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....UK household borrowings were high by past standards and had begun to rise in relation to incomes, the FPC said. Consumer credit – the single largest slice of UK banks’ balance sheets – has been growing rapidly, by more than 10% year-on-year, initially driven by car finance, the Bank warned. ... [Read full article on Guardian ]
Monday 27th of March 2017 09:26:41 AM
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.... Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes the John Lewis departments store chain, said the bonus had been cut to strengthen its balance sheet amid structural changes in the retail sector and rising costs linked to the devaluation of sterling since the Brexit vote. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 12:53:42 PM
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.... Freezing the 2016 dividend and the cut to future payouts is a major blow to Fallon and senior management. The company is also selling its 47% stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. ... [Read full article on Guardian ]
Friday 24th of March 2017 03:30:57 PM
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.... It nearly collapsed in 2013 when a £1. 5bn black hole was discovered in its balance sheet, but was eventually bailed out through a deal with hedge funds. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:02:24 AM
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Latest Finance News related to Balance Sheet

UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
....UK household borrowings were high by past standards and had begun to rise in relation to incomes, the FPC said. Consumer credit – the single largest slice of UK banks’ balance sheets – has been growing rapidly, by more than 10% year-on-year, initially driven by car finance, the Bank warned. ...
Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
.... Freezing the 2016 dividend and the cut to future payouts is a major blow to Fallon and senior management. The company is also selling its 47% stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. ...
Waitrose axes free coffee for shoppers – unless they buy something first image
.... Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes the John Lewis departments store chain, said the bonus had been cut to strengthen its balance sheet amid structural changes in the retail sector and rising costs linked to the devaluation of sterling since the Brexit vote. ...
E.On clears up the past with €16bn full-year loss image
Source : BBC [Read Article] Wednesday 15th of March 2017 08:16:40 AM
....On has now fully accounted for the impact of its new strategy. Its balance sheet for the 2016 financial year will be the last to reflect the burdens of the past. ...
Shell sells oil sands assets as boss warns on clean energy challenge image
Source : Guardian [Read Article] Friday 10th of March 2017 01:18:53 AM
....Analysts welcomed the deal, under which Shell has agreed to sell its existing and undeveloped Canadian oil sands prospect to Canadian Natural Resources and to cut its share in the Athabasca Oil Sands Project (AOSP) to 10% from 60%. “This significant divestment should help de-gear Shell’s balance sheet over 2017 and help remove concerns around the dividend,” said Biraj Borkhataria, an analyst at RBC Capital Markets. ...
John Lewis slashes staff bonus to 6% – the lowest in 63 years image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:28:42 AM
....John Lewis has slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes department stores and the Waitrose supermarket chain, said the bonus was the equivalent of three weeks’ pay and had been cut to retain profits and strengthen its balance sheet. ...
Budget 2017: £2bn for social care and tax rise for self-employed image
Just one in five complaints about potential mis-sold PPI  made so far image
Source : Guardian [Read Article] Thursday 2nd of March 2017 05:36:47 PM
.... He said that in more than half of all cases in the last 12 months where a PPI claim had been rejected by a bank but then taken to the independent ombudsman, the rejection is overturned. “Until we can trust banks to deal with complaints fairly in the first instance, this move to protect their balance sheets should not happen. ...
PPI claims deadline is announced image
Source : BBC [Read Article] Thursday 2nd of March 2017 07:21:58 AM
.... . "Until we can trust banks to deal with complaints fairly in the first instance, this move to protect their balance sheets should not happen. ...
Green Investment Bank: rival bidder launches legal challenge to sale image
Source : Guardian [Read Article] Wednesday 1st of March 2017 07:01:01 AM
....Rebecca Long-Bailey, shadow secretary of state for business, energy and industrial strategy, said: “This deal has been opaque from the outset to say the least and it appears that the government has hidden behind the principle of commercial confidentiality at every turn, thus, shielding much of the deal from adequate parliamentary scrutiny. “It appears that their fixation with getting the GIB off the government’s balance sheet despite expected returns to the taxpayer, has ridden roughshod over all concerns for its ongoing green mission. ...
