WHAT THE OTHER PAPER SAY THIS MORNING October 25, 2009 THE SUNDAYSThe Sunday TelegraphHOUSEHOLDS LOSE 13PC OF WEALTHThe huge impact of the economic turmoil on the British public has been revealed by new figures that show household wealth in Britain fell by £844bn between 2007 and 2008, driven by sharp falls in house prices and the collapse of the stock market. It is expected to [...]
WHAT THE OTHER PAPER SAY THIS MORNING October 25, 2009 THE SUNDAYSThe Sunday TelegraphHOUSEHOLDS LOSE 13PC OF WEALTHThe huge impact of the economic turmoil on the British public has been revealed by new figures that show household wealth in Britain fell by £844bn between 2007 and 2008, driven by sharp falls in house prices and the collapse of the stock market. It is expected to [...]
Oil and drugs dominate in UK as third quarter results begin October 25, 2009 FOCUS will turn away from economic data and bank profits this week, with the spotlight now on oil titans, who will dominate the corporate reporting this week. FTSE 100 life assurance group Friends Provident kicks the week off today with a trading update, but industry giants BP, BG Group and Shell will be the big [...]
Bankers grab luxury homes October 22, 2009 IN a fresh sign that bankers are feeling comfortable enough to splash the cash, enquiries for prime properties in Kensington and Chelsea have jumped in recent weeks, according to estate agents Knight Frank. Goldman Sachs was recently under the spotlight for awarding its 30,000 staff £500,000 each in bonuses, with some top traders set to [...]
Axa looks to offload its stake in Chinese Taikang Life arm October 22, 2009 FRENCH insurer AXA has started the ball rolling on a Chinese asset sale that could raise as much as $1bn (£604m). Axa will sell the 15.6 per cent Taikang Life Insurance Company stake it took on when it bought Swiss group Winterthur in 2006. The group has enlisted US investment bank Morgan Stanley to advise [...]
A helping hand to lift you on to the property ladder October 22, 2009 GETTING on the property ladder is notoriously difficult in London. But if you’re one of the thousands of young professionals earning a decent salary – but still not able to fork out the post-credit crunch minimum deposit of 20 per cent in order to attain a mortgage- then you may have more options than you [...]
Federal Reserve’s Beige Book reports small improvements October 21, 2009 US economic conditions stabilised or improved modestly in most parts of the country, according to a Federal Reserve report yesterday that suggested the economy was slowly clawing out of a recession. In its “Beige Book” of anecdotal reports on the economy, which was based on information collected before 13 October, the central bank noted improvement [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 21, 2009 FINANCIAL TIMES MACQUARIE MOVING TO DRAPERS GARDENSMacquarie has agreed a deal to occupy one of the largest developments in the City of London, raising expectations of a surprise shortage of new office space in the Square Mile. The Australian financial group will move into the majority of the Drapers Gardens scheme near the Bank of [...]
House sales up, says taxman October 21, 2009 HOUSE sales in the UK lifted over the summer despite the downturn, according to figures released yesterday by HM Revenue & Customs (HMRC). Sales of residential properties costing more than £40,000 rose from 80,000 in August to 82,000 in September. And sales in the three months to the end of September were 11 per cent [...]
US housing results bring down stocks October 20, 2009 US stocks retreated from 12-month highs yesterday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar. New construction of US homes rose less than expected in September and US producer prices posted an unexpected decline, both pointing to an anemic economic recovery. DuPont [...]