Which asset is the true safe haven? GOLD OR SHARES February 26, 2012 TOM WINNIFRITH WE ARE entering an inflationary environment. This is the 1970s all over again. Across the globe governments are relaxing monetary policy. In China and India this is an attempt to keep their economies growing rapidly. In the West it is a desperate attempt to breathe life into economies which face structural issues no-one [...]
Which asset is the true safe haven? GOLD OR SHARES February 26, 2012 TOM WINNIFRITH WE ARE entering an inflationary environment. This is the 1970s all over again. Across the globe governments are relaxing monetary policy. In China and India this is an attempt to keep their economies growing rapidly. In the West it is a desperate attempt to breathe life into economies which face structural issues no-one [...]
Amlin sells $150m of catastrophe bonds December 23, 2011 Amlin, the biggest listed British insurer in the Lloyd’s of London market, said it sold $150m (£95m) of catastrophe bonds to protect itself against potential losses from US earthquakes and hurricanes and European storms. The bond issue, carried out through Bermuda-based vehicle Tramline Re, is double the $75 million of cover a source said Amlin [...]
Barratt sees return to full year profit July 14, 2011 BARRATT Developments, one of the UK’s largest house builders, said it would return to full-year profit despite market conditions remaining tough. The firm predicted a full-year pre-tax profit of £40m before exceptional items, after a loss of £33m in 2010, meeting market expectations. In its trading statement ahead of its annual results due September, the [...]
Landlords bullish on the future of rental properties June 1, 2011 DESPITE the downbeat outlook on house prices from analysts at Morgan Stanley (see left), UK landlords are increasingly optimistic about their buy-to-let prospects. Forty-nine per cent of landlords think that now is a good time to invest in new properties, according to research by LSL Property Services. Just one per cent are looking at reducing [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 22, 2012 FINANCIAL TIMES EU PLANS RAISE HOME FORECLOSURE RISK UK homeowners could face higher mortgage costs and find themselves at greater risk of foreclosure as early as next year because of an obscure clause in the bank capital directive being worked on by the European parliament. US FUNDS RETURN TO EUROPEAN BANK PAPER US money market [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 22, 2012 FINANCIAL TIMES EU PLANS RAISE HOME FORECLOSURE RISK UK homeowners could face higher mortgage costs and find themselves at greater risk of foreclosure as early as next year because of an obscure clause in the bank capital directive being worked on by the European parliament. US FUNDS RETURN TO EUROPEAN BANK PAPER US money market [...]
Lenders slash mortgage rates to the lowest levels on record June 27, 2011 MORTGAGE interest rates have plummeted to an historic low, as lenders expect the Bank of England to persist with its loose monetary policy. Both tracker and fixed rate mortgages have slipped to their cheapest levels since 1988, when the website Moneyfacts began collecting the data. “An imminent rise in the Bank base rate now appears [...]
Lenders slash mortgage rates to the lowest levels on record June 27, 2011 MORTGAGE interest rates have plummeted to an historic low, as lenders expect the Bank of England to persist with its loose monetary policy. Both tracker and fixed rate mortgages have slipped to their cheapest levels since 1988, when the website Moneyfacts began collecting the data. “An imminent rise in the Bank base rate now appears [...]
Peacocks still searching for white knight January 22, 2012 PRIVATE EQUITY firms and buy-out groups are poised to make a bid for Peacocks, the discount clothing chain, which collapsed into administration last week. Its administrators KPMG will open the data room to Peacocks today, which will allow potential bidders to browse financial and other relevant data on the firm. KMPG expects to receive the [...]