14,042 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 124 of 141.
“An increase in the existing level of deficit payments, which in 2006 the company agreed it would pay for 17 years, could push the company's total funding bill for the scheme to more than £1bn a year.”
“Two years ago a report for the government on the future of the company highlighted the growing size of the pension deficit as the postal service's number one financial problem.”
“The report's author, businessman Richard Hooper, suggested the solution would be for the government to find a way of taking over responsibility for the fund and plug its financial black hole with taxpayer's money.”
“A letter has gone to all staff asking them for different ways of working as it looks to make savings of £28m.”
“All departments have been working towards identifying potential savings of 12.5% over the next three years, and this work is ongoing.”
“The Benchmark Dow Jones industrial average fell by 376 points - its largest one-day drop since February 2009.”
“All major US markets were down: the S&P 500 and Nasdaq both fell by around 4%.”
“Earlier, Germany's Dax index fell 2.02%, France's Cac 40 dropped 2.25%, and London's FTSE 100 closed 1.65% lower.”
“New figures showed unemployment benefits in the US rose to a three-month high of 471,000 last week.”
“Sales grew by 0.3% in April, the Office for National Statistics said”
“The sales growth for March was also revised upwards to 0.5% from the original estimate of 0.4%.”
“Stripping out fuel sales, retail sales were up by just 0.1% in April.”
“April's sales volumes were up 1.8% compared with a year ago, the same annual increase as in March.”
“An end to "unfair" bank and other financial transaction charges are among the new policies that have been set out by the coalition government. The government's plans also include powers to ban "excessive" interest rates on credit and store…”
“Among the other measures are a promise to give homeowners more protection against "aggressive" bailiffs. Courts will also be told that repossessions must always be a last resort. Under another proposal, people taking out a store card for t…”
“Now, the coalition government says it will ban court orders for the sale of properties where the unsecured debt is below £25,000.”
“Firstly, there will be a free national financial advice service. A similar policy was announced in March after three years of planning and pilots. The version being suggested by the coalition will be funded by a new levy on the financial s…”
“In February, the Ministry of Justice said it was looking at setting a minimum level of debt before a court order could be obtained.”
“It says it will look at giving people "flexibility" to get their hands on part of their personal pension pots early - in other words drawing lump sums to spend before retirement.”
“And in response to pressure from the pension industry, the government says it will "simplify" the rules and regulations that surround pensions to "reinvigorate" company pension schemes. This is usually taken to mean relaxing the current re…”
“There have been 800 changes to pension regulations since 1995 - flexibility will slow the exodus from defined benefit schemes in the private sector we are seeing at the moment”
“"The OFT has already looked into bank charges and in March this year reported that 'real progress' is being made by the industry in making current accounts work well for customers,"”
“Last year, the Office of Fair Trading suffered a high profile legal defeat in its attempts to regulate bank charges.”
“They had earlier been estimated to be worth some 500m euros (£431m; $618m).”
“even if it is one tenth of the value at auction”
“It costs about £60.”
“The burden of paying about £200 for searches from local authorities and search companies will now fall on house buyers.”
“The burden of paying about £200 for searches from local authorities and search companies will now fall on house buyers, which could add to costs for first-time buyers.”
“Estate agents claimed the packs, which typically cost between £299 and £350, were stunting the housing market recovery...”
“Royal Mail reported a pre-tax loss of £262m for the last financial year.”
“The operating profit was £404m, however, up 26% on the previous year.”
“the current £3.4bn valuation by the pension fund trustees.”
“Royal Mail estimates the pension deficit to now be in excess of £8bn.”
“The group has paid £867m into the fund so far this year in an attempt to close the gap.”
“Germany has also angered other EU nations by acting alone in banning a type of short-selling.”
“That move, meant to ease public anger at home, took Germany's European partners by surprise and sent global stock markets sharply lower on Wednesday.”
“Thursday afternoon saw it falling again, down 0.7% to $1.234.”
“London's FTSE 100 index fell 2.5%”
“the French Cac 40 shed 3.8%”
“Germany's Dax 30 index lost 2.9%”
“Meanwhile on Wall Street, the Dow Jones was 2.5% lower.”
“Earlier, concerns about the prospect of a crisis in Europe denting demand for imports pushed Japan's Nikkei index to a three-month low.”
“The euro has fallen to a four-year low against the dollar this week before strengthening.”
“Stricter regulation of international markets, which she said must be the "benchmark" within Europe”
“A co-ordinated approach to removing stimulus measures put in place to support economies”
“Dubai World, the state-owned investment vehicle, says it has reached an agreement "in principle" with most of its bank lenders to restructure debt worth $23.5bn (£16.4bn).”
“It added it would be left with debts of $14.4bn after the restructuring.”
“Dubai World stunned global markets in November last year when it asked for a six-month delay on debt repayments.”
“The terms of the restructuring include converting $8.9bn of government debt into equity.”
“The government of Dubai and Dubai World had tabled this offer to a committee representing its bank lenders in March after three months of negotiations.”
“"We are pleased that we have received unanimous support in principle... on the headline economic terms to our restructuring proposal," said Aidan Birkett, chief restructuring officer of Dubai World.”
