RBS moves to cut overdraft charge in half September 7, 2009 ROYAL Bank of Scotland has broken ranks with competitors by slashing charges on customers who go overdrawn without agreement or exceed their overdraft limit. From 1 October, RBS and subsidiary NatWest will slash the fee for returning a cheque, direct debit or standing order to £5, while the fee for paying an item on an [...]
Bankers see no change to pay September 7, 2009 City bankers have seen little impact on their salaries from political efforts to reform remuneration structures and are even expecting a pay hike this year, a new study shows. According to the survey from eFinancialCareers.com, a minority of survey respondents said they had experienced any recent change to their pay structure. A small majority of [...]
Beatty wins 250m contracts September 7, 2009 Construction group Balfour Beatty announced yesterday it had secured a £250m contract on six construction groups via Mansell, its contractor. The framework will involve new-build and refurbishment projects over the next four years including a range of educational facilities, civic buildings, leisure facilities, emergency service premises and health service buildings. The framework will also be [...]
BP looks into Libya drilling September 7, 2009 Oil group BP will complete a seismic survey off the coast of Libya next month, as it seeks to drill its first well in the north African country for over 30 years. The news comes amidst controversial reports that trade may have played a role in the recent release of the Lockerbie bomber. The group [...]
Moonpig yearly profits double September 7, 2009 Moonpig, the online greetings card company, said yesterday its pre-tax profits for the year to April had more than doubled from £2.54m to £6.7m. Revenue at the group also more than doubled to £20.9m in the year, up from £7.9m the previous year. Moonpig founder Nick Jenkins named the firm after his school nickname.
Entrepreneurs must try to believe in belief itself September 7, 2009 ONE OF the Sunday papers this past weekend announced: “We are born to believe in God.” Evolution hardwires humans to believe in God apparently. It is wise to embrace all of what we are as human beings – our spirituality, emotions, our rational nature, our analytical ability. To emphasise only one part of our nature [...]
CADBURY RIVALS SET FOR BID WAR September 7, 2009 CADBURY, the maker of some of Britain’s best-loved confectionery brands, yesterday rejected a £10.2bn takeover approach from Kraft Foods, sparking speculation that the US food giant and its rivals may soon enter a spiralling bidding war for the firm. Kraft Foods, which owns confectionery brands Toblerone, Milka and Oreo, said a deal would create a [...]
Primark sales boost shares in AB Foods September 7, 2009 STRONG demand for cheap clothes yesterday prompted Primark owner Associated British Foods to hike its full-year earnings forecasts. AB Foods finance director John Bason said Primark like-for-like sales rose by seven per cent in the six months to 12 September, in contrast to declining sales at high street rivals such as Marks Spencer and Next. [...]
Aer Lingus’ summer air traffic boosted by short haul flights to budget beaches September 7, 2009 IRISH low cost airline Aer Lingus said yesterday its total passenger numbers for August were up 7.7 per cent year-on-year, as it flew 1.09m people over the summer month. The airline put the boost down to a 10 per cent surge in short-haul flights to cheap holiday destinations. Aer Lingus flew 973,000 short haul passengers [...]
Embraer delivers first of BA CityFlyer’s 170 jets September 7, 2009 BA CityFlyer, a subsidiary of flag carrier British Airways (BA), has taken delivery of the first of its six 76-seat Embraer 170 jets which will be based at London City Airport. “This first delivery to British Airways is a remarkable milestone that makes us particularly proud, since it’s the last of the four largest European [...]
