US home sales rise but jobless claims also up December 2, 2010 PENDING house sales surprisingly shot up in the US for October, according to data released yesterday. The Pending Home Sales Index (PHSI) showed that contracts exchanged on properties increased by 10.4 per cent compared to September, defying a predicted fall. The result comes as a boost for the housing market, after the index fell by [...]
Marubeni considers North Sea retreat June 19, 2011 A JAPANESE trading conglomerate is the latest firm to consider leaving its oilfield in the North Sea following George Osborne’s 12 per cent tax hike on the industry. Marubeni Corporation has put up for sale all but one of its North Sea oilfields, according to a weekend report. It is said to have hired Standard [...]
Marubeni considers North Sea retreat June 19, 2011 A JAPANESE trading conglomerate is the latest firm to consider leaving its oilfield in the North Sea following George Osborne’s 12 per cent tax hike on the industry. Marubeni Corporation has put up for sale all but one of its North Sea oilfields, according to a weekend report. It is said to have hired Standard [...]
First-time buyers hit by rising house prices in January March 16, 2010 FIRST-time buyers were faced with house prices 8.9 per cent higher in January than the same month last year, according to figures from the Department of Communities and Local Government (DCLG). The department said average prices paid by those buying their first home was £149,924 in January. This was up 0.2 per cent against December [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 20, 2011 FINANCIAL TIMES ASTRAZENECA TO OFFLOAD SWEDISH DIVISION AstraZeneca is in final talks to sell Astra Tech, the Swedish healthcare and dental business, to Dentsply International in a deal that could value the group at about $1.8bn (£1.1bn). The US dental equipment maker has outbid other potential buyers, including private equity group EQT Partners and medical [...]
UK has fewer empty homes December 19, 2010 THE number of English homes left standing empty for six months or longer dropped for the first time in three years last year, in a sign that a stagnant housing market and high rental demand is pushing up occupancy levels. The number of long-term empty private houses dropped by more than 20,000, or six per [...]
UK has fewer empty homes December 19, 2010 THE number of English homes left standing empty for six months or longer dropped for the first time in three years last year, in a sign that a stagnant housing market and high rental demand is pushing up occupancy levels. The number of long-term empty private houses dropped by more than 20,000, or six per [...]
Boost for US housing as permits for new units rise April 19, 2011 US HOME building and permits for future construction rebounded strongly last month from February’s weather-depressed levels, but analysts warned a glut of housing on the market will make further gains difficult. The Commerce Department announced a 11.2 per cent monthly jump in the annualised number of permits for new housing units. New housing starts in [...]
Retail figures drive US markets rally June 14, 2011 US stocks posted their biggest gains in nearly two months yesterday as retail sales figures allayed fears over the economy that had driven a six-week slump in the market. Many analysts said the rally was likely a one-day wonder. Though still weak, the retail sales data was not as bad as most had expected, which [...]
Retail figures drive US markets rally June 14, 2011 US stocks posted their biggest gains in nearly two months yesterday as retail sales figures allayed fears over the economy that had driven a six-week slump in the market. Many analysts said the rally was likely a one-day wonder. Though still weak, the retail sales data was not as bad as most had expected, which [...]