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How the cash crisis is affecting the UK

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Post by jackie 46 Fri Oct 24, 2008 1:02 pm

Suspect
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Post by jackie 46 Mon Nov 10, 2008 10:55 am

Some tea bags are so strong you can use one for two cups.
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Post by Tom Mon Nov 10, 2008 10:57 am

Rolling Eyes
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Post by jackie 46 Mon Nov 10, 2008 10:59 am

Saves milk and money.
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Post by Tom Mon Nov 10, 2008 11:00 am

Smile
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Post by jackie 46 Tue Nov 11, 2008 1:29 am

Anyone got a tip on saving money?
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Post by Dave Mercury Tue Nov 11, 2008 8:28 am

jackie 46 wrote:Anyone got a tip on saving money?
Yeah, don't spend it. Wink
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Post by jackie 46 Tue Nov 11, 2008 8:51 am

Knew you were going to say that Dave. Very Happy
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Post by Tom Tue Nov 11, 2008 9:38 am

jackie 46 wrote:Anyone got a tip on saving money?

Charity shops.
Lidl/Aldi.
Smile
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Post by Baz Wed Nov 12, 2008 11:12 am

Whoopsis in Asda.
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Post by jackie 46 Thu Nov 13, 2008 7:21 am

Baz wrote:Whoopsis in Asda.


Exclamation
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Post by Baz Thu Nov 13, 2008 7:22 am

The bit where they reduce all the food. They are known as whoopsis.
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Post by jackie 46 Fri Nov 14, 2008 1:36 am

Baz wrote:The bit where they reduce all the food. They are known as whoopsis.


Strange name to call it.
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Post by Baz Fri Nov 14, 2008 3:14 am

They have a sticker on with "Whoops"!
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Post by jackie 46 Fri Nov 14, 2008 8:04 am

Never seen that but I don't shop at Asda.Will make a mental note if I do pop into an Asda store LOL.
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Post by Tom Fri Nov 14, 2008 8:39 am

Baz wrote:Whoopsis in Asda.

Exclamation
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Post by jackie 46 Tue Nov 18, 2008 10:32 am

A new charity shop is opening up next week going to take a look love bargain hunting,love buying clothes with decent labels Top Shop,Miss Selfridge,New Look Jane Morgan and the list goes on.My size clothes are what teenagers wear so they throw them out weekly most clothes I find still have the original price tag on them.I must post you a few bargains I've got.
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Post by jackie 46 Wed Dec 10, 2008 2:11 pm

WOOLWORTHS will have a final closing down sale tomorrow.
Administrators running the store announced today that everything must go because a buyer has not been found.

Neville Kahn, reorganisation services partner at Deloitte, said: “We continue to make every effort to convert interest in the Woolworths assets into firm offers.

"While we are still seeking bids from interested parties, Christmas is clearly the busiest time of the year for retailers and it is prudent to do all we can to sell existing stock.

"By moving to a store closing sale and further discounting the stock, we are maximising the sales potential that this period offers."

Deloitte, the accountants appointed to the iconic high street retailer last month, will be telling staff they have been “unable to find a buyer”.

The move comes despite a last-ditch effort by Sir Geoff Mulcahy, the retail veteran and former Woolworths owner, to save the brand.

He offered to take on around 650 stores and pay back some of the £385 million debt owed by Woolworths to the banks on Friday.

It is understood he made another offer for 500 stores yesterday afternoon.

Both approaches were rejected.

Deloitte’s move could be to put pressure on any remaining potential bidder to show its hand.

But the Sun understands that dozens more support staff were laid off earlier today. Deloitte axed 450 head office workers last Friday.

The accountants is expected to earn up to £20million in fees from its work at Woolworths.

Yesterday Sir Geoff — chairman of the British Retail Consortium — told the Sun: “You have 25,000 staff at Woolworths and there must be a way of trying to save this business.

“It’s late in the day — but there’s still a possibility. We’re considering a number of options.”

But last night industry sources claimed the tycoon was likely to be disappointed.

Administrators have agreed to sell 50 Woolworths stores to Iceland, the frozen food retailer.

And it is understood there are separate deals in place for a further 350 stores to a range of supermarkets and discount chains.

One insider told The Sun that Entertainment UK — the wholesale CD and DVD arm of Woolworths — would also be liquidated within days.

This will leave up to a dozen of the world’s biggest film and music studios out of pocket.

Microsoft is owed around £26million by EUK, Nintendo an estimated £21million and Paramount £32million.

All EUK’s main customers — Sainsbury’s, Morrisons, Asda and Zavvi — are already sourcing their music and film products from other wholesalers. The insider said: “It’s almost over.”


A closing-down sale offering 50 per cent discounts is still running.

Sir Geoff was part of a consortium that bought Woolworths from its American owners 26 years ago.

He led a three-man management team that ran the business and went on to build Kingfisher — a multi-billion conglomerate owning Woolworths, Comet and B&Q.

Woolworths was then de-merged on to the stock market as a separate business in 2001.

At the time its annual profits were £130million and Sir Geoff said he was “extremely positive” about its growth potential.
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Post by Dave Mercury Thu Dec 11, 2008 7:23 am

The high street and shopping centres won't look the same without Woolies.
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Post by jackie 46 Fri Dec 12, 2008 11:39 am

I'm might go their tomorrow,depends how busy it is.
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Post by Dave Mercury Sat Dec 13, 2008 7:18 am

jackie 46 wrote:I'm might go their tomorrow,depends how busy it is.
They'll have nowt left worth buying.
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Post by jackie 46 Sat Dec 13, 2008 2:26 pm

Went in their nothing much actually stood out,brought 4 table covers pink and flowery 30p each thats my bargain of the day.
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