Banking
Sterling drops as Bank of England ramps up stimulus rhetoric
Today, as the Bank of England continued to ramp up its stimulus rhetoric, Sterling has fallen by one per cent against the Euro to 1.1680 (close to last week's four month low) and the US Dollar (down to 1.5720).
UK holidaymakers too embarrassed to haggle
Recent research by travel agent sunshine.co.uk has revealed that over half of UK holidaymakers are too embarrassed to haggle over prices when making purchases with their travel money whilst on holiday.
5 star rated online savings account from NatWest
NatWest is to introduce a highly competitive bonus to its E-savings account, offering an online market-leading rate to new customers, of 2.85% for 12 months.
Co-operative Bank grows business lending by 40%
The Co-operative Bank's prudent business model has enabled it to increase lending to business by 40 per cent.
Barclays leads the way by providing bank accounts to prisoners
Barclays, in partnership with UNLOCK, today furthers its commitment to the long-term financially excluded by extending its market-leading basic bank account to people nearing the end of a prison sentence, to help reintegrate them back into society.
Brits without internet missing out on the best rates
The four million Britons who don't have internet access are missing out on the best rates for financial products, according to an investigation by Which?
Light at the end of the tunnel for weak pound
It's been a rough few days for sterling, which has dropped dramatically from its August highs of €1.22. However, as eurozone troubles refocus the market we should see the pound turn higher before year end.
Santander to create 400 front-line jobs in the UK
Following significant business growth, Santander UK is to create over 400 jobs in a number of its UK call centres. This is in addition to the 600 branch-based roles it announced in July and follows 3 years of continued and sustainable market share growth, above its stock share, across all areas of the business.
Sterling, Dollar, Euro rates all raised again by Abbey
Hot on the heels of the Bank of England’s decision to hold UK Base for a record eighteenth month, Abbey International, the Jersey-based subsidiary which is part of the global division of Santander Private Banking, has announced that sterling interest rates on its popular 12 month fixed rate contracts are to be increased to 3.00% gross/AER with immediate effect.
Dovish MPC minutes furthers sterling’s slide
As was forecast, the August Monetary Policy Committee minutes revealed a vote of eight to one in favour of maintaining the base rate of interest at 0.5%. The downbeat tone of the report has put further pressure on sterling.
Switch over to free benefits with the Co-operative Bank
The Co-operative Bank is offering customers complimentary access to its market leading Privilege and Privilege Premier Packaged Current Accounts for a 12-month period.
Unsecured bond issue underlines strength of Coventry BS
Coventry Building Society has secured £400 million in long term funding from the financial markets in a deal which shows the continued strength of the UK's third largest building society.
Holiday costs rise for travellers to Egypt
Holidays by UK travellers to Egypt have risen by 13 per cent over the past year, according to the latest International Passenger Survey carried out by the Office of National Statistics.
High government borrowing figures add to sterling’s woes
Data this morning has compounded sterling's problems with public sector net borrowing recording a figure of £15.3bn in August, some way above forecast.
UK holidaymakers splash out on summer holidays
More than a third (37 per cent) of UK holidaymakers were planning to spend over £1,000 per person on their summer holiday this year, with an extravagant six per cent planning to spend £3,000 per person, according to TripAdvisor’s Summer Travel Survey 2010.