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Found 5 results

  1. Hi A Germany collection agency is trying to collect debt of about 1,300 euro from my son. I would like to know will it affect his credit rating in Canada and can the German collection agency take my son to court in Canada? and what is the consequence if he leave the debt unpaid? The collection agency keeps adding interest and different fees in the total amount, is this legal? Can my son just paid the original debt amount? the original debt was about 1700 CAD Many thanks in advance.
  2. Carpetright has said it is closing 92 stores - resulting in 300 job losses - as it fights for survival under a sweeping restructure. The beleaguered retailer, which employs 2,700 people in the UK, said 11 of the sites earmarked for closure had already stopped trading. The move follows a review of its property portfolio which found 205 sites were underperforming or on unfavourable lease terms. Carpetright said it hoped to relocate affected staff - and said rent would be slashed on the other 113 struggling sites under the rescue plan. Wilf Walsh, chief executive of Carpetright, said: "These tough but necessary actions will enable us to address the burden of a legacy UK property estate consisting of too many poorly located stores on unsustainable rents, and are essential if we are to restore our profitability and deliver a successful turnaround. "We will remain in close contact with all colleagues to keep them fully informed as we move through this process." https://uk.yahoo.com/finance/news/carpetright-axe-300-jobs-close-92-stores-065300557.html
  3. Dyson Airblade hand-driers spread 60 times more germs than standard air dryers, and 1,300 times more than standard paper towels, according to research published in the Journal of Applied Microbiology. http://www.msn.com/en-gb/news/uknews/dyson-airblades-spread-germs-1300-times-more-than-paper-towels/ar-BBrIqCG?ocid=spartandhp
  4. Jaguar Land Rover says it will create 1,300 new jobs to build Jaguar's first sports utility vehicle (SUV) at its Solihull plant in the West Midlands. The firm has already invested £1.5bn in the Solihull plant to enable it to increase production, and it said its workforce there had almost doubled over the past three years to 9,450. Jaguar Land Rover currently employs 30,500 people in the UK. The car, called the Jaguar F-PACE, will be based on its C-X17 concept car. That was first launched at the Frankfurt motor show in 2013. The new model is due to go on sale in 2016. Jaguar Land Rover's UK executive director, Mike Wright, told the BBC the new vehicle would not be a "gas guzzler". "We spend about £3.5bn on our product investment each year and one thing that we really focus on is making sure that our future cars are both economic in terms of fuel economy, in terms of CO2. "This car's going to be built at one of the world's biggest aluminium body shops at Solihull that we've invested a huge amount of money in over the last couple of years. So gas guzzling? No". 'Thriving' The luxury car firm, owned by India's Tata Motors, said it had chosen the UK as the new model's manufacturing base because it wanted its cars to be "crafted with that special British flair". Jaguar Land Rover chief executive Dr Ralf Speth said the announcement demonstrated its "commitment to the UK and the advancement of a high-tech, high-skilled, manufacturing-led economy". Business Secretary Vince Cable hailed the decision as a "ringing endorsement" of the UK's car industry. Mr Cable said Jaguar Land Rover's decision showed the UK's car manufacturing sector was in good health. "The UK's automotive industry is thriving with a new car rolling off the production line every 20 seconds, and increasing levels of investment that's helping to secure local jobs," he said. Growth The announcement came as Jaguar Land Rover said it had sold 462,678 vehicles globally last year - a rise of 9% year-on-year - and the fifth consecutive year that sales have grown. China saw the strongest growth, with sales up 28%, while in the UK sales rose 7%. Economic growth in China has slowed in recent years, and a clampdown on government spending on luxuries is eating into many companies' sales growth in the country. However, Mr Wright told the BBC said there was little sign of slowing demand in China for its products. "In the medium to long-term we see huge demand. The retail demand is still there in China," he said. So why was it doing so poorly under UK managership, has the UK lost it's way or is Europe stifling it?
  5. More than 1.3m households aged over 55 are still paying off their mortgage, with 289,000 over-65s owing money on their home loan. An analysis of households in England and Wales showed almost a fifth of over-55 households are still paying a mortgage, according to equity release firm More 2 Life. That figure dropped to about 7pc when applied to over-65s households. Jon King, managing director of More 2 Life, said: “There clearly is a potential mortgage time-bomb with home owners paying off loans way past traditional retirement dates. “For many that it is not an issue but for substantial numbers on interest-only deals there is a looming repayment date when they will have to repay the money they have borrowed.” Separate research released last week from ratings agency Moody’s estimated that there are about 52,000 borrowers aged over 60 in the UK on interest-only mortgages and who have less than 20pc equity in their homes. More: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9952458/300000-over-65s-saddled-with-mortgage-debts.html
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