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Breaking News: UK recession less deep than feared

August 24, 2012

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  It has just been announced by the ONS that the UK is not as deep into recession as initially thought. The figures released by the Office for National Statistics report that the economy contracted 0.5% rather than the 0.7% previously announced. The increase in figures as come from the construction sector which has weathered [...]

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Got a Degree? Leave it off your CV!

July 27, 2012

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  Amazingly, this is the advice given to Scottish graduates by Jobcentres. A survey by Citizens Advice Scotland (CAS) found that Jobcentre staff were encouraging new graduates to leave their qualifications off CVs. The idea behind this was to enable them to get low paid, unskilled employment more easily, known as ‘survival’ jobs. There has [...]

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UK GDP slumps 0.7%

July 25, 2012

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  Throw a dart at any European country the a map and you’ll find economic struggle it seems; we’re no different. On Wednesday, the official report from the Office for National Statistics (ONS) will confirm that we’re experiencing the worst double dip recession for 50 years. Not only that, but the figures are worse than [...]

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£9.4 billion railway infrastructure investment announced

July 16, 2012

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  The UK government has this morning announced a major new railway infrastructure investment package. The total investment has been quoted as £9.4 billion; £5.2 billion is earmarked for the completion of current projects such as the London and South East Cross rail scheme and the improvements to the Thameslink routes. The other £4.2 billion [...]

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Man U Seeks NYSE Listing

July 4, 2012

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Man U Seeks NYSE Listing

  Manchester United F.C. has applied to join the New York Stock Exchange, seeking a share sale of $100m (£64m). The decision comes nearly a year after its plan to raise $1bn on the Singapore stock market, which was approved and later put on hold due to overall market instability. Source: google.com via Stuart on [...]

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Royal Mail launches “Simple ways to grow” initiative

June 26, 2012

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  It’s a tough time for small businesses. It’s a struggle for them to obtain financing and once they’ve found that it’s a tough market to survive in. So it’s great to see a big organisation like Royal Mail launch an initiative to support smaller businesses. So what is “Simple ways to grow”? Well as [...]

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The financial implications of the Olympics

June 22, 2012

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A 3D bar chart

  Debates over the costs and potential benefits of bringing the Olympics to the UK have been raging since the International Olympic Committee first made the decision back in 2005. The eyes of the world will always be on any city chosen to host the Olympic Games – but both critics and supporters of the [...]

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Adidas shackle trainers shelved after a storm of Facebook criticism

June 21, 2012

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The Adidas JS Roundhouse Mid trainers

  As global sponsors of Euro 2012 Adidas is in the midst of a major international marketing push. The sportswear giant has invested a lot of time and money into the tournament: they supply the official match balls, kits to many of the countries, uniforms to the match officials etc. Unfortunately, during this key period [...]

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Greeks vote for bailout, stocks fall anyway

June 19, 2012

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  Despite  a win by the pro-bailout ‘New Democracy’ party in the Greek legislative election, European banking stocks have plummeted. Banks across Europe, including Commerzbank (down 3.6%), Deutsche Bank (down 1%), BNP (down 3.3%), Royal Bank of Scotland (down 4.4%), and Credit Agricole (down 2.9%), saw their shares fall in the aftermath of the historic [...]

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Locked out of home ownership

June 13, 2012

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  Millions of young Britons may never be able to afford to buy a house. The deposits needed to get on the first rung of the housing ladder are rising beyond the grasps of millions. Does this matter? Getting onto the housing ladder has long been seen as a financial priority. The costs of deposits, [...]

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