| Debt Concerns And Impact On Mental Health
Overspending over theholidays and new year season may have a wider-ranging impacton consumer mental health than just on their finances, new research shows. A poll carried out by Mind revealed that over half of those surveyed spent more money during the festive period than they could afford to. Research from the institution suggested that 39 per cent of Britons used a credit card in the run-up to Christmas to help them cope with extra demands on their spending. The mental health charity also reported that concerns about repaying debts, that may have been accrued through the likes of credit cards and loans, have seen about a fifth (19 per cent) of people state that they feel less able to manage their mental health. In addition, the study showed that 40 per cent of those surveyed believe that they are under increased levels of stress and anxiety, while a further 25 per cent of people feel more depressed as they attempt to get to grips with their spending.
Low Imperial bid for Logista invites counterbids
CEO Davis told reporters Spain's takeover code required Imperial to either offer to buy out Logista or sell down its stake below 30 percent within three months. "The status quo is not an option," Davis said, adding three months was a short period "in which to complete a complex sale ... and even more so now, given current market conditions". So Imperial decided to offer 52.50 euros per Logista share, he said, a price that was a 5 percent premium to Thursday's close but below the 61.70 euros peak hit by Logista last June. Ibersecurities analyst Ignacio Romero, who has a target price of 56 euros on Logista stock, said: "We believe Imperial is opening Logista's sale process ... and it is setting a 52.50 euros per share minimum price". "Logista is what private equity funds look for: sound and predictable cash flows.
Educationists must enlist support of society to raise standards ...
Students learn computer-based fashion design at HCM City Fashion Garment and Textile Industry College. Education Minister Nguyen Thien Nhan wants educationists to enlist the power of society to achieve quality education for all Vietnamese. VNA/VNS Photo Ha Thai .
French bank uncovers massive $7 billion fraud by futures trader
Societe Generale filed a complaint Thursday with a court in Nanterre, west of Paris, accusing the trader of fraudulent falsification of banking records, use of such records and computer fraud, the bank said in a statement. The Paris prosecutor opened a preliminary investigation Thursday based on a complaint filed by a small shareholder concerned about losses incurred because of the fraud, a judicial official said. The Bank of France, the country's central bank, said it was immediately informed of the fraud and was investigating. Societe Generale's shares, which have lost nearly half their value over the past six months, were suspended in Paris on Thursday morning, then dropped 5.5 percent to 74.77 euros ($108.97) when they resumed trading. The bank said it detected the fraud — comparable to a full year of its profits in stable times — at its French markets division the weekend of Jan.
We own the Rock
The important point is that there is no economic difference for the Treasury between providing a direct loan through the Bank of England or providing a guarantee against losses to someone else who has provided a loan. So in order to calculate the financial exposure of the public sector to the Rock, you have to add together the £26bn of tax-payer backed loans actually made to the troubled bank and the commercial loans and deposits that are now subject to a Treasury guarantee. And on the basis of the statement put out this morning by the Treasury, more-or-less the entirety of the Rock's business has been underwritten by all of us. But don't be too alarmed. It doesn't mean we're at risk of losing £100bn. Most of the Rock's lending is underpinned by assets, in the form of the houses owned by its customers.
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