“I’m not cheap. I’m working my way up to cheap.” Warren Buffett, parrying an insult.
Tag: Business
Scotsman: Remortgaging Is Driving Debt Into Retirement
HOMEOWNERS risk falling into a £35 billion “never-ending mortgage” trap by failing to stick to or reduce the term of their loans – meaning pensioners are retiring with mountains of debt.
Motley Fool: Keep It Simple
Before investing in a company, I like to understand the business, and some businesses are easier to understand than others.
MoneyExpert: British Personal Debt Is ‘double European Average’
Over a third of all unsecured debt such as credit cards and overdrafts in Europe belongs to the British, says business research group Datamonitor.
Scotsman: UK Personal Debt Twice That In Rest Of Europe
INDIVIDUALS in the UK have an average of £3,175 unsecured debt, more than double that in the rest of western Europe, according to new research from independent analyst Datamonitor.
Motley Fool: My Favourite Spin-Offs
We Brits call them demergers, but Americans call them spin-offs. But whatever you call them, breaking up a company into smaller chunks is quite fashionable right now.
Scotsman: Home Debt To Hit Retirement
MORE than a third of homeowners will work into retirement to pay off their mortgages, according to a new survey.
Scotsman: Boots Trials Ban On Payment By Cheque
BOOTS, the high street chemist chain, has banned cheques at 46 stores in England.
Scotsman: Savers Look To Their Pensions At Last
IT IS a paradox that we tend to overspend in the good times and only save in downturns. Putting money by for a rainy day is not what we do: it’s the rainy days when we save.
Motley Fool: Retailers Past Their Sell-By Date
So MFI has sold its retailing operation to Merchant Equity Partners for a nominal sum of £1. But that only tells part of the story. MFI also said it will pay the private equity firm an additional £126m to take the loss-making business off its hands.