House prices rise but market remains weak November 1, 2011 House prices rose in October but have fallen slightly over the past three months as difficult economic conditions kept the market under pressure, Nationwide has said. The building society’s house price index showed prices gained 0.4 per cent in the past month – the strongest monthly gain since February, and higher than September’s 0.1 per [...]
House prices rise in August October 11, 2011 House prices rose by 0.6 per cent on a seasonally adjusted basis in August, the biggest rise since March, government data showed. The Department of Communities and Local Government said house prices were 1.3 per cent lower than a year earlier, the smallest annual fall since April, and taking the average price of a home [...]
New York brings BNY Mellon suit October 4, 2011 NEW YORK’S attorney general said yesterday he has filed a lawsuit against Bank of New York Mellon for defrauding clients in foreign currency exchange transactions. Eric Schneiderman said BNY Mellon misrepresented to customers the rates for foreign currency transactions over a 10-year period. He said he is seeking a nationwide recovery of nearly $2bn. New [...]
CITY VIEWS: DO YOU THINK INITIATIVES TO GET MORE WOMEN ONTO UK BOARDS ARE WORKING? October 11, 2011 ANDREW PELL | J CHAHINE CAPITAL “As an asset manager we care about results, whether they’re from women or men. But I don’t think the initiatives that have been put in place are working – there are a lot of scenarios associated with sexism still in place in City companies.” LAWRENCE EDWARDS | LIQUID CAPITAL [...]
Debenhams to create 6,500 Christmas jobs October 10, 2011 DEBENHAMS is to hire an extra 6,500 seasonal staff to cope with the Christmas rush, it said yesterday. The temporary workers will be employed in mid-November and cover the period to the end of the January sales. Retail is the biggest private sector employer in the UK, with around 3m people working in the industry. [...]
House prices fall in August September 1, 2011 House prices suffered an unexpected fall last month, dropping at their fastest pace since October last year, data from mortgage lender Nationwide showed on Thursday, reinforcing the subdued outlook for the property market. Nationwide said that house prices fell by 0.6 per cent in August, reversing a revised 0.3 per cent rise in July, and [...]
Police crush new tent city November 9, 2011 POLICE arrested 24 people yesterday as thousands of tuition fee protesters marched through London, but attempts to set up a new “tent city” were quickly foiled. Widespread violence failed to materialise after the Met swamped the capital with 4,000 officers. Activists were held on suspicion of offences including violent disorder, affray and breach of the [...]
PROPERTY FIRM | OF THE YEAR September 21, 2011 FRANCIS SALWAY LAND SECURITIES As Land Securities chairman Alison Carnwath left the room, the judges voted her company property firm of the year, swayed by its £1.23bn annual profits – a rise of 15 per cent at a time of nationwide uncertainty. SHORTLIST British Land Capital Shopping Centres Hines Heron International
PROPERTY FIRM | OF THE YEAR September 21, 2011 FRANCIS SALWAY LAND SECURITIES As Land Securities chairman Alison Carnwath left the room, the judges voted her company property firm of the year, swayed by its £1.23bn annual profits – a rise of 15 per cent at a time of nationwide uncertainty. SHORTLIST British Land Capital Shopping Centres Hines Heron International
Unison votes in favour of strike action November 3, 2011 MINISTERS renewed their efforts to avert nationwide strike action yesterday after Britain’s biggest public sector union, Unison, said its members had voted in favour of walkouts on 30 November. Unison, which represents 1.1m workers, said the result showed “overwhelming” support for a 24-hour walkout, with 77 per cent of participants voting in favour of a [...]