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Wednesday 03rd of February 2010

News Tag: financial difficulties

January 27, 2010

Crystal Palace FC in administration

by Kay Murchie
Championship side Crystal Palace has gone into administration as a result of financial difficulties. In November, cash flow problems were highlighted after players were paid late on several occasions. The news comes just a month after Watford Football Club saw its shares suspended after its parent company, Watford Leisure, was on the verge of administration. Watford Leisure recently announced it would run out of ...

December 8, 2009

Financial difficulties lead to immediate closure of Coventry Airport

by Kay Murchie
It has emerged today that Coventry Airport is to close immediately with the loss of 70 jobs, as a result of financial difficulties. West Midlands International Airport, which owns Coventry, were due to appear in the High Court tomorrow to face a winding-up order. A spokeswoman for Coventry Airport issued a short statement: "The board and shareholders of West Midlands ...

September 6, 2009

Repossessions advice website a “positive step”

by David Masters
Repossessions advice website a
A new government website launched to help people facing repossession was welcomed this week by an industry expert. Chris Jenkins, co-owner of the Homeowner's Advice Centre, said the new site is a "positive step". The "easily accessible format" of the site helps people find the advice they need with minimum effort, he added. The website is designed to be used in conjunction with professional ...

August 12, 2009

Barclaycard ‘the only winner’ from helping-hand scheme

by David Masters
Barclaycard 'the only winner' from helping-hand scheme
Barclaycard's claim to be lending a helping hand to customers in financial difficulties are little more than a sham to boost the company's coffers, a financial expert has claimed. The credit card provider has launched a new advice line targeting customers who are close to their credit limit or who are failing to clear their debts each month. Customers will be sent ...

June 4, 2008

CML provides uniform response to borrowers in arrears

by Gill Montia
CML provides uniform response to borrowers in arrears
The Council of Mortgage Lenders (CML) has written to the Chancellor of the Exchequer, Alistair Darling, outlining the ways in which lenders are acting to minimise the financial problems of borrowers, particularly those coming off low-rate deals. The Council expects the number of mortgage arrears cases and repossessions to remain low during 2008 and points out that all lenders ...