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 [...]
Hoping to harvest some fresh cash, the online game company behind “FarmVille” said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares. Zynga Inc. is the latest in a spate of IPOs by Internet companies this year, ranging from professional networking service LinkedIn Corp. to [...]
A financial trader who appeared on the BBC was not a hoaxer, the broadcaster has said after doubt was cast on his credentials. It issued a statement after Twitter users suggested that Alessio Rastani was not a trader. “We’ve carried out detailed investigations and can’t find any evidence to suggest that the interview… was a [...]
Panic is once again sweeping through stock exchanges across the world, with the FTSE 100, the Dow Jones and the Asian markets all taking a pounding. Here we look at what it all means to you, and what you can do about it. Pensions The closure of final salary pensions and the shift to ones [...]
Inflation can reduce the spending power of your money but there are ways to reduce its most corrosive effects. With inflation running far ahead of the Bank of England target, most savers are finding that their money is worth less by the day. But there are steps that savers can take to avoid what has [...]
You don’t have to move to Holland, Canada or Chile to improve your pension prospects – there are steps that all consumers can take to boost their retirement income. Here we list five of the best ways. 1. Join your company scheme If your employer invests into the pension on your behalf, make sure you [...]
Apple is the world’s most desirable company, according to a poll of investors. When Barclays Stockbrokers asked its clients which stocks they would hold in their dream international portfolio, the technology giant behind the iPad and iPhone was the most popular choice, with 47pc of respondents choosing the company. Next came BP, picked by 24pc, [...]
Workers are either failing to sign up to company schemes or are not contributing enough. Two-thirds of small companies do not currently provide a pension scheme for their staff, research indicates. Around 96pc of firms employing 250 or less people that do not have a pension scheme said they were put off offering one because [...]
Savers have seen more than £5 billion – the equivalent of £131 each – wiped off the value of their investments this year due to the rising cost of living, figures have disclosed. Interest rates have failed to keep pace with inflation, meaning that people who have tried to save some of their income this [...]
If you can’t quite stretch to a Tiffany diamond or a Mulberry handbag, why not buy the shares instead? We look at the investment case. Handbags from Hermès, Tiffany diamonds and a Cartier watch would be on most of our fantasy Christmas lists. But in these austerity times can you justify such extravagance? It seems [...]