31 Jul, 2007
In conclusion to the case of Tom Brennan, who was taking NatWest to court for damages, after being charged “excessive†overdraft charges, we have to report that Mr Brennan has been unsuccessful in his bid. He has been the subject of a sustained campaign by lawyers representing NatWest, who have changed, cancelled and delayed the case from day one, in the hope that Mr Brennan would drop his claims. However, yesterday his case was thrown out of court with no right to appeal.
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29 Jul, 2007
While the ongoing fallout from the sub-prime finance sector in the US continues to have a stranglehold on stock markets around the world, we have seen the first sign that the cycle may be turning. Half year results announced today from UK banking giant HSBC show a sharp rise in bad debt provision, and a less than expected rise in overall profitability.
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15 Jul, 2007
The last few weeks have seen the financial press, the government and seemingly every tax expert n the country turn against the Private Equity firms. These aggressive investment firms have taken some really heavy criticism in recent times, but is it justified and is it true?
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3 Jul, 2007
It seems almost inevitable that Thursday’s meeting of the Bank of England committee will sanction a further quarter percent rise in the UK base rate. Recent comments by some members of the committee have led many to believe that a move upwards is almost certain, a view further strengthened by recent news confirming that property prices have risen again, and inflation is still fairly strong.
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19 Jun, 2007
While many have mocked the promotion of “Green†issues designed to help the environment and improve standards of living, does “Going Green†really equate to massive savings for the consumer?
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16 Jun, 2007
In what is a worrying sign of the problems associated with the Home Information Packs (HIPs), which the government are trying to force upon the property market, it has been revealed that there is a legal loophole which may allow homes to be sold without a pack in place. More problems for the government as this debacle is quickly turning into a comedy of errors!
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