Loans and Finance

Loans and Finance


News and information about loans, money, debt, finance and business issues.
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Monday, October 21, 2019

The Trade War Continues

I thought Trump said they were ready to do a deal?

Tuesday, October 15, 2019

Mark Carney Displays "Remarkable" Foresight!

Business Committee Sticking The Knife Into Thomas Cook Board

The Board saddled the company with debts that it could not afford.

Monday, October 14, 2019

Happy 50th Brithday To The 50p Piece

Wednesday, October 09, 2019

Hays To Buy All 555 Thomas Cook Stores

ECB Ignores Risk of No Deal Brexit

Thursday, October 03, 2019

Brexit Uncertainty Is Fucking Up The Economy

Monday, September 23, 2019

Thomas Cook Ceases Trading

As per the BBC:
"Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed.

The UK Civil Aviation Authority (CAA) said the tour operator had "ceased trading with immediate effect".

It has also triggered the biggest ever peacetime repatriation, aimed at bringing more than 150,000 British holidaymakers home.

Peter Fankhauser, Thomas Cook's chief executive, said the firm's collapse was a "matter of profound regret".

Commenting as the company entered compulsory liquidation, Mr Fankhauser also apologised to the firm's "millions of customers, and thousands of employees".

The tour operator's failure puts 22,000 jobs at risk worldwide, including 9,000 in the UK."
My sympathies to those who have lost their jobs.

Wednesday, September 18, 2019

Lagarde Wins Vote To head ECB - She Was The Only Candidate

Wednesday, September 11, 2019

Trump Calls For Negative Interest Rates - #Volfefe

Wednesday, August 28, 2019

NatWest Site Down

Friday, August 23, 2019

Eddie Stobart Suspends Shares and Ditches CEO

The BBC reports that Eddie Stobart has suspended trading of its shares and announced that chief executive Alex Laffey will stand down with immediate effect, as the firm looks into an accounting error.

In a statement, the firm said that it also intended to review the group's current dividend policy.

The transport logistics company revealed a £2m discrepancy in its accounts last month.

Sebastien Desreumaux, currently head of iForce, will take over from Mr Laffey.

A review of its statements by new chief financial officer, Anoop Kangits, found that the 2018 adjusted operating profit figure of £55.3m was overstated by about 4%.

Publication of the firm's financial results for the six months to 31 May 2019 has now been delayed to early September.

The firm added that half year profits were likely to be "significantly lower" than suggested in a recent trading update, and that it is "applying a more prudent approach to revenue recognition".

Ironically the company's largest shareholder is troubled fund manager Neil Woodford, who holds a 22.9% stake.

Wednesday, August 21, 2019

A Sunk Cost Is a Sunk Cost - H2S To Be Scrapped?

Monday, August 19, 2019

Thursday, August 15, 2019

We Have Now Entered The Countermeasures Stage of The Trade War