Property asking prices up March 21, 2011 Asking prices for houses in England and Wales are 0.9 percent higher than a year earlier, a monthly survey by property website Rightmove showed on Monday. March’s annual rate of growth in asking prices picked up from a reading of 0.3 per cent in February. The month-on-month rate of growth, which is subject to seasonal [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 8, 2011 FINANCIAL TIMES UBS FEARS MISSING AMBITIOUS TARGETS UBS bankers have privately conceded that the Swiss financial services group is unlikely to meet ambitious performance targets as it realigns its business in response to new rules on capital. Oswald Grübel, chief executive, surprised analysts last month by maintaining his medium-term goals of SFr20bn (£14bn) in annual [...]
Trading like a robot: looking at spread betting algorithms June 12, 2011 WHEN spread betting, there is always the temptation to break your own rules. Traders often shift stop losses based on the gut feeling that they’re going to see a reversal and recoup their losses, or wait longer than planned before taking profit, wanting to make as much as they can, convinced that the movement still [...]
Spring in the air at Bellway as profits rise March 30, 2011 BRITISH homebuilder Bellway expects its profits this year to grow by a third after a strengthening spring market gave encouragement for an increase in sales. Posting a 26 per cent jump in first-half profits yesterday, the company said site visitors and reservations have returned to the pattern of a “traditional spring market” in spite of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 26, 2011 FINANCIAL TIMES HSBC EMBROILED IN INTERNSHIP ROW HSBC has been accused of nepotism after its legal department implied it offered work experience only to the sons and daughters of its own executives. Richard Bennett, group general counsel, sent a letter rejecting a young woman who had sought unpaid work in his department. “HSBC does not [...]
THE WEEK AHEAD March 20, 2011 COMPANY NEWS ● Campari will be hoping for a good mix of results on Monday. ● On Tuesday, Cairen Energy will announce. The oil and gas exploration and production company will be hoping to strike great results from the rising energy prices. ● The fashion group Inditex will announce on Thursday. ● On Thursday, Resolution, [...]
Gross mortgage lending springs back in March April 20, 2011 MORTGAGE lending bounced back in March from the previous month but is still two per cent lower than a year ago, data from the Council of Mortgage Lenders (CML) showed yesterday. Evidence of a seasonal recovery for the UK’s housing sector is emerging, as gross mortgage lending rose 21 per cent from £9.3bn in February [...]
Gross mortgage lending springs back in March April 20, 2011 MORTGAGE lending bounced back in March from the previous month but is still two per cent lower than a year ago, data from the Council of Mortgage Lenders (CML) showed yesterday. Evidence of a seasonal recovery for the UK’s housing sector is emerging, as gross mortgage lending rose 21 per cent from £9.3bn in February [...]
Bellway sees muted house price rises October 19, 2010 Bellway said the autumn pick up in house sales had been muted, leading the housebuilder to cut its full-year sales target as uncertainty around the government’s spending review crimps confidence. The housebuilder, which posted full-year results in line with expectations, is the first housebuilder to comment on the traditionally active autumn selling period. A stagnant [...]
Housing sales boost bottom line at Barratt February 24, 2010 HOUSEBUILDER Barratt Developments saw its losses narrow in the second half of the year as the housing market showed further signs of finding its feet. Pre-tax losses came in at £178.4m compared to a loss of £594.5m a year earlier. However, it took a £129.9m hit from finance costs following its £720m placing and rights [...]