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West Midlands academy to fight business fraud
Professional Services
A new fraud academy has been set up in the West Midlands to help safeguard businesses from economic crime.
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RBS warning over lending targets
Banking & Finance
Part-nationalised Royal Bank of Scotland today said it could struggle to meet business lending goals this year as worried firms look to clear debts.
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Midlands backs Bank鈥檚 decision to pump extra 拢50bn into economy
Banking & Finance
The Bank of England鈥檚 surprise decision yesterday to pump another 拢50 billion of 鈥減rinted鈥 money into the economy, on top of 拢125 billion already deployed, was widely welcomed in the West Midlands yesterday.
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More Than insurer puts up rates by nine per cent
Banking & Finance
More Than insurer RSA has raised 海角视频 insurance rates by up to nine per cent to combat the effects of recession on its markets.
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Aviva marks return to profit with a dividend cut
Banking & Finance
Aviva marked a return to profit in the first half of this year with a dividend cut, reversing a policy which maintained its total dividend for the loss-making year of 2008.
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Opportunities to be had in investment, but beware
Banking & Finance
T here is talk now of a V-shaped recovery.聽Or should that be a W?聽 Or an L?聽 Or the shape of a bath where things are flat for a long period?
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Recession means wills may need to be updated
Banking & Finance
Wills may need to be re-drafted in the wake of the credit crunch and recession, according to a solicitor.
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Message on long-term health care - plan ahead
Banking & Finance
Anyone faced with funding long-term health care should look beyond equity release schemes or selling their homes.
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Lloyds counts the cost of toxic debts
Banking & Finance
Lloyds Banking Group has paid the price for its investment in troubled lender HBOS after seeing bad debt charges balloon to 拢13.4 billion.
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Insurance giant Axa to cut 350 jobs
Banking & Finance
Jobs are under threat at Axa鈥檚 office in Coventry after the company announced a 拢150 million cost-cutting exercise.
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Barclays Bank staff plan 'Hands Off Our Pensions' protest
Banking & Finance
Barclays workers will lobby a meeting of shareholders today in protest over the bank鈥檚 decision to close its final salary pension scheme.
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Heavy losses for Allied Irish Banks
Banking & Finance
The 海角视频 business banking operations of Allied Irish Banks remained in the black in the half year to June despite the Dublin-based parent company reporting a pretax loss of 拢738 million.
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FTSE 100 pension schemes take a big hit in the recession
Banking & Finance
Cadbury is one of just three FTSE 100-listed companies still offering final salary pensions to new employees, according to a report.
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Standard Life reports slump in profits
Banking & Finance
Reduced pensions savings and market turbulence dented Standard Life鈥檚 海角视频 business in the first half of the year.
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Lloyds Banking Group reports 拢4bn half-year loss
Banking & Finance
Part-nationalised lender Lloyds Banking Group today said it made a 拢4 billion half-year loss as HBOS鈥檚 reckless lending took its toll.
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Bank of England urged to pump final 拢25bn into economy
Banking & Finance
West Midlands business leaders universally expect the Bank of England to keep interest rates at their record low, but many want to see more money ploughed into the economy.
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Bank of England reports record lending slump
Banking & Finance
Fresh evidence of the credit squeeze on business has emerged after figures showed lending tumbled by a record 拢14.7 billion between April and June.
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L&G upbeat despite huge dip in half-year profits
Banking & Finance
Legal & General鈥檚 half-time profit was almost wiped out by 拢351 million of 鈥渘egative investment variances鈥 in a 拢20 billion bond portfolio, which supports annuities whereby it has to pay life-time incomes to pensioners.
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Northern Rock losses jump to 拢724.2 million
Banking & Finance
Nationalised lender Northern Rock has announced a 24 per cent jump in half-year losses and warned rising unemployment could pile further pressure on its mortgage book.
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Price-cutting leads to fall in food price inflation
Banking & Finance
Stiff competition between retailers and sharp falls in commodity costs eased food price inflation to its lowest level for more than a year-and-a-half last month.
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Landlords warned over drug-dealing tenants and cannabis factories
Professional Services
Cannabis factories are the new scourge of suburbia as criminals seek more inventive ways of making money through drug production.
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Accountancy becoming 'closed shop' for rich, says Reynolds and Co
Banking & Finance
Midlands accountancy firms have been urged to look beyond degree qualifications after a government report revealed that the profession is becoming a 鈥渃losed shop鈥 for the rich.
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Garbett and Lowis are newest partners at Hammonds
Professional Services
Birmingham law firm Hammonds has added some pep to its dispute resolution and corporate teams by appointing two new partners at its Birmingham office.
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Beware of schemes to get around new tax rate, footballers warned
Banking & Finance
Top footballers have been warned to beware of clever wheezes aimed at getting around the new 50 per cent income tax rate, due to operate from April next year for those earning more than 拢150,000 per annum.
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