London Report: Home lending up but rise in UK prices is slowing July 27, 2014 MORTGAGE approvals figures appear likely to show the housing market is moving again, after tough new MMR loan tests slowed lending figures. However, house price data due on Thursday suggests prices may not be soaring as much as earlier this year. They are expected to have risen 0.5 per cent month-on-month in July – the [...]
New York Report: GDP data may keep US stock market aloft July 27, 2014 EVEN if data this week shows a mediocre rebound in US economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases. US gross domestic product for the second quarter, due to be released on Wednesday, is [...]
England set to dominate after Cook’s form returns July 27, 2014 UNDER-PRESSURE England captain Alastair Cook admitted his relief after making a substantial contribution with the bat as England dominated day one of the third Test with India at the Ageas Bowl. Cook fell an agonising five runs short of a first Test hundred in 28 innings, edging Ravindra Jadeja behind to Indian skipper and wicketkeeper [...]
Hamilton defiant after ignoring order and denying rival Rosberg July 27, 2014 BRITAIN’S Lewis Hamilton insisted he was perfectly within his rights not to adhere to Mercedes’ team orders and allow title rival Nico Rosberg to pass him during yesterday’s Hungarian Grand Prix in Budapest. The 29-year-old fought back from a pit lane start and a first-lap spin to record a third-place finish behind Ferrari’s Fernando Alonso [...]
Ospina signs Arsenal deal July 27, 2014 ARSENAL have confirmed the signing of Colombian goalkeeper David Ospina from French Ligue One side Nice for an undisclosed fee. The 25-year-old, who helped his country to the World Cup quarter-finals, will compete with Polish stopper Wojciech Szczesny for the Gunners’ No1 jersey. “David is an excellent goalkeeper,” said manager Arsene Wenger. “He will add [...]
Trott throws off effects of kidney infection to take points race gold July 27, 2014 DOUBLE Olympic champion Laura Trott insisted her Commonwealth Games gold in the women’s points race, after recovering from a kidney infection, meant every bit as much as success at London 2012. Despite being tied on 37 points with Wales’ Elinor Barker, English track cyclist Trott was awarded gold after placing higher in the final sprint. [...]
Nibali claims first Tour win July 27, 2014 ITALY’S Vincenzo Nibali safely negotiated the final stage on the Champs-Elysees to win the 101st edition of the Tour de France in Paris yesterday. Despite German Marcel Kittel claiming victory in the sprint finish, Nibali became only the sixth man in history to win the Tour de France, Giro d’Italia and Vuelta a Espana. His [...]
Espirito Santo family patriarch detained over tax evasion claims July 24, 2014 THE EX-BOSS of troubled Portuguese financial group Espirito Santo was arrested yesterday amid allegations of tax evasion and money laundering. Family patriarch Ricardo Espirito Santo Salgado, aged 70, was arrested the day after the bank’s offices were searched by the authorities. He resigned as chief executive of Banco Espirito Santo (BES) this month and the [...]
Bentley shifts sales forecast to lower gear July 24, 2014 Luxury carmaker Bentley expected to increase sales volumes this year by less than forecast, boss Wolfgang Duerheimer said yesterday as he outlined dealership expansion plans and a potential new model. “Maybe the forecast from last year and the beginning of this year was too aggressive, but I still predict double-digit [sales volume] growth in 2014,” [...]
US corporate results round up July 24, 2014 Recalls batter GM profits but Ford makes progress General Motors reported a much lower second-quarter profit yesterday due to numerous recalls and the expected cost of at least $400m for a compensation fund for those killed or injured by a defective ignition switch. Net income fell to $190m, from $1.2bn a year earlier. Meanwhile, smaller [...]
