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September 26, 2007
AOL founder launches Internet credit card
Link: AOL founder launches Internet credit card
Filed under: Finance News, Ecommerce News, Internet News, Business News
Steve Case, the co-founder of AOL, has joined with other industry leaders to launch an innovative online credit card company.
The company, Revolution Money, is a subsidiary of Case's investment company, Revolution LLC.
Revolution Money has launched two products, Revolution MoneyExchange ...
May 29, 2007
Home Information Packs (HIPs) Guide launched by HomeMove
Link: Home Information Packs (HIPs) Guide launched by HomeMove
Filed under: Finance News, Property Market News
HomeMove.co.uk has launched a buyer and sellers guide to Home Information Packs (HIPs), detailing what buyers and sellers should expect after the August 1st deadline.
The guide was published as market chaos followed the government's changing position on HIPs, postponing them only eight days ...
December 12, 2006
UK inflation runs rampant
Link: UK inflation runs rampant
Filed under: Finance News, Business News, Economy News
UK inflation ballooned to 2.7% in November, from 2.4% the previous month.
The figures - reported by the ONS - show inflation at its highest rate for almost a decade.
The rise continues against a backdrop of repeated inflationary warnings through the year, coupled with ...
Nasdaq makes hostile bid for LSE
Link: Nasdaq makes hostile bid for LSE
Filed under: Finance News
The US Nasdaq exchange has launched a hostile takeover bid for the London Stock Exchange (LSE).
It comes after more than a year of takeover offers and merger propositions from a range of companies, along with two previously rejected offers from the Nasdaq.
At present, ...
Bank penalty charges may be illegal
Link: Bank penalty charges may be illegal
Filed under: Finance News, Ecommerce News, Business News, Economy News
Penalty charges applied by banks may be illegal.
Currently, the six major UK banks generate around £4.5 billion through penalty charges.
However, under the 1999 Unfair Terms in Consumer Contracts Regulations Act, penalty charges may only cover administrative costs, and not be for profit.
At present, ...
November 30, 2006
GBP hits high against USD
Link: GBP hits high against USD
Filed under: Finance News, Webmaster News
The Great British Pound (GBP) has reached a 14-year high against the US dollar.
Early today £1 was worth $1.956, its highest level since Black Monday in 1992, when Britain leave the ERM (Eurpean Exchange Rate).
The rise in currency value comes at a time ...
November 21, 2006
GOOG shares over $500
Link: GOOG shares over $500
Filed under: Finance News, Google News
Shares in Google have topped over $500 each today, creating a market cap of over $154 billion.
This makes Google the world's 22nd biggest company by market valuation.
However, Google has only a quarter of the revenues of the lowest earning company in the top ...
November 18, 2006
Oil prices settle on recent lows
Link: Oil prices settle on recent lows
Filed under: Finance News, Economy News
Oil prices appear to have settled to new lows after huge increases over the past 18 months.
WTI December contracts were 44 cents lower to $55.82 per barrel on Friday on the New York Mercantile Exchange
A $2.50 fall on Thursday was attributed to ...
November 14, 2006
EU investigates Mastercard & Visa
Link: EU investigates Mastercard & Visa
Filed under: Finance News, Legal News, Ecommerce News
The European Union is investigating the credit card industry, to determine whether fair practices are being applied in Europe.
Currently US firms Mastercard and Visa dominate the industry, and the EU is trying to determine if these are undermining potential rival companies with their ...
October 12, 2006
Oil prices sink to new low
Link: Oil prices sink to new low
Filed under: Finance News, Ecommerce News, Business News
Oil prices have continued to fall, with prices today reaching their lowest for 2006.
The drop in oil prices has been gradual over the past few months, and uncertainty about production cuts by OPEC - coupled with a lowered projection of oil demand ...
July 13, 2006
Oil hits record highs
Link: Oil hits record highs
Filed under: Finance News
Oil prices have hit record highs, after a series of events brought fresh fears to already jittery worldwide commodity markets.
US light crude reached a record $75.89 a barrel, while London Brent crude hit a new high of $75.60.
A combination of Israeli aggression ...
May 18, 2006
World economy faces inflation fears
Link: World economy faces inflation fears
Filed under: Finance News, Employment News, Business News, Economy News
The world economy is finally showing cracks in confidence, as inflation continues to threaten while consumer spending continues to be lacklustre.
Over this week, stock markets around the world have seen big falls as investors turn bearish.
These fears are being raised as US consumer ...
April 28, 2006
Pension funds see huge deficits
Link: Pension funds see huge deficits
Filed under: Pensions News, Finance News, Employment News
The government's Pensions Regulator has warned that Occupational Pension Schemes are failing - with deficits of up to £400 billion.
The regulatory highlights poor controls and planning, especially in smaller pension schemes, and is seeking active intervention in as many as 300 of ...
February 3, 2006
Shell reports massive profits
Link: Shell reports massive profits
Filed under: Companies News, Finance News, Business News, Economy News
Royal Dutch Shell set a FTSE record last year, by reporting profits of around £10 billion, the largest ever reported by a UK-listed company.
This year it broke it's own record by 30%, reporting profits of over £13 billion.
The profits come after a year when ...
Amazon sees profits fall
Link: Amazon sees profits fall
Filed under: Amazon News, Companies News, Finance News, Ecommerce News
Amazon caused investor scorn when it reported it's Q4 earnings - and revealed that operating profits had only increased 1% over Christmas.
Q4 Net profits actually fell on last year, from £190 million to £110 million.
Wall Street responded by dropping value of Amazon stock by ...
February 1, 2006
Google profits disappoint, shares fall
Link: Google profits disappoint, shares fall
Filed under: Finance News, Google News
Google shares lost 10% value overnight after reporting lower than expected fourth-quarter profits to Wall Street.
While revenues were up 82% to just over £200 million, operating costs and taxes were also up sharply.
It is the first time the company has disappointed Wall Street since ...
December 6, 2005
Brown tackles SIPPS and REITs
Link: Brown tackles SIPPS and REITs
Filed under: Finance News, Property Market News
Gordon Brown sent mixed signals to the financial sector today, with announcements that residential property will not be eligible for SIPPs (Self Investment Pension Plans) - however, he still plans to open the UK property market to general investment via ...
August 26, 2005
Investors warned that avia flu pendemic is a risk factor
Link: Investors warned that avia flu pendemic is a risk factor
Filed under: Finance News
A report from BMO Nesbitt Burns, a Canadian bank, claims that a global outbreak of avian flu could cause severely affect the economy. It suggests that the financial effect could exceed that of the 2003 Sars epidemic, estimated to have cost $30bn.
Discovery of the virus in Siberia has ...
August 25, 2005
Oil over $68 a barrel
Link: Oil over $68 a barrel
Filed under: Finance News
The price of US light crude reached $68 a barrel in Asian trade on Thursday, after the country reported a fall in gasoline stocks. Concern that tropical storm Katrina could jeopardise production in the Gulf of Mexico also pushed up the price. The storm ...
August 15, 2005
Macquarie Bank considers LSE bid
Link: Macquarie Bank considers LSE bid
Filed under: Finance News
Macquarie Bank of Australia is considering a joint bid for the London Stock Exchange (LSE). In a statement to the Australian Stock Exchange, Macquarie emphasised that plans are at an early stage.
The London Stock Exchange has been considered a potential ...
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