Banking News
Fair minded Britannia on target with strong results
Britannia, UK building society, announced pre-tax profit for the six months to 30 June 2007 up eight per cent at £81.7 million (2006: £75.8 million).
Unbiased.co.uk: Which? report on UK financial advice
In response to the recent research findings of Which? regarding financial advice provision in the UK, David Elms, Chief Exec utive of Unbiased.co.uk, comments: Unbiased.co.uk supports Which?’s advice for consumers to seek truly independent financial advice in order to inform their key financial decisions.
IMLA calls on BoE to continue liquidity support
The Intermediary Mortgage Lenders Association (IMLA) welcomes the Bank of England’s involvement in offering additional funds to ease the ‘credit crunch’ – even if yesterday’s auction attracted no bids.
Co-operative to switch off energy inefficient light bulbs by 2010
The Co-operative, which earlier this year became the first supermarket to announce its plan to stop selling traditional tungsten filament light bulbs, has set itself the target of pulling the plug on them completely by 2010 at the latest.
Weakness in gross lending and approvals, consumer credit lower
The value of August’s gross mortgage lending at £21.0bn was only 1% higher than in August last year, according to figures from the British Bankers’ Association (BBA).
Sainsbury’s offers chance to become a “Nectar Millionaire”
Sainsbury’s Bank will be making five customers “Nectar Millionaires” between now and Christmas.
Two thirds of tied advisers fail Which? test
More than two thirds of tied financial advisers failed to pass all the benchmarks for giving good advice in an investigation carried out by consumer organisation Which?
Businesses fail to manage risk from foreign exchange volatility
Over a third of SMEs with foreign exchange currency needs greater than £500,000 a year do nothing to manage the risk arising from foreign exchange volatility, leaving them buying and selling without knowing a final price in sterling, according to research from HSBC.
Bank of England credit conditions survey
The Council of Mortgage Lenders is encouraged by the results of the Bank of England's credit conditions survey.
Society goes wet ‘n’ wild for RNIB
A charity event organised by Coventry Building Society has raised almost £15,000 for Royal National Institute of Blind People (RNIB), the Society’s nominated charity of the year.
1,000 Golden Tickets to be found in Bank of Scotland ATMs
Lucky customers using Bank of Scotland cash machines this week could get their hands on a special Golden Ticket worth £1,000.
Northern Rock customers deserve better
Fool.co.uk responds to HM Treasury’s decision to limit guarantees to Northern Rock depositors.
first direct pioneers iPhone banking
As the UK awaits the long-anticipated release of the iPhone, first direct has become the first bank to adapt its online banking to work seamlessly with Apple’s latest offering ahead of its November release.
Mortgages up, consumer credit weak
Total sterling lending to the UK private sector rose by an underlying £24.5bn net (+1.8%) to £1,370bn, according to the British Bankers’ Association (BBA). This was much stronger than the underlying rise of £14.8bn in July and average of +£13.3bn over the previous six months.
120 million reasons why the ‘special one’ has departed
The shock sacking of Chelsea Manager Jose Mourninho has lead to widespread rumours of why the ‘Special One’ has left his post at Stamford Bridge. Losing the dressing room and a fall-out with Roman Abramovich are current conspiracy theories, but do the clues lie in Mourninho’s financial management?