Just a few days after Spanish bank Santander announced they were scrapping the Abbey, Bradford & Bingley and Alliance & Leicester brands, and thus probably ridding our high street of those old banks, today we learn that Lloyds is to kill off Cheltenham & Gloucester as a high street brand too.
On the day when West Bromwich Albion were relegated from the Premier League, there’s some more bad news for the Midlands town with the rumour that West Bromwich Building Society may be in trouble – although these rumour have been denied by the company.
£6,000 per minute. That large sum is not the wage demands of the latest signing for Man Utd, or the expenses claim of a porn-addicted MP, but the profit that Tesco made every minute over the past year.
Following yesterday’s news that the Dunfirmline Building Society is going bust, we’ve since found out that Nationwide is to takeover the more “stable” areas of the business, whilst yet again us tax payers will bear the risk of the dodgy toxic mortgages Dunfirmline polluted its otherwise decent business with.
How will this affect Dunfirmline customers?
Dunfermline Building Society, Scotland’s largest building society, which has been struggling to keep running in the past few weeks, has finally gone bust today.
Although the Dunfermline are yet to update their website with any details of how this will affect its customers, the Government seems to be indicating that savers with up to £50,000 will not lose any of their money.
Following its extremely high profile high-street demise, it looks as if Woolies will be reappearing as an internet-only outlet.
Update 25th June 2009 – Corus are cutting another 2,000 jobs across the U.K. – more details can be found on the BBC website. The following information relates to an annoucement of redundancies from January 2009. Corus are likely to announce a 10% cut in its U.K. workforce tomorrow morning (Monday 26th), meaning 2,500 jobs […]
After a few days of quiet on the administration front, electrical retailer Empire Direct has today announced that it has ceased trading and appointed KPMG as administrator.
More depressing news on the job front, with JCB and Wedgwood confirming many job losses, and more redundancies likely at Wincanton and Land of Leather.
More bad news on the job front today, as Nissan has announced it is getting rid of 1,200 jobs from its Sunderland factory, and Zavvi shuts 22 of its stores with immediate effect.