Tag: payments

Bank of England: Home repossessions to stay low

Bank of England: Home repossessions to stay low

According to Sir Mervyn King, the Governor of the Bank of England, a surge in home repossessions is unlikely as UK interest rates are set to remain low. Repossessions have fallen over recent times and many experts have previously argued that homeowners have been saved from repossession because of historically low interest rates, which has [...]

June 28, 2011 | 0 Comments More
Bovis sees encouraging start to the year

Bovis sees encouraging start to the year

Housebuilder Bovis Homes issued a positive statement today after saying 2011 had started well for the company and it will resume dividend payments. According to the company, pre-tax profits for 2010 were £18.5 million - more than double the £7.5 million it reported for the 2009 year. Revenues were up 6% at £298.6 million and [...]

March 14, 2011 | 0 Comments More
Shareholders suffer as dividend payments fall in 2010

Shareholders suffer as dividend payments fall in 2010

Research by Capita Registrars Dividend Monitor has revealed how shareholders will suffer this year due to a fall in dividend payments. Dividend payouts by London-listed companies will fall 6.5% in 2010, the company said, primarily due to the suspension of oil giant BP’s dividend. The research estimated British companies would pay £54.7 billion to shareholders [...]

July 23, 2010 | 0 Comments More
Which? opposes abolition of cheques

Which? opposes abolition of cheques

Plans by the banks to phase out cheque books could prove disastrous for the Brits who rely on cheques to make day-to-day payments, consumer rights group Which? has claimed. “The fact is a lot of people still rely on cheques, especially people who are housebound or for some people it’s the only way they feel [...]

November 27, 2009 | 2 Comments More
Plans to curb excessive bonus payments

Plans to curb excessive bonus payments

The excessive bonus culture, a subject which has dominated the news this year, rears its head again after Chancellor Alistair Darling has responded to calls for a new commission to restrict bonus payments. Bank bonuses, in particular, have sparked public anger and have been the subject of heavy criticism since it is banks that are [...]

August 17, 2009 | 0 Comments More
American Express suspends UK pension payments

American Express suspends UK pension payments

American Express, the credit card giant, has announced that with effect from 1 July, it has suspended pension contributions for its UK employees. The move, which affects 6,000 members, will see payments stopped for a maximum of 18 months. Many firms have adopted similar measures as the global recession has forced companies to slash costs. [...]

July 16, 2009 | 0 Comments More
Faster Payments Service starts today

Faster Payments Service starts today

The £300 million Faster Payments Service, developed by 13 banks, gets underway today. The 13 banks included in the scheme are Abbey, Alliance and Leicester, Barclays, Citi, Clydesdale and Yorkshire Banks (National Australia Group), Co-operative Bank, HBOS, HSBC, Lloyds TSB, Nationwide Building Society, Northern Bank (Danske Bank), Northern Rock, and Royal Bank of Scotland Group [...]

May 27, 2008 | 0 Comments More