Decline in UK house prices slows in June July 8, 2009 BRITISH house prices fell less than expected in June, Halifax’s monthly survey showed yesterday, but the mortgage lender warned that the outlook for the housing market remained uncertain. The Halifax data showed UK house prices falling by 0.5 per cent in June, compared to a 2.6 rise during the previous month. The annual rate of [...]
Persimmon sees an end to housing blues July 7, 2009 HOUSEBUILDER Persimmon yesterday buoyed the battered property sector as it claimed the worst of the housing crisis is over, reporting a surge in volume and revenues over recent months. Persimmon said it had completed 4,006 homes over the six months to end of June, with total sales revenue of around £625m, 37 per cent lower [...]
Persimmon sees an end to housing blues July 7, 2009 HOUSEBUILDER Persimmon yesterday buoyed the battered property sector as it claimed the worst of the housing crisis is over, reporting a surge in volume and revenues over recent months. Persimmon said it had completed 4,006 homes over the six months to end of June, with total sales revenue of around £625m, 37 per cent lower [...]
Strong home sales cheer US investors July 27, 2009 US stocks rose slightly yesterday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week run-up. Upbeat data on new home sales underpinned financial stocks, the session’s strongest sector, and prompted investors to snap up the shares of several regional banks, which had been among the worst hit [...]
Strong home sales cheer US investors July 27, 2009 US stocks rose slightly yesterday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week run-up. Upbeat data on new home sales underpinned financial stocks, the session’s strongest sector, and prompted investors to snap up the shares of several regional banks, which had been among the worst hit [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 28, 2009 FINANCIAL TIMESEDF JOB CREATES A HEADACHE FOR VEOLIAThe board of Veolia Environnement was meeting yesterday evening to weigh up the consequence of the nomination of Henri Proglio, long-time boss of the world’s largest water and waste group as the head of EDF, the French state controlled nuclear operator. Directors have been asked not only to [...]
RSA boosts dividend despite a massive drop in its profits August 6, 2009 RSA INSURANCE yesterday posted pre-tax profits down 24 per cent in the first half of the year, as it unveiled a seven per cent dividend hike that it said underlines its positive outlook. The general insurer, which operates the “More Than” brand in the UK, posted profits of £301m, compared to £395m made in the [...]
Rock suffers on bad debts August 4, 2009 NATIONALISED mortgage lender Northern Rock posted a £724.2m first-half loss yesterday, as the number of bad debts trebled. The bank, taken into public ownership in February last year, wrote down £602.2m in bad loans, up 214 per cent on the £191.6m in writedowns it took in the first half of 2008. The outlook for the [...]
Capital couture sales rocket July 6, 2009 Dior is seeing its London business boom as tourists take advantage of the weak pound. The famous fashion house is experiencing double-digit sales growth in Britain, according to chief executive Sydney Toledano.
The $100m trader in the sights of pay tsar August 16, 2009 British-born Citigroup trader Andrew Hall is fighting to hold on to a $100m (£61m) payout as the US government’s “pay tsar” prepares to cut Wall Street bonuses. The Obama administration’s head of financial services compensation, Kenneth Feinberg, will this week begin to study the pay of the top 25 earners in US banks. One White [...]