Loans to businesses increase September 29, 2011 LENDING to non-financial companies increased over August, though banks reduced their holdings of corporate securities by a greater amount, the Bank of England announced yesterday. Businesses borrowed £800m more in August than in July. However, overall lending from banks fell by £2.7bn as banks reduced their holdings of corporate securities. The Bank of England’s figures [...]
US businesses boost spending September 28, 2011 US businesses shrugged off an uncertain economic environment and stepped up orders for capital goods in August, a sign the economy was not falling back into recession. The Commerce Department has said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, increased 1.1 per cent after falling 0.2 per cent in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 27, 2011 FINANCIAL TIMES ANADARKO SOUNDS OUT BRAZILIAN BUYERS Anadarko Petroleum has asked advisers to sound out potential buyers for a collection of its Brazilian oil assets in a deal that could be worth up to $5bn, in the latest attempt by oil and gas explorers in the region to attract investment. The US independent oil and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
Monaco’s calling September 22, 2011 TIMES are tough for property in some parts of the world. Not, however, in Monaco, where investors seeking classic, mature markets feel comfortable. The fact that it’s still one of the most glamorous locations on earth – with some of the world’s best restaurants and casinos (and let’s not forget the marina) – doesn’t hurt, [...]
Rise in Taylor Wimpey sales lifts margins September 19, 2011 HOUSEBUILDER Taylor Wimpey said yesterday that sales rates in recent weeks have been encouraging, as the industry has benefited from a seasonal surge in home buying activity. The FTSE 250-listed firm added it is on track to deliver on margin targets this year. The country’s second largest builder by market value said net sales rates [...]
Taylor Wimpey says housebuilding bouncing back September 19, 2011 Housebuilder Taylor Wimpey said sales rates in recent weeks have been encouraging, as the industry has benefited from a seasonal surge in home buying activity, and added it is on track to deliver on margin targets. The country’s second largest builder by market value said net sales rates so far in the second half are [...]
LEWISHAM, SE13 September 15, 2011 RENAISSANCE Price: £181,000 This second floor, one-bedroom flat comprises 470 square feet, including a private balcony. It is situated in a development with landscaped gardens, opposite Lewisham DLR station. It was designed in collaboration with artist Phil Coy whose signature feature is the development’s eye-catching coloured glass exterior. Contact: Barratt Homes on 084 5871 0005 [...]
Businesses need alternate ways to access cash September 15, 2011 REGIONAL DIRECTOR, GE CAPITAL ANY review of economic data at the moment will confirm that the outlook for UK business remains uncertain. That said, there is still evidence that growth is on the agenda for many businesses in London and activity in the transactions market is increasing. This includes interest from both private equity and [...]
Economic uncertainty keeps housing market weighed down during August September 12, 2011 THE UNSTABLE economic outlook kept the UK’s housing market subdued last month, a survey published this morning suggests. The average number of house sales per surveyor fell to 14 in August, the Royal Institution of Chartered Surveyors (RICS) has found – “taking transactions back to June 2009 levels”. Nearly eight in 10 surveyors reported “general [...]