LSE to launch new platform for derivatives November 18, 2010 THE London Stock Exchange (LSE) has announced that it will launch a pan-European derivatives trading platform in the second quarter of 2011. The move comes after rival trading platforms stole market share, in part due to regulatory changes following concern about competition. In February, LSE bought the high-frequency trading platform Turquoise as part of its [...]
FOCUS ON: HERTFORD November 18, 2010 VILLIERS STREET Price: £599,995 This four-bedroom townhouse is close to the town centre and it has been refurbished. Period features such as sash windows and fireplaces have been kept. There is a back garden. Contact: Hetheringtons on 01992 440000, hetheringtons.co.uk REVELLS HALL Price: £2.75m This Grade II-listed 16th century house has panoramic views across Ware [...]
Rolet celebrates rules rethink November 18, 2010 LONDON stock exchange (LSE) chief executive Xavier Rolet yesterday applauded the government’s decision not to split the regulation of the UK’s primary and secondary markets in its shake-up of the financial regulatory system. Speaking at the LSE’s interim results presentation yesterday, Xavier Rolet said: “We very much welcome the government’s announcement that the regulation of [...]
LSE November 18, 2010 LSE has not had an easy time so far this year, after it was shuffled out of the FTSE 100 in June. Following the worst of the financial crisis, 2010 has seen nervous investors shuttle into bonds and out of equities, partly explaining why the company’s revenues saw barely any change. Its results yesterday benefited [...]
VAT rise will hurt growth, says the OBR November 18, 2010 GEORGE Osborne’s decision to hike VAT will shave 0.3 per cent off GDP in 2011-12, the official independent forecaster said yesterday. The chancellor will increase the sales tax from 17.5 per cent to 20 per cent in the New Year, as he seeks to pay down the largest deficit in Britain’s peacetime history. Yesterday, the [...]
SELLING November 18, 2010 MANAGING DIRECTOR, PROPERTY HUNT Q.Dear Russell, what can I do to increase the value of my property? A.There are very simple and obvious things that can be done to improve the value of a property but it is amazing how often people forget them. For example, it will not help the value of your property [...]
Retail sales pick up but growth stays sluggish November 18, 2010 RETAIL sales in the UK rose for the first time in three months in October, according to official statistics released yesterday. Sales volumes were up 0.5 per cent compared to September, but still 0.1 per cent lower than the same month in 2009. Online retailers continued to outperform their traditional High Street rivals, with non-store [...]
OECD warns of UK headwinds as cuts forecast November 18, 2010 GOVERNMENT spending cuts will put the brakes on UK growth, according to influential think tank the Organisation for Economic Co-operation and Development (OECD) which yesterday slashed its forecast for the UK in 2011. The Paris-based group said Britain will grow by 1.7 per cent in 2011, well below the 2.5 per cent it predicted in [...]
PROPERTY NEWS November 18, 2010 RENTS ON THE RISE Rents rose for the ninth consecutive month in October to £691 while tenant arrears fell significantly for the second month in a row, according to the latest buy-to-let index from LSL Property Services. Unpaid rent totalled £221m, down from £229.3m in the previous month. This accounted for just 9.3 per cent [...]
Government borrowing up on last year November 18, 2010 THE chancellor could have to cut public spending by even more than planned, economists warned yesterday after government borrowing in?October was higher than last year. The Office for National Statistics (ONS) said net borrowing was £10.3bn last month, up from £10.1bn in October 2009. There is now a “very real risk the deficit will overshoot” [...]
