New EU rules ban marketing of sugar-rich cereals with bogus health claims

As per the new European Union (EU) rules, there will be a ban on sugar-rich breakfast cereal firms and other manufacturers with regard to marketing their products as health foods, thereby preventin

“Fat blind” Britons unaware of how “big” they have become!

According to a recent research by WeightWatchers, Britons have a so-called "fat blindness" over the state of their health, in spite the explicit fact that, on an average, they are showing an almost one-pound increase in weight every year!

European stocks mark highest closing since early November

European Shares traded higher on Friday and managed their highest close since early November. Investor sentiment was lifted by better-than expected U. S. July existing homes sales. The major gainers were the banking stocks.

The closing of the FTSEurofirst 300 index of top European shares came at 2.3 percent at 966.87 points. It should be noted that index apart from being up about 16 percent for the year, has hiked almost 50 percent since reaching a lifetime low in early March.

Bank of England should review its QE program

The Bank of England has come to the conclusion that the quantitative easing program has showed little signs of improvement as the amount worth £125 billion put so far into the economy came back to bank via investors.

The Bank said the money received from the sale of gilts is being spent on the purchase of bank shares rather than buying other assets. Investors' this step kept the broad money within the banking sector.

Adnams posts pre-tax profit of £882,000 for H1 of 2009

Suffolk-based brewer and pub operator, Adnams has reported a much-improved £1 million turnaround in its fortunes for the first half of the year.

The company registered a pre-tax profit worth £882,000 for the period of six months ended June 30 as compared with a loss of £148,000 for the same period in the previous year.

Turnover soared 6.8 per cent to settle at £23.4 million and operating profit stood at £922,000, up from £142,000 in 2008.

Child trust funds to get additional 250 pounds

Children who become 7-year old next month will be among the first to get a second installment worth £250 into their child trust fund.

An initial payment of £250 is provided to parents of children born on of after Sep. 1, 2002.

The UK government introduced the Child trust funds with an aim of ensuring every child has savings at the age of eighteen.

Child trust funds provide tax free returns on savings and deposits made by parents, family and friends.