The average household in China has four times more savings than the average household in the UK, new research shows. According to Lloyds TSB, the typical British household has £5,000 in savings and investments. This compares to over £19,000 in China. German households, meanwhile, have average savings of almost £9,000. The bank said that the [...]
(Reuters) – House prices unexpectedly fell for the second month in a row in January, due to the prospect of greater unemployment and buyers’ problems finding large enough mortgage deposits, data from lender Nationwide showed on Wednesday. Nationwide said that house prices dropped by a seasonally adjusted 0.2 percent last month after a similar decline [...]
Consumers in England and Wales will pay an average of 5.7%, or about £20 more, for their water bills in 2012-13 following charge increases announced by the economic regulator of the water and sewerage industry, Ofwat. But Southern Water, which is installing meters in all its customers’ homes after Kent, Hampshire and Sussex were designated [...]
Britain’s biggest retailer Tesco is losing out to discount alternatives, with its market share dropping below 30% for the first time since 2005. A new survey by Kantar Worldpanel has found that sales growth at Tesco has slowed to just half that of the broader grocery market as rival supermarkets take over. Tesco issued a [...]
Cash-strapped families could save up to a third off their weekly grocery bills if they replace fresh fish, meat and vegetables with frozen equivalents, research shows. The research, by Sheffield Hallam University, showed that a basket of frozen family groceries cost just £15.45, whereas the same items bought fresh would cost £23.25. By opting for [...]
LONDON — James Murdoch, at the centre of the phone hacking scandal in his family’s British newspaper business, has resigned from the board of GlaxoSmithKline, the pharmaceuticals giant said on Friday. Rupert Murdoch’s son has decided against seeking re-election as a non-executive director. GSK stated there had been no pressure placed on Murdoch to stand [...]
The low-cost airline Easyjet saw revenues rise 16.7% in the last three months of 2011 as passenger numbers rose 8.1%. The company said that comparisons with the same period last year were flattered by last year’s business being heavily disrupted by snow. Easyjet said this meant that the costs of flying per seat – a [...]
The UK economy shrank by 0.2% in the last three months of 2011, official figures show. It is the first quarter of negative growth for a year and the fall was slightly more than expected. The contraction in Gross Domestic Product (the value of all goods and services produced) marks a sharp slowdown on the [...]
Swiss oil refiner Petroplus has said it will file for insolvency after failing to reach an agreement with creditors to extend deadlines for loan repayments. The UK subsidiary of the firm, which owns the Coryton oil refinery in Essex, has appointed PricewaterhouseCoopers (PwC) as administrators. Shares in the company, which is Europe’s largest independent oil [...]
LONDON — British supermarket chain Asda said Monday that it planned to create 5,000 jobs this year, in a move hailed by Prime Minister David Cameron amid rising unemployment in Britain. “Asda today announced that it will invest over £500 million ($780 million, 600 million euros) in its UK stores and depots in 2012, helping [...]
© 2009
Finance Behavior. All Rights Reserved. Terms under which this service is
provided to you. Privacy Policy. Advertising Practices. 