Airbus giants EADS hit by £690m losses

THE owner of European aircraft giant Airbus nose-dived into the red last year after costs of building the Airbus super-jumbo and a new ­military transport aircraft spiralled out of control.

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Aer Lingus nosedives £74m into the red

LOSSES at Aer Lingus quadrupled in 2009 as the Irish carrier struggled with the airline industry’s worst-ever year, although it did better than the City expected.

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Pound hurt by debt fears and worsening trade gap

THE pound fell sharply yesterday after new fears emerged over the strength of economic recovery and a leading credit agency sparked further worries over national debt.

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Merlin float hope despite economic drop

MERLIN Entertainments, the private equity-owned theme park and tourist attractions group, said it was still considering a £2billion float as it unveiled a recession-busting set of annual figures.

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Weak pound raises fears

THE weak pound was supposed to be the nasty medicine to help nurse the sickly economy back to health. But yesterday’s surprise drop in exports has raised fears that the patient is not responding to treatment.

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Libert splits assets

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The pension and savings equation

Q I am 63 and expect to teach full-time for another two years or a little longer. I can afford to increase my savings and am wondering if it would make better sense to increase my monthly additional voluntary contribution (AVC) from my current £500 a month to about £1,000, rather than putting the money into a cash Isa. I could then take 25 per cent of the AVC as cash if I wished.

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Time to activate dormant millions

SAVERS with cash in dormant accounts with banks and building societies are being urged to claim the hundreds of millions of pounds left in these long-forgotten deposits.

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Rates hotting up as Isa season draws in

BANKS are battling for the top spot on cash individual savings accounts (Isas) with just weeks to go until the end of the tax year.

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Bailed-out banks fail mortgage borrowers

BORROWERS looking for a cheap mortgage won’t find one from Government-backed lenders, according to a new report.

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