Education publisher Pearson reports biggest loss in its history image
Source : Guardian [Read Article] Friday 24th of February 2017 08:17:21 AM
....In January, the company slashed its profit forecast for this year by £180m and scrapped its target of £800m for next year. It also announced that it planned to sell its stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
....But there are actions Unilever could take without trampling on its heritage. Bernstein analyst Andrew Wood set out five this week: sell the perennially underperforming Flora spreads business; demand higher profit margins; be tighter on capital expenditure; use the strong balance sheet to buy more small businesses or to return cash to shareholders; communicate with investors better. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... It provoked a vast bailout, and the recovery that followed has been one of the most anaemic sort, during which the wages of average Americans have scarcely grown. The hangover of debt and legacy of banks trying to rebuild their shattered balance sheets has held the economy back. ...
Bank of England sharply raises UK growth forecast image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:46:31 PM
....But Kallum Pickering, economist at the bank Berenberg, said the Bank was at risk of falling behind events if it stuck with its very loose policy position for too long. “At close to full employment and with stable expected growth, with its large balance sheet and negative real rate policy, the BoE is at risk of engendering a return to high indebtedness, inadequate saving and ultimately a return to boom-bust,” he said. ...
Brad Stone: ‘We should watch Uber and Airbnb closely’ image
Source : Guardian [Read Article] Sunday 29th of January 2017 08:00:18 AM
.... But the rules of competition in China will always favour the local champion and Didi, it turned out, had the same access to capital as Uber. By stepping away from the fight, Uber not only saved its balance sheet from more destruction but negotiated an impressive 17% stake in its rival. ...
What if Uber kills off public transport rather than cars? image
Source : Guardian [Read Article] Friday 13th of January 2017 05:00:08 AM
.... The Boston Consulting Group predicts a shared AV carrying three people could cost operators less on a per-mile basis than rail. Passengers at the edge of the network would presumably be the first to defect for convenience, triggering shocks throughout the balance sheet. ...
Foxtons profits PLUNGE amid fears of a London property crash image
Source : Daily Express [Read Article] Wednesday 11th of January 2017 12:08:00 PM
....In the final quarter of last year, lettings revenues held up better, coming in flat at around £13m amid high levels of renewals. Mr Budden said: "Our balanced business model provides resilience against sales market cycles and we have a strong balance sheet with no debt. ...
Final salary pension deficit of biggest listed firms in UK 'hits £137bn' image
Source : Guardian [Read Article] Wednesday 4th of January 2017 05:32:53 PM
....Strong investment returns and company pension contributions were offset by the market turmoilafter both the Brexit vote and Donald Trump’s surprise US election victory, which had a big impact on bond yields. Overall, corporate bond yields fell by more than 100 basis points during 2016, increasing liabilities on companies’ balance sheets, said Mercer. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
....John McDonnell, the shadow chancellor, has accused Philip Hammond of failing to cancel a “tax giveaway” by his predecessor to Britain’s biggest banks, worth more than £1bn this year. In his summer budget after the 2015 general election, the then chancellor George Osborne announced deep cuts to the bank levy, which was introduced after the financial crisis and charged according to the size of banks’ balance sheets. ...
UK firms' finance bosses say uncertainty is 'new normal' image
Source : BBC [Read Article] Thursday 29th of December 2016 12:10:57 AM
....Despite the rebound in business confidence, most finance bosses expect more economic and financial uncertainty following Brexit. Nearly half of those surveyed plan to cut spending and take defensive measures to protect their balance sheets and build up cash over the next year. ...
Banking standards: treacherous political waters lie ahead image
Source : Guardian [Read Article] Wednesday 28th of December 2016 09:21:01 AM
.... After all, EU banks lend more to higher-rated, large companies, which access US capital markets, rather than borrowing from banks. They also hold more low-risk mortgages on their balance sheets, in the absence of a European equivalent of Fannie Mae and Freddie Mac, America’s two quasi-public mortgage banks, which hoovered up securitised US mortgages. ...
Italian cabinet gives green light to Monte dei Paschi di Siena bailout image
Source : Guardian [Read Article] Thursday 22nd of December 2016 02:09:24 PM
....Analysts at Barclays said any state intervention for MPS may not be enough to solve the problem facing the banking system, which has amassed bad lending at a time when the economy has been stagnating. They said the six largest banks could need €30bn to clean up their balance sheets and even if the €20bn “were to represent sufficient firepower to plug the hole, we doubt the decision to deal with MPS through a public sector solution will represent a template to be unrolled across the system quickly”. ...
