China Nuclear plans float to fund projects June 6, 2012 CHINA National Nuclear Power Co, the country’s biggest nuclear power developer, plans to raise money to help fund projects worth £17.6bn via what could be one of China’s biggest initial public offerings (IPOs). It did not specify its fundraising target or IPO timing in a statement on the Ministry of Environment Protection’s website, but said [...]
CITY MOVES WHO’S SWITCHING JOBS July 1, 2012 Ogier The legal and fiduciary services group has appointed Aaron Le Cornu as group chief operating officer. Le Cornu joined Ogier in 2009 as group finance director, having spent the previous 10 years at HSBC. Additionally, Jamie Bore has been promoted to group financial director. He joined Ogier in 2009, and previously worked at IFG [...]
FTSE led down by scandal-hit Barclays June 28, 2012 The FTSE 100 slipped this morning as miners dipped and Barclays was dented by the Libor scandal while it was confirmed that the UK had lurched back into recession. Britain’s economy shrank by 0.3 pe rcent during the first three months of this year, official data confirmed, leaving the nation in its second recession in [...]
FTSE led down by scandal-hit Barclays June 28, 2012 The FTSE 100 slipped this morning as miners dipped and Barclays was dented by the Libor scandal while it was confirmed that the UK had lurched back into recession. Britain’s economy shrank by 0.3 per cent during the first three months of this year, official data confirmed, leaving the nation in its second recession in [...]
Supermarkets cut fuel prices as battle at the pumps intensifies June 11, 2012 SAINSBURY’S and Asda yesterday fired the latest salvo in a fuel price war among supermarket giants. A fall in global oil prices has triggered the price drops, which have seen the big four supermarkets – Tesco, Asda, Sainsbury’s and Morrisons – fight it out to offer the best deal. Asda said that from today it [...]
Housing gloom grows as Co-op pulls interest only mortgages May 2, 2012 THE CO-OPERATIVE Bank has become the first major lender to pull its interest only mortgages. It said demand for the product had dropped because of falling house prices and “uncertainty” over interest rates. New customers will only be able to take mortgages on a capital and repayment basis from Tuesday. James Hillon, Co-op Bank head [...]
The gold standard gives priceless insights into how to save the euro May 24, 2012 THERE is almost no economic problem for which there is not at least one precedent. Examining precedents can help guide policy makers and their advisers – if they are willing to look. But policy makers trying to deal with the euro crisis have not taken advantage of this opportunity. Many currency unions have been formed [...]
House prices in biggest monthly fall for two years March 29, 2012 House prices suffered their sharpest monthly fall in more than two years in March, as first-time homebuyers braced for the removal of stamp duty exemption, mortgage lender Nationwide said. Nationwide reported one per cent seasonally adjusted fall in house prices on the month, the biggest since February 2010, and a sharp contrast to the 0.3 [...]
End of relief on stamp duty hits UK house prices March 29, 2012 HOUSE prices fell sharply in March, data from Nationwide showed yesterday, as the stamp duty holiday for first-time buyers came to an end. Lending figures from the Bank of England also showed mortgage approvals plunged in February, suggesting the market has slowed further. Prices fell one per cent in March, the first decline in six [...]
House prices rise more than expected March 1, 2012 House prices rose more than expected in February, data from mortgage lender Nationwide showed. Nationwide said that house prices ticked up by a seasonally adjusted 0.6 percent on the month – the biggest rise since April 2010 – and were 0.9 percent higher than a year earlier. That is follows a surprise monthly fall in [...]