China maker Waterford Wedgwood has succumbed to its massive debts and has finally gone into administration today.
Tag: Business
Recession Watch: Olan Mills Photographers Close Down
The latest high-street victim of the recession is the photographer Olan Mills, which has shut its 34 photography studios across England and Wales.
Woolworths Store Closing Dates
Woolworths have released a list of store closing dates for their 800 shops nationwide.
Woolworths Will Close In January (or Sooner)
More news today from the failing retailer Woolworths; it seems that unless a last minute buyer can be found, all of its stores will be closed by 5th January.
The Sub-Prime Mess Comically Explained
If you’re wondering how we ended up with the credit crunch, following the problems with sub-prime mortgage lending in the US, then this funny set of slides might help you understand. Beware, there is some adult language, but it’s worth going through the full 40-odd images for a good chuckle. The Sub-Prime Primer Credit for […]
Scotsman: Free Financial Advice For All
EVERY adult in the UK is to be offered free advice about financial products within five years.
Scotsman: REITs To Become Next Hot Properties
COMMERCIAL bricks and mortar is no longer the preserve of the rich, writes Lindsey Rogerson.
Scotsman: FSA’s Findings On Mortgage Advice Sounds A Warning
AN ALARMING two-thirds of mortgage firms use processes that do not meet approved standards, according to research released this week by the Financial Services Authority (FSA).
Scotsman: Rate Rise Shock Means Uphill Battle For Many
IT’S FAIR to say most people were taken by surprise when interest rates were raised to 5.25 per cent on Thursday – taking the base rate to its highest level in five and a half years.
Scotsman: On The REIT Track For Success
REAL estate investment trusts (REITs) launched in the UK at the beginning of this month to remove the barriers to investing in property.