HOUSE OF THE RISING MEDIA BARON: DESMOND PLOTS THE ANIMALS GIG June 14, 2011 THE CAPITALIST had an entertaining conversation with Richard Desmond this week, in which the media baron revealed the next rock frontman he would like to enlist to perform with his charity band The Crusaders is… Eric Burdon of The Animals. Desmond was speaking at a preview of his CNBC interview with Channel Five presenter Tania [...]
Making hay the Andrew’s Pitchfork way June 13, 2011 SOMETIMES, trying to find swing points and the right opportunity to take a profit can feel like looking for a needle in a haystack. But using an Andrew’s Pitchfork can give traders a helping hand to identify these points. Though it has fallen out of the mainstream in recent years, the Andrew’s Pitchfork can still [...]
Bellway upbeat as home sales and orders rise June 10, 2011 House developer Bellway has posted a better than expected view of its market, describing its spring selling as “healthy”. Its average home unit sales rate was 111 properties per week in the four months to the end of May, up nine per cent on the same period in 2010. Average selling prices were up four [...]
First time buyer mortgages rise June 9, 2011 The number of mortgages available to first time buyers has nearly trebled in the last two years, according to the website Moneyfacts. Today there are 183 deals for people looking to get on to the property ladder, compared to just 62 this time in 2009.
Shares of IPO firms fail to match FTSE June 8, 2011 SPECIAL INVESTIGATION | CITY AT WAR SHARES in newly-listed companies in London have failed to match the performance of the FTSE All-Share index since stocks began to recover from the financial crisis, rising an average of just 10 per cent compared to the 50 per cent increase seen on the rest of the index. According to the Bloomberg IPO [...]
Trichet’s words could lead to volatility June 7, 2011 FOREX.COM KATHLEEN BROOKS The markets have been embracing the euro with gusto this week. Partly this is a response to the weak US labour market data for May, but it is also due to expectations that the ECB will signal a rate rise in July when it meets on Thursday. The hawkish rhetoric from ECB [...]
Landlords bullish on the future of rental properties June 1, 2011 DESPITE the downbeat outlook on house prices from analysts at Morgan Stanley (see left), UK landlords are increasingly optimistic about their buy-to-let prospects. Forty-nine per cent of landlords think that now is a good time to invest in new properties, according to research by LSL Property Services. Just one per cent are looking at reducing [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2011 FINANCIAL TIMES UK CONSUMER RECOVERY SET TO BE SLOWEST IN 180 YEARS The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts. Families are expected to spend just slightly more by 2015 than they were before the [...]
GENERATION RENT May 31, 2011 A GENERATION of Britons fear being squeezed out of the property market and doomed to a lifetime of renting, a survey reveals today. Nearly two thirds of 20 to 45 year olds who do not already have a mortgage say “they have no prospect whatsoever of buying a home,” according to a report by the [...]
Nationwide grows despite tough market May 25, 2011 NATIONWIDE Building Society gained market share and grew underlying profits by almost a third in the past year despite ongoing housing market stagnation, it said yesterday. Nationwide, the UK’s biggest building society, turned a £276m underlying profit in the year to April, up from £212m in April 2010, against a backdrop of low growth in [...]