Stalled house projects get cash July 27, 2009 Hundreds of housing developments in England that have stalled during the recession are set to share in a £925m attempt to kick-start the industry, the government said yesterday. About 270 projects could benefit from the cash, housing minister John Healey said, with a third of the funds to go to housing associations to build affordable [...]
GS4 launches services for firms July 27, 2009 International security services group GS4 yesterday launched its Information Security and Assurance business, which delivers a range of integrated services for the handling and destruction of classified and commercially sensitive media and equipment. The group, which provides secure destruction services for government agencies will now be providing its services to commercial firms.
CITY MOVES WHO’S SWITCHING JOBS July 27, 2009 Henderson New StarAsset manager Henderson Global Investors has appointed Mark Carpenter, a director in its property division, as head of its Henderson New Star property funds, replacing Roger Dossett. Dossett, who was head of New Star’s property team before Henderson took over New Star in April, will leave Henderson later this year to pursue his [...]
SPOTIFY JOINS THE BIG APPLE July 27, 2009 Spotify, the music streaming website, yesterday said it will launch an application for Apple’s iPhone. Premium subscribers to Spotify will be able to search for new music and store over 3,000 songs, even when the device doesn’t have a signal, putting it in direct competition with Apple’s own music store, iTunes.
America joins hedgie fight as UK looks for Swedish support July 27, 2009 THE US yesterday waded into the row over the European Commission’s (EC) plans to strictly regulate hedge funds that do business in the region Officials from the US authorities are quietly lobbying finance ministers in Europe in a bid to overturn a draft law that would impose a burdensome disclosure regime and leverage limits on [...]
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 [...]
Easing inflation worries improve German consumer confidence July 27, 2009 GERMAN consumer confidence rose to its highest level in more than a year as easing inflation encouraged shoppers, according to data from research group GfK yesterday. The GfK consumer sentiment indicator, rose to 3.5 going into August from an upwardly revised reading of 3.0 for July. “Inflation is fading and people have more money in [...]
UK stocks keep on rallying buoyed by energy climbers July 27, 2009 BUOYANT energy stocks and miners helped Britain’s top share index rise for a record-equalling 11th straight session, though gains were limited by falls on Wall Street after corporate earnings disappointed. The FTSE 100 was up 9.52 points, or 0.2 per cent at 4,586.13, hitting its highest closing level since 5 January. The index has risen [...]
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 [...]
Canny traders should look to buy crude oil on the correction July 27, 2009 CRUDE’S inexorable rise over the past few weeks in line with rallying equity markets pushed September Brent through the $70 a barrel mark in intraday trading yesterday, touching a session high of $71.28. Signs of an improving world economy and resilient Chinese GDP growth as well as relatively upbeat second quarter earnings in the US [...]
