WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
What the other papers say this morning January 11, 2011 FINANCIAL TIMES LAWYERS URGE HUNT TO BE CAREFUL OVER SKY BID Jeremy Hunt must act carefully to avoid legal challenge to his role in regulating News Corp’s proposed bid for British Sky Broadcasting, after his department sent Rupert Murdoch’s company a key document, lawyers said. Three competition experts yesterday said the culture secretary’s move could [...]
House prices fall yet again October 28, 2010 THE average house price fell 0.7 per cent in October, equivalent to a drop of £2,376, Britain’s biggest building society said yesterday. Nationwide building society said the value of the average home is now £164,381 compared to £166,757 a month ago. Over the last three months house prices have fallen 1.5 per cent, marking the [...]
BUYING November 11, 2010 MANAGING PARTNER OF BLACK BRICK Q.Dear Camilla, how do you think the austerity measures put in place recently by the new government will affect UK house prices? A.We believe that house prices outside of central London are likely to be affected the most by the wave of spending cuts that are due to happen over [...]
Homeowners relaxed about negative equity December 14, 2010 IN the latest YouGov SixthSense Mortgages Report, mortgage holders were asked to estimate the current value of their household and cost of their mortgage. Ninety-one per cent who were able to give these figures were in positive equity with nearly one in ten recording a no equity or negative equity score. This data is in [...]
Rail revolution opens new areas for commuters December 2, 2010 ASK any Londoner what irritates them most about the city and they will say two things. First, the transport is rubbish and second, it is too hard to buy a decent, affordable home. For families who want their children to grow up outside London, the misery of the commute has to be weighed against the [...]
Bellway sales hit by government cuts October 19, 2010 Housebuilder Bellway reported full year results in line with expectations with uncertainty around the government’s spending review hitting sales. “Sales in the early part of what is traditionally an active autumn selling period have picked up, albeit only slightly, following the usual summer lull,” chairman Howard Dawe said. “It seems that potential homebuyers are awaiting [...]
Tight credit holding back UK recovery December 12, 2010 LENDING remains too low and is “holding back the economic recovery,” the Bank of England said today. The news comes after the Bank reported that mortgage approvals fell for six successive months to October. Tight credit conditions continue to hold back recovery in the housing market, analysts say. Yet banks are ahead of schedule in [...]
Tight credit holding back UK recovery December 12, 2010 LENDING remains too low and is “holding back the economic recovery,” the Bank of England said today. The news comes after the Bank reported that mortgage approvals fell for six successive months to October. Tight credit conditions continue to hold back recovery in the housing market, analysts say. Yet banks are ahead of schedule in [...]
Pessimism reigns but FTSE is set to disagree January 3, 2011 So hello and welcome to 2011. On the first day of the year I spent a few hours watching the Back to the Future trilogy, and having seen the predictions for the months ahead I wondered if I shouldn’t jump in the DeLorean and fly straight to 2012, just in time for the Olympics. It’s [...]