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21st of November 2010
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News Tag: suspend

June 15, 2010

Fitch cuts BP credit rating amid debt fears

by Kay Murchie
Fitch cuts BP credit rating amid debt fears
Credit rating agency Fitch has today downgraded BP’s rating by six notches, from AA to BBB. The downgrade comes as the oil giant continues to battle to contain the oil leak in the Gulf of Mexico which has resulted in the company's shares plunging in value. Commenting on the downgrade, Fitch said it is concerned about BP's ability to repay ...

March 26, 2010

Recalls lead Toyota to halt production in France and Britain

by Kay Murchie
Struggling Japanese carmaker Toyota is to suspend production at plants in France and Britain for two weeks from Monday amid safety recall problems. The carmaker has been suffering amid major safety fears and has recalled almost 9 million vehicles over concerns about accelerator pedals and brake systems. The problems have been blamed for almost 60 deaths in the ...

August 23, 2009

More woes for young job-hunters as BT suspends graduate recruitment scheme

by Kay Murchie
Last week, the Prince's Trust and the University of Sheffield revealed challenging times for school leavers this summer. Professor Danny Dorling, from the University of Sheffield, said: "The rate of youth unemployment in the recession to come will depend almost entirely on what opportunities young people are offered.” The report pointed out that if the number of young ...

July 16, 2009

American Express suspends UK pension payments

by Kay Murchie
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. However, American Express is the largest company ...

August 5, 2008

Chancellor ponders stamp duty suspension

by Gill Montia
Chancellor ponders stamp duty suspension
A long-awaited and much petitioned for concession on stamp duty could be in the offing. Speaking on Radio 4's Today programme, Chancellor of the Exchequer Alistair Darling has said that he will include a possible suspension of the tax among a range of measures he is considering to kick-start the UK's housing market. However, firm details should not be expected before the autumn, when ...