US housing market improves but consumer confidence hit July 28, 2009 US HOME sales rose for the first time in almost three years in May but ongoing weakness in the jobs market hit July consumer confidence hard, data showed yesterday. The S&P/Case-Shiller composite-20 index rose 0.5 per cent month-on-month in May, which saw the annual decline moderate to 17.1 per cent. But these figures are not [...]
LVMH loses fizz as wine sales drop July 28, 2009 LVMH, the biggest player in the luxury goods market, yesterday reported a 23 per cent slump in first half profits as the downturn hit discretionary spending. The group, which owns the Dom Perignon brand, was dragged down by its wines and spirits division which suffered a record 41 per cent drop in profits as champagne [...]
LVMH loses fizz as wine sales drop July 28, 2009 LVMH, the biggest player in the luxury goods market, yesterday reported a 23 per cent slump in first half profits as the downturn hit discretionary spending. The group, which owns the Dom Perignon brand, was dragged down by its wines and spirits division which suffered a record 41 per cent drop in profits as champagne [...]
US new home sales rocket July 27, 2009 SALES of new homes in the US surged to a seven-month high in June, while the inventory of homes for sale fell to its lowest level in more than 11 years, official data showed yesterday, boosting hopes that the US housing market may finally be starting to stabilise. Government figures indicated an 11 per cent [...]
Strong home sales cheer US investors July 27, 2009 US stocks rose slightly yesterday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week run-up. Upbeat data on new home sales underpinned financial stocks, the session’s strongest sector, and prompted investors to snap up the shares of several regional banks, which had been among the worst hit [...]
Strong home sales cheer US investors July 27, 2009 US stocks rose slightly yesterday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week run-up. Upbeat data on new home sales underpinned financial stocks, the session’s strongest sector, and prompted investors to snap up the shares of several regional banks, which had been among the worst hit [...]
North-South housing price divide widens July 26, 2009 THE chasm between house prices in the north and south of England widened in the month of July despite nationwide figures remaining broadly static, according to the latest Hometrack housing market survey. Overall house prices remained unchanged for a third consecutive month, Hometrack said. But among the 10 per cent of postcodes which did report [...]
North-South housing price divide widens July 26, 2009 THE chasm between house prices in the north and south of England widened in the month of July despite nationwide figures remaining broadly static, according to the latest Hometrack housing market survey. Overall house prices remained unchanged for a third consecutive month, Hometrack said. But among the 10 per cent of postcodes which did report [...]
Jaguar hits 673.4m in losses as it inches towards loan deal July 26, 2009 CARMAKER Jaguar Land Rover (JLR) saw its UK operations tumble to a dramatic loss of £673.4m last year, down from a net profit of £641.5m in 2007. Accounts filed at Companies House show that total recognised losses – which includes money lost on pension schemes – hit almost £1.2bn for 2008. The news of how [...]
Jaguar hits 673.4m in losses as it inches towards loan deal July 26, 2009 CARMAKER Jaguar Land Rover (JLR) saw its UK operations tumble to a dramatic loss of £673.4m last year, down from a net profit of £641.5m in 2007. Accounts filed at Companies House show that total recognised losses – which includes money lost on pension schemes – hit almost £1.2bn for 2008. The news of how [...]