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Post Office travel products have always given its customers a sense of security when they travel. Its travel insurance, travel money card, travel money and passport check and send services have been trusted by travelers worldwide. Now Post Office is giving its customers a chance to win a Virgin Holiday to Antigua.

Yes Post Office is planning to send its customers who choose any of its travel products to a holiday in Antigua. 2 lucky Post Office customers will be entitled to enjoy an all expense paid trip to Antigua worth £6,000 each. The holiday trip will be inclusive of air tickets by Virgin Atlantic and the hotel accommodation in the mesmerizing Blue Waters hotel. The winners will also be insured for the trip by Post Office Travel insurance. The goodies do not end here; they will also be given £500 as spending money with which they can shop till they drop. Post Office is in the mood to pamper its customers and is leaving no stone unturned in this process. There are also loads of other prizes like MP3s and beach towels to be won.

Entering the league to grab the Virgin Holiday to Antigua and other prizes is simple. Simply purchase any of the Post Office travel products. Once the purchase is done a unique entry code will be provided, this entry code needs to be redeemed at postcardparadise.co.uk. Once this is done the concerned person will be eligible to enter the lucky draw and win. If you are willing to buy foreign currency exchange for you travel then get some competitive Post Office Exchange rates online .

Holidays are fun and if they are all expense paid then you cannot ask for anything more. Post Office is making this a reality and giving its customers a chance to experience the luxury of a lavish holiday.

The current fiscal threats looming over European economy has almost every country in its grip and Spain is one of the countries which is fearing yet another fiscal crisis in the wake of a sluggish economic recovery.

The investors are looking sceptical and even withdrawing their investments and selling their stakes in the economy. The major challenge that lies ahead for the Spanish economy is to maintain or rather boost investor confidence.

Last month an auction of the Spanish Treasury bills of 12 months and 18 months was held and the Spanish government managed to raise an amount of $ 6.4 billion through investments in these bills. Spanish Government has also increased the rate of interest receivable on these bills. The economists are of the view that this increase in interest rates is going to cost the Spanish Economy as the financing of these bills will become a trouble for the government.

If things go on like that, then Spain would probably become the second country to avail help from the European rescue fund that has been set up by International Monetary Fund. Greece was the first country to avail help from the fund. In fact the fund was set up after Greece applied for help.

If things go on like that, then it will become very difficult to save Spanish Corporate organisations but this is not to say that the country is insolvent. The only reason because of which Greece faced insolvency earlier this year is that it could not generate the cash required to maintain the regular economic activity.

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Previous Post: Dividend Payments Fell for First Quarter

Capita registrars noticed that British companies paid out less dividends for the first quarter this year when compared to previous year. The total amount paid as dividends in UK was £13.6 billion this was less by 2.5% to previous year. A lot of big companies reduced their payouts. HSBC cut £670 million and BP and Shell paid £330 million less. Experts say the recovery of dividends will take longer time. AS per Capita Registrars this year has seen the lowest rate of decline in dividends since the recession began. This year 186 companies paid dividends for the first quarter whereas a year ago just 161 companies paid dividends. 102 companies increased payments whereas 56 cut or canceled dividends. The low percentage of dividends may also be due to a number of factors for instance Cadbury paid a £133 million dividend before being taken over by Kraft Foods and Unilever switched to quarterly and paid out £240 million for first quarter. Capita Registrars feel it could be that small companies would have made their payments to beat the tax hike as the high earner tax is 50% with effect from April 6. As per Capita Registrars The one-offs, dividends were down 7% in the quarter. Blue chip companies payments were down by 8% while midcaps paid 2% more.

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Next Post: Fear shrouds Spanish Economy

Previous Post: Number of Unemployed People Rises to 2.5 Million In UK

As per the official figures by the Office for National Statistics the number of unemployed people rose to 2.5 million from 43,000 during December 2009 and February 2010.

The figures are shocking and highest ever since 1994. The rate of unemployment is at 8% which is the highest since 1996.

On the contrary the number of people who claimed unemployment benefit fell in March by 32,900 to 1.54 million.

