WHAT THE OTHER PAPERS SAY THIS MORNING August 16, 2010 FINANCIAL TIMES TOUGH TARGETS FOR BENEFIT REFORMS The Treasury has required Iain Duncan Smith, work and pensions secretary, to find about £5 of savings for every £1 he spends to simplify the benefits system, setting tight financial conditions on dramatic reforms. The fiscal parameters mark an uneasy truce in a cabinet row that gives Mr [...]
Housebuilder shows profit turnaround August 3, 2010 HOUSEBUILDER Taylor Wimpey swung back into profit over the first half of the year, helped by an improving outlook for the property sector and a determined cost cutting drive. Taylor Wimpey, the second largest homebuilder by volume in the UK, posted a pre-tax profit for the six months to 4 July of £19.6m. That compared [...]
Housebuilder shows profit turnaround August 3, 2010 HOUSEBUILDER Taylor Wimpey swung back into profit over the first half of the year, helped by an improving outlook for the property sector and a determined cost cutting drive. Taylor Wimpey, the second largest homebuilder by volume in the UK, posted a pre-tax profit for the six months to 4 July of £19.6m. That compared [...]
CITY VIEWS: SHOULD INTEREST RATES RISE? July 15, 2010 JAQUES VANZYL ALLIED WORLD ASSURANCE “At the moment I’m happy with the current rate. I have a flexible rate on my mortgage so my payments are very low. On the other hand, we also have savings and they have taken a hit, so it’s a bit of a conundrum. I’m looking for a fixed rate [...]
SELLING August 26, 2010 MANAGING DIRECTOR, PROPERTY HUNT Q.Dear Russell, with property prices projected to fall and interest rates forecast to rise, should I buy? A.As with anything to do with property, it is all about timing. The latest surveys – whether they are from the major lenders, the high-street banks or the online property portals –are all pointing [...]
BUYING September 16, 2010 MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, there has been a fair amount of negative news in the papers relating to property prices. Do you think prices are going to crash again like they did in 2008? A.With so much conflicting data and house price indices, trying to determine what is happening with house prices [...]
Don’t fritter away your cash on gratuitous advice fees September 9, 2010 MANY a City worker spends her hours turning over millions for institutional or super-rich private clients as a matter of course. But when it comes to managing one’s personal wealth, the right strategy can seem far less clear. The perceived security of an independent financial advisor (IFA) can seem appealing, but the fees of the [...]
Don’t fritter away your cash on gratuitous advice fees September 9, 2010 MANY a City worker spends her hours turning over millions for institutional or super-rich private clients as a matter of course. But when it comes to managing one’s personal wealth, the right strategy can seem far less clear. The perceived security of an independent financial advisor (IFA) can seem appealing, but the fees of the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 19, 2010 FINANCIAL TIMES ACCOUNTING ISSUES MAR CONNAUGHT SELL OFF PLANS Accountancy issues at Connaught are expected to have affected more than just the beleaguered property service group’s social housing maintenance division, according to people familiar with the matter. The development may affect the ability of Connaught to sell off parts of its business, which is one [...]
Fabulous Fabrice Tourre set for a fight to clear his name July 18, 2010 FABRICE Tourre, the man named in the SEC allegations of fraud against Goldman Sachs, is today expected to file a defence document in court insisting that he will continue to fight to clear his name. Tourre’s decision comes in spite of Goldman’s move last week to reach a settlement with the regulator, under which it [...]