Matt Ridley has quit as chairman as Nothern Rock. This is following the company’s disastrous financial situation Matt Ridley was forced to step down.
He has been replaced by Bryan Sanderson, the former chairman of Standard Chartered. He will now review plans for the companies revival.
A report says that us brits are missing out on saving money on our energy bills.
The report shows that fear is behind the lack of people saving money. People are ’scared’ to change their energy suppliers as they are unsure what is involved.
Graham Self, directory of UKPower.co.uk stated:
“Some people don’t know what is involved, they wonder if they are going to have someone come round to their house to change pipes and wires.”
“There is a bit of naivety about how it actually works. It’s not like car insurance, for example, where people automatically shop around.”
Personally, I’m happy with the amount I pay for my gas, electricity. I have used comparison sites in the past and it seems to be a great deal.
Sir Richard Branson has stepped in to save the financial troubles of Nothern Rock.
Backed by a large group of financial heavyweights Branson’s virgin group submitted the proposal to Northern Rock’s bankers at Merrill Lynch yesterday.
Northern Rock shares dramatically increased on the news, ending the day up 5.9% to 273p, and became the FTSE 100’s biggest riser.
Other companies will surely follow suit and submit their proposals for the company’s rise from the ashes.
Upto one in five British consumers are still paying off christmas credit card debts, according to some recent research.
Figures fo savebuckets.com showed that 40% of people had to go into the red for last years festivities.
Very large sums of money were borrowed last christmas more than any other of the years and throughtout January most people we’re still aiming to become debt free.Marc Ames, marketing manager of Savebuckets.com, said: “Many Britons have struggled to pay off their credit card spending from last Christmas.