WHAT THE OTHER PAPERS SAY THIS MORNING September 1, 2010 FINANCIAL TIMES MEAT PRICE SURGE FUELS FEARS OF FOOD INFLATION Global meat prices have hit a 20-year high as robust demand from emerging countries has coincided with a drop in production by exporters such as the US and Australia, fuelling concerns about rising food inflation. The UN Food and Agriculture Organisation’s index of meat prices [...]
US home sales dip amid fragile market recovery March 23, 2010 Sales of previously owned US homes fell slightly in February, according to a trade group report yesterday that underscored the fragile nature of the housing market’s recovery. The National Association of Realtors said sales fell 0.6 per cent month-on-month to an annual rate of 5.02m units, the third straight month of declines in sales. January’s [...]
CITY VIEWS: WHAT DO YOU THINK OF THIS YEAR’S BUDGET? March 24, 2010 CRAIG BENNETT | PGI GROUP “The stamp duty is definitely a good idea for new starters. The 3p fuel rise on the cost of our already increasing bills isn’t very good. Why should we be taxed more if we earn more? I don’t think that is correct at all.” DAVID THORNBERRY | CHRISTCHURCH INVESTMENT MANAGEMENT [...]
City rates the Budget 3.8 out of 10 March 25, 2010 ALISTAIR Darling must try harder. That was the verdict of our panel of City and business professionals, who gave the chancellor’s Budget on Wednesday a score of 3.8 out of 10. The City A.M./PHI Panel, which has been specially recruited to represent London’s financial and business community, was asked to score some of the measures [...]
London house prices too high for first-timers March 15, 2010 LONDON continues to lead the fragile national housing market recovery with asking prices in the capital rising 0.3 per cent in March to stand at 8.7 per cent higher than they were a year ago. According to the house prices and affordability index from FindaProperty.com, the average London property is now on the market at [...]
Be prepared for the turbulent autumn ahead August 25, 2010 INVESTORS fed up with volatile, range-bound markets that apparently have little sense of clear direction will be cheering the end of the summer and the dust being swept off the City trading floors. But those hoping for an immediate return to normality and a bullish rebound are likely to be sorely disappointed. The FTSE 100 [...]
Middle East buyers to lift office gloom March 16, 2011 OFFICE investment in London fell markedly in the first three months of the year, though higher oil prices are expected to drive more sovereign wealth funds into real estate in the capital, according to Knight Frank research seen by City A.M. Office properties worth £1.6bn are due to change hands in the three months to [...]
What did you think of the Budget? March 24, 2010 DARLING has delivered his Budget, but what do you think? Apply to join our panel at www.cityam.com/panel by 12pm to answer these questions. Existing members will receive an email this morning. 1) Alistair Darling yesterday unveiled his final Budget before the general election. Overall, to what extent do you approve or disapprove of the Budget? 2) [...]
City veteran to help troubled Gartmore September 1, 2010 EMBATTLED fund manager Gartmore hired industry veteran Robert Kyprianou as a non-executive director yesterday as rumours swirled of a sell-off by its largest shareholder. Kyprianou, whose CV includes stints at ABN Amro’s investment arm and Axa Framlington, will add weight to Gartmore’s board at a time of intense difficulty for the company. Gartmore has seen [...]
Stylish, affordable new homes for a brave green world May 20, 2010 THE UK is committed to ensuring that all new homes meet an ambitious zero-carbon standard by 2016. And with only a smattering of them in the country to date, there’s a long way to go. Indeed, Barry Morgan, of Morgan Restoration, an ardent eco-developer who has just installed solar panels on The Boatyard development overlooking [...]