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17th of November 2010
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News Tag: failure

November 8, 2010

Rolls-Royce shares down on Qantas engine failure

by Kay Murchie
Rolls-Royce shares down on Qantas engine failure
Shares in Rolls-Royce fell again this morning after the cause of the engine failure on last week’s Qantas flight remains unclear. Qantas today said it had found oil leaks in engines made by Rolls-Royce after the Australian airline had to make an emergency landing last Thursday. The plane was forced to turn back to Singapore after one of its four Rolls-Royce Trent ...




June 7, 2010

Chancellor Osborne to unveil bank tax

by Kay Murchie
’Chancellor
Chancellor George Osborne will proceed with a bank levy despite the failure to agree a universal tax at this weekend’s G20 summit. The summit, which was Mr Osborne’s first G20 meeting, saw no mention of a proposal for a bank levy. Speaking after the summit, the Chancellor said: “We'll introduce a levy regardless of whether other countries will or will not.” The ...




June 3, 2010

JP Morgan Securities receives record fine

by Kay Murchie
”JP
A record fine for JP Morgan Securities has been imposed by the Financial Services Authority (FSA) for failing to protect client money over a period that spanned almost seven years. The largest ever fine of £33.32 million ($48.2 million) would have actually been £47.6 million but the firm agreed to co-operate during the investigation, thereby receiving a 30% discount. According to the FSA, ...




March 17, 2009

Small stockbrokers benefit from big banks’ failure

by David Masters
Small stockbrokers benefit from big banks' failure
Smaller stockbrokers are winning more clients as a result of the economic downturn, the Sunday Times reported this week. According to research seen by The Times, larger stockbrokers such as Dresdner Kleinwort and UBS are losing clients to smaller rivals such as Collins Stewart and Cenkos. UBS, for example, has lost more than 20% of its corporate clients in the past 12 ...




February 2, 2009

Building inspectors the key to reducing household emmissions

by Gill Montia
Building inspectors the key to reducing household emmissions
The Government is being accused of failing to enforce its sustainable buildings code. The Energy Saving Trust (EST), which provides free advice to homeowners wanting to reduce carbon dioxide emissions, believes local authorities currently have insufficient funding to ensure the code is followed. The UK is committed to EU directives that aim to achieve energy savings of 20% by 2020 and ...




July 2, 2008

Taylor Wimpey fails to secure funding, shares fall 46%

by Kay Murchie
Taylor Wimpey fails to secure funding, shares fall 46%
Housebuilder Taylor Wimpey has announced that it has failed to secure £500 million from shareholders in a bid to shore up its balance sheet. Following the news today, shares in the company plummeted 46% to 32.25p. The company, which was formed by the merger of Taylor Woodrow and George Wimpey last July, said that if it is unable to ...