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 [...]
JJB in 100m cash call October 8, 2009 SPORTS retailer JJB, the group which dodged administration in April, is today set to announce a share placing worth £100m – more than its market value. The cash call, which is discounted to 25p per share – a massive drop from last night’s closing price of 34.5p – is supported by Harris Associates and Crystal [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 8, 2009 FINANCIAL TIMESCME HEAD BACKS DERIVATIVES REFORMA powerful exchange chief has brushed aside concerns in the US and Europe over the regulation of over-the-counter derivatives, in comments likely to bolster support for the proposed reforms. Regulators on both sides of the Atlantic are insisting that most OTC derivatives be shifted onto formal exchanges and processed through [...]
BT extends fast broadband plan October 8, 2009 British Telecom is more than doubling its ultra-fast broadband network, taking it to at least 2.5m homes by 2012, instead of the 1m homes originally planned. The network will offer download speeds of up to 100 megabits per second, compared to the current UK average of 4.1mbps.
LXB raising 100m for retail buy October 8, 2009 LXB Properties is preparing to raise around £100m on the public market to buy and develop retail assets in the UK. LXB, the retail property company run by well-known fund manager Tim Walton, is expected to float on Aim. The move is expected to take advantage of low prices for out-of-town retail parks.