Italy to bail out Monte dei Paschi di Siena bank with €20bn rescue fund image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:14:28 PM
....Piercarlo Padoan, the finance minister, told parliament that the government’s proposed €20bn bailout would have a minimal impact on savers, in comments that sought to assuage the concerns of retail investors. Padoan said: “This measure reinforces the ability of the Italian system to grow and consolidate itself and this growth will be a further element that helps banks’ balance sheets. ...
Lloyds's MBNA deal: good for the bank, bad for competition | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
.... The bank hadn’t made an acquisition since the miserable crisis-era grab of HBOS, the deal that came with a state-sponsored bailout. Now its board can buy assets again, rather than obsess about detoxifying the balance sheet. ...
What the US economy doesn't need from Donald Trump | Joseph Stiglitz image
Source : Guardian [Read Article] Monday 19th of December 2016 11:19:56 AM
.... It is an open invitation for a shakedown of the government by corporate executives seeking handouts. Similarly, the increase in infrastructure spending is likely to be accomplished through tax credits, which will help hedge funds, but not America’s balance sheet: such programmes’ long track record shows that they deliver little value for money. ...
Italian government to request bank bailout funds from parliament image
Source : Guardian [Read Article] Monday 19th of December 2016 09:53:40 AM
....5% on Monday as it launched a share offering to institutional and retail investors. This measure runs alongside a plan to ask bondholders to swap their investments for shares, and a restructuring of €28bn of bad loans to clean up its balance sheet. ...
Savers are slowly choking off the life of the world economy image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
....Privatisations brought in cash to make up some of the gap, but that hasn’t been enough. Successive governments have funded capital projects off the balance sheet through vehicles like the private finance initiative, which were another way for investors to extract an income. ...
James Packer retreats from China with sell-off of Crown's overseas casinos image
Source : Guardian [Read Article] Thursday 15th of December 2016 05:58:11 AM
....“This is all about risk management,” said Theo Maas, at Sydney-based Arnhem Investment Management. “You’re now looking at a much more predictable business with a much stronger balance sheet. ...
Scottish auditors to investigate £9bn private finance bill image
Source : Guardian [Read Article] Wednesday 14th of December 2016 07:00:19 AM
.... Scottish ministers now admit a fifth scheme, to build a new hospital on Orkney for £67m, needs to be added to that. Because these projects must now go on the Scottish government balance sheet, ministers have less room to finance other infrastructure schemes. ...
Italian banking crisis: UniCredit to raise €13bn image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:11:03 AM
.... Mustier said the Brexit vote was “a huge opportunity” for continental banks, which are untroubled by the prospect of Europe’s financial centre leaving the EU. Benjie Creelan-Sandford, equity analyst at brokers Jefferies, said: “The upfront bill of €13bn is clearly large but as we have highlighted previously we think an aggressive balance sheet clean-up paves the way for a more substantial re-rating. ...
UniCredit shares soar on plan to raise billions image
Source : BBC [Read Article] Tuesday 13th of December 2016 07:33:10 AM
.... . The bank plans to use the record rights issue to help remove almost €18bn of bad debt from its balance sheet and boost profitability. ...
Fossil fuel divestment funds double to $5tn in a year image
Source : Guardian [Read Article] Monday 12th of December 2016 04:00:31 PM
.... Bill Gates called fossil fuel divestment a “false solution” in 2015, although the $40bn Bill and Melinda Gates Foundation has now sold off 85% of its fossil fuel investments. Saudi Arabia’s oil minister, Ali Al-Naimi, also criticised divestment as “misguided” but said it could not be ignored, while Bill McNabb, chief executive of the investment giant Vanguard, said divestment had no impact on company balance sheets and threw away the opportunity to influence the company as a share owner. ...
Capita shares dive to 10-year low after profit warning image
Source : Guardian [Read Article] Thursday 8th of December 2016 11:20:33 AM
.... Fifteen months ago they were changing hands at 1046p and the shares are the FTSE 100’s biggest loser this year. The company – which provides services ranging from electronic tagging for offenders to store card services for retailers – said it would sell assets and trim costs to protect its balance sheet after Brexit-related client indecision prompted it to cut its profit forecast for the second time in three months. ...
RBS settles three claims over 2008 fund raising image
Source : BBC [Read Article] Monday 5th of December 2016 08:05:53 AM
....Last week, stress tests run by the Bank of England found that RBS was the worst prepared of the UK's biggest lenders to cope with another financial crisis. The results forced RBS to devise plans to bolster its balance sheet by £2bn through cost cuts and shedding assets. ...
