United Kingdom

Debacle, as Setanta Insurance goes into liquidation leaving 75,000 drivers looking for new cover

Nearly 75,000 people may have to go in for new insurance coverage as their insurer Setanta Insurance, has gone into bankruptcy in Malta. All these people who had insurance policies with Setanta have seen their premiums being lost and insurance cover expired.

A decision to dissolve the troubled Setanta insurance was quickly taken after an unexpected general meeting that took place in Malta.

Willie McAteer and Pat Whelan Found Guilty by Jury at Anglo Trial

Two ex- Anglo Irish bank chiefs were been found guilty of permitting to loans to clients just to increase the share price of the bank illegally.

Queen Distributes Maundy Coins at the Blackburn Cathedral

The Queen was joined by the Duke of Edinburgh as she distributed Maundy coins during the traditional annual royal service.

Large increase in new-build housing looks extremely challenging: Taylor Wimpey

It would be extremely hard to meet government's target of building more than 200,000 homes per year without further fundamental reform of planning system, Taylor Wimpey chief executive Pete Redfern said.

Starbucks to pay more tax to British government

Starbucks has said that the shifting of its regional base from Amsterdam to London will mean the company will pay more tax in the UK and less in the Netherlands but it will relatively be neutral on the global level.

Britain may become nation of renters within next generation: Halifax

Britain will likely become a country of renters within the next generation as young people's desire to own a home is showing signs of cooling, according to the Halifax Generation Rent Report 2014.

The just published Halifax report said that homeownership would likely decrease in the future as fewer and fewer young people are making their way onto the property ladder.

RBS welcomes Clifford Chance report

Royal Bank of Scotland (RBS) has welcomed law firm Clifford Chance's report that states that the Edinburgh-based lender didn't deliberately defraud its business customers.

Eurostar issues apology for train delay

Eurostar train service has apologised to thousands of passengers whose Easter travel plans disrupted on Thursday night due to a couple of problems inside the tunnel.

Thousands of passengers were stranded at London's St. Pancras Station, one of Britain's busiest stations, after a man died on a train line in France and a technical glitch.

Co-op reports huge loss of £2.5 billion for 2013

Co-operative Group's interim CEO Richard Pennycook has admitted that 2013 was a 'disastrous' year for the customer-owned group, which has sprawled to include food, medicine, supermarkets, funerals and banking.

Barclays preparing to slash thousands of jobs

London-based Barclays is reportedly preparing to slash thousands of jobs at its investment banking division under a strategic review that aims to cut costs and boost profits.


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