Business money market

New M&S chairman to be paid Ј500,000

Money

By Graham RuddickPublished: 6:41PM BST 22 Aug 2010 Robert Swannell: helped guard M&S from a hostile takeover attempt by Sir Philip Green in 2004 The retailer is believed to have ~ing in advanced talks with Robert Swannell about a deal that decree see the veteran investment banker paid a salary of around &shut up;500,000. Sir [...]

Paper clip budget

Money

Wwwebwatch – www.creditchoices.co.uk By Melanie Wright 21/08/2010 THIS seat offers comprehensive and impartial advice on credit cards, mortgages, loans, savings and current accounts. Use it to investigation and compare offers, access self-help consumer guides and put questions to the seat’s resident money expert. It also has a savings calculator to prevent you work out the [...]

M&S chief creates top jobs in bid to boost overseas and online sales

Money

Marks & Spencer has ordered headhunters to make a ~ning a search for two new directors to focus on the online and between nations business. The changes are part of a board restructuring by supreme executive Marc Bolland, who arrived from Morrisons in May. Bolland wants to agree the gap between Marks & Spencer ‘s [...]

Savers must gamble and pay premium for top cash Isa deals

Money

You be obliged to take a gamble to receive the best rates on ready money Isas. Banks and building societies are prepared to pay a premium to those who are minded to tie their money up in longer term fixed-rate deals. Many economists forebode. the base rate will rise in the coming months, but possibly [...]

Business Bullet: Markets, Dana, Look ahead, Australia

Money

Published: 11:56AM BST 20 Aug 2010 Email Print Robert Miller by the latest City and business news on a see-saw period of week trading session for Europe’s markets; Korean National Oil Corporation goes at variance on Dana Petroleum; a look ahead to companies reporting next week and investors become nervous ahead of Australia’s general election. [...]

Korea’s KNOC makes Ј1.87bn hostile bid for UK oil explorer Dana Petroleum

Money

By Rowena MasonPublished: 12:06PM BST 20 Aug 2010 Dana Petroleum The Korea National Oil Corporation announced the &bray;18-a-share cash offer on Friday, taking it straight to shareholders on the model of Dana’s board rejected an approach at this level last week. KNOC related it had the support of investors which an interest in 48.6pc of [...]

Self-service paying-in machines could put your money at risk

Money

A ~ized loophole is leaving bank customers who use self-service paying-in machines at danger, experts warn. The machines, which require customers to post cash using some envelope, do not issue receipts – meaning there is no legal up~ to demand it back if the cash goes missing. Hundreds of populate a year are denied compensation [...]

Blow for Barclays as customers complain about sale of risky investments

Money

Almost 2,000 customers a sunshine are complaining to Barclays, many related to the sale of risky investments to vigilant savers. The High Street bank (down 2p at 317.4p) believed 259,266 complaints in the first six months of the year –the remarkable majority about its retail banking arm. Some 7,053 were cognate to investments.

Prime Minister David Cameron rents out home for up to Ј72k a year

Money

David and Samantha Cameron are pocketing up to Ј6,000 a month through renting out their London home while they live in No 10. In 10 Downing Street and the magistrate country retreat of Chequers, the Prime Minister has the use of pair grace-and favour properties. But the couple have now decided to coin in on [...]

Cut taxes not spending, says ex-Monetary Policy Committee member Blanchflower

Money

By Philip Aldrick, Economics EditorPublished: 6:18AM BST 19 Aug 2010 Previous  of  Images Next David Blanchflower reported the danger was that the Coalition’s policies would push the plan back into recession Photo: REUTERS David Blanchflower said the danger was that the Coalition’s policies would push the management back into recession Photo: REUTERS Mr Blanchflower, a staunch [...]

Business money market