Revealed on Friday, the data by Bank of England has shown that as much as £3bn fall has occurred in the loans and overdrafts lent to the British companies.
The data has raised concerns over the Bank's Funding for Lending Scheme (FLS). Also, it emerged that the British companies were struggling since December last year in wake of the fall in lending and hike in the borrowing costs.
The winning streak for FTSE 100 continues even after coming across the heaviest slump for a day less than a week and a half ago. Shares have climbed by 2.4pc, or 152.97 points. This is the longest winning stand for FTSE 100.
The markets were supported by positive news flow and also by good news from United States. U. S. consumer sentiment peaked in May to the highest level since July 2007.
In a tweet sent out on Friday, Twitter platform director Ryan Sarver has revealed that he will be leaving the popular microblogging service on June 28; and that he has "no plans but rest."
Sarver - who joined Twitter in 2009 - said in his tweet: "After four incredible, indelible years at Twitter, the time has come for me to fly the coop. My last day will be June 28."
During his four-year stint at Twitter, Sarver has not only helped the Twitter ecosystem become more unified, but has also made it available across a number of platforms, including web, iOS, and Android.
With effect from May 31, 2013, Microsoft has started offering the Touch Cover and Type Cover for its Surface RT tablet for free, to customers who buy the tablet in the US and Canada.
Announcing the `free keyboard cover' offer, Microsoft's Surface team said in a blog post: "Touch and Type Cover do much more than just protect and personalize your Surface RT. They let you get real work done."
In its latest move to improve the security of its users' accounts, LinkedIn social network for professionals introduced an optional service called two-factor authentication on Friday.
LinkedIn's announcement of the two-factor authentication service comes nearly a week after a similar service was introduced by popular microblogging site Twitter following a series of high-profile cyber-attacks on its users.
Dennis Woodside, CEO of Google's Motorola Mobility subsidiary, said during an interview at the All Things D conference that his company has plans underway to unveil a new product line in the coming months; and also said that he was hopeful of the success of Motorola's new flagship handset, the Moto X.
Over past several decades, Vienna Bakery had become a part of Thunder Bay region. The bakery, which is in the city for more than 50 years, will close today after business day.
Its owners Allan and Betty Krebs were of the view that the decision to close the shop was not an easy one. They have been emotionally attached with the bakery, but closing the bakery was in the best interest of them.
Game lovers have good news to cling to presently. There has been announcement of a joint venture by makers of Rage, the Call of Duty series, Lost Planet, Madden and Planetside 2. They are working together to reach the turf of next level in video gaming.
It is being termed as an erotic adventure video game or virtual pornography. It is...
At 11.10 pm, Barack Obama recorded a historic win by defeating his rival, Mitt Romney by 100 votes. Obama was given 303 electoral votes by the major networks, while Romney got 203.
Obama, the first African American President, was elected...
The government in Scotland has renewed demands for air passenger duty to be devolved to Scotland...
A recent report has confirmed that former Warriors captain Peter Ndlovu would be sent to England...
Average price of gasoline has fallen by six cents since past two weeks and further plunge in the price is expected in the coming days.
The decrease is first in the prices since December. According to reports by the Lundberg Survey of fuel...
The hunt for the fifth and yet to be discovered alligator, in a Long Island river, is still on...
A damning report by the UN released lately has claimed that the present population of the world...
As per the revelations of a new report, the Port of Los...
Hvalur 8 and 9, millionaire entrepreneur Kristjan...
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