WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2011 FINANCIAL TIMES CHINESE PREMIER DECLARES VICTORY OVER INFLATION Chinese premier Wen Jiabao has declared victory over domestic inflation, saying that the government has successfully reined in price pressures. “China has made capping price rises the priority of macro-economic regulation and introduced a host of targeted policies. These have worked,” Mr Wen writes in today’s Financial [...]
Toyota pays £21m fine for car recalls December 21, 2010 TOYOTA has agreed to pay the maximum fine of $32.4m (£20.95m) related to two US probes into its handling of a spate of vehicle recalls which hurt sales and tarnished its once impeccable reputation for quality. The settlements conclude a tumultuous year for the world’s largest automaker over the recalls of 11m vehicles in the [...]
Bellway sees higher profit December 7, 2010 BRITISH homebuilder Bellway expects first-half profit to rise up to 20 per cent as it sells houses in more expensive parts of the country. It also said average prices would continue to rise in the second half. Bellway has 3,614 sales secured for this fiscal year, up nearly four per cent, and 400 for the [...]
Bellway December 7, 2010 After a tough autumn for its shares, in part due to the fiscal crunch, Bellway looks well-priced in light of its third-quarter interim statement. Despite the fall in year-on-year unit sales, it beat consensus expectations and analysts are still setting their target price higher than its 612.5p close yesterday. The company has issued guidance suggesting [...]
Global shares up after Greek deal July 4, 2011 World stocks hit a 4-1/2 week high yesterday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China’s growth. Shanghai stocks hit a six-week high after data last week showed Chinese manufacturing growth moderated in June, raising expectations that the economy [...]
Travel firms to target organic growth in 2012 May 30, 2011 THE UK travel industry expects no further growth for this year but has so far shied away from mergers as a way to weather the rocky market. Over half of travel agencies, airlines and cruise companies expect to see no growth in passenger numbers this year, claims research by Barclays Corporate today, while a further [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 2, 2011 FINANCIAL TIMES LLOYDS DROPS MORTGAGE BROKERS OVER SUSPECTED FRAUD Concerns over suspected fraud have prompted Lloyds Banking Group to cull the list of brokers it allows to sell its mortgages. The UK’s largest mortgage lender has removed some 900 individuals over the past four years from its “approved panel” of brokers, including 300 in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 2, 2011 FINANCIAL TIMES LLOYDS DROPS MORTGAGE BROKERS OVER SUSPECTED FRAUD Concerns over suspected fraud have prompted Lloyds Banking Group to cull the list of brokers it allows to sell its mortgages. The UK’s largest mortgage lender has removed some 900 individuals over the past four years from its “approved panel” of brokers, including 300 in the [...]
US recovery still fragile as house prices fall again October 26, 2010 THE US economic recovery is still fragile, according to data published yesterday, which showed house prices fell for the second consecutive month and consumer confidence remained weak. The Standard & Poor’s (S&P)/Case Shiller index of US 20 cities showed property prices fell 0.3 per cent in August. The dip followed a decline of 0.2 per [...]
US home prices down for third consecutive month November 30, 2010 AMERICAN house prices dropped to even lower depths than expected in September, it was revealed yesterday. The Standard & Poor’s/Case-Shiller house price index showed that prices fell in 18 of the 20 cities surveyed. Compared to August the index fell by 0.8 per cent, in spite of August’s rate being revised down to a 0.48 [...]