The Cooperative Bank is hoping to make steps towards digging itself out of a deep hole by recruiting Niall Booker as its new chief executive. Niall Booker was chief executive of HSBC‘s North American arm of the business but was axed in 2011 as part of the banks restructuring measures. He is expected to join…

We have all heard the saying “Take care of the pennies and the pounds will take care of themselves”. Poundland are counting on this by dropping prices from their usual 99 pence to 97 pence in 4 stores where rival 99 pence shops have opened. The discount superstore brand has said that it has adopted…

Figures from the Office of National Statistics have demonstrated that British workers are currently producing less GDP per hour of work than their contemporaries in Canada, Germany, Italy, France and the US. Of the G7 nations, only Japan’s workers were producing less GDP per hour. Plenty of people and newspapers have jumped on these figures…

Vince Cable, Business Secretary yesterday issued a call for British bank shareholders to help curb the ‘daredevil’ behaviour of the UK’s ‘casino banks’. The Business Secretary made the call in a speech to the Association of British Insurers, which are one of Britain’s most powerful and influential investor groups. Cable said that the Government could…

Business credit conditions in the UK are still getting worse the Bank of England has warned. Banks are being much more proactive in trying to call in their outstanding debts from UK companies. New loans for companies are much harder to get, and those companies that are managing to get new loans are paying much…

The popular financial advice website moneysavingexpert.com has been sold in a deal worth £87million to the comparison website moneysupermarket.com. The website is owned by Martin Lewis, who is a money saving expert that often appears on television shows and other media to offer financial advice. Moneysavingexpert.com has become a dominant force on the internet and…