US new home sales rocket July 27, 2009 SALES of new homes in the US surged to a seven-month high in June, while the inventory of homes for sale fell to its lowest level in more than 11 years, official data showed yesterday, boosting hopes that the US housing market may finally be starting to stabilise. Government figures indicated an 11 per cent [...]
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 [...]
North-South housing price divide widens July 26, 2009 THE chasm between house prices in the north and south of England widened in the month of July despite nationwide figures remaining broadly static, according to the latest Hometrack housing market survey. Overall house prices remained unchanged for a third consecutive month, Hometrack said. But among the 10 per cent of postcodes which did report [...]
North-South housing price divide widens July 26, 2009 THE chasm between house prices in the north and south of England widened in the month of July despite nationwide figures remaining broadly static, according to the latest Hometrack housing market survey. Overall house prices remained unchanged for a third consecutive month, Hometrack said. But among the 10 per cent of postcodes which did report [...]
Jaguar hits 673.4m in losses as it inches towards loan deal July 26, 2009 CARMAKER Jaguar Land Rover (JLR) saw its UK operations tumble to a dramatic loss of £673.4m last year, down from a net profit of £641.5m in 2007. Accounts filed at Companies House show that total recognised losses – which includes money lost on pension schemes – hit almost £1.2bn for 2008. The news of how [...]
Jaguar hits 673.4m in losses as it inches towards loan deal July 26, 2009 CARMAKER Jaguar Land Rover (JLR) saw its UK operations tumble to a dramatic loss of £673.4m last year, down from a net profit of £641.5m in 2007. Accounts filed at Companies House show that total recognised losses – which includes money lost on pension schemes – hit almost £1.2bn for 2008. The news of how [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 22, 2009 FINANCIAL TIMES PORSCHE CHIEF AT RISK IN RESCUEPorsche’s feuding family owners were last night locked in a board meeting trying to hammer out the terms of a rescue of the debt-ridden sports car maker and debating the future of Wendelin Wiedeking, the company’s chief executive. One person close to Porsche said that the prospect of [...]
In a bubbly mood July 22, 2009 BAB – short for “bonuses are back” – has replaced “doh” as the word on the City’s streets, following revelations that bankers raked in end-of-year payouts like the credit crunch was all just a bad dream. But whatever the reality for those outside the gilded top offices of the Square Mile and Canary Wharf, there [...]
In a bubbly mood July 22, 2009 BAB – short for “bonuses are back” – has replaced “doh” as the word on the City’s streets, following revelations that bankers raked in end-of-year payouts like the credit crunch was all just a bad dream. But whatever the reality for those outside the gilded top offices of the Square Mile and Canary Wharf, there [...]