Nationwide in profit surge May 25, 2011 Nationwide, the country’s biggest customer-owned financial services group, posted higher underlying profits on Wednesday, helped by lower bad debt charges, and said it was well-placed for future growth. Nationwide said its underlying profits had risen 30 per cent from last year to £276m, and that charges for loans that have gone sour fell 35 per [...]
Nationwide in profit surge May 25, 2011 Nationwide, the country’s biggest customer-owned financial services group, posted higher underlying profits on Wednesday, helped by lower bad debt charges, and said it was well-placed for future growth. Nationwide said its underlying profits had risen 30 per cent from last year to £276m, and that charges for loans that have gone sour fell 35 per [...]
House prices rise for third month November 29, 2011 House prices edged up in November, beating expectations and despite a weak economy, but activity remains subdued and prices are more likely to dip in the next 12 months, mortgage lender Nationwide said. House prices rose 0.4 per cent from October on a seasonally adjusted basis, their third straight monthly increase, a Nationwide survey showed. [...]
Property cash flocks to uni halls January 2, 2012 Investors at home and abroad have committed £840m to UK student accommodation projects in the last year, compared with £770m in 2010, as property developers look to cash in on the soaring number of overseas students. Research by real estate adviser CBRE suggests that last year’s hike in university tuition fees has led to a [...]
Possibilities for new companies abound even in troubled times February 26, 2012 TIMES are undeniably tough for many people in the UK, with living standards daily eroded as we pay the price for the malinvestments of our credit-fuelled boom. However, as bad as things are, hope springs eternal in the minds of British entrepreneurs – as it must. Although Investec’s recent Entrepreneur Confidence Index reveals that only [...]
NEWS IN BRIEF February 5, 2012 TAXED ON TIME According to HM Revenue and Customs (HMRC), this year saw a record 9.45m self assessment tax returns filed on time, with a record 7.65m filed online. This means that 90.4 per cent of taxpayers met the deadline – an increase of 4 per cent on last year and the highest on-time filing [...]
UK manufacturing sector growth slows March 1, 2012 Britain’s manufacturing sector grew in February, albeit at a slower pace than in the previous month, raising chances the sector will be a driver of growth for the overall economy in the first quarter. The Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) ticked down to 51.2 from a slightly downwardly revised 52.0 in January, which was [...]
FTSE 100 dragged lower as fears of fresh slump weigh on bank shares March 29, 2012 HEIGHTENED worries over global economic growth, after more disappointing data from America and the UK, dragged Britain’s leading shares lower yesterday, with energy and banking stocks taking the biggest hit. The FTSE 100 index closed down 66.96 points or 1.2 per cent at 5,742.03, extending its falls into a third straight session and reaching a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 11, 2012 FINANCIAL TIMES BANK OFFERS TRADES FOR EUROZONE SHORTING Credit Suisse is offering its hedge fund clients off-the-shelf products that allow traders to replicate hypothetical gains made by betting against European stock indices that include equities covered by Eurozone short selling bans. The bank has made five shortable baskets “optimised” to track leading European indices as [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 11, 2012 FINANCIAL TIMES BANK OFFERS TRADES FOR EUROZONE SHORTING Credit Suisse is offering its hedge fund clients off-the-shelf products that allow traders to replicate hypothetical gains made by betting against European stock indices that include equities covered by Eurozone short selling bans. The bank has made five shortable baskets “optimised” to track leading European indices as [...]