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Bearing up

Many times in the past, I have made reference to the special place that residential property enjoys in the minds of the British. Such is the carnage presently taking place in the housebuilding sector that it is not unreasonable to expect this relationship to break down.

HBOS to axe 650 jobs

HBOS is to axe 650 jobs over the next eighteen months as it combines two of its operations.

Fortis ejects chief executive

Fortis chief executive Jean-Paul Votron has been ousted from the Belgian bank. A statement said the board of directors of Fortis, along with Votron, have decided to terminate his contract “by mutual agreement” and in the interest of the group.

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