The price of a first-class stamp in the UK will increase from 46p to 60p from the 30th of April this year, after the regulator lifted some of the price controls on Royal Mail. Prices of second-class stamps will also rise – they will move from 36p to 50p, just 5p beneath the top price [...]
The national minimum wage in the UK is set to go up by 11p, to reach a level of £6.19 per hour, the nation’s government has announced. The rise will take effect in October of this year. This increase will see minimum wage climb by 1.8% from its current level, which is lower than the [...]
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The Mexican telecoms mogul Carlos Slim has topped Forbes’ annual list of billionaires for the third year in a row. According to latest reports, his personal fortune stands at US$69 billion. Bill Gates, one of the co-founders of Microsoft (Public, NASDAQ:MSFT), is in second place with $61 billion, and investor Warren Buffett is in third [...]
Posted in Featured Post, Finance Tags: bill and melinda gates foundation, Bill Gates, Finance, forbes annual list of billionaires, lakshmi mittal, latin american news, Man, melinda gates foundation, money, personal finance, personal wealth, Third, warren buffett, Wealth, wealth news, Year No Comments »
Switzerland is moving closer towards putting higher tax rates into place for the 5,000 wealthiest foreign residents in the nation. The country has previously been well known for having low rates of tax. The upper house of Switzerland’s parliament had already approved a bill yesterday to introduce new tax measures. The suggested new law is [...]
Posted in Featured Post, Finance Tags: bill, Council, Finance, formula 1 racing, LAW, money, personal finance, rich foreigners, singer phil collins, Switzerland, tax, taxation, taxes, Wealth, wealth news No Comments »
A quarter of a million more people in the UK, who are in their early 60s and late 50s, are currently working unpaid overtime than the number that were doing so ten years ago, according to a recent report. The Trades Union Congress (TUC), a UK-based trade union, said that the increase was not in [...]
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The average price of unleaded petrol in the UK recently hit a record high of 137.44p per litre, industry analysts Experian Catalist have said. The new record level, which came towards last month’s end, is just above the average of 137.43p which was reached last spring. Petrol prices have been pushed upwards by prices of [...]
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Olympus (Public, TYO:7733), the Japanese camera maker, has proposed a new board as part of its efforts to rebuild after revelations of a $1.7bn fraud at the company. The firm has nominated present Olympus executive Hiroyuki Sasa for the position of president, with Yasuyuki Kimoto, a former banker at Sumitomo Mitsui bank (Public, TYO:8316), Olympus’ [...]
Posted in Featured Post, Finance Tags: Business, Camera, chairman, executive, Finance, investors, michael woodford, olympus, olympus scandal, president, sumitomo mitsui bank, tokyo stock exchange No Comments »
A number of banks including Lloyds Banking Group (Public, LON:LLOY), HSBC (Public, LON:HSBA), and RBS (Public, LON:RBS), have released their latest profit figures this week. In the UK, Lloyds Banking Group has announced that it suffered a loss of £3.5bn for the year up to the 31st of December, while the Royal Bank of Scotland [...]
Sir Mervyn King, governor of the Bank of England, has warned that the current debt crisis affecting Eurozone nations such as Greece is a “serious and immediate risk” to the British banking system. Speaking at a press conference in London, Sir Mervyn called on British banks to use their profits to build up more reserves [...]
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Rangers Football Club, one of the most successful British football teams in history, has entered administration. The news means that the club will be docked 10 points from its current points total in the SPL (Scottish Premier League). The points deduction all but ends Rangers hopes of winning this season’s SPL title. London firm Duff [...]
Posted in Featured Post, Finance Tags: duff and phelps, Finance, Football, History, money, Rangers FC, rangers football club, scottish businessman, SPL No Comments »
Chinese Internet Sites Hit By Anonymous Attack 
Investors’ Better Off Buying Oil Than Gold, Says Leading Fund Manager 
James Murdoch Leaves Chairman Post At BSkyB 
Sentiment Of Canada’s Small Businesses Rises For Seventh Consecutive Month 
New Website Aims To Become Big Player In The Daily Deals Market 
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