Miners lead markets higher as gold price holds steady October 8, 2009 THE top share index ended 0.9 per cent higher yesterday, buoyed by the miners on firmer metals prices and optimism over demand prospects. The FTSE 100 closed 45.74 points higher at 5,154.64, after shedding 0.6 per cent on Wednesday. “There doesn’t seem to be the same degree of buying momentum returning to the market after [...]
Alcoa gives stocks a good start in US October 8, 2009 US stocks rose yesterday as a surprising quarterly profit from Alcoa got third-quarter earnings off to a strong start. Alcoa gained 1.1 per cent to $14.35 and rose as high as $15.10, a day after the Dow component posted its first profit after three consecutive quarterly losses, on cost savings and higher aluminum prices. The [...]
If you’re getting a bonus, then bricks and mortar are still best October 8, 2009 IT MIGHT not be the most popular thing to say right now, but people are going to get bonuses this year. In the years preceding 2008, the bonus season meant one thing in London – a boost to the buy-to-let property market as bankers sunk their money into bricks and mortar. The world has changed [...]
FOCUS ON: ENFIELD, MIDDLESEX October 8, 2009 BRAYSIDE FARM, CLAY HILL, EN2 9JLPrice: £2.85mSet in a hamlet in a North London conservation area, this stylish five-bedroom property is close to Crews Hill mainline station, which is just 30 minutes away from Moorgate. It stands in around 21 acres of gardens and grounds with various outbuildings and enjoys views of Whitewebbs Park and [...]
CURRENT MORTGAGE DEALS October 8, 2009 Source: MoneySupermarket.com LENDER FIXED/FLEXIBLE RATE UNTIL STANDARD RATE APR MAXIMUM LOAN (PER CENT) (PER CENT) (PER CENT) TO VALUE (PER CENT)HSBC Special [...]
PARTY STALWART TEBBIT HAPPY TO STICK HIS NECK OUT FOR THE CITY October 8, 2009 TO ONE of the City’s favourite haunts, Boisdale of Bishopsgate, last night for a special members’ game dinner hosted by Lord Tebbit, staunch Thatcherite and eternal bearer of the beacon of those on the right of politics. Tebbit, as is his wont, was happy to wax lyrical about the issues facing the Tories in the [...]
WINTER OF DISCONTENT October 8, 2009 BRITAIN is facing a “winter of discontent” with strikes looming at Royal Mail, British Airways, Irish carrier Aer Lingus, and electronics giant Fujitsu. Staff at Royal Mail yesterday voted three to one in favour of a national strike, which is set to bring misery to businesses over the Christmas period, while costing London hundreds of [...]
Asia buys slumping US dollars October 8, 2009 ASIAN central banks bought US dollars yesterday to weaken their own currencies, as the slumping greenback threatened their export-driven economies. The nations, mainly located in South East Asia, are already struggling with the tepid US recovery and weak demand for their exports from the world’s largest economy. But they have been doubly hurt because their [...]
Rates held by central banks October 8, 2009 BOTH Threadneedle Street and the European Central Bank (ECB) kept monetary policy on hold yesterday as both central banks were in wait and see mode. In the UK, rates were kept at 0.5 per cent and QE at £175bn while the cost of borrowing in the Eurozone remained at one per cent. City analysts had [...]
Cameron’s real agenda is truly radical October 8, 2009 LET us hope that David Cameron truly believes in rolling back the failed culture of big government he so aptly described in his keynote address in Manchester yesterday; if he does, a Tory government could yet turn out to be far more revolutionary than most of us have been predicting. It was a good, though [...]
