uncovering a breakdown in it’s internal controls.
Three key members of the board have been suspended following the allegations, this follows last [...]

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The troubled US insurance group AIG have announced that they will not be renewing their sponsorship contract with England premier league football club, Manchester United. The current deal ends in May 2010.
AIG has already ended it’s partnership with the US Davis cup tennis team, and is in the process of restructuring it’s business, having received [...]

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Carphone Warehouse co-founder David Ross has resigned as deputy chairman of the company after failing to declare that he had pledged shares that he owns in the company against personal loans.
It appears that Ross has also failed to disclose similar arrangements for his shares in National Express, of which is chairman, along with Big Yellow [...]

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Money.co.uk is a brand new financial comparison website with a difference, as well as comparing such things as credit cards and insurance the site also contains thousands of top quality articles, financial news headlines and money saving tips.
The site has some excellent features in it’s comparison tables, under credit cards for instance the chart shows [...]

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