Wall Street flags as debt talks stall July 28, 2011 US stocks faded in the afternoon yesterday to end mostly lower, with investors skeptical a key vote by Congress would lead to a deal to avoid a US default. The S&P 500 fell for a fourth straight day as buyers kept to the sidelines while lawmakers tried to hash out an agreement on the deficit. [...]
Wall Street flags as debt talks stall July 28, 2011 US stocks faded in the afternoon yesterday to end mostly lower, with investors skeptical a key vote by Congress would lead to a deal to avoid a US default. The S&P 500 fell for a fourth straight day as buyers kept to the sidelines while lawmakers tried to hash out an agreement on the deficit. [...]
Optimism of housebuilders is misguided July 5, 2011 PERSIMMON tried to sound an upbeat note yesterday, insisting it expected the housing market to pick up over the rest of the year. We don’t share the housebuilder’s optimism. House prices have been moving sideways for the past six months and mortgage lending remains tight. Would-be first-time buyers, unable to find the 20 per cent [...]
Crisis across the Eurozone is just getting started October 4, 2011 LOOKING at the chaos in the markets and the Eurozone yesterday, it would be tempting to claim that the sovereign debt crisis is nearing its endgame. But that would be the wrong call to make. The crisis is intensifying, obviously, but political incompetence in the European Union, as well as its faulty political institutions, means [...]
Get the skills by signing up to trading school November 8, 2011 WITH the current volatility in the forex markets, many who have been relying on fundamental analysis for their FX trading may find themselves struggling. But fear not. There are trading seminars like this morning’s on binaries from GFT (www.gftuk.com) that can really improve your skills. Here we have a non-exhaustive round up of the offerings [...]
Inflation rises more than forecast August 16, 2011 Inflation ticked up slightly more than expected in July, the Office for National Statistics said, as banks raised fees and retailers had slashed prices in summer sales already in June. Further price increases have been expected by the Bank of England, which sees inflation peaking later this year at five per cent before falling back [...]
Balls: we will use bank sale to plug debt September 25, 2011 ED Balls, the shadow chancellor, will today try to rebuild Labour’s shattered economic credibility by pledging to use any windfall from the sale of the taxpayer’s stake in the banks to repay the national debt. Balls – who has been labelled a “deficit denier” by his opponents in the coalition – is also expected to [...]
PROPERTY NEWS July 28, 2011 FAIRY TALE CASTLE FOR SALE Castello di Scerpena, a five-bedroom mediaeval castle in Tuscany, is now on the market for €16.5m. There are two villas, a guardian cottage, a deer park and 190 hectares of land with 7,000 olive trees attached to the property’s sale. Contact Savills International on 0207 016 3754 or go to [...]
Persimmon sees volumes dip July 5, 2011 HOUSEBUILDER Persimmon said completions and turnover dipped in the first half year-on-year against a backdrop of a stabilising market, while it expects an increase in volumes for the remainder of the year. The York-based builder said it completed 4,439 homes in the six months to end June, against 4,657 in the same period last year. [...]
CITY STAR FORCES UP MAGNIER’S NEXT BID October 5, 2011 HE MAY yet succeed in snapping up Mitchells & Butlers on the cheap, but there were no bargains for racing tycoon John Magnier at the Tattersalls bloodstock auction in Newmarket yesterday. Forcing Magnier’s hand on Lot 35 was Lawrie Inman, the 30-year-old superstar futures trader, whose bid of 500,000 guineas pushed the Irish billionaire into [...]