News Tag: Lord Mandelson
February 2, 2010
Cadbury shareholders have today voted in favour of the £11.5 billion ($18.9 billion) takeover deal from US giant, Kraft Foods.
Today’s vote brings an end to Kraft’s five-month battle to take control of the 186-year-old British confectioner.
Cadbury said it had received valid acceptances of the offer from shareholders representing 71.7% of the company.
Commenting on the deal, Kraft ...
Cadbury shareholders vote in favour of Kraft takeover
by Kay Murchie
August 10, 2009
Official figures released today show that orders for the scrappage scheme have reached 154,927.
£300 million was put aside from the Government, along with the matched funding from manufacturers - enough to fund 300,000 transactions. Consequently, over half of the money within the scheme has been spent.
The Government’s car scrappage scheme, branded ‘bangers for cash‘ was launched on 18 May and pays ...
Scrappage scheme reaches halfway mark
by Kay Murchie
May 29, 2009
New figures out today show that more than 35,000 vehicles have been ordered through the Government’s car scrappage scheme since its launch on 18 May.
The scheme, which was introduced to boost the fall in demand for new cars, pays consumers to get rid of their old cars and replace it with a more environmentally friendly car.
The scheme has already ...
Car scrappage scheme gives sales a ‘major boost’
by Kay Murchie
May 12, 2009
The Government has announced that the UK minimum wage will rise by 7p to £5.80 an hour from October, despite warnings to freeze the hourly rate.
According to the Government, almost one million people will benefit from the increase and the 7p an hour rise applies to workers aged 22 and over.
In the meantime, the rate for 18 to 21-year-olds will increase ...
Minimum wage to rise from October
by Kay Murchie
April 6, 2009
The Department for Business, Enterprise and Regulatory Reform has announced that there will be an extension of current legislation, whereby employees with children under six or disabled children had a statutory right to request flexible working, and this has now been extended to anyone with children under 16.
The Trades Union Congress has welcomed the change as it will mean that ...
UK parents to get increased working flexibility
by Peter Charalambous
February 5, 2009
Business Secretary Lord Mandelson has warned the Royal Bank of Scotland (RBS) about its intention of offering “exorbitant” bonuses to staff.
According to a report in The Times today, RBS plans to pay staff tens of millions of pounds in bonuses.
In 2007, the investment banking arm of RBS, a division known as global banking and markets (GBM), paid out £1.8 billion ...
RBS warned over large bonuses
by Kay Murchie
February 1, 2009
Business Secretary Lord Mandelson is understood to be in full support of extending financial services at the UK’s 12,000 Post Offices.
The Department for Business Enterprise and Regulatory Reform (BERR), led by Lord Mandelson, is in favour of creating a 'People's Bank', which will see Post Office outlets as the backbone of a new national bank.
Many believe the move will help to ...
Post Office to expand banking services
by Kay Murchie
January 27, 2009
This afternoon, Business Secretary, Lord Mandelson, unveiled a rescue package of £2.3 billion for the UK’s ailing car industry.
The package comes after months of pressure on the Government to take action after the Society of Motor Manufacturers and Traders (SMMT) warned that the industry was "battling" for its survival.
Many car manufacturers have been forced to place ...
Lord Mandelson unveils £2bn package for UK’s struggling car industry
by Kay Murchie
Mandelson to reveal plans to boost car industry
by Kay Murchie
January 14, 2009
Business Secretary Lord Mandelson has today unveiled the Government’s plan to kick-start lending for small and medium-sized businesses to help them weather the economic downturn.
The Government has announced measures to guarantee up to 50% of up to £20 billion worth of loans. Companies with an annual turnover of up to £500 million will be eligible for the scheme.
Meanwhile, smaller, ...
Mandelson unveils plans to kick-start lending for businesses
by Kay Murchie
Plans underway to boost lending to businesses
by Kay Murchie
November 4, 2008
Last month, in a co-ordinated move with other banks, the Bank of England’s Monetary Policy Committee (MPC) slashed UK interest rates from 5% to 4.5%.
Central banks in the US, Japan and China have all cut interest rates in the last week in a bid to fight off a recession.
Many analysts believe that the Bank of England and ...
MPs urges banks to pass on interest rate cuts
by Kay Murchie
