Category Archives: Business

Payday loan ‘risk to new mortgages’

Payday loan ‘risk to new mortgages’

25 November 2013 Last updated at 23:03 ET Please turn on JavaScript. Media requires JavaScript to play. Vince Cable says new regulation will effectively mean payday lenders having to carry “health warnings” Taking out a payday loan could endanger people’s chances of getting a mortgage whether or not they had difficulties repaying the cash, the BBC has learned. Nearly two-thirds ...

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China slowdown hits Remy Cointreau

China slowdown hits Remy Cointreau

26 November 2013 Last updated at 06:21 ET French spirits group Remy Cointreau has said that its full-year operating profits will see a “double-digit” decline after slower growth in China. It blamed the fall on China’s “sharp slowdown”, together with an “uncertain economic environment” in Europe. Shares in the firm, whose brands include Remy Martin cognac and Cointreau liqueur, fell ...

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US sees slowdown in house price rise

US sees slowdown in house price rise

26 November 2013 Last updated at 10:20 ET The pace of price rises slowed in 19 of the 20 US cities surveyed The pace of US house price rises slowed in September, as higher mortgage rates and concern about a government shutdown weighed on the market. The closely-watched SP/Case Shiller index saw a 0.7% price rise, against a 1.3% gain ...

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Energy suppliers attacked by Ofgem

Energy suppliers attacked by Ofgem

26 November 2013 Last updated at 06:03 ET Consumers have a “deep mistrust” of energy firms. said the regulator The energy regulator Ofgem has launched a scathing attack on the record and profits of the big gas and electricity suppliers. Andrew Wright, the acting chief executive of Ofgem, said there was a “deep distrust of anything the energy companies do ...

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