WHAT THE OTHER PAPERS SAY THIS MORNING October 31, 2010 THE SUNDAYS The Sunday Telegraph MAUDE DEMANDS SERCO ANSWER Serco is to be ordered to explain to the government why it took the highly unusual step of writing to its leading suppliers to demand that they pay a blanket 2.5 per cent “cash rebate” on their work this year or risk losing future contracts. Serco, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 2, 2010 FINANCIAL TIMES ITV BLAMES REGIME FOR NEED TO CHASE RATINGS ITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 2, 2010 FINANCIAL TIMES ITV BLAMES REGIME FOR NEED TO CHASE RATINGS ITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into [...]
New buyers gain in slump November 8, 2010 A SLOWDOWN in the housing market could tempt first-time buyers to take their first step onto the property ladder over the coming year, new research has shown. Around 26 per cent of people who intend to buy a home will be doing so for the first time, up from a low of 22 per cent [...]
PROPERTY NEWS November 18, 2010 RENTS ON THE RISE Rents rose for the ninth consecutive month in October to £691 while tenant arrears fell significantly for the second month in a row, according to the latest buy-to-let index from LSL Property Services. Unpaid rent totalled £221m, down from £229.3m in the previous month. This accounted for just 9.3 per cent [...]
Home repossessions tumble November 11, 2010 THE number of homes repossessed by lenders in Britain fell to a two and a half year low in the third quarter, data showed yesterday, but courts issued more orders to reclaim homes, suggesting there may be a rise ahead. Figures from the Council of Mortgage Lenders showed that 8,900 homes were repossessed in the [...]
PERSONAL FINANCE NEWS November 4, 2010 BRITS DON’T LIKE TO QUEUE ANY MORE British people are no longer as willing to patiently queue, according to research published today by the Payments Council. In fact, the average British adult can stand just 10 minutes and 42 seconds of waiting before getting frustrated. 83 per cent of people now turn to virtual alternatives [...]
Commerzbankmisses target as losses leap November 8, 2010 Germany’s second-biggest lender Commerzbank missed forecasts for third-quarter profit yesterday as losses on commercial mortgages and the costs of integrating Dresdner Bank offset strong corporate lending. Third-quarter net profit of €113m (£97.5m) was below the €164m average estimate in a analyst’s poll, though Germany’s economic rebound turned it round from a loss of more than [...]
Twenty per cent off property in paradise November 18, 2010 IT FEELS wrong to be delighted by the financial crisis, doesn’t it? But if you were reclining on a sun-lounger in 30°C heat with a sparkling ocean stretching out in front of you, it would be difficult not to. Especially if you had managed to buy a Caribbean dream home on the cheap. The numbers [...]
UK recovery confounds City experts December 1, 2010 FAR from slowing down, Britain’s recovery is intensifying. Yesterday’s economic data was remarkably good, with the purchasing managers’ index (PMI) suggesting that manufacturing is now growing at its fastest rate since 1994. Manufacturing accounts for under nine per cent of UK employment but remains vital to exports, despite the growth in recent years of financial [...]