Ireland is plagued with debt it cannot repay and remains exposed to euro contagion February 16, 2012 FOR many, Ireland is the poster boy for how to deal with a banking crisis. I disagree. Lauded by European governments for its quick decisive actions, Ireland effectively contributed to bailing out the entire European banking system and, in doing so, has left a legacy of bankruptcy that puts huge financial pressure on its citizens [...]
Which asset is the true safe haven? GOLD OR SHARES February 26, 2012 TOM WINNIFRITH WE ARE entering an inflationary environment. This is the 1970s all over again. Across the globe governments are relaxing monetary policy. In China and India this is an attempt to keep their economies growing rapidly. In the West it is a desperate attempt to breathe life into economies which face structural issues no-one [...]
Which asset is the true safe haven? GOLD OR SHARES February 26, 2012 TOM WINNIFRITH WE ARE entering an inflationary environment. This is the 1970s all over again. Across the globe governments are relaxing monetary policy. In China and India this is an attempt to keep their economies growing rapidly. In the West it is a desperate attempt to breathe life into economies which face structural issues no-one [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 26, 2012 FINANCIAL TIMES OUTSOURCER SERCO TO CUT 500 JOBS Serco, the FTSE 100 outsourcer, is to overhaul its management structure, axeing at least 500 jobs, as it adapts to tougher market conditions in the UK, according to people close to the company. The group, which runs services including London’s bicycle hire scheme and four prisons, is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 26, 2012 FINANCIAL TIMES OUTSOURCER SERCO TO CUT 500 JOBS Serco, the FTSE 100 outsourcer, is to overhaul its management structure, axeing at least 500 jobs, as it adapts to tougher market conditions in the UK, according to people close to the company. The group, which runs services including London’s bicycle hire scheme and four prisons, is [...]
House market stuck in a rut July 11, 2011 WEAK supply and demand has left the UK housing market in a “stalemate” despite a pick-up in mortgage lending, new data suggests. Demand failed to rise in June while the recent growth in new instructions to market properties ground to a halt, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS). [...]
Confidence returns as Taylor Wimpey sees demand pushing up its forecasts June 30, 2011 PENT-UP demand and tight supply will prop up the UK housing market well into 2012, British housebuilder Taylor Wimpey predicted after it reported stronger margins and said it sees full-year profit forecasts being nudged higher. “Overall, we expect it [full-year pretax profit] to be slightly better than the market is currently expecting,” chief executive Pete [...]
Confidence returns as Taylor Wimpey sees demand pushing up its forecasts June 30, 2011 PENT-UP demand and tight supply will prop up the UK housing market well into 2012, British housebuilder Taylor Wimpey predicted after it reported stronger margins and said it sees full-year profit forecasts being nudged higher. “Overall, we expect it [full-year pretax profit] to be slightly better than the market is currently expecting,” chief executive Pete [...]
House prices rise for third month November 29, 2011 House prices edged up in November, beating expectations and despite a weak economy, but activity remains subdued and prices are more likely to dip in the next 12 months, mortgage lender Nationwide said. House prices rose 0.4 per cent from October on a seasonally adjusted basis, their third straight monthly increase, a Nationwide survey showed. [...]
Mortgage lending falls November 18, 2011 Gross mortgage lending decreased four per cent from September, down to an estimated £13.1bn in October, said the Council of Mortgage Lenders (CML) today. Though there was a 13 per cent increase from October 2010, up from £11.6bn, housing market activity is still low compared to long term averages, industry experts said. Housing prices are [...]