'In the News' from Plebble.com

Lloyds TSB confirms £12.2bn rescue deal for HBOS

In an unprecedented move, Lloyds TSB has announced it will pay £12.2 billion to rescue HBOS (Halifax and the Bank of Scotland). The severe financial crisis has brought about the merger, which is being backed by the Government.

Tesco and Asda slash food prices to stem flow of defectors to discounters

The UK's two largest supermarkets, Tesco and Asda, have announced a further round of price cuts in an attempt to stem the increasing defection of consumers to discount chains such as Aldi and Lidl.

Alliance & Leicester takeover gets go ahead

Alliance & Leicester shareholders have voted in favour of an acquisition by Santander the Spanish bank. In 2004 Santander acquired Abbey and following the acquisition of Alliance & Leicester the two will be merged.

Gatwick Airport: BAA puts it up for sale

Airports operator BAA has announced that it is to sell off Gatwick airport.

Another tour firm goes under as Alitalia hangs on

As the thousands of XL holiday makers try to make it back to the UK, another tour company has gone bust. K&S Holidays, which specialised in holidays to Turkey is the latest causality.

Post Office may go into mobiles after success of broadband

The Post Office is said to be considering entering the mobile phone market, following the success of its broadband offering launched last year (reported in 'In the News' on 24 October 2007). Telecoms is an important area for the Post Office as it looks to increase revenues.

UK could suffer economicaly and socially with 'poor broadband'

Britain risks falling behind the rest of Europe as a result of poor broadband speeds, it has been claimed in a new study.

Producers may pass on cost of energy package to consumers

The cost of government plans to reduce the impact of high energy prices could be passed on to consumers. The £1 billion energy efficiency package announced yesterday by Gordon Brown may only see 150,000 additional homes being insulated this winter.

Seguro Travel collapse hits 20,000 Britons

Seguro Travel has gone into administration leaving nearly 2,500 British holiday makers stranded in the Mediterranean. Seguro Travel is also known as Seguro Holidays and Kent Escapes. The company operated holidays in Spain, Portugal and the Canary Islands.

Gas boss jokes about making more money as energy prices soar

Energy company E.ON is in hot water today after one of its top executives appeared to joke that high oil and gas prices did not matter because they would mean more profits.

Huge rise in complaints about water companies

The Consumer Council for Water has received a record high number of complaints. For the year April 2007 to April 2008 the Consumer Council for Water received 273,000 complaints which was 11% higher than the previous year.

Supermarkets accused of taking advantage of food inflation to increase prices

Supermarkets are raising prices over and above the amounts that their costs have increased, it emerged today.

Nationwide Building Society set to merge with the Derbyshire and the Cheshire

The UK's largest building society, Nationwide, is merging with two of it's smaller rivals the Cheshire and Derbyshire building societies. The Cheshire has 45 branches and 440,000 members, whilst the Derbyshire has 50 branches and 485,000 members.

Five pubs closing every day as landlords struggle with high taxes and credit crisis

According to the Beer and Pub Association for the first half of 2008 36 pubs closed every week. This equates to 5 per day and represents a large increase from 4 per day for 2007 as reported 'In the News' 10 April.

Superfast broadband could cost the UK £29bn

Plans to upgrade the UK's broadband network could cost as much as £28bn, a governmental advisory group predicted today. The main cost is likely to be digging up roads in order to lay new super-fast fibre-optic cable.

Ministers urged to intervene after household fuel bills soar again

The Government has been urged to intervene after two more of the 'Big Six' energy companies, Scottish and Southern Energy and E.ON yesterday announced price rises.

Thousands are left out of pocket and out of luck after festival ticket 'scam'

Thousands of music fans were left out of pocket after Spanish-based ticket seller, SOS Master Tickets, failed to provide the tickets they bought for some of the Country's biggest music festivals.

Supermarkets battle to cut mobile phone costs

Yet another front in the summer supermarket price war (reported most recently in 'In the News' on 15 August 2008) has opened after Asda, the UK's second largest supermarket chain, announced plans yesterday to cut charges on its pay-as-you mobile tariffs.

Borrowers must apply 'four times' to get mortgage, survey says

Borrowers must on average repeat applications for loans and mortgages four times in order to secure the lending they need, it has been revealed today. In addition, as many as 400,000 would-be borrowers could not obtain loans at all.

BAA told to end UK monopoly by selling Gatwick and Stansted

Airports operator BAA is likely to have to sell off at least two of its three London airports - Heathrow, Gatwick and Stansted. This was the finding of a Competition Commission report out today.

Computer game pirate to pay US firm £16,000

An unamed British woman has been ordered to pay £16,000 to a US computer games company, Topware, for illegally sharing pirated copies of its game Dream Pinball 3D. The fine is part of a wider crackdown by Topware on people in the UK illegally distributing copies of its game.

Vodafone lifts charges to recoup lost earnings

Vodafone, the UK's second largest mobile phone network operator, is to raise prices by a third next month on its pay-as-you-go tarrifs.

Thousands of bookings cancelled as Ryanair clamps down on 'screenscraping'

Budget airline Ryanair has cancelled the flights of thousands of passengers who booked through airline price comparison websites.

Watchdog expected to order BAA's break-up

Airports operator BAA could be ordered to sell Gatwick airport to a rival in a move that would represent the biggest shake-up in British airport ownership since BAA was privatised more than 20 years ago.

Air travel: BA-AA alliance attracts flak from Branson

The UK's largest airline, British Airways (BA), yesterday announced plans for a transatlantic tie-up between it, American Airlines (AA) and Spanish airline, Iberia.

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