Menu
28/07/2010
Connaught Faces Second FSA Investigation
The Financial Services authority (FSA) is probing integrated services provider Connaught after its shares dropped by 75%.
The City watchdog is investigating whether Connaught failed to disclose its terrible financial situation to investors ahead of last months shock profits warning.
The social housing maintenance firm has also admitted it is about to breach its overdraft terms.
Yesterday, Connaught announced that its shares had slumped to 31.46p, the second time in a month the firm's shares had fallen.
The company is also believed to be looking at job cuts to reduce its debt.
For further information Visit: Connaught Shares Freefall
(CD)
The City watchdog is investigating whether Connaught failed to disclose its terrible financial situation to investors ahead of last months shock profits warning.
The social housing maintenance firm has also admitted it is about to breach its overdraft terms.
Yesterday, Connaught announced that its shares had slumped to 31.46p, the second time in a month the firm's shares had fallen.
The company is also believed to be looking at job cuts to reduce its debt.
For further information Visit: Connaught Shares Freefall
(CD)
Related UK National News Stories
Click here for the latest headlines.
08 September 2010
Jobs Under Threat As Housing Firm Faces Collapse
Thousands of jobs are at risk with the news that social housing firm Connaught is facing administration. The company is expected to announce that it is being put in administration later today.
Jobs Under Threat As Housing Firm Faces Collapse
Thousands of jobs are at risk with the news that social housing firm Connaught is facing administration. The company is expected to announce that it is being put in administration later today.
02 April 2004
Marks & Spencer poised to axe 1,000 jobs
Under restructuring plans announced on Friday, Marks & Spencer is to axe around 1,000 jobs following a review of head office operations and the financial services division. The company said the decision formed a "major part of Marks & Spencer's ongoing plan to accelerate business transformation".
Marks & Spencer poised to axe 1,000 jobs
Under restructuring plans announced on Friday, Marks & Spencer is to axe around 1,000 jobs following a review of head office operations and the financial services division. The company said the decision formed a "major part of Marks & Spencer's ongoing plan to accelerate business transformation".
08 April 2013
UK's Household Wealth 'Surpasses £7tr'
According to new research, the UK's total household wealth has surpassed the £7tr mark for the first time. Researchers for Lloyds TSB Private Banking found that net worth, which includes the value of residential buildings and financial assets held by households – minus outstanding debts – was estimated at £7.05tr by the end of 2012.
UK's Household Wealth 'Surpasses £7tr'
According to new research, the UK's total household wealth has surpassed the £7tr mark for the first time. Researchers for Lloyds TSB Private Banking found that net worth, which includes the value of residential buildings and financial assets held by households – minus outstanding debts – was estimated at £7.05tr by the end of 2012.
10 December 2009
Guman Stopped Near Blair's Home
An Albanian man has been accused of possessing a loaded weapon outside the London home of former prime minister Tony Blair. Kutjim Nurka, 56, was stopped in his car by officers patrolling Connaught Street on Monday night.
Guman Stopped Near Blair's Home
An Albanian man has been accused of possessing a loaded weapon outside the London home of former prime minister Tony Blair. Kutjim Nurka, 56, was stopped in his car by officers patrolling Connaught Street on Monday night.
10 June 2013
NUS Calls On Uni's To Ban Payday Loan Advertising On Campus
As three universities announce they will no longer allow payday loan companies to advertise on the campuses, the National Union of Students (NUS) has called on all UK universities to do the same.
NUS Calls On Uni's To Ban Payday Loan Advertising On Campus
As three universities announce they will no longer allow payday loan companies to advertise on the campuses, the National Union of Students (NUS) has called on all UK universities to do the same.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
