FTSE falls as Italy debt yields spook investors November 9, 2011 BRITAIN’S top shares sank to their lowest close for a week yesterday on spiralling concerns over Italy’s debt as the country’s bond yields raced to dangerous levels. Italy was thrown into the spotlight as its 10-year bond yields shot above seven per cent, levels that forced bailouts in Ireland, Portugal and Greece, and as investors [...]
FTSE falls as Italy debt yields spook investors November 9, 2011 BRITAIN’S top shares sank to their lowest close for a week yesterday on spiralling concerns over Italy’s debt as the country’s bond yields raced to dangerous levels. Italy was thrown into the spotlight as its 10-year bond yields shot above seven per cent, levels that forced bailouts in Ireland, Portugal and Greece, and as investors [...]
Low rates are propping up house prices May 15, 2011 HISTORICALLY low interest rates and a weak supply of new property listings are boosting asking prices for UK homes, according to a leading survey released today. Asking prices on newly listed houses have almost hit a three-year high, according to the Rightmove house price index, jumping 1.7 per cent in April and 1.3 per cent [...]
House prices to be hit by slow demand October 2, 2011 SINKING demand from a cash-strapped population is set to send house prices tumbling in the coming months, according to the latest survey from Hometrack, released today. The number of prospective house-buyers fell in August and September, while supply has outstripped demand so far this year. “Continuing economic uncertainty both at home and in the Eurozone [...]
Five ways to get the UK economy back in the black November 28, 2011 IT’S time for the UK to get real. The country is deeply in debt. The coalition made deficit reduction the prime aim of its governing agreement. It was a great idea then. It is a great idea now. It needs delivery. First, let’s be bold with the banks. The UK private sector needs easier access [...]
THE WEEK AHEAD October 9, 2011 COMPANY NEWS ● Burberry will make its second quarter trading statement on Wednesday. China has been driving demand for luxury European goods, but there have been signs that this demand is beginning to abate, which will not bode well for the UK brand. ● Hargreaves Lansdown will release an interim management statement on Thursday. Many [...]
THE WEEK AHEAD October 9, 2011 COMPANY NEWS ● Burberry will make its second quarter trading statement on Wednesday. China has been driving demand for luxury European goods, but there have been signs that this demand is beginning to abate, which will not bode well for the UK brand. ● Hargreaves Lansdown will release an interim management statement on Thursday. Many [...]
FTSE hit by soaring bank yields November 17, 2011 The FTSE 100 fell in early trading today as yields on a Spanish bond auction soared to almost seven per cent – a level considered unsustainable by economists. A warning from ratings agency Fitch that the outlook for US banks could deteriorate if the Eurozone sovereign debt crisis is not resolved also took its toll. [...]
M&S profits fall by 10pc November 8, 2011 Marks & Spencer posted a 10 per cent drop in first-half profit after second-quarter underlying sales fell for the first time in two years, underscoring the pressure on UK consumers. The 127-year-old group, Britain’s biggest clothing retailer which also sells homewares and upmarket food, said on Tuesday it made a profit before tax and one-off [...]
Torrid summer boosts LSE September 29, 2011 LONDON Stock Exchange chief Xavier Rolet highlighted the group’s diversification agenda yesterday as he said equity trading volumes were up 12 per cent due to the market turmoil over the past five months. The LSE Group made £190.2m in revenues in the three months to the end of June, 14 per cent higher than a [...]