Weale grants backing to QE October 9, 2011 SENIOR official Martin Weale launched a valiant defence of the Bank of England’s latest dose of quantitative easing yesterday, arguing that the move would not push up inflation without helping growth. Yet the Bank’s former leading hawk, Andrew Sentance, attacked the move dubbed QE2, and said the institution’s credibility was at risk. “One of the [...]
Weale grants backing to QE October 9, 2011 SENIOR official Martin Weale launched a valiant defence of the Bank of England’s latest dose of quantitative easing yesterday, arguing that the move would not push up inflation without helping growth. Yet the Bank’s former leading hawk, Andrew Sentance, attacked the move dubbed QE2, and said the institution’s credibility was at risk. “One of the [...]
Yahoo suffers after chief’s exit but Intel upbeat over UK October 18, 2011 YAHOO last night paid the price for a summer of discontent and weak online advertising as it reported a third quarter slump. Profits for the quarter, the last under chief executive Carol Bartz, who was fired in September, fell 26 per cent to $293m (£186.57m), or 23 cents per share. Net revenue, which excludes fees [...]
House prices edge up in a soft market November 1, 2011 HOUSE prices nudged up last month, beating expectations for no change, driven by sales in more affluent areas, data from mortgage lender Nationwide showed yesterday. House prices rose 0.4 per cent in October having risen 0.1 per cent in September, pushing them 0.8 per cent higher than a year ago, the first time annual house [...]
D-DAY FOR EUROZONE October 25, 2011 EUROPE’S leaders are grappling to find a solution to the debt crisis by the end of today, their latest self-imposed deadline. Jittery markets nose-dived yesterday after news broke that a meeting of Eurozone finance ministers – known as Ecofin – had been cancelled. Confusion over the announcement led to false rumours that the whole crisis-tackling [...]
Santander: We can meet capital requirements without cutting divi October 27, 2011 Spanish bank Santander saidit would meet new Europe-wide capital requirements without carrying out a capital increase and without cutting dividends. The euro zone’s largest bank said it aimed to reach 10 percent core capital by June 2012, up from 9.42 per cent at the end of the third quarter. A mark to market of its [...]
A week full of stock results: what to watch October 10, 2011 TO say we live in interesting economic times would be an understatement. Confidence is low and money is tight. And retail stocks often show investor nerves more prominently than other markets. But it isn’t all bad news: volatility in the market can serve to make the life of the spread better more exciting. So with [...]
PM hit by row over debts on credit cards October 5, 2011 DAVID CAMERON was forced to hastily redraft parts of his conference speech yesterday, after he was widely criticised for pre-released extracts that called on Britons to repay their credit card debts. “The only way out of this crisis is to deal with your debts. That means households – all of us – paying off the [...]
Energy hikes lead inflation rise in OECD September 6, 2011 SOARING energy and food prices are hitting consumers across the developed world, claim figures out today. Data from the Organisation for Economic Cooperation and Development (OECD) show consumer price index (CPI) inflation increased to 3.1 per cent across all items in the 12 months to July. That is up slightly from three per cent the [...]
FTSE falls as Eurozone fear factor hits banks November 15, 2011 The FTSE edged down this morning, mirroring weaknesses in Asia, as rises in bond yields in Spain and Italy heaped more pressure on markets. Italy sold three billion euros of five-year bonds at 6.29 per cent yesterday – a euro-era record. The country’s 10-year bond yields rose to 6.76 per cent, also pushing Spanish 10-year [...]