A large number of youth is currently in the jobless people category. 929000 people in the age group of 16 to 24 years were jobless from December to February. 396,000 people over the age of 50 were unemployed during the same period.

There was also a rise in the number of people classed as economically inactive ie out of work and not seeking work. Such people rose by 110,000 to a total of 8.16 million, equal to 21.5% of total population.

The reason for large number of youngsters without work was because their interest in further studies over finding jobs.

Though the economy is on its way to recovery the high rising unemployment figures indicate economy is no longer dependent on job growth. Some experts however feel that this period is the best time for the labour market.

The ONS figures also showed rise in wages of the people who are employed. The average weekly earnings also rose by 2.3% from December to February compared to the condition one year before.

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A new sector is seeing growth which can be a good option for investors to get good returns. The health care industry and renewable energy are upcoming sectors which will see immense growth.

Due to global warming and other climatic threats the world is looking out for natural and less energy consumption options. A lot of companies are conducting research on renewable energy sources and coming up with efficient and energy saving applications. Investing in such companies is a safe option as such companies are backed by advanced technology and are well positioned geographically.

Even the healthcare segment is witnessing a boom of innovations. The baby health industry will forever survive, population control, rising number of heart patients and other critical illnesses need a lot attention. A lot of companies are building up healthcare sector with cutting edge technology and are helping cure a lot of problems. Such companies are soaring fast and are safe for investments in the long run.

Both of the above sectors are private and will see high growth as per experts. The pharmaceuticals, medical device suppliers and renewable energy using appliances are need of the hour. Most of the people are surviving on medicines for ailment cures and the rising temperatures worldwide will soon make use of renewable energy a necessity.

Investors usually go for long term investments and therefore think a lot about the growth and development of the sectors in which they are planning to invest. Rebnewable energy and healthcare sectors are sure to catch their attention in future.

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According to major UK banks mortgage lending in UK is on a steady rise. Borrowers even continue to pay off loans and overdrafts.

The total percentage of mortgages approved in March rose by 5% as compared to the previous month. As per the British Bankers’ Association the total purchases in March were of 34,905. They further added that low interest rates affected consumer behavior drastically.

There was a 5.7% yearly drop in lending to non-financial companies by major banks. The real estate sector though is facing a high amount of housing demands as people are putting up their homes for sale.

As per British Bankers’ Association (BBA) figures the gross mortgage lending in March – of £8.7 billion was less than the average of the past six months.

The banks are actively encouraging borrowers to use surplus cash to reduce their borrowing. Home owners are exactly doing this by making higher repayments with the extra cash generated from low mortgage rates.

Remortgaging continued to be on a steady rise but at low levels. As per reports 2 year fixed-rate mortgage deals are at their cheapest for 12 months. The interest rates are at 4.36% for a £150,000 repayment mortgage.

Lenders are still lending mortgages at low interest rates as there is a lot of competition, it is better to have customers than having no customers at all because of high interest rates. Financial experts also add that low interest rates affect savings and borrowings which are not secured on homes.

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Mascoma, the developer of advanced methods for making ethanol from wood fiber and other non-edible plant matter, has raised $3.4 million toward a $10 million round of convertible debt financing.

This is not the first time Mascoma has managed to make so much money, previously it raised at least $81 million in venture financing along with a $20 million deal with the state of New York to build a demonstration plant in Rochester and $26 million in U.S. Department of Energy financing to build a plant in Michigan.

Mascoma raised the new funds from a group of 10 separate investors which they are not identifying. The company’s past venture and strategic investors include Atlas Venture, Flagship Ventures, General Catalyst Partners, Khosla Ventures, Kleiner Perkins Caufield & Byers, General Motors, Marathon Oil Co., Pinnacle Financial Partners, and Vantage Point Venture Partners.

Mascoma bagged a $15 million grant from the Michigan Economic Development Corporation in June 2008 to build a cellulosic ethanol plant in Kinross in Chippewa County. The state later added another $8.5 million for the plant. It s expected to create employment for 50 to 70 people and be operational by 2012.

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