Barratt in housing market boost January 14, 2010 HOUSEBUILDER Barratt Developments today fuelled hopes of recovery in the sector with rising volumes and prices bringing about an improvement in operating margins. The FTSE 250 group completed 5028 homes in the six months to 31 December and says it on track to hit its full-year targets of 12,000 completions. The average price of its [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 13, 2010 FINANCIAL TIMES REPSOL CHIEF HEADS FOR SHOWDOWN WITH CRITIC After months of speculation, Repsol’s Antonio Brufau tomorrow will be forced to defend his job as executive chairman of the Spanish oil and gas group against one of his fiercest critics. Luis del Rivero, chairman of Sacyr Vallehermoso construction and property company , wants to unseat [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 12, 2010 FINANCIAL TIMES MAN AND RHEINMETALL MERGE MILITARY VEHICLE UNITS Man, the truck maker, and Rheinmetall, the automotive and defence company, are to merge their military wheeled vehicle businesses, potentially kicking off a limited but long-awaited consolidation in the overcrowded European land systems sector. Rheinmetall MAN Military Vehicles will eventually have about 1,300 employees and revenues [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 10, 2010 THE SUNDAY The Sunday Telegraph GOOGLE BOSS WARNS UK OVER DEBT MOUNTAIN The chief executive of Google, Eric Schmidt, has given warning to the UK and other western governments that reducing their massive deficits will be far harder than in America because of the dollar’s status as the world’s reserve currency. PET CHAIN SUITORS GIVEN [...]
E-book readers, 3D TVs and tablet PCs compete to be top dog of 2010 January 10, 2010 HYPE and prototypes dominated the Consumer Electronics Show (CES) in Las Vegas last week. From the Ford car that lets you send Twitter messages while driving, to the scuba diving mask that can shoot high definition video at depths of 130 feet, the vast majority of products on display will not hit the mainstream. The [...]
Liverpool to begin their climb back up the table January 7, 2010 LIVERPOOL vs TOTTENHAM SUNDAY – 4.00PM SKY SPORTS LIVERPOOL put in another lacklustre display when they were outplayed by struggling Reading in the FA Cup last weekend and things are still not right at Anfield. However, they notched back-to-back Premier League successes for the first time since September when they won at Villa Park over [...]
US factory orders increase but new home sales tumble January 5, 2010 THE upswing in the US economy was underlined yesterday as the latest government figures showed new factory orders rose 1.1 per cent, their third straight monthly increase. Inventory figures for November continued the recovery trend by growing for the second month in a row with a 0.2 per cent rise. After stocks fell for more [...]
Fall in house prices lets in new buyers January 3, 2010 LOWER house prices and falling interest rates have made homes significantly more affordable for first-time buyers in the past 12 months, according to the Halifax. The average price paid by a firsttime buyer in 2009 was affordable in nearly 40 per cent of local authority districts, compared with 24 per cent in 2008 and just [...]
House prices to rise in 2010 December 21, 2009 HOUSE prices will continue to creep up in the New Year but end next year just one to two per cent higher than where they are now, according to new research published today. The Royal Institution of Chartered Surveyors (RICS) predicts that the housing market will revive, with transactions rising to a monthly average of [...]
PREPARE FOR A BOOM IN SILVER PRICE December 21, 2009 THE US dollar’s reversal of fortune has been swift and violent. The sudden shift in sentiment since the beginning of the month has caught many investors by surprise. What began as a correction to the steady and seemingly relentless decline of the greenback against everything but the yen has become more akin to a rout. [...]