US new home sales plunge to record low March 23, 2011 New US single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, in signs of a deepening housing market slide. Sales dropped 16.9 per cent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, after an upwardly revised 301,000-unit [...]
US new home sales plunge to record low March 23, 2011 New US single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, in signs of a deepening housing market slide. Sales dropped 16.9 per cent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, after an upwardly revised 301,000-unit [...]
Vincent Tchenguiz interview: the Mayfair tycoon fighting to clear his name June 3, 2011 An afternoon with Vincent Tchenguiz, the property tycoon fighting to clear his name of fraud allegations linked to the collapse of Icelandic bank Kaupthing, makes you realise why cases like this take a team of accountants years to unravel. For nearly 90 minutes, I’m bombarded with figures and facts, allegations and claims. At one point [...]
Getting Olympic rental prices for your home April 7, 2011 JUST 476 days until the Olympics, reads the countdown clock in Trafalgar Square. It heralds the flood of millions of people into the city to watch the games. Preparations are already underway: the Tube is being renovating stadiums are being built and hotels are hiking their prices. If you’re looking at all this and wondering [...]
Businesses can’t blame it all on weatherman January 30, 2011 WON’T blame it on myself, I’ll blame it on the weatherman”. So sang rubbish Irish girl group B*Witched in their 1999 number one hit. Over a decade later business leaders are following their lead. In December it snowed in the UK. In January we heard that people bought fewer Airfix models and drank less beer. [...]
Why premiums will keep falling despite the New Zealand quake February 27, 2011 THE earthquake that devastated Christchurch in New Zealand last week also shattered insurance companies’ hopes of a quieter year for disasters than 2010. The quake, which has claimed more than 100 lives and devastated historic and commercial city centre buildings, may cost the industry $12bn – more than double the $5.5-6bn insured cost of the [...]
Big test for England centres February 24, 2011 FRANCE boss Marc Lievremont has aimed a few shots across the bows by accusing the English of arrogance ahead of tomorrow RBS 6 Nations match, but the players know that’s all just hype. They’re also accustomed to it; whenever they pull on the shirt and no matter who they’re playing the opposition want to rip [...]
THE TIPSTER January 11, 2011 EURO-sterling has been under relentless pressure since the turn of the year, dropping over 3 per cent in the first week of the New Year. Support was found yesterday around £0.8290, but the bounce thus far has been less than convincing and the support level looks set for a re-test. If support at £0.8290 fails, [...]
THE TIPSTER January 24, 2011 THE improving risk appetite and the prospect of better yields on cash deposits threaten to create a top for precious metal prices. So the question is can gold re-test the $1,400/oz level in the near term? The current IG Markets price on spot gold is $1,350.25-$1,350.75. Kesa Electricals, the parent company of the electrical retailer [...]
THE TIPSTER January 24, 2011 THE improving risk appetite and the prospect of better yields on cash deposits threaten to create a top for precious metal prices. So the question is can gold re-test the $1,400/oz level in the near term? The current IG Markets price on spot gold is $1,350.25-$1,350.75. Kesa Electricals, the parent company of the electrical retailer [...]