Mortgage approvals rise in March May 2, 2012 Mortgage approvals for home loans in Britain rose unexpectedly in March, suggesting the housing market continued to recover despite the end of a tax exemption for first-time buyers, Bank of England data showed. The bank said mortgage approvals climbed to 49,860 in March from 49,029 in February, confounding analysts’ forecasts for a fall to 48,000. [...]
Mortgage approvals rise in March May 2, 2012 Mortgage approvals for home loans in Britain rose unexpectedly in March, suggesting the housing market continued to recover despite the end of a tax exemption for first-time buyers, Bank of England data showed. The bank said mortgage approvals climbed to 49,860 in March from 49,029 in February, confounding analysts’ forecasts for a fall to 48,000. [...]
SAFRA’S JEWELS HEAD FOR THE AUCTION BLOCK March 29, 2012 JEWELS for Hope is the name of a collection of jewels being put up for sale at Christie’s by Lily Safra, the widow of Edmond Safra. Edmond, a Lebanese-born billionaire and banking scion who owned Republic National Bank of New York, died in a mysterious fire in his penthouse flat in Monaco in December 1999. [...]
SAFRA’S JEWELS HEAD FOR THE AUCTION BLOCK March 29, 2012 JEWELS for Hope is the name of a collection of jewels being put up for sale at Christie’s by Lily Safra, the widow of Edmond Safra. Edmond, a Lebanese-born billionaire and banking scion who owned Republic National Bank of New York, died in a mysterious fire in his penthouse flat in Monaco in December 1999. [...]
Home Retail profit slumps by 60pc May 2, 2012 Home Retail, the country’s biggest household goods retailer, posted a 60 per cent slump in year profit and axed its final dividend as its cash-strapped consumers bore the brunt of the economic downturn. The owner of catalogue-based Argos stores and the Homebase do-it-yourself chain said on Wednesday it remained cautious about the consumer outlook and [...]
Home Retail profit slumps by 60pc May 2, 2012 Home Retail, the country’s biggest household goods retailer, posted a 60 per cent slump in year profit and axed its final dividend as its cash-strapped consumers bore the brunt of the economic downturn. The owner of catalogue-based Argos stores and the Homebase do-it-yourself chain said on Wednesday it remained cautious about the consumer outlook and [...]
The Man from Del Monte plans a £500m resources cash shell May 13, 2012 A SOUTH African businessman dubbed the Man from Del Monte wants to create a stock market cash shell to buy resources or consumer goods companies. Vivian Imerman is leading the investment team for acquisition vehicle Sacoven. The firm intends to target oil, mining or consumer goods firms worth between £200m and £500m, according to documents [...]
WALL ST THE WEEK AHEAD July 15, 2012 INVESTORS are looking at an onslaught this week. If it’s not corporate earnings, it’s Ben Bernanke talking about economic issues before Congress. Recent warnings from a number of companies, including chipmaker Advanced Micro Devices, helped drag the S&P 500 lower for six straight days before a Friday rebound. The S&P 500 and Dow erased losses [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 8, 2012 FINANCIAL TIMES Mobile operator stops insurance sales A sharp rise in fraudulent claims has pushed UK mobile phone network 3 to stop selling insurance, an unusual move underscoring the scale of customer deception facing mobile operators. Strathclyde in elected Lords warning An elected House of Lords could become more “aggressive”, frustrate key pieces of legislation [...]
US recovery stumbles on jobless jump April 19, 2012 NEW jobless benefit claims in the US were higher than expected last week, official data showed yesterday, while manufacturing activity slowed in April for the first time in five months. Initial jobless claims fell to 386,000 in the week to 14 April, from an upwardly revised 386,000 in the previous week and higher than the [...]