Housing shortage sends London’s prices rocketing September 18, 2011 ASKING prices have barely moved in the country as a whole, but a lack of new sellers in London pushed prices up this month, according to today’s Rightmove house price index. Prices are up 2.4 per cent month-on-month in the capital, and 7.2 per cent compared with last September. That translates to a cash increase [...]
Housing shortage sends London’s prices rocketing September 18, 2011 ASKING prices have barely moved in the country as a whole, but a lack of new sellers in London pushed prices up this month, according to today’s Rightmove house price index. Prices are up 2.4 per cent month-on-month in the capital, and 7.2 per cent compared with last September. That translates to a cash increase [...]
Irish Nationwide and Anglo Irish behind borrowing spike February 20, 2011 ANGLO Irish Bank and Irish Nationwide Building Society were behind the spike in emergency borrowing from the European Central Bank, as they seek a speedy sale of their deposit books. The two troubled lenders, at the heart of Ireland’s financial crisis, are selling deposits and corresponding assets as part of a wind-down of their operations [...]
UK HOUSE PRICES IN SHARP SLIDE September 1, 2011 HOUSE prices in August fell at their sharpest rate since October 2010. The decline was the first since April, according to figures released yesterday by the Nationwide building society. The country-wide 0.6 per cent drop – a fall of £2,817, taking the average price to £165,914 – makes houses 0.4 per cent cheaper than last [...]
Halfords hit by soaring price of fuel October 6, 2011 A SURGE in petrol prices has further dented sales at Halfords as cash-strapped drivers are forced off the road. The retailer said like-for-like sales fell 2.8 per cent in the 13 weeks to 30 September, compounding a 1.1 per cent drop in the previous three months. Sales of car maintenance products were down 3.3 per [...]
Ventas tie up with Nationwide Health will be largest healthcare REIT in US February 28, 2011 VENTAS has said it will buy Nationwide Health Properties for about $7.4bn in stock, creating the largest healthcare real estate investment trust in the US. Under the terms of the deal, Nationwide Health shareholders will get 0.7866 Ventas shares for each NHP share held. Ventas, which has been on a shopping spree since October last [...]
Building societies hit back over ratings downgrade October 9, 2011 BUILDING societies have hit back after some of the sector’s smaller players came off worst in a mass downgrade of British lenders. The Building Societies Association said the verdict by Moody’s, as part of a downgrade of 12 British institutions, reflected the removal of an implicit guarantee of Treasury support for mutuals in the event [...]
Supermarkets kick off price war over petrol August 14, 2011 TESCO today reduced its fuel prices by up to two pence per litre (ppl). The price cut covers both unleaded and diesel and is in addition to the price cut of up to 1ppl announced earlier in the week. Yesterday Morrisons took two pence off the price of a litre of unleaded and diesel. The [...]
Supermarkets kick off price war over petrol August 14, 2011 TESCO today reduced its fuel prices by up to two pence per litre (ppl). The price cut covers both unleaded and diesel and is in addition to the price cut of up to 1ppl announced earlier in the week. Yesterday Morrisons took two pence off the price of a litre of unleaded and diesel. The [...]
US jobless claims and GDP data improve September 29, 2011 The chances of the US economy averting a new recession have been boosted by claims for jobless benefits falling to a five-month low last week, and economic output growth appearing slightly stronger than estimated in the second quarter. Initial claims for US state unemployment benefits fell 37,000 to 391,000, the Labor Department said, well below [...]