Finance Matters » 2010 http://www.smoothlinking.net/financematters When Finance Matters Tue, 07 Feb 2012 21:59:55 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Bank of Ireland’s losses less than expected http://www.smoothlinking.net/financematters/10057/bank-of-ireland%e2%80%99s-losses-less-than-expected/ http://www.smoothlinking.net/financematters/10057/bank-of-ireland%e2%80%99s-losses-less-than-expected/#comments Thu, 14 Apr 2011 13:57:14 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=25489

The Bank of Ireland has today reported its losses narrowed – surprising analysts. The country’s biggest lender said net losses for 2010 totalled €609 million (£5.44 million) – analysts had expected at least double due to the problems in Ireland’s banking sector. The bank performed well under recent stress tests and its shares were up [...]

]]> http://www.smoothlinking.net/financematters/10057/bank-of-ireland%e2%80%99s-losses-less-than-expected/feed/ 0 Allied Irish Banks unveils losses and job cuts http://www.smoothlinking.net/financematters/9974/allied-irish-banks-unveils-losses-and-job-cuts/ http://www.smoothlinking.net/financematters/9974/allied-irish-banks-unveils-losses-and-job-cuts/#comments Tue, 12 Apr 2011 18:50:22 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=25449 Allied Irish Banks (AIB), which was the fourth Irish bank to be nationalised, has today revealed a loss of €10.16 billion (£9 billion) for the 2010 year, compared with a loss of €2.3 billion the previous year. Meanwhile, the bank also announced it would axe more than 2,000 jobs in 2011 and 2012 in order [...]
]]> http://www.smoothlinking.net/financematters/9974/allied-irish-banks-unveils-losses-and-job-cuts/feed/ 0 Borrowers pay back more of their mortgages http://www.smoothlinking.net/financematters/9598/borrowers-pay-back-more-of-their-mortgages/ http://www.smoothlinking.net/financematters/9598/borrowers-pay-back-more-of-their-mortgages/#comments Mon, 04 Apr 2011 11:27:24 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=25302 Homeowners appear to be taking advantage of low interest rates after Bank of England figures showed borrowers paid a record £24 billion last year. According to the Bank, homeowners paid back more than £24 billion to lenders last year – the highest since records began in 1970. Meanwhile, £7 billion was paid back in the [...]
]]> http://www.smoothlinking.net/financematters/9598/borrowers-pay-back-more-of-their-mortgages/feed/ 0 Northern Rock bad bank returns to profit http://www.smoothlinking.net/financematters/9521/northern-rock-bad-bank-returns-to-profit/ http://www.smoothlinking.net/financematters/9521/northern-rock-bad-bank-returns-to-profit/#comments Fri, 01 Apr 2011 15:20:00 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=25261 Northern Rock Asset Management (NRAM), the so-called bad bank, returned to profit in 2010, it was reported today. The crisis-torn bank, which was the first victim of the credit crunch, said pre-tax profits for the 2010 year were £200.1 million, against a £166.5 million loss in 2009. At the start of 2010, Northern Rock was [...]
]]> http://www.smoothlinking.net/financematters/9521/northern-rock-bad-bank-returns-to-profit/feed/ 0 Co-operative Group reports record 2010 performance http://www.smoothlinking.net/financematters/9413/co-operative-group-reports-record-2010-performance/ http://www.smoothlinking.net/financematters/9413/co-operative-group-reports-record-2010-performance/#comments Wed, 30 Mar 2011 09:05:00 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=25223 Britain’s largest mutually-owned retailer, the Co-operative Group, has today posted “record” results for the 2010 year. The group said underlying operating profits before significant items surged 48% to £545.7 million compared with £367.9 million the year before. Group sales were 10% higher at £13.7 billion. Earnings at the group have been boosted by its acquisition [...]
]]> http://www.smoothlinking.net/financematters/9413/co-operative-group-reports-record-2010-performance/feed/ 0 Card fraud continues to fall http://www.smoothlinking.net/financematters/8592/card-fraud-continues-to-fall-2/ http://www.smoothlinking.net/financematters/8592/card-fraud-continues-to-fall-2/#comments Wed, 09 Mar 2011 10:34:15 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=24855 The UK Cards Association has today revealed that credit and debit card fraud continues to decline. According to the Association, fraud losses on UK credit and debit cards totalled £365.4 million in the 2010 year – a drop of 17% compared with 2009. The figure represented a 10-year low and compares with the record high [...]
]]> http://www.smoothlinking.net/financematters/8592/card-fraud-continues-to-fall-2/feed/ 0 Barclays chief exec to receive £6.5m bonus http://www.smoothlinking.net/financematters/8535/barclays-chief-exec-to-receive-6-5m-bonus/ http://www.smoothlinking.net/financematters/8535/barclays-chief-exec-to-receive-6-5m-bonus/#comments Mon, 07 Mar 2011 11:50:48 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=24815 It has been revealed that Bob Diamond, chief executive of Barclays, will be awarded a bonus of £6.5 million for the 2010 year. While the figure is lower than a reported bonus of £9 million, Mr Diamond, who was appointed chief executive earlier this year, is already paid a £250,000 annual salary. The bonus and [...]
]]> http://www.smoothlinking.net/financematters/8535/barclays-chief-exec-to-receive-6-5m-bonus/feed/ 0 Financial complaints rise in second half http://www.smoothlinking.net/financematters/8237/financial-complaints-rise-in-second-half/ http://www.smoothlinking.net/financematters/8237/financial-complaints-rise-in-second-half/#comments Mon, 28 Feb 2011 10:19:29 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=24671 The Financial Ombudsman Service (FOS) has today said complaints rose in the second half 2010. According to the FOS, it received 97,237 new complaints between 1 July and 31 December – a rise of 15% compared with the first half of 2010. This list only covers those complaints which required mediation. Lloyds Banking Group, which [...]
]]> http://www.smoothlinking.net/financematters/8237/financial-complaints-rise-in-second-half/feed/ 0 Lloyds reports first annual profit since bailout http://www.smoothlinking.net/financematters/8146/lloyds-reports-first-annual-profit-since-bailout/ http://www.smoothlinking.net/financematters/8146/lloyds-reports-first-annual-profit-since-bailout/#comments Fri, 25 Feb 2011 09:32:54 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=24638 Banking giant Lloyds has today reported it has returned to profit – its first since the bank had to be rescued by the Government at the height of the financial crisis in autumn 2008. Lloyds Banking Group, which is 41% owned by the taxpayer, posted pre-tax profits of £2.2 billion, compared with a £6.3 billion [...]
]]> http://www.smoothlinking.net/financematters/8146/lloyds-reports-first-annual-profit-since-bailout/feed/ 0 Lloyds sees rise in complaints http://www.smoothlinking.net/financematters/8097/lloyds-sees-rise-in-complaints/ http://www.smoothlinking.net/financematters/8097/lloyds-sees-rise-in-complaints/#comments Thu, 24 Feb 2011 10:47:05 +0000 Kay Murchie http://www.financemarkets.co.uk/?p=24615 Lloyds Banking Group, which is 43% owned by the taxpayer, has revealed a rise in customer complaints in the second half of 2010. The banking giant, which runs the Halifax and Bank of Scotland, received 329,761 complaints in the six month period – a 14% rise compared with the same period a year earlier. According [...]
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