UK tax boost eases deficit as sales rise August 19, 2010 BETTER-THAN-PREDICTED high street sales and unexpectedly low government borrowing figures gave UK markets a late summer fillip yesterday. Shoppers defied talk of weakening consumer confidence to send the nation’s till receipts up 1.1 per cent between June and July, far ahead of the 0.4 per cent rise pencilled in by economists. The Office for National [...]
UK tax boost eases deficit as sales rise August 19, 2010 BETTER-THAN-PREDICTED high street sales and unexpectedly low government borrowing figures gave UK markets a late summer fillip yesterday. Shoppers defied talk of weakening consumer confidence to send the nation’s till receipts up 1.1 per cent between June and July, far ahead of the 0.4 per cent rise pencilled in by economists. The Office for National [...]
Mortgage approvals edge up January 4, 2011 MORTGAGE approvals unexpectedly increased to their largest number in four months in November, the Bank of England revealed yesterday. The Bank also released data on the money supply, with its favoured measure increasing by 0.2 per cent on the previous month, and 3.5 per cent year-on-year in the three months to November. And after a [...]
Mortgage approvals edge up January 4, 2011 MORTGAGE approvals unexpectedly increased to their largest number in four months in November, the Bank of England revealed yesterday. The Bank also released data on the money supply, with its favoured measure increasing by 0.2 per cent on the previous month, and 3.5 per cent year-on-year in the three months to November. And after a [...]
FTSE rebounds as investor confidence returns March 21, 2011 Stocks regained considerable ground today, consolidating their gains this afternoon, as reassuring action in Japan and Libya gave investors confidence. The morning’s announcement of telecoms giant AT&T’s $39bn (£24bn) takeover of Deutsche Telekom’s T-Mobile USA also lifted both the UK and US markets. The FTSE 100 closed up 1.2 per cent at 5,786.09. “Equity markets [...]
Wall St choppy as tech shares decline August 31, 2010 US stocks ended little changed in choppy trading yesterday, closing out an August the bulls would like to forget. Positive data surprises sustained a rally for most of the session, but declines in technology shares capped overall gains. The S&P 500 bounced off the key technical level of 1,040 for the third time in the [...]
Growth slows in parts of US July 28, 2010 Economic growth in parts of the US is at risk of grinding to a halt, heightening fears of a double-dip recession. The Federal Reserve’s latest Beige Book survey, released yesterday, and tracking 12 regions showed growth in Atlanta and Chicago had slowed and Cleveland and Kansas City had held steady. Other regions were described as [...]
Bank of England voted 8-1 to freeze interest rate August 18, 2010 Bank of England policymakers considered the case for both easing and tightening policy this month, before voting eight to one to keep interest rates at a record low of 0.5 per cent, minutes showed. Monetary Policy Committee member Andrew Sentance called for a 25 basis point rate hike for the third month running, minutes of [...]
Hammerson hopes for malls boost August 2, 2010 PROPERTY investor Hammerson is betting on its landmark shopping malls to underpin its rising portfolio value and income levels, as fears of a relapse in global property prices stalk the market. The Anglo-French retail property specialist, which owns or co-owns some of Europe’s most popular shopping centres like Birmingham’s Bullring and Italie 2 near Paris, [...]
NEWS | IN BRIEF June 22, 2010 Petrobras expects tighter rules Petrobras, the world leader in deepwater oil exploration, said yesterday that Brazilian regulators could tighten offshore drilling standards in its home country following BP’s oil spill in the Gulf of Mexico. BP’s Gulf of Mexico spill, which specialists call the worst such oil industry disaster in US history, would probably force [...]