“The Royal Bank of Scotland was the lead bank in a seven-strong co-ordinating committee negotiating Dubai World's debts.”
“There are a further 90 lenders exposed to the risk of default.”
“But since February, Dubai has issued bonds worth $20bn to raise finance to support struggling firms.”
“Its economy grew by 1.2% between January and March from the previous quarter”
“On an annualised basis, growth was 4.9% - less than analysts had predicted.”
“which at nearly 230% of GDP, is the highest of any industrialised nation. It has warned it could reach 250% by 2015.”
“Germany has been helping to stabilise the European single currency, the euro, which has fallen to a four-year low against the dollar this week.”
“an independent study estimates that the tournament will boost the Welsh economy by at least £73m, with much of that centred on Newport itself.”
“The Celtic Manor continues to put £14m into the local economy each year though direct employment and via suppliers, she adds, and that this will increase further this year thanks to the tournament.”
“an independent study estimates that the tournament will boost the Welsh economy by at least £73m”
“The Celtic Manor continues to put £14m into the local economy each year though direct employment and via suppliers”
“a financial regulation bill containing the most significant reforms since the 1930s”
“He said that in next month's Budget he wanted to set out a "five year road for a big reform of corporation tax".”
“He also said the personal income tax allowance would rise in the Budget.”
“And for would-be entrepreneurs, he wanted the UK to be the easiest place in the world to start a business. He added: "And I want to help new businesses by abolishing employers national insurance contributions on the first ten jobs they cre…”
“Our aim is to create the most competitive corporate tax regime in the G20, while protecting manufacturing industries".”
“And I want to help new businesses by abolishing employers national insurance contributions on the first ten jobs they create.”
“EU governments must double their annual spending on research and development to 11bn euros (£9.4bn) by 2020, she said.”
“which at nearly 230% of GDP, is the highest of any industrialised nation”
“the IMF predicts further GDP growth of 2% for this year and next”
“the IMF thinks inflation will start to creep back late next year”
“India's auction of third generation (3G) bandwidth for mobile phone services has ended with the government reaping $15bn, twice the sum expected.”
“a BP executive said this week that the company had paid out $15m (£10.4m) in claims, much of it to shrimpers and commercial fishermen who have little or no income because of the spill”
“It says it needs to implement new austerity measures to qualify for the next instalment of the 20bn-euro ($25bn; £17bn) IMF loan.”
“Romania's economy shrunk more than 7% last year and it needed an IMF bail-out in order to meet its wage bill.”
“Romania's economy shrunk more than 7% last year”
“to qualify for the next instalment of the 20bn-euro ($25bn; £17bn) IMF loan.”
“cuts to Romania's huge public sector - which accounts for a third of all jobs”
“An auction of government debt earlier this month failed to attract enough interest.”
“US prices fell for the first time in 13 months in April, driven by lower petrol costs, official data has shown.”
“Consumer price index inflation fell 0.1% last month from March, said the Labor Department”
“On an annual basis, inflation in April rose by 0.9%, the lowest growth rate since 1966.”
“Fed officials said they thought the US economy could grow between 3.2% and 3.7% this year, up from a previous estimate of a growth range of 2.8% to 3.5%.”
“The inflation figures released on Wednesday showed that core inflation - which strips out the impact of volatile energy and food bills - showed prices remained unchanged in April for the second consecutive month.”
“Petrol prices declined by 2.4%, clothing costs fell 0.7% and food costs rose 0.2%.”
“US interest rates are currently at between 0% and 0.25%, where they have been since December 2008”
“The most recent official figures showed that the US economy grew at an annualised rate of 3.2% in the first three months of 2010”
“The jobless rate increased to 9.9% in April, up from 9.7% in March, and the total number of people unemployed in April was 15.3 million.”
“He added that his opinion was that the Fed would not start raising interest rates until next year, and that it was possible the first increase would not come until 2012.”
“Fed officials said they thought the US economy could grow between 3.2% and 3.7% this year, up from a previous estimate of a growth range of 2.8% to 3.5%”
“Consumer price index inflation fell 0.1% last month from March, said the Labor Department, surprising analysts who had expected a 0.1% increase.”
“US interest rates are currently at between 0% and 0.25%, where they have been since December 2008 to aid the US economic recovery.”
“The most recent official figures showed that the US economy grew at an annualised rate of 3.2% in the first three months of 2010, but at the same time unemployment remains stubbornly high.”
“Meanwhile, Fed officials said they thought the US economy could grow between 3.2% and 3.7% this year, up from a previous estimate of a growth range of 2.8% to 3.5%.”
“Industrial output in Russia surged 10.4% last month compared with April 2009, when the country was in recession, the Federal statistics service has said.”
“The growth, up from 5.7% in March, was Russia's fastest in four years.”
“Last week, the statistics agency said that the Russian economy had grown by a revised 2.9% in the first quarter compared with the same period in 2009.”
“The Russian economy contracted by 7.9% in 2009 after several years of robust growth fuelled by oil and gas exports.”
“For the first four months of 2010, the country's industrial output rose by 6.9% compared with the same period last year.”
