Archive for January 30th, 2013

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More profits in the world of the internet

As stores see a decline in sales in-store, there is still an increase in their profits. Why? There are many people buying online instead of going in-store. There are major benefits for shoppers to buy online, which means businesses need […]

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Bank of England

Bank of England reports continued rise in mortgage approvals

Further signs are emerging of a recovery in the UK housing market, as the Bank of England said today that mortgage approvals rose again in December 2012. The number

Citibank is the retail arm of Citigroup

Citigroup seeks buyers for Brazilian credit card and consumer finance unit

US financial services group Citigroup Inc (NYSE:C) is looking to divest the Credicard consumer finance unit of its Brazilian business as part of a plan to concentrate on

hostess

US-based food group Hostess to sell Twinkies to private equity

US wholesale baker Hostess Brands Inc could soon announce a deal worth around USD400m (EUR296.2m) to divest certain snack cake brands such as Twinkies and Donettes to buyout

UniCredit

Italy’s UniCredit cuts stake in Polish lender Bank Pekao

Italian financial group UniCredit SpA (BIT:UCG) said it would cut its stake in Polish unit Bank Pekao SA (PINK:BKPKF) to around 50.1% through the sale of 23.9m ordinary

pay day loans

UK internet lender Wonga ends talks on deal to acquire On Deck Capital

UK online lender Wonga.com Ltd has terminated negotiations over the acquisition of US-based On Deck Capital Inc after the parties proved unable to settle pricing disagreements, Bloomberg reported

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