Investing your love in bricks and mortar November 18, 2010 1 BUDGET Before you start the fun stuff – househunting – make sure you have covered the boring stuff: finances. Work out how much you can afford to put towards mortgage repayments each month, based on your joint net income, and joint outgoings. If, like Kate and William, you are thoroughly modern and are already [...]
China secures 100-aircraft order for its first commercial jetliner November 16, 2010 China yesterday announced a 100-plane order for its first commercial jetliner, a first step in its ambitions to challenge Airbus and Boeing for a slice of a global market worth $1.7 trillion. State-owned COMAC, or Commercial Aircraft Corp of China, unveiled the orders at the country’s largest air show yesterday, ending a dearth of orders [...]
HMV lifted by Russian buyer November 10, 2010 HMV Group saw its shares rise yesterday after Russian billionaire Alexander Mamut upped his stake to above three per cent. The company’s stock had slumped 49 per cent this year as the DVD and CD seller, which also owns Waterstones, hit tough times. HMV has been moving into live music events and venues as it [...]
New buyers gain in slump November 8, 2010 A SLOWDOWN in the housing market could tempt first-time buyers to take their first step onto the property ladder over the coming year, new research has shown. Around 26 per cent of people who intend to buy a home will be doing so for the first time, up from a low of 22 per cent [...]
Market cools as property prices tumble November 4, 2010 AVERAGE property prices have fallen 1.2 per cent in the last three months, according to the latest Halifax house price index. The closely watched index from the Lloyds Banking Group-owned lender showed house prices rose 1.8 per cent in October which helped to partially reverse the 3.7 per cent decline from the previous month. But [...]
Apple under pressure to make a big money deal November 1, 2010 APPLE has $51bn (£32bn) burning a hole in its very deep pockets. This has led to rumours it is about to buy anything from a small European nation (possibly Belgium) to a terracotta army fashioned in the image of its iconic leader Steve Jobs. Most persistent, though are the whispers that it is fallen Japanese [...]
The housebuilder who is ready to take the long road back to recovery October 31, 2010 DESPITE the generally depressed state of the housebuilding and residential property market, Taylor Wimpey’s chief executive Peter Redfern says he is pretty pleased with business. But sitting in the boardroom of his London office, his mood appears more reflective than upbeat. “Prices are very stable at the moment,” says Redfern. “Stable is good for us. [...]
House prices fall yet again October 28, 2010 THE average house price fell 0.7 per cent in October, equivalent to a drop of £2,376, Britain’s biggest building society said yesterday. Nationwide building society said the value of the average home is now £164,381 compared to £166,757 a month ago. Over the last three months house prices have fallen 1.5 per cent, marking the [...]
Find yourself the perfect snowy bolthole October 28, 2010 AFTER reports this week that the UK economy has sharply bounced back from recession, confidence has returned to the second home market and those with a penchant for skiing can’t help but turn their attention Alps-ward – especially as the first snowfall of the season came two days ago. “We’ve seen an increase in demand [...]
PIMCO’S GROSS ISSUES WARNING OVER A BRAZEN PONZI SCHEME: QE October 27, 2010 PIMCO’S resident bond expert Bill Gross yesterday, in his usual verbose fashion, issued a stark warning over the upcoming second round of quantitative easing (QE) in the US – dubbing it no less than a “Ponzi scheme” on the part of the Federal Reserve. “Check [sic] writing in the trillions is not a bondholder’s friend; [...]