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Posts Tagged ‘Lose’

Homeform customers lose deposits

July 7th, 2011 Comments off

Homeform promotional imageThe administrators still hope to sell Moben, Dolphin and Kitchens Direct

Deloitte has been appointed as the administrators to Homeform, which owns brands such as Moben, Kitchens Direct, Sharp Bedrooms and Dolphin.

The administrators said 453 customers who did not use credit or debit cards or finance agreements to pay deposits will lose a total of £1.5m.

Customers who used cards or finance agreements should contact the provider.

The Sharps Bedrooms business has been sold, so Sharps customers will still have their orders fulfilled.

The operations of Moben, Dolphin and Kitchens Direct have been closed down, although the administrators are still trying to sell the brands.

They have made 557 staff redundant, keeping only 24.

The administrators’ advice to customers is:

  • People who have had goods delivered but whose fitting has not been completed will be contacted in the next five to 10 days to arrange to have their fitting completed
  • Moben, Dolphin and Kitchens Direct customers who have paid a deposit but have not received a delivery should contact their card provider, finance provider or the customer helpline on 0800 840 0118.
  • Customers who did not pay with a card or finance agreement can write to the administrators at Deloitte LLP, Athene Place, 66 Shoe Lane, London EC4A 3WA but “are unlikely to receive a refund” unless the remaining Homeform businesses are sold
  • Sharp Bedrooms customers will have their orders fulfilled by the new owners


BBC News – Business

Categories: Investing Tags: , , ,

Investors May Lose as Congress Saves Money on Oversight

June 29th, 2011 Comments off

Congress may hand oversight of almost 12,000 investment advisers to Wall Street’s self-funded regulator as a cost-saving measure
BusinessWeek.com — Finance

London May Lose Appeal for ‘Grumpy’ Banks, British Land CEO Says

March 8th, 2011 Comments off

London may become less attractive to banks if the U.K. government bows to public pressure for higher taxes on bonuses, said Chris Grigg, chief executive officer of British Land Co., the biggest developer in the city’s main financial district.
BusinessWeek.com — Finance

BRICs Lose for Second Time in Decade as America Takes Over

February 22nd, 2011 Comments off

Stocks in developed countries are rising the most since 1998 while emerging markets slump, a sign the U.S. is returning to its role as the engine of world growth aided by a recovery in Europe.
BusinessWeek.com — Finance

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U.S. Muni-Bond Funds Lose $5.75 Billion in Withdrawals

January 26th, 2011 Comments off

U.S. municipal-bond funds had $ 5.75 billion in net withdrawals in the week ended Jan. 19, according to estimates by the Investment Company Institute.
BusinessWeek.com — Finance

Big Lenders May Lose With Simpler Mortgage Disclosure

January 14th, 2011 Comments off

The Consumer Financial Protection Bureau said it will soon begin writing and testing a simplified mortgage-disclosure form aimed at making it easier for borrowers to compare deals from different lenders.
BusinessWeek.com — Finance

37. Trading Psychology: Think as a Group, Lose Your Money

January 9th, 2011 25 comments

www.informedtrades.com A lesson on crowd psychology and how it relates to trading the stock, futures, and forex markets. The best summary that I have seen on this subject, as well as a great book on trading in general is Dr. Alexander Elder’s book Trading for a living. As the Trader and Psychologist points out in his book, people think differently when acting as part of a crowd than they do when acting alone. Dr Elder points out that “People change when they join crowds. They become more credulous, impulsive, anxiously search for a leader, and react to emotions instead of using their intellect.” In his book Dr. Elder gives several examples of academic studies which have been done which show that people have trouble doing simple tasks such as choosing which line is longer than the other when put in a situation with other people who were instructed to give the wrong answer. Perhaps no where is the strange effect is the psychology of crowds seen than in the financial markets. One of the more recent examples as I have spoken about in my other lessons of the effect that the psychology of crowds can have on the markets is the run-up of the NASDAQ into 2000. As you will find by pulling out the history books however, this is not an isolated incident as financial history is littered with similar price bubbles created and then destroyed in the same way as the NASDAQ bubble was. So why does history continue to repeat itself? As Dr. Elder points out in his book, from a primitive
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Banks Lose Pivotal Case on Mortgage Foreclosures

January 8th, 2011 Comments off

Massachusetts’ top court rules U.S. Bancorp and Wells Fargo cannot foreclose two properties because papers don’t prove they owned the mortgages. Bank stocks fall on prospect other states will follow
BusinessWeek.com — Finance