Stock market flotation plans were announced today by Facebook the largest social networking site in the world with expectations to raise approximately £3.16 billion ( $5 billion) although industry analysts had predicted that it might be twice this amount.
Launched in 2004 by founder Mark Zuckerberg Facebook was originally set up to help Harvard University [...]
The Association of British Insurers (ABI) have said that the end of an agreement with the government, that is due to take place next year, could mean insurance problems for as many as 200,000 homes.
The government agreement was put into place to oblige insurance companies to provide home policy cover for [...]
A 5.17 million shares reward worth £1.4 million which was due to be received next month has been rejected by Sir Philip Hampton the Royal Bank of Scotland (RBS) chairman who told the remuneration committee of the bank that it would not be appropriate to accept it.
The decision follows huge controversy over a £963,000 [...]
The Royal Bank of Scotland (RBS) announced today that they were going to payout a £963,000 performance bonus to boss Stephen Hester on top of his £1.2 million annual salary because of his “substantial progress in making RBS safer, rebuilding performance in many businesses and improving customer service and support”.
Mr Hester will receive the [...]
Sales of over 37 million iPhones, over double the amount that were sold in the last three months of 2010, helped Apple produce record breaking net profits for the October to December 2011 trading period of £8.36 billion ($13.06 billion).
The 118 per cent increase in net profits, compared to the same trading period in [...]
Figures released by HM Revenue & Customs show that there was a 1 per cent fall in the sale of UK houses during 2011 and at 869,000 was nearly half of those sold in the time leading up to the 2007 banking crisis.
These annual falls in house sales recently means that there has [...]
Figures released by the Financial Ombudsman Service confirm that they had to deal with a growing number of complaints about motor insurance companies in 2011.
Compared to 2010 the number of complaints being dealt with by the ombudsman grew by 29 per cent to 7,238 inquiries with one of the main problems [...]
The Office for National Statistics (ONS) have said that the UK rate of inflation dropped in December due partly to the reduction in clothing prices and lower fuel costs.
The Consumer Prices Index (CPI) inflation rate of 4.8 per cent recorded in November fell sharply to 4.2 per cent in [...]
The Tribunal de Commerce French court has liquidated the ferry company SeaFrance forcing it to cease any activity and shed 127 jobs in Dover.
An offer made by a cooperative of the companies workers was deemed not acceptable by the court and the future of SeaFrance was sealed after there was a ruling that the [...]
Union leaders have said that they are preparing for their members to take strike action against consumer goods giant Unilever in a dispute over staff pension scheme cuts that will, according to workers, see their retirement income drop by as much as 40 per cent.
The 24-hour strikes will involve thousands of workers from the [...]
