UK house prices seen rising August 10, 2009 STRONG growth in buyer enquiries and price expectations improved to their highest level since April 2007, the Royal Institution of Chartered Surveyors (RICS) will reveal today. Their latest market survey showed that only 23 per cent of surveyors reported a fall in house prices over the last three months, taking the net balance to -9 [...]
UK house prices seen rising August 10, 2009 STRONG growth in buyer enquiries and price expectations improved to their highest level since April 2007, the Royal Institution of Chartered Surveyors (RICS) will reveal today. Their latest market survey showed that only 23 per cent of surveyors reported a fall in house prices over the last three months, taking the net balance to -9 [...]
House prices gain in June July 28, 2009 HOUSE prices have risen for the first time month-on-month since January last year, according to the Land Registry’s latest survey. In the latest sign of stability in the housing market, homes in England and Wales rose in value in June by 0.1 per cent to £153,046 on average, the authoritative survey found. The survey said [...]
Strength of Abbey helps Santander to a half-year profit July 29, 2009 SPANISH bank Santander is reaping the benefits from its acquisitions, as the first half attributable profit at its UK operations rose nearly 63 per cent to £790m, from £485m last year. Santander-owned Abbey, including recent purchases Alliance & Leicester and the savings book of Bradford & Bingley, saw a 20 per cent rise in revenues [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2009 FINANCIAL TIMES VODAFONE TO REJIG MOBILE INTERNET STRATEGYVodafone will set out a significant revamp of its services strategy for mobile phones tomorrow as it tries to bridge the gap with global rivals. Vittorio Colao, chief executive, will outline new services that are intended to capitalise on the rising popularity of surfing the internet on mobiles.Some [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2009 FINANCIAL TIMES VODAFONE TO REJIG MOBILE INTERNET STRATEGYVodafone will set out a significant revamp of its services strategy for mobile phones tomorrow as it tries to bridge the gap with global rivals. Vittorio Colao, chief executive, will outline new services that are intended to capitalise on the rising popularity of surfing the internet on mobiles.Some [...]
Lloyds set for fresh round of bad loans July 12, 2009 LLOYDS Banking Group could write off a further £13bn on the loans it acquired from HBOS when it unveils half-year results next month. The bank’s results are likely to show ongoing deterioration on its commercial property, corporate and mortgage loans, analysts at UBS said, warning that writeoffs for the year could reach £20bn. UBS forecast [...]
Bullish HSBC shrugs off rise in bad debts August 3, 2009 HSBC saw first-half profits cut in half in the first six months of the year, as impairments reached $13.9bn (£8.2bn), but signalled that the economic crisis was beginning to ease. Pre-tax profit fell to $5bn, a 51 per cent decline on the $10.25bn earned in the same period of last year, but a marked turnaround [...]
Former broker admits he lied August 6, 2009 A FORMER Credit Suisse broker testified yesterday that he and his former business partner lied to corporate clients and sent them incorrect information in emails to cover up investments in risky debt. In one of the first criminal prosecutions stemming from the credit crunch to go to trial, former broker Julian Tzolov told a jury [...]
Former broker admits he lied August 6, 2009 A FORMER Credit Suisse broker testified yesterday that he and his former business partner lied to corporate clients and sent them incorrect information in emails to cover up investments in risky debt. In one of the first criminal prosecutions stemming from the credit crunch to go to trial, former broker Julian Tzolov told a jury [...]