The Post Office has decided to spread a bit of Christmas cheer to its home insurance customers by increasing their level of cover during December. According to the Post Office, the 10% extra cover on contents insurance means people don’t need to worry about the gifts they’re buying for friends and family getting damaged or [...]
Newlyweds should check their home contents insurance policy to make sure it covers the value of their wedding gifts, Direct Line said this week. The average wedding gift is worth £79, meaning that a couple with just 50 wedding guests will need nearly £4,000 of extra cover on their home insurance. A wedding ceremony with [...]
Newlyweds should check their home contents insurance policy to make sure it covers the value of their wedding gifts, Direct Line said this week. The average wedding gift is worth £79, meaning that a couple with just 50 wedding guests will need nearly £4,000 of extra cover on their home insurance. A wedding ceremony with [...]
Millions of people in the UK have cancelled or reduced their insurance policies in a bid to save money as the recession bites. Research from Sainsbury’s Finance found that nearly 950,000 Brits have either given up or cut down their home contents insurance, whilst an additional 700,000 have reduced or stopped payments for their buildings [...]
Sainsbury’s Home Insurance has announced a range of discounts for new home insurance customers called the ’30-30-30′ deal. The supermarket bank is offering 25% discount to anyone purchasing home contents insurance before 30 June. Customers purchasing contents insurance together with buildings insurance will receive an additional 5% discount, bringing the total discount to 30%. These [...]
More Than this week launched a revolutionary home insurance policy based on customer feedback. More Than has simplified its contents insurance into two categories: cover for all contents in the home (including garden and outbuildings), and cover for all contents away from home for up to 60 days. All small print has been eliminated because [...]
With financial worries plaguing the nation, Direct Line is offering new customers a recession-busting 50% discount on home contents insurance. The insurance provider said economic slowdown is making it difficult for many households to keep up with expenses. In a recent survey by Direct Line, 22% of respondents thought it acceptable to default on a [...]
Tullow Oil leads 100 in London
European equities markets were significantly lower Friday on an increased possibility that Greece could default on its debt as soon as this weekend, raising the concern level over the European region’s debt problems and ratcheting up worries that the economic recovery is faltering. Additionally, markets reacted to the resignation of European Central Bank board member [...]
SMMT: UK car sales rise in August
The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales saw their first rise in 14 months in August. According to the trade body, car sales rose by 7.3% in August compared with the same month in 2010, with sales of smaller cars rising by more than 30%. The Ford Fiesta remained [...]
Factory gate inflation higher than expected in August
The Office for National Statistics (ONS) has today revealed UK producer output prices held steady in August – remaining at the highest annual rate since October 2008. According to the ONS, output prices (factory gate) annual inflation for all manufactured products held steady at July’s upwardly revised reading of 6.1% in August. The figures were [...]
US exports surge, Obama unveils jobs plan
The Commerce Department has revealed US exports hit an all-time high in July, while imports fell. According to official figures, exports surged 3.8% to $178 billion (£111 billion) after two months of declines. The rise in exports was attributed to strong overseas sales of manufactured goods, particularly to countries in Central and South America. Meanwhile, [...]
China’s inflation rate eases in August
Inflation in the world’s second largest economy eased last month after reaching a 3-year high in July. According to the National Statistics Bureau, consumer prices rose by 6.2% in August on an annual basis, compared with 6.5% the previous month. Several other economies throughout the world are battling with higher inflation, particularly in Asia, which [...]
Japanese economy continues to struggle
The Cabinet Office has today revealed the world’s third largest economy performed worse than originally thought in the April to June period. Gross Domestic Product (GDP) contracted by 2.1% on an annual basis in the three-month period, compared with an initial estimate of 1.3%. The fall was attributed to a cut back on spending by [...]
Euro zone interest rates remain on hold
The European Central Bank (ECB) has today opted to leave interest rates unchanged at 1.5% - for the second consecutive month. Rates were lifted from the historic low of 1% in April and then raised further to 1.25% in July in a bid to curb rising inflation. Many major economies are battling with higher inflation, [...]
Trader Glencore International up 7.58 percent
European equities markets saw gains Thursday as the Bank of England held interest rates steady at 0.5 percent and kept its bond-purchase program at £200 billion, while the European Central Bank also held rates steady, at 1.5 percent, but the ECB cut growth predictions for both this year and next year. The FSTE 100 added [...]
Fed: US economy remains sluggish
The latest Beige Book report, published by the Federal Reserve today, has revealed widespread signs that US economic growth continues to slow. The Fed said: “Economic activity continued to expand at a modest pace, though some districts noted mixed or weakening activity.” The economic recovery of the US remains sluggish in the face of higher [...]
UK interest rates remain on hold
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]
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