More credit for small UK businesses but housing market slump continues January 6, 2011 BANKS are increasing their lending to small businesses and expect to raise the availability of credit in the coming months, a Bank of England report revealed yesterday. Yet demand for mortgages is low and expected to keep falling, according to the credit conditions survey. And fears over falling house prices are preventing some lenders from [...]
More credit for small UK businesses but housing market slump continues January 6, 2011 BANKS are increasing their lending to small businesses and expect to raise the availability of credit in the coming months, a Bank of England report revealed yesterday. Yet demand for mortgages is low and expected to keep falling, according to the credit conditions survey. And fears over falling house prices are preventing some lenders from [...]
Property prices fall 3pc December 13, 2010 ASKING prices for homes in England and Wales have fallen three per cent over the past month to stand just 0.4 per cent higher than a year ago, due to economic uncertainty and low mortgage approvals, according to property website Rightmove. December’s fall follows a 3.2 per cent decline in November, with further drops possible [...]
Property prices fall 3pc December 13, 2010 ASKING prices for homes in England and Wales have fallen three per cent over the past month to stand just 0.4 per cent higher than a year ago, due to economic uncertainty and low mortgage approvals, according to property website Rightmove. December’s fall follows a 3.2 per cent decline in November, with further drops possible [...]
Demand for homes falling, finds survey November 28, 2010 DEMAND for homes fell at the fastest rate for nearly two years last month as buyer confidence dipped, industry figures showed. The number of new buyers registering with agents fell by 4.3 per cent in November, according to the monthly national housing survey from property website Hometrack. The monthly fall was the fifth in a row [...]
FTSE bounces in New Year rally January 4, 2011 POSITIVE economic news from across the globe saw a sharp rise in London stocks, with the FTSE jumping above the psychologically-important 6,000 barrier. It finished the day up almost two per cent at 6,013.87 – its highest close since the start of June 2008. And US markets also reacted positively after being reassured by the [...]
FTSE bounces in New Year rally January 4, 2011 POSITIVE economic news from across the globe saw a sharp rise in London stocks, with the FTSE jumping above the psychologically-important 6,000 barrier. It finished the day up almost two per cent at 6,013.87 – its highest close since the start of June 2008. And US markets also reacted positively after being reassured by 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 [...]
US home sales bounce back, 3rd-quarter GDP raised December 22, 2010 SALES of previously-owned US homes rose in November, offering the latest sign the economy was ending the year on a more solid footing after a sluggish third-quarter performance. The Commerce Department has said the economy grew at an annual rate of 2.6 per cent in the third quarter, a touch above its earlier 2.5 per [...]
Henderson confirms Gartmore takeover talks December 20, 2010 ANGLO-AUSTRALIAN fund management house Henderson Group has confirmed it is negotiating the potential takeover of struggling rival funds firm Gartmore. Gartmore said on Friday it had entered into talks with Henderson on the basis of a proposal priced at “a slight discount” to Gartmore’s closing share price of 98.75p on December 16, valuing the company [...]