Mortgage lending remains “subdued” October 25, 2010 The latest figures from UK’s major banks have said that budget uncertainties had contributed to a subdued mortgage market. The downward trend spiral continued in September, the British Bankers’ Association (BBA) said. The number of mortgages approved for house purchases fell slightly compared with the previous month to 31,104, as low demand for new loans [...]
Housebuilder warns of mortgage famine November 4, 2010 NUMBERS of house sales will continue to drop even lower and the UK is at risk of a “mortgage famine” unless the government acts to boost the market by helping buyers to take out loans, said the housebuilder Redrow yesterday as it announced its third quarter results. “Deliberately suppressing housing demand at the very time that [...]
Retail sales pick up but growth stays sluggish November 18, 2010 RETAIL sales in the UK rose for the first time in three months in October, according to official statistics released yesterday. Sales volumes were up 0.5 per cent compared to September, but still 0.1 per cent lower than the same month in 2009. Online retailers continued to outperform their traditional High Street rivals, with non-store [...]
BUYING October 14, 2010 MANAGING PARTNER, BLACK BRICK Q.There has been lots of negativity surrounding house prices recently. Are prices in central London falling? A.There has been a recent wave of negative headlines surrounding UK houses prices recently. The unexpectedly large 3 per cent drop in the Halifax house price index in September has grabbed the bulk of the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]
Liontrust posts loss but boosts client inflows November 24, 2010 ASSET-management firm Liontrust reported a pre-tax loss of £1.6m in the six months to 30 September according to an earnings report released yesterday. Despite the loss, the firm saw its first net investment inflows in six years. Investors moved £90m into Liontrust products last quarter, and have already invested £76m since October. Total assets under [...]
Liontrust posts loss but boosts client inflows November 24, 2010 ASSET-management firm Liontrust reported a pre-tax loss of £1.6m in the six months to 30 September according to an earnings report released yesterday. Despite the loss, the firm saw its first net investment inflows in six years. Investors moved £90m into Liontrust products last quarter, and have already invested £76m since October. Total assets under [...]
Liontrust posts loss but boosts client inflows November 24, 2010 ASSET-management firm Liontrust reported a pre-tax loss of £1.6m in the six months to 30 September according to an earnings report released yesterday. Despite the loss, the firm saw its first net investment inflows in six years. Investors moved £90m into Liontrust products last quarter, and have already invested £76m since October. Total assets under [...]
Don’t leave it all to the taxman: seven easy ways to lower IHT bills February 2, 2011 WHO do you want to leave your worldly wealth to when you pop your clogs? Your nearest and dearest? A furry friend? Charity? Unsurprisingly, the nation’s favourite beneficiaries are the ones closest to our hearts, with 87 per cent wanting their assets to go to family, according to Unbiased.co.uk, the financial advice website. Still, nearly [...]