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November 21, 2008, 1:09 pm

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Slower-than-expected sales fall offers comfort to high street shops

Some of the biggest names on the high street have embarked on a round of deep discounting to boost sales in the run-up to Christmas as official figures reveal that sales in the shops and on-line fell by 0.1 per cent in October – a better-than-expected result and one that baffled many observers.


Investment Column: Bodycote tarnished by auto industry links

RBS investors agree government bailout

Royal Bank of Scotland's chairman has admitted that RBS's racy balance sheet and acquisition of ABN Amro left it unprepared for the financial crisis as he and his chief executive finally apologised for the once-mighty lender's £20bn Government bailout.


David Prosser: The Chancellor's not-so-subtle HBOS message

Outlook Just as the Chancellor fired a warning shot across Barclays' bows yesterday with his Commons statement, so too were Sir Peter Burt and Sir George Mathewson sent a coded message. Mr Darling said any bank seeking public funding would have to meet some pretty basic criteria – demonstrating they had a sustainable business model, sustainable funding and a credible management team.


GM workers plead for emergency bailout

A bankruptct filing by General Motors would be the beginning of the end of the US-owned car industry, the president of the United Autoworkers union has predicted.


Top UK firms announce hundreds of job cuts

Top UK firms today joined the growing list of companies cutting jobs as hundreds of losses were announced and fears were expressed of further redundancies.


Lloyds TSB shareholders approve HBOS takeover

A new UK banking giant came a bit closer to reality yesterday after Lloyds TSB shareholders overwhelmingly voted through the company's takeover of its smaller rival HBOS, paving the way for the Government-brokered deal to complete by January.


David Prosser: We're all still waiting to see those lending promises honoured

Outlook Alistair Darling's promise that in return for handing over taxpayers' cash he would force banks to get back to the levels of lending seen in 2007 always looked something of a pipedream. It still does, despite the Prime Minister insisting yesterday that proposals are in the pipeline to force banks to do more for small businesses, at least.


Cowdery to press ahead with Resolution listing in December

Clive Cowdery will brave one of the worst markets for initial public offerings in history when he goes ahead with the listing of his second Resolution vehicle next month. Mr Cowdery has decided the need to have cash and currency to do deals in coming months has become stronger than hitting the best value for the IPO.


David Prosser: The fightback of sterling may be shortlived

George Osborne may have spent much of Sunday furiously insisting he was perfectly within his rights to tell the world he thought the Government's economic policies might trigger a run on the pound, but he will still have breathed a sigh of relief when sterling staged a modest recovery yesterday.


New Owners At Pointe AutoTech
November 2, 2008 ( www.MichiganPR.net )
Claude Southard
313-886-2886
pointeautotech@yahoo.com

New Owners At Pointe AutoTech Make A Change On E Warren Ave

Auto Detailing Stores
Man behind the putsch:'I'm the forward guard for a much bigger machine'

Stefan Allesch-Taylor left school at 18 and entered stockbroking. It was Black Monday in 1987 and he admits that for five years he thought he had caused the stock market crash. Now he is advising the would-be managers of HBOS on how they can help the bank survive an even greater crash.


London warned as Citigroup axes 50,000

Citigroup Inc. is cutting approximately 53,000 more jobs in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.




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