POUND-EURO PARITY COMES EVER CLOSER September 23, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM ALMOST a year after the pound touched parity with the euro, the recent rapid drop in the value of the pound has raised speculation that euro-sterling could see parity again in the not too distant future. Sterling-dollar – cable – is also at risk of even more losses now that it [...]
100 per cent mortgages return September 21, 2009 Mansfield Building Society has begun offering a 100 per cent mortgage to first-time buyers who want to buy a home with a housing association.
Official data indicates further stability for UK housing market September 15, 2009 HOUSE prices rose 1.9 per cent in July on the previous month but were still 8.3 per cent less than they were in July 2008, data from the Department of Communities and Local Government (DCLG) revealed yesterday. The less volatile measure of the three months to July showed that house prices rose 2.1 per cent [...]
At auction, there are bargains for cash-rich buyers September 10, 2009 PROPERTY prices might well be looking up at the moment, but the market is still gridlocked. Buyers struggling to get mortgages and others worried that they might lose their jobs. It’s no fun being in a chain right now. Which is why auctions are becoming more popular. Gary Murphy, partner and auctioneer at Allsop, which [...]
Suntory is in talks to snap up Orangina September 10, 2009 JAPANESEbrewer Suntory is in talks to snap up Orangina for at $2.6bn (£1.6bn) as it looks to grow oversees and offset the effects of the rapidly ageing population at home. Privately held Suntory, itself in talks to be sold to bigger rival Kirin, would likely pay more for Orangina than the $2.6bn that Blackstone and [...]
Housing market no longer over-valued September 8, 2009 AT this rate, City A.M. will soon be able to ditch the “Beating the Blues” puff we run every day on our front page. We introduced it during the depth of the recession to emphasise that even though the economy was going to hell in a hand-basket, and life had become truly grim for our [...]
Shared ownership getting young professional boost September 3, 2009 IT’S A COMMON refrain that for young professionals in London, getting a foot on the housing ladder can be nigh-on impossible. Increasingly, ambitