Beleaguered fund management group New Star Asset Management is locked in talks with its lenders over the group's £230m of debt after its shares fell back to an all-time low.
The situation has raised fears that investors may look for a quick exit from New Star funds. Already assets under management at [...]
Managing director Phil Bentley has written to all customers highlighted last week and said he was 'happy to allay' their concerns.
And the energy company, Britain's largest, has called in 300 staff to address problems with energy payments.
HELPLINE NUMBER: 0800 048 0101
The Mail on Sunday has been contacted by 1,500 readers worried that they are [...]
Just weeks before Christmas, Aston Martin, Unilever and Halfords announced cuts to their workforces.
The losses will add to a growing tally as firms struggle in the worst economic downturn since the First World War.
Unemployment is at 1.8m, its highest level for 11 years. It is expected to rise to 3.3m by 2010.
Every day, about [...]
John Duffield's struggling group said it was in 'advanced and constructive discussions' over its crippling £230m mountain of debt.
The request for shares to be suspended was made at the all-time low of just 14p this morning, having crashed 97% from a peak of 485p just 18 months ago. After the request was denied by [...]
But Alistair Darling's mini-Budget came with a sting in the tail - higher National Insurance contributions and tax rises for the relatively well-off. Here, Financial Mail examines the impact of the Chancellor's action on families.
Cash-strapped families were given an early Christmas present from the Chancellor as he increased child benefit payments three [...]
A rally in the price of gold over the past month has seen it rise from about $740 per ounce, at the start of November, to $814 this week. And while its value remains under the $840 seen at the beginning of 2008, and considerably below its peak of more than $1,000 in [...]
'The speed of the drop in property values is unprecedented for this country, but when the market starts to pick up, the huge advantage that buyers currently have will be lost,' says James Greenwood, of Stacks Property Search & Acquisition.
He points buyers in search of a great deal towards new developments.
'With most developers in [...]
By Julie Rains
Winning a scholarship takes effort, even to snag an award that is relatively small ($500-$1,000) compared to the cost of attendance at a state university (more than $16,000 per year). But, depending on your financial circumstances, you'll save on tuition now, and reduce the interest and principal on student loans later. And, if [...]
Staff at some of Woolworths' 815 stores were in tears, fearing they will have no money to buy food and presents or pay their bills.
The iconic firm, famous in the past for its pick and mix sweets and sales of music, has a proud history which dates back almost 100 years in the UK.
Administrators [...]
The rule change comes amid an increasing number of mergers in the building society sector and heightened concern among savers about their compensation coverage in the event of a society's collapse.
Unlike banks, merged building societies have had to operate under one FSA and compensation authorisation until now, meaning total savings coverage of [...]
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