Rise in house prices grinds to sharp halt August 10, 2010 THERE was further proof that the property market is cooling down yesterday, after government figures showed house prices were flat on the month in June. Figures from the Department for Communities and Local Government (DCLG) showed that seasonally adjusted average prices were unchanged across the UK in June. That cut the annual rate of increase [...]
Sprint star Bolt to sit out rest of the season with recurring back injury August 10, 2010 SPRINT superstar Usain Bolt has confirmed he will not race again this year after doctors advised him to rest up following an injury to his lower back. The Jamaican double world record holder was told tightness in his back was “restricting his ability to generate power in his stride” by a medical team in Germany. [...]
British exports are recovering August 10, 2010 BRITAIN’S trade gap narrowed in June as exports recovered, but economists warned overseas demand would not offset the flagging economy at home. Exports increased at four times the pace of imports in June, narrowing the trade in goods deficit from £8bn in May to a lower-than-expected £7.4bn, the Office for National Statistics said. The overall [...]
Chinese trade surplus hits 18-month high of $28.7bn August 10, 2010 CHINA’S trade surplus unexpectedly ballooned in July to an 18-month high of $28.7bn (£18.2bn) in July from $20.02bn in June, handing fresh ammunition to critics who say Beijing is still not moving swiftly enough to allow the yuan to rise. Exports showed resilience, rising 38.1 per cent from a year earlier to a record high [...]
CITY VIEWS: ARE YOU WORRIED ABOUT FALLING HOUSE PRICES? August 10, 2010 EGAN LUDLOW | KENNEDYS “I think the market will return over time even if prices fall in the short-term. The question is whether the South East will be affected. I think people in the regions will be affected with rising levels of unemployment, but the City lives off confidence so it will be interesting.” MATTHEW [...]
Hampshire deliver a right Royal snub to Pietersen August 10, 2010 HAMPSHIRE have delivered one last snub to Kevin Pietersen for the Twenty20 Finals Day. Pietersen, 30, has played just seven first-class matches in six years at Hampshire but has been made available by England to play in Saturday’s Rose Bowl showpiece. But after announcing he is to leave the county at the end of the [...]
SPORT | IN BRIEF August 10, 2010 Simmonds leads British 1-2 SWIMMING: Lizzie Simmonds led Britain to a one-two finish in the 200m backstroke at the European Championships in Budapest yesterday. Gemma Spofforth took silver as Simmonds, the world No1 at 200m this year, sealed gold in a time of two minutes 7.04 seconds. Earlier in the day, Britain’s Liam Tancock battled [...]
Interserve is hit as profits dip by a third August 10, 2010 Maintenance and outsourcing firm Interserve yesterday said first half pretax profit fell 31 per cent compared to last year, though the firm expects growth in overseas markets to help improve earnings in the coming year. The company, which last year closed the majority of its pension scheme, said pre-tax profit for the first half of [...]
Chemring buys Roke to shore up counter-terrorism branch August 10, 2010 BRITISH arms group Chemring has bought engineering company Roke from Siemens for £55m, it announced yesterday. Chemring said the acquisition of the counter-improvised explosive devices (IEDs) specialist will take the group to the forefront of homeland security and offer entry points to other markets such as surveillance. Roke builds counter-IED equipment used by British forces [...]
Investment in property rises… August 10, 2010 CENTRAL London real estate investment volumes rose sharply during the second quarter as strong investor demand was satisfied due to an increase in stock on the market. Investment turnover rose 57 per cent over the quarter to reach £1.9bn, according to figures from CB Richard Ellis published yesterday. German and Middle Eastern funds showed renewed [...]
