LONDON, 18th May 2012: Savvy savers are going back to basics to set aside more money for a rainy day, with a projected 2.5 million[1] new savers collectively depositing an estimated £370 million[2] over recent weeks, according to the first GE Capital Direct Savings Census. The figures indicate the promising return of a UK savings culture, against a backdrop of economic uncertainty for households across the UK.
- Accompanying research shows UK savers are cutting back on discretionary spending and saving more
LONDON, 16th May 2012: GE Capital Direct, a new UK-based online savings bank launches today, offering a choice of simple, safe and secure savings accounts for UK savers. The bank provides an alternative to traditional high street banks, catering for consumers across the UK looking for a convenient and trusted home for their savings.
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GE announced first-quarter 2012 Operating Earnings of $3.6 billion, or $0.34 per share, up 1% and 3% respectively from the first-quarter of 2011.
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London, 12 April 2012: GE Capital today announces that it will provide a £2.5m financing facility to Hertfordshire based jewellers Brown & Newirth® to support the company's future growth plans.
Established in 1967, Brown & Newirth® is a leading designer, manufacturer and supplier of hand-made wedding, engagement and eternity rings.