PerigeeInvest.com » Time Business Headlines

Rival chief puts Relax in administration

admin — Tue, 24 Nov 2009 23:35:19 +0000

Relax Group, the debt management company, was put into administration by the chief executive of one of its rivals, it emerged yesterday.
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Developer discounts spark buy-to-let spree

admin — Tue, 24 Nov 2009 23:35:19 +0000

Investors are snapping up newly built flats in northern cities at substantial discounts, clearing out the unsold stock of several leading housebuilders.
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Turn-up as finance chief leaves William Hill

admin — Tue, 24 Nov 2009 23:35:19 +0000

William Hill, the bookmaker, surprised the market by announcing the departure of its group finance director less than three weeks after he had overseen a £300 million bond issue.
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Shareholders in shock after banking bombshell

admin — Tue, 24 Nov 2009 23:35:19 +0000

The Bank of England’s bombshell about the level of secret support provided to HBOS and Royal Bank of Scotland has exploded at a distinctly uncomfortable time for Lloyds. On the very day that Lloyds prices its £13.5 billion rights issue, its shareholders are told they were kept in the dark about the real state of HBOS as it was being acquired by Lloyds a year ago.
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Cuts loom over UK’s nuclear clean-up budget

admin — Tue, 24 Nov 2009 23:35:19 +0000

The Government is sharpening the axe for Britain’s £4 billion nuclear clean-up budget and drawing up plans for big spending cuts at contaminated sites including Sellafield and Dounreay, The Times has learnt.

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Recovery uncertain as investment falls

admin — Tue, 24 Nov 2009 23:35:19 +0000

Business investment tumbled for the fifth straight quarter between July and September, official data showed yesterday, raising concerns about the sustainability of the economic recovery.

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Deripaska courts banks to stabilise Rusal’s finances

admin — Tue, 24 Nov 2009 23:35:19 +0000

Oleg Deripaska, the Russian oligarch, is in a race against time to complete the $7.4 billion ($£4.5 billion) refinancing of his aluminium empire before its initial public offering (IPO) in Hong Kong.

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Federal Reserve forecasts better growth next year

admin — Tue, 24 Nov 2009 23:35:19 +0000

The Federal Reserve raised its outlook for economic growth in the United States next year to a range of 2.5 per cent to 3.5 per cent and said that unemployment appeared to be near a peak.

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Saab could be near end of road as sale plan fails

admin — Tue, 24 Nov 2009 23:35:19 +0000

The future of Saab was in doubt last night after General Motors (GM), its American parent, said that a deal to sell the troubled Swedish carmaker had fallen through.

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Chinese banks seek capital after lending binge

admin — Tue, 24 Nov 2009 23:35:19 +0000

China’s banking sector is poised for a huge 300 billion yuan (£26 billion) capital-raising effort to finance the hangover from its unprecedented year-long lending binge.

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