Finance news


Leader: Mortgage market shake-up should be welcomed

The mortgage market has long been overdue a shake-up. As a nation, we were led up the garden path by bankers who faked kindness and led us to the brink of bankruptcy.


Off to university? Quiz our tuition fees experts first

Post your advance questions for a live Q+A session on university tuition fees on Thursday 26th May.


Property auctions have many advantages for buyers

Property auctions have become increasingly popular with both buyers and sellers – Charles Robinson offers his top tips on what to expect if you’re bidding at one.


Bills double whammy for families

Shropshire families were hit with a financial double whammy today as the price of water and fuel both increased.


Debt help demand rises

Demand for help with mortgage arrears and energy bills is growing, Citizens Advice reports.


Consumers ‘pay too much for PPI’

The lack of competition in the retail payment protection insurance (PPI) market is resulting in higher prices for consumers, the Competition Commission has found.


Treasury team fly to Iceland

A Treasury delegation has landed in Iceland – with the aim of retrieving the £20 billion of assets held by UK savers, councils, charities and businesses.


IMF urges global solution to crisis

Countries must work together to tackle the most dangerous financial crisis the world has seen since the 1930s, the International Monetary Fund (IMF) said.


Darling and Brown: World will never be the same again

Alistair Darling has warned international finance will never be the same again, while Gordon Brown has called on every bank in the world to increase its capital ratio.


Havoc on markets as crisis intensifies

The financial crisis deepened on Friday as panic returned to world markets despite coordinated action to restore confidence.


FTSE 100 dives on global stock market falls

The FTSE 100 plunged ten per cent shortly after opening after the US stock market hit a new five-year low yesterday.


Consumer debt jumps £800m

Debt levels have soared by almost £800 million compared to last year while savings are down by over £4 billion, research has shown.


FTSE 100 ends higher

The FTSE 100 ended 1.21 per cent higher than last night after afternoon falls, to finish at 4,419.50.


Darling files to America

Alistair Darling has flown to America to meet with finance chiefs to help broker a international move on tackling the global credit crisis.


Iceland PM: Crisis will be painful

The prime minister of Iceland has warned the country's banking crisis will be painful.


Japan orders new economic package

Japan declined to join central banks across the world in cutting interest rates yesterday but has ordered an additional economic package as the financial crisis deepens.


Councils seek protection for Iceland deposits

Councils have millions of pounds in nationalised Icelandic banks with no guarantee of retrieving the cash.


House prices decline at record rate

House prices have fallen by a record 13.3 per cent in the last year, an influential index reported on Thursday.


FTSE 100 surges on banking and commodities

The FTSE 100 opened higher this morning and has continued to climb on a rally in banking stocks.


UK business in staff level lockdown

Most UK companies are keeping staffing levels as they are as the nation drops into recession, but they are not hiring.


Bailout ‘should save mortgage market’

The government's £500 billion bailout package should help the mortgage market recover stability.


Oldest and poorest ‘suffer most’ under Labour

The oldest and poorest UK pensioners are suffering from inflation rates double that of non-pensioners, it was claimed on Thursday.


Baby boomers become boring pensioners

The youth of the 1960s are now heading to conventional retirement.


FTSE 100 ends 5.65% down

On yet another day of volatility, the FTSE 100 slumped lower to end 5.65 per cent down at 4,366.69.


Food inflation slows

Food inflation has slowed in September for the first time in six months, the British Retail Consortium (BRC) has said.


£50 billion gamble sees rate cut

The Government today unveiled its £50 billion taxpayer-funded rescue package to save Britain’s banking system from collapse – as interest rates were cut by 0.5 per cent.


Bank of England cuts interest rates

The Bank of England has just cut interest rates by half a per cent to 4.5 per cent in a shock move that appears to have been taken in conjuction with a number of other central banks around the world.


ING Direct to take over Icelandic deposits

ING Direct is to buy more than £3 billion of deposits held by UK savers in Icelandic banks.


FTSE 100 dives on banking plan

The FTSE plunged this morning after details of the government's £50 billion banking bailout plan were revealed.


Banks welcome rescue plan

The government's banking rescue package has been broadly welcomed by unions and banks, although shareholders have expressed concern over the plans.

Free e-Supplements

TWITTER

Shropshire Star on Twitter Shropshire Star on Twitter

Keep updated with the latest breaking news and content on our Twitter feed.

Lifestyle

Interactive Dining Out map Interactive Dining Out map

Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.

Entertainment

All the film reviews All the film reviews

Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.

OUR NEW APP

Get the new Shropshire Star app Get the new Shropshire Star app

Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.