It's too late for hand-wringing – globalisation is already dead image
Source : Guardian [Read Article] Friday 2nd of December 2016 03:18:19 PM
.... Restrictive trade measures have outstripped liberalising measures three to one this year and increased by almost five times since 2009, as policymakers try to circumvent the WTO. Meanwhile, the deleveraging of banking balance sheets over recent years has hit global lending, as banks retreat from peripheral to core domestic activities, cutting vital credit flows through key arteries. ...
RBS biggest failure in bank stress test image
Source : BBC [Read Article] Wednesday 30th of November 2016 07:40:07 AM
....RBS is the worst prepared of the UK's biggest lenders to cope with another financial crisis, Bank of England (BoE) stress tests have found. The results forced RBS to devise plans to bolster its balance sheet by £2bn through cost cuts and shedding assets. ...
Crisis prevention image
Source : BBC [Read Article] Friday 25th of November 2016 10:00:46 PM
...."So would you try to do this just in the United States; or do you try to get all international banks to take part, too? . "Presumably also it would be harder to get a business loan, harder to get a mortgage, or to get a corporate or municipal balance sheet underwritten - which means there would be a broad economic impact. ...
Royal Mail shareholders unhappy as shares fall seven per cent in first-half results image
....Progress on cost-cutting is being delivered, if slowly. The group isn’t heavily indebted and the balance sheet is underpinned by a substantial London property portfolio. ...
Volkswagen to axe 30,000 jobs worldwide image
Source : Guardian [Read Article] Friday 18th of November 2016 11:32:17 AM
.... Toyota employs roughly 350,000 people while GM has 200,000. Analysts said the cuts helped VW to rethink its strategy as well as shore up its balance sheet. ...
FTSE 100 climbs as retail sales beat forecasts and Anglo American rises image
Source : Guardian [Read Article] Thursday 17th of November 2016 09:57:36 AM
.... Credit Suisse said:. With the strong recovery in coal prices and balance sheet metrics it seems increasingly likely that the divestment plan outlined earlier this year will be watered down and executed at a much slower pace. ...
With Tesco offering a 3% current account, every little really does help image
Source : Guardian [Read Article] Saturday 5th of November 2016 06:59:40 AM
....98% – its lowest-ever rate. Jonathan Harris at mortgage broker Anderson Harris says: “With lenders continuing to cut mortgage rates in order to boost their balance sheets before the end of the year, there are lots of attractive deals on the market for borrowers. ...
ECB to discuss future of bond buying scheme in December image
Source : BBC [Read Article] Thursday 20th of October 2016 02:09:04 PM
....". Commenting on the European economy, Mr Draghi said: "The economic recovery in the euro area is expected to be dampened by still subdued foreign demand, the necessary balance sheet adjustments in a number of sectors and sluggish pace of implementation of structural reforms. ...
Under pressure image
Source : BBC [Read Article] Thursday 29th of September 2016 10:58:59 PM
....But although the German giant is in dire straits, its demise is anything but inevitable. For one, there are now regulatory regimes in place, which mean that various bondholders and large depositors would suffer a haircut to help shore up the bank's balance sheets. ...
Refocus housebuilding on towns and villages to solve crisis – report image
Source : Guardian [Read Article] Tuesday 27th of September 2016 06:00:18 AM
.... Some 70% of homes planned and built over the same time period are in district and unitary councils. HFI chief executive, Natalie Elphicke, said energetic local councils that were working hard to build houses without the help of comfortable cash flow or big balance sheets should be rewarded. ...
Bank of England's Minouche Shafik leaves to run the LSE image
Source : BBC [Read Article] Monday 12th of September 2016 10:38:49 AM
...."She helped drive vital reforms on the domestic and international stages, perhaps most prominently in the successful completion of the Fair and Effective Markets Review, which she co-chaired," he said. "She has overseen a transformation in how we manage our balance sheet and is modernising our high-value payments system. ...
Five-minute guide to… Investing in gold  image
Source : Daily Express [Read Article] Sunday 11th of September 2016 12:01:00 AM
....He recommends investing in the metal by buying FTSE-listed gold mining stock Randgold Resources. “This is one of the best-managed and highest quality companies in the sector with low production costs, a strong balance sheet and dividend potential. ...
