Archive for September 1st, 2010
Cable & Wireless Worldwide, TUI Travel up on sale rumors
European equities markets saw significant gains Wednesday as investors ignored disappointing news in the region in favor of better news from around the world as purchasing managers indexes in the US and China were higher in August. In the US, the Institute for Supply Management said its manufacturing index was at 56.3 in August, up [...]
Soaring bad debt hits credit card lenders
UK banks are facing mounting losses from credit card customers, with figures from the Bank of England showing write-offs rising to £2.1 billion in the three months to the end of June, up from £1.3 billion in previous quarter. According to a BBC report, the 2010 total for bad credit card debt now looks set [...]