The long-running dispute between the Unite union and British Airways (BA) could come to an end following talks to avert further industrial action. Union members are understood to be meeting later today which could lead to an offer. Cabin crew have been involved in a bitter dispute with the airline since November 2009 over cost-cutting [...]
China has said it is prepared to support the euro zone, a spokesperson for the Chinese Foreign said today. Foreign ministry spokeswoman Jiang Yu said: “We are ready to support the euro zone to overcome the financial crisis and realise economic recovery” and suggested the country will buy more euros in the future. China has [...]
It has been confirmed today that De La Rue, the banknote printer, has received a £750 million takeover offer from French company, Oberthur Technologies. De La Rue, which also prints passports for the Home Office, said the offer was “highly preliminary and opportunistic”. Speculation of an offer led to De La Rue’s shares soaring almost [...]
There are fresh concerns for more strikes at British Airways (BA) after cabin crew yet again rejected the airline’s offer to end their bitter row over cost-cutting measures. However, there was a low turnout for ballot, which “encouraged” the airline with less than half of the 11,000 members balloted by the Unite union casting a [...]
The Unite union last week announced plans to ballot its 12,000 cabin crew members on Tuesday, however, it will now be postponed following an offer from British Airways (BA). So far, cabin crews have held 22 days of strikes after being involved in a long-running dispute with the airline over cost-cutting measures, which include a [...]
The Unite union has said more strikes are possible at British Airways after it “strongly recommended” cabin crew members to reject the latest offer from the airline in a ballot. The offer from BA was aimed at ending a long-running dispute over cost-cutting measures, which include a pay freeze and a switch to part-time working [...]
British confectioner Cadbury, renowned for Dairy Milk chocolate, is awaiting the next move from US food giant, Kraft. Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury in September with an informal £10.2 billion takeover offer, which Cadbury rejected. In November, Kraft made a second bid of £9.8 billion, [...]
British confectioner Cadbury, renowned for Dairy Milk chocolate, urged shareholders today not to let Kraft “steal your company with its derisory offer“. Cadbury chairman, Roger Carr, delivered the statement after it said it had enjoyed an “outstanding” performance in 2009, which exceeded market expectations. It said underlying revenues were up 5% in 2009, with a [...]
Swiss food giant Nestlé has declared itself out of the running for British confectioner Cadbury. Late last year, Nestlé was reported to be the latest company to make an offer for Cadbury after US food giant, Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury in September with an [...]
The board of British confectioner Cadbury has swiftly rejected the £9.8 billion ($16.4 billion) hostile bid from US food giant Kraft. The offer, which was put directly to Cadbury’s shareholders, was described by chairman Roger Carr as “derisory”. Kraft said it would offer 300p in cash and 0.2589 new Kraft shares for each Cadbury share, [...]
Two months ago, US food giant Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury with an informal £10.2 billion takeover offer, which the UK confectioner later rejected. Roger Carr, chairman of Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”. However, under [...]
Bus and train operator National Express has today issued a profit warning and is to proceed with a £350 million rights issue within weeks to strengthen its balance sheet as it struggles under a mountain of debt totalling almost £1 billion. Analysts say the rights issue will be completed before Christmas. Meanwhile, the company said [...]
The maker of Dairy Milk chocolate, Cadbury, has exceeded analysts expectations in the third quarter after reporting a 7% rise compared with the same period a year ago. Analysts had been expected growth of around 4% and the news sent shares up 0.9% to 808p in the British confectionery giant. Cadbury chief executive, Todd Stitzer, [...]
Stagecoach has approached rival National Express with a £1.7 billion offer after a Spanish-led consortium withdrew its £765 million offer last week for the rail and bus group. Stagecoach, the operator of South West Trains and East Midlands Trains, has made a new all-share offer for its rival, following the withdrawal of the Spanish-led consortium, [...]
Roger Carr, chairman of British confectionery giant Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”. Last week, US food giant Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange and Toblerone, approached Cadbury with the unsolicited offer, which the maker of Dairy [...]
British confectionery giant Cadbury has turned down a £10.2 billion takeover offer from Kraft, the US food giant. Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange, Toblerone and cheese products such as Philadelphia and Dairylea, said the takeover would secure UK jobs, while keeping open Cadbury’s Somerdale factory, [...]
Tesco Home Insurance is offering a 45% discount for new customers who purchase a policy online. The supermarket financial provider said the online discount is available on its Value, Standard, and Finest cover. Value cover is Tesco’s ‘no frills’ policy, offering protection for major events such as fire, storms, theft, and floods. Standard cover adds [...]
Alliance & Leicester (A&L) is offering £100 to new customers opening a current account. The Santander-owned bank said the offer will be available for four weeks from Thursday 30 April to new customers opening a Premier Current Account or a Premier 50 Current Account. “This is only available for a few weeks, so grab it [...]
As of this week, Halifax is plying homemovers and first-time buyers with a new offer that provides help towards the cost of running a home. Borrowers can have 50% of their council tax bill paid by the lender during the first year in their new residence, with all payments being made direct to local councils. [...]
One of the world’s leading accountancy firms, KPMG, is the latest to suffer during the economic downturn after it offered its 11,000 staff sabbaticals or a shorter working week. In an email earlier today, staff were told they have the option of moving onto a 4-day week, with the fifth day unpaid. According to the [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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