Glencore steps up debt reduction plan image
Source : BBC [Read Article] Wednesday 24th of August 2016 07:49:46 AM
....5bn) by the end of this year. The attempt to further improve the company's balance sheet comes as it reported a 66% drop in first-half profit to $300m. ...
Data to show health of Scottish economy image
Source : BBC [Read Article] Tuesday 23rd of August 2016 11:21:15 PM
....The figures included will cover the financial year 2015-16. They are likely to show the Scottish balance sheet still clearly in the red, even including a share of oil. ...
ONS data shows UK wealth wedded to property image
Source : Guardian [Read Article] Thursday 18th of August 2016 04:19:44 PM
.... So while private pension funds have accumulated billions of pounds in assets, these are weighed down by the demands on them from current and future pensioners, more than cancelling them out. The state balance sheet makes up another slice of the UK’s assets and in 1995, central government could boast that its assets and liabilities were in balance, but the growing cost of pensioner benefits and the financial crash have thrown red ink all this benign picture and created a £1. ...

Jeremy Corbyn urges Conservative voters to 'think again' over his leadership in Telegraph comment piece 
 image
.... . Writing exclusively for The Sunday Telegraph, the Labour leader warns that the elderly have become “nothing more than an entry on a balance sheet” due to spending cuts under the Conservatives. ...

You don't need to settle for the future the Tories are creating
 image
Source : Telegraph [Read Article] Saturday 6th of August 2016 08:30:00 PM
....The overwhelming case for publicly run, publicly owned rail and NHS applies to so many parts of our public services. I don’t want a social care system where the elderly and disabled are nothing more than an entry on a balance sheet – amounting to some of our most vulnerable sold off in units of time. ...
RBS performs poorly in stress tests image
Source : BBC [Read Article] Friday 29th of July 2016 08:28:27 PM
....Under the test conditions, RBS was left with a capital buffer of just over 8%. Ewen Stevenson, RBS chief financial officer, said: "The EBA stress test results demonstrate our continued progress towards transforming the balance sheet to being safe and sustainable. ...
Anglo Irish Bank: Former executives jailed over fraud image
Source : BBC [Read Article] Friday 29th of July 2016 10:22:20 AM
.... . The transactions were accounted for on Anglo's end-of-year balance sheet as customer deposits rather than an inter-bank loan. ...
Young people got short end of the political stick | Mohamed El-Erian image
Source : Guardian [Read Article] Monday 18th of July 2016 10:06:41 AM
.... In the process, we overburdened central banks, risking their credibility and political autonomy, as well as future financial stability. Emerging from the crisis, we shifted private liabilities from banks’ balance sheets to taxpayers, including future ones, yet we failed to fix fully the bailed-out financial sector. ...
Carney defends private Osborne Brexit meetings image
Source : BBC [Read Article] Tuesday 12th of July 2016 12:00:42 PM
.... . Mr Carney was also asked about the Bank's decision after the referendum to reduce the "counter-cyclical capital buffer" held on banks' balance sheets. ...
Italy economy: IMF says country has 'two lost decades' of growth image
....The IMF said any recovery in the Italian economy was likely to be "fragile and prolonged", adding that the authorities faced a "monumental challenge". "The recovery needs to be strengthened to reduce high unemployment faster and buffers need to be built, including by repairing strained bank balance sheets and decisively lowering the very high public debt. ...
UK firms say it's business as usual but Branson warns on recession image
Source : Guardian [Read Article] Tuesday 28th of June 2016 07:24:57 AM
....The company said it had been planning for a 50-50 probability of a vote for the UK to leave, and had removed risks from its portfolios, for example by reducing its exposure to European banks’ subordinated debt. As a result, its balance sheet had “demonstrated its resilience to market volatility”. ...
Regulator to investigate accountants  over BHS and HBOS failures image
Source : Guardian [Read Article] Monday 27th of June 2016 09:56:16 AM
....HBOS was among the first British casualties of the UK banking crisis and was bought by Lloyds for £12bn in September 2008 to prevent it from collapse. The government eventually had to spend £12bn on bailing out Lloyds, partly because of toxic loans on the HBOS balance sheet that it acquired in the deal. ...
Easyjet and Foxtons warn of Brexit impact image
Source : BBC [Read Article] Monday 27th of June 2016 08:48:26 AM
....Insurance company Aviva also issued a statement as it sought to reassure investors about its financial position. The company said it had "one of the strongest and most resilient balance sheets in the UK insurance sector with low sensitivity to market stress", and added that Brexit would have no significant operational impact. ...
Why IMF global financial stability report should be taken with pinch of salt image
.... It is surely true that the buildup of debt in China calls for close monitoring, and that corporate deleveraging, which is urgently required, “should be accompanied by a strengthening of banks and social safety nets, especially for displaced workers in overcapacity sectors”. There is no reason why that cannot be achieved – the overall balance sheet of China Inc remains strong – but the domestic distributional consequences will require careful management. ...
Sir Philip Green's grilling by MPs: the 11 key questions image
Source : Guardian [Read Article] Tuesday 14th of June 2016 06:00:02 AM
.... Chappell claims that Green promised to ensure that BHS had the major credit insurers. However, it lost credit insurance, which put major pressure on the company’s balance sheet. ...
The six key questions that MPs must ask Sir Philip Green image
Source : Guardian [Read Article] Wednesday 8th of June 2016 08:18:24 PM
.... Retailers without credit insurance have to pay funds up front to suppliers, which is a heavy burden. Chappell claims that Green promised to ensure that BHS had the credit insurers onside but it lost credit insurance, which put major pressure on the company’s balance sheet. ...
The 10 questions Dominic Chappell must answer over the BHS collapse image
Source : Guardian [Read Article] Saturday 4th of June 2016 03:00:13 PM
.... MPs need to get to the bottom of the current state of the relationship between Sutton and Chappell, and this question is key to understanding whether the fraudster was in any way connected to Retail Acquisitions. Did you ever use your work at Olivia Petroleum – or the balance sheet of Olivia Investments – as a way of enhancing your credentials with BHS, your advisers or potential funders?Chappell has said Olivia Investments, his family’s holding company in Gibraltar, enjoyed a £5m “bonanza” that helped him to fund the rescue deal of BHS and demonstrated his track record as a businessman. ...
Airline industry profits expected to increase by 12% in 2016 image
Source : Guardian [Read Article] Thursday 2nd of June 2016 03:02:02 PM
....”. Tyler said many airlines would still need years of profits to pay down debt and fix balance sheets, but things were now looking up after years of precarious finances, exacerbated by the 2008 financial crash. ...
BHS ex-owner blames Philip Green for retail firm's collapse image
Source : Guardian [Read Article] Tuesday 31st of May 2016 07:22:39 PM
....”. Out of more than £60m of cash left on the balance sheet by Green, the Topshop owner who sold BHS for £1 to Chappell’s Retail Acquisitions just over a year ago, Chappell said he had been forced to pay out more than £20m as upfront guarantees to keep key suppliers on board. ...
Eurozone RUPTURE: Now SPAIN threatens to tear EU apart as banks LOSE €1.4BILLION in a day image
. Banco Popular, one of the Spain's leading financial firms, caused mayhem after admitting that it needed billions to bolster its balance sheet. ...
The case against negative interest rates image
Source : Guardian [Read Article] Wednesday 25th of May 2016 09:05:55 AM
.... The state must be involved. Whether the capital spending appears on the books of the central government or on the balance sheet of an independent investment bank (as I would prefer) is secondary. ...
UK Asset Resolution deal triggers bonuses for 2,000 employees image
Source : Guardian [Read Article] Tuesday 24th of May 2016 03:00:00 PM
....In the budget, George Osborne had said that about another £16bn of B&B mortgages would be sold off and Banks’s replacement as chief executive, the current finance director, Ian Hares, said this was expected to take place by 2018. UKAR’s aim is to reduce the size of its balance sheet – which is now £72. ...
Jeremy Corbyn calls for new economics to tackle 'grotesque inequality' image
....McDonnell said the party must aspire to be another great reforming government when it returned to power. “The last Labour government relied too heavily on tax revenues from financial services, and too heavily on off-balance sheet spending through the private finance initiative,” he said. ...
Moss Bros lifted by positive update image
Source : Guardian [Read Article] Friday 20th of May 2016 10:48:14 AM
.... First, earnings, which after doubling in the last three years, are forecast to grow by between 15% and 20% per annum. Second, the company has a strong balance sheet with cash reported at £17m at January 2016 (18% of the market capitalisation). ...

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