Tag: online

1,000 jobs to go at Barclays

1,000 jobs to go at Barclays

Banking giant Barclays has announced it will axe 1,000 jobs as it ceases to offer financial planning advice in its branches. The job cuts will take place countrywide from February 18 as the bank focuses its investment service online. The announcement comes just a week after the bank was fined £7.7 million by the Financial [...]

January 26, 2011 | 0 Comments More
Online shoppers to spend millions on Mega Monday

Online shoppers to spend millions on Mega Monday

Known as “Mega Monday”, today is expected to be the busiest internet shopping day of the year with online shoppers expecting to spend £22 million an hour - according to shopping comparison website Kelkoo. A staggering £537 million is expected to spent today as the majority of British consumers will have just received their final [...]

November 29, 2010 | 0 Comments More
Internet sales soar in July due to wet weather

Internet sales soar in July due to wet weather

IMRG, an industry body for global e-retailing, has reported online sales soared in July - at the quickest pace in three years. According to the industry body, the rain discouraged shoppers from venturing onto the high street and opting to purchase from the comfort of their own home. According to IMRG, £5 billion was spent [...]

August 20, 2010 | 0 Comments More
Google’s secret $100m flutter on gaming

Google’s secret $100m flutter on gaming

Google has secretly invested over $100 million in online gaming company Zynga, it has emerged. If the reports are true, the investment represent’s the search engine giant’s first major foray into web gaming. Zynga is responsible for some of the best-known online games, including Farmville and Mafia Wars on social networking site Facebook. The investment [...]

July 12, 2010 | 0 Comments More
Number of vacant High Street stores continue to rise

Number of vacant High Street stores continue to rise

Research by the British Property Federation Retail Summit has revealed that the some British towns are turning into ghost towns as shoppers continue to avoid the High Street, in favour of online shopping. A recent study by the Centre for Retail Research (CRR) and shopping comparison website Kelkoo, found that UK shoppers spent more online [...]

February 11, 2010 | 0 Comments More
Shoppers shun the High Street for the internet

Shoppers shun the High Street for the internet

The Centre for Retail Research (CRR), in a study commissioned by shopping comparison website Kelkoo, found that UK shoppers spent more online than anywhere else in Europe in 2009. The research showed that UK consumers spent £38 billion online last year (the equivalent of €1,240 (£1,070) per shopper) and accounted for almost a third of [...]

February 1, 2010 | 0 Comments More
Savvy investors snub financial advisers

Savvy investors snub financial advisers

Two thirds of investors don’t bother seeking financial advice before making an investment, according to a new study. In a poll by the Fair Investment Company (FIC), 64% of respondents said they would not seek advice before making a decision about where to invest their money. Just 34% said they would get advice before making [...]

January 27, 2010 | 0 Comments More
E-clear placed into administration

E-clear placed into administration

Card-payment processing company, E-Clear, has been placed into administration. The company was responsible for online ticket sales at Scottish airline Flyglobespan, which collapsed in December. PricewaterhouseCoopers (PwC), which was appointed administrator for Flyglobespan, had been investigating E-Clear to establish why the company held back £35 million owed to Globespan Group, which operated Flyglobespan. E-Clear was [...]

January 19, 2010 | 0 Comments More
e-retailers hit by High Street discounting

e-retailers hit by High Street discounting

According to the IMRG Capgemini e-Retail Sales Index, online spending growth slowed to a record low in September as heavy discounting on the High Street dragged consumers away from their computers. Furthermore, above average temperatures during the month, as well as the threat of postal strikes have all contributed to the slower growth. With a [...]

October 21, 2009 | 0 Comments More
82-year-old Quelle goes bust with loss of 7,000 jobs

82-year-old Quelle goes bust with loss of 7,000 jobs

German mail-order company Quelle is to close down after more than 80 years of trading with the loss of 7,000 jobs. The company spent years revolutionising the country’s retail landscape but has failed to spot customers’ move to online shopping and has subsequently collapsed after attempts to sell the firm failed. According to services union, [...]

October 20, 2009 | 0 Comments More
Marks and Spencer considers online grocery shopping

Marks and Spencer considers online grocery shopping

Marks and Spencer (M&S) has revealed it is considering establishing an online food shopping service. The retailing giant has been toying with the idea for some time but opted out due to the costs associated with setting up the service. However, Steve Rowe, the company’s director of retail, told City analysts in London yesterday: “Food [...]

October 14, 2009 | 0 Comments More
Aviva launches online Pensions Tracker

Aviva launches online Pensions Tracker

Over one million pension savers can track the performance of their pension fund and plan for retirement using a new online tool. The Aviva Pension Tracker, available to Aviva’s pensions customers, was launched this week. The secure website features Lisa, a virtual online guide who shows users around the site and explains the importance of [...]

September 26, 2009 | 1 Comment More
Barclaycard overhauls online service

Barclaycard overhauls online service

Barclaycard has updated its online account management service. The website has been redesigned to give customers more control over their Barclaycard accounts. Updates include giving customers the choice as to how they view their account information and spending, and simplified log-in, balance transfers and transaction disputes. Customers can choose to view their spending in categories, [...]

September 1, 2009 | 0 Comments More
Which? issues online currency exchange warning

Which? issues online currency exchange warning

Consumer advice magazine Which? has warned Brits planning a holiday overseas to watch out for hidden charges on online currency exchange services. Competitive exchange rates offered by online providers may be tempting, Which? said, but additional charges such as credit card transaction fees and delivery fees can make online currency services more expensive than the [...]

August 20, 2009 | 0 Comments More
Barclays revamps e-banking

Barclays revamps e-banking

Barclays has redesigned its online banking services to make them more customer friendly. The navigation menu has been made easier to use, and new features have been added. Customers can now use the Barclays e-banking website to notify the bank when they want to use their debit card overseas, to rename their accounts, and to [...]

July 27, 2009 | 0 Comments More
Leeds pays 3.05% on easy access account

Leeds pays 3.05% on easy access account

A new online easy access savings account launched this week by Leeds Building Society pays interest at 3.05%. For a minimum investment of £100, savers are offered unlimited penalty-free access to their cash, with no advance notice required. Kim Rebecchi, Leeds’ director of sales and marketing, said: “A return of 3.05%, combined with the flexibility [...]

June 26, 2009 | 0 Comments More
Online retail to offset high street woes

Online retail to offset high street woes

Online shopping could give the UK’s economy the boost it needs to climb out of recession, according to a new report. PayPal UK’s Online Retail Report estimates that the amount Brits spend online is set to double by the end of 2011, from £8.9 billion per year to £21.3 billion. During 2011, consumers will spend [...]

June 25, 2009 | 0 Comments More
OFT launches online register of dodgy estate agents

OFT launches online register of dodgy estate agents

The Office of Fair Trading (OFT) has launched an online version of its register of dodgy estate agents. Firm’s listed have been given warnings or been banned from estate agency work and the list can be viewed at www.oft.gov.uk/estateagentregister The register can be browsed alphabetically or by date and also provides information on how to [...]

June 23, 2009 | 0 Comments More
Moneywise short-lists best providers for customer service

Moneywise short-lists best providers for customer service

A short-list of the financial providers that offer the best customer service was unveiled this week by Moneywise. Moneywise revealed the firms that have been nominated for its Customer Service Awards 2009 in the categories of online current accounts, in-branch current accounts, mortgages, home insurance, and credit cards. Halifax, First Direct, and Lloyds TSB are [...]

June 1, 2009 | 0 Comments More
Tesco offers 45% discount on home insurance

Tesco offers 45% discount on home insurance

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 [...]

May 8, 2009 | 0 Comments More