Menu
08/11/2006
Farepak fund boosted by HBOS
The parent company of banking group Halifax has announced that it will donate £2m to the Farepak Family Fund.
Christmas hamper and voucher company Farepak was declared insolvent last month.
The HBOS banking group had been criticised by MPs for allowing the company to continuing to trade, but a company spokesperson told the BBC today that everything possible had been done for the company and the final decision had rested with the company’s directors.
Farepak, based in Swindon, collapsed in October with an estimated 150,000 customers facing the possibility of eventually receiving a few pence in the pound on what is believed to be an average £400 savings per customer.
Several companies have pledged funds to help support customers of Farepak. Direct home shopping firm Findel has joined retailers Tesco and Sainsbury in pledging funding to help customers.
A spokesperson for Sainsbury’s said that customers would receive 25% of the value of their savings toward Sainsbury vouchers.
Tesco said that it would be providing £250,000 towards the fund to help reimburse customers.
Farepak, a subsidiary of European Home Retail, was placed in receivership after its bankers rejected a rescue plan.
(SP/KMcA)
Christmas hamper and voucher company Farepak was declared insolvent last month.
The HBOS banking group had been criticised by MPs for allowing the company to continuing to trade, but a company spokesperson told the BBC today that everything possible had been done for the company and the final decision had rested with the company’s directors.
Farepak, based in Swindon, collapsed in October with an estimated 150,000 customers facing the possibility of eventually receiving a few pence in the pound on what is believed to be an average £400 savings per customer.
Several companies have pledged funds to help support customers of Farepak. Direct home shopping firm Findel has joined retailers Tesco and Sainsbury in pledging funding to help customers.
A spokesperson for Sainsbury’s said that customers would receive 25% of the value of their savings toward Sainsbury vouchers.
Tesco said that it would be providing £250,000 towards the fund to help reimburse customers.
Farepak, a subsidiary of European Home Retail, was placed in receivership after its bankers rejected a rescue plan.
(SP/KMcA)
Related UK National News Stories
Click here for the latest headlines.
30 November 2006
Farepak customers to begin receiving compensation
Customers who lost money when the Farepak Christmas saving scheme are to begin receiving compensation in the form of shopping vouchers from next week. The compensation fund has reached more than £6 million, but this will mean that members of the scheme will still only receive 15p for every pound they saved in the scheme.
Farepak customers to begin receiving compensation
Customers who lost money when the Farepak Christmas saving scheme are to begin receiving compensation in the form of shopping vouchers from next week. The compensation fund has reached more than £6 million, but this will mean that members of the scheme will still only receive 15p for every pound they saved in the scheme.
13 March 2015
Staff At North Wales Bus Company Find Company Ceases Overnight
Employees of Western Greyhound in Cornwall have arrived at work this morning to find the company has ceased trading. According to a report by the BBC, around 40 staff arrived for work on Friday morning and found the depot closed.
Staff At North Wales Bus Company Find Company Ceases Overnight
Employees of Western Greyhound in Cornwall have arrived at work this morning to find the company has ceased trading. According to a report by the BBC, around 40 staff arrived for work on Friday morning and found the depot closed.
06 February 2006
TUC launches fund manager survey
The Trades Union Congress has launched its 2006 Fund Manager Voting Survey. The survey asks how investors voted on key issues at company AGMs last year. The survey provides pension fund trustees with information about how managers are addressing governance issues at the companies they invest in.
TUC launches fund manager survey
The Trades Union Congress has launched its 2006 Fund Manager Voting Survey. The survey asks how investors voted on key issues at company AGMs last year. The survey provides pension fund trustees with information about how managers are addressing governance issues at the companies they invest in.
26 July 2013
Protesters Maintain Overnight Presence In Sussex
An all night protest has been held in a Sussex village over exploratory oil drilling, after permission was granted for a 3,000ft well and 2,500ft horizontal bore. Around 25 protesters formed a chain at the site near Balcombe overnight, according to the BBC.
Protesters Maintain Overnight Presence In Sussex
An all night protest has been held in a Sussex village over exploratory oil drilling, after permission was granted for a 3,000ft well and 2,500ft horizontal bore. Around 25 protesters formed a chain at the site near Balcombe overnight, according to the BBC.
25 July 2013
Exploratory Oil Drilling In West Sussex Given Go Ahead
Exploratory oil drilling is to begin in West Sussex. The environment agency have issued a waste permit to energy company, Cuadrilla, allowing it to begin work near Balcombe.
Exploratory Oil Drilling In West Sussex Given Go Ahead
Exploratory oil drilling is to begin in West Sussex. The environment agency have issued a waste permit to energy company, Cuadrilla, allowing it to begin work near Balcombe.
-
Northern Ireland WeatherToday:It will be rather cloudy with scattered sleet and snow showers but mostly rain near the North coast. Feeling bitterly cold in fresh or strong northerly wind. Maximum temperature 4 °C.Tonight:Clear intervals and wintry showers, most frequent in the north but mostly of rain along the North Coast. A cold night with risk of icy stretches. Minimum temperature -1 °C.
