Archive for March, 2008

ACF Car Finance appoint new National Sales and Training Manager

Sunday, March 23rd, 2008

ACF Car Finance, the UK car finance specialists, has this week appointed a new National Sales and Training Manager.
Steve Butler was chosen for the role due to his exceptional experience and knowledge of the business. He started off his career with the used car finance company as a Sales Executive at the Isleworth Branch; […]

Somerfield supermarket chain auction going ahead

Sunday, March 23rd, 2008

The sale of Somerfield is going ahead, defying speculation that the auction had been abandoned. Sources said Robert Tchenguiz, part-owner of the £2bn supermarket chain, is still hopeful a sale can be agreed.
The Co-operative group was thought to be the only bidder to have tabled an offer for the retailer before the first-round auction deadline […]

Federal Reserve and other central banks announce specific measures designed to address liquidity pressures in funding markets

Saturday, March 22nd, 2008

Since the coordinated actions taken in December 2007, the G-10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in some of these markets have recently increased again. We all continue to work together and will take appropriate steps to address those liquidity pressures.
To […]

Fairinvestment.co.uk Has Found More Than Half of Credit Card Customers Pay Zero Interest

Friday, March 21st, 2008

More than half of credit card customers pay off their credit card balance in full each month, thereby reaping the benefits of paying by credit card whilst avoiding paying any interest, according to new research from Fairinvestment.co.uk.
Savvy credit card customers who take what they can get from their flexible friend account for 60 per cent […]

Bank of England auctions £10billion

Thursday, March 20th, 2008

The Bank of England’s latest special auction of three-month funding received the biggest demand yet as banks lined up for a liquidity injection amid panicky financial markets.
Demand for the £10bn of funding was the highest of the three auctions that the Bank has held since central banks around the world first announced co-ordinated action in […]

PerTOOLS Announce their new China Distributor

Thursday, March 20th, 2008

Today in London, PerTOOLS, the provider of Time Series Analysis and Data Extractor tools announced that they have appointed TurnTech as their Distributor in China. TurnTech are based in Beijing and will service the China market on behalf of PerTOOLS. This alliance is another step towards PerTOOLS’s plan to have a global network […]

European Court rejects Aer Lingus appeal over Ryanair shareholding

Wednesday, March 19th, 2008

The European Court on Wednesday refused to block Irish low-cost airline Ryanair from using its voting rights in rival Aer Lingus, in the latest twist to a vicious takeover battle. “Aer Lingus has failed to fulfil the conditions required for interim relief,” which would block Ryanair’s use of its voting rights, because it has not […]

BEAR STEARNS AGREES TO SECURED LOAN FACILITY WITH JPMORGAN CHASE

Tuesday, March 18th, 2008

NEW YORK – New York – March 14, 2008 – The Bear Stearns Companies Inc. announced today it reached an agreement with JPMorgan Chase & Co. (JPMC) to provide a secured loan facility for an initial period of up to 28 days allowing Bear Stearns to access liquidity as needed. Bear Stearns also announced that […]

Zions Bancorporation Announces Successful Auction of Nearly $67 Million of Senior Notes

Tuesday, March 18th, 2008

SALT LAKE CITY - Zions Bancorporation announced today that it successfully sold via an online auction $66,688,000 of one-year senior notes with a 5.00% coupon. Using the online platform at auctions.zionsdirect.com, a Web site owned and operated by Zions Direct, $2,000,000 in notes were sold to institutions and individuals participating in the auction. In addition, […]

UK Financial advisor accused of £1million scam

Tuesday, March 18th, 2008

A 57-year-old financial advisor has been charged with stealing more than £1m from elderly people.
Mike Tomlinson, from the Nantwich area of Cheshire, is accused of carrying out an investment scam while he worked in Market Drayton, Shropshire.
He is accused of 26 counts of deception and one of fraudulent trading and is due to appear before […]