Wall St surges as confidence picks up September 1, 2010 WALL Street posted its best day in eight weeks yesterday as investor mood brightened after better-than-expected factory data from the United States and China. Investors jumped on stocks across the market, with more than six shares rising for every one that fell on the New York Stock Exchange, while on the Nasdaq, nearly five stocks [...]
Use technicals to chart your course through jumpy markets August 30, 2010 WHEN nervous markets are jumping upon every single piece of economic data as an excuse to swing one way or the other, it can be extremely difficult for contracts for difference (CFDs) traders to concentrate on analysing the market movement. But while traders should certainly not ignore the fundamentals, a blizzard of figures can hinder [...]
CONTROLLING COSTS August 26, 2010 Q.I am thinking about selling my business in the near future. How do I go about finding a buyer? A.The most common route is to get in touch with corporate finance advisers, says Jenny Robertson, senior associate at Stevens & Bolton, a law firm. “The first thing you need to do is to get a [...]
FOCUS ON: WEMBLEY, HA9 August 26, 2010 CENTRAL APARTMENTS From £230,000 Ideal for first-time buyers, this new development comprises 113 apartments. All flats are open-plan and have their own balconies with views as far as the London Eye. Contact: St Modwen’s on 0844 371 1301, www.wembley-central.co.uk MIDHOLM £470,000 It’s in need of some modernisation, but this three-bed detached property is an ideal [...]
Be prepared for the turbulent autumn ahead August 25, 2010 INVESTORS fed up with volatile, range-bound markets that apparently have little sense of clear direction will be cheering the end of the summer and the dust being swept off the City trading floors. But those hoping for an immediate return to normality and a bullish rebound are likely to be sorely disappointed. The FTSE 100 [...]
Car sales slip for first time this year August 19, 2010 CAR production in Britain dropped by 8.9 per cent in July as the end of the scrappage scheme hit demand, the Society of Motor Manufacturers and Traders (SMMT) said yesterday. Production for the year-to-date was still 41.7 per cent higher than in the same period in 2009, SMMT said. Last month’s drop – with 98,000 [...]
PERSONAL FINANCE NEWS August 19, 2010 LOYALTY DOESN’T ALWAYS PAY Shopping around for a cheaper quote for your car insurance really does pay off, according to research from Which?, the independent product-testing and consumer campaigning champion. It surveyed nearly 2,500 consumers and found that more than a third accepted their original car insurers’ renewal quotes because they “couldn’t be bothered to [...]
FOCUS ON: MORDEN, SURREY August 19, 2010 RIVERSIDE HOUSE, MORDEN ROAD £199,950 This two-bedroom apartment in a smart riverside development is ideal for the first-time buyer. It has an undercover reserved parking bay. Contact: Ellisons on 020 8543 1166, www.ellisons.uk.com MAIN HOUSE, THURLESTON AVENUE £499,950 A semi-detached five-bedroom property close to Morden Park, this family home has an extensive rear garden and [...]
China surges past Japan in symbolic shift August 16, 2010 CHINA’S per capita annual income is just $3,600 (£2,299) compared to Japan’s $37,800 but in the second quarter of this year the once impoverished communist state surged past Japan to become the world’s second-largest economy. The faltering Japanese economy grew by just 0.1 per cent in the three months to June, an annualised pace of [...]
Mortgage lending jumps in June but volumes stay below pre-crisis levels August 11, 2010 HOME loan volumes picked up in June but still languished at about a third of their pre-financial crisis levels, according to the Council of Mortgage Lenders (CML). Banks and building societies extended £13.1bn of credit to housebuyers in June, an increase of 15 per cent on May’s figure and seven per cent up on the [...]