Card firms must sharpen up their act on loan binge
We all know that the British have a bit of a credit habit - a report to be released tomorrow will show we are the biggest card borrowers in Europe - and that it's a love-...
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This is a bungle, in anyone's language
In some cases, it does not take much to spot signs of terminal corporate illness. Take Parmalat, the absurd Italian conglomerate. On November 11, after the Italian press ...
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Shopkeepers revolt as Londis offer falls
The Irish wholesaler Musgrave yesterday withdrew its £40m offer for Londis amid mounting controversy about £21m payments to four directors of the corner shop ch...
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Parmalat misses loan deadline
Parmalat, the Italian food group facing the worst financial crisis in its 40-year history, admitted last night that it would not be able to meet the deadline on a $400m (...
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Well-off families will 'benefit most from baby bonds
MPs yesterday warned that the government's new child trust funds, which aim to give the poor a stake in society and extend opportunity, are most likely to benefit the chi...
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Broker joins queue to buy Telegraph
Terry Smith, the maverick chief executive of stockbroker Collins Stewart, is putting together a cash bid for the Telegraph titles that would value the business at between...
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Hard to credit, but they're going to change the law
Britain's 30-year-old consumer credit laws are to be kicked into the 21st century. But don't hold your breath. Department of Trade proposals to transform antiquated legis...
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Parents get a break from family man Chancellor
A little known and little used childcare voucher scheme could be one of the most popular tax breaks for families by the end of the decade, following the announcement by C...
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Drax creditors reject IP offer
International Power's £130m bid to take control of Drax, Britain's biggest power station, collapsed ignominiously last night when the plant's creditors overwhelmingl...
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A very flexible friend
Kids can be nasty creatures, particularly at school. They often demonstrate that uncanny ability to zero in on children who don't quite fit the mould. Southampton is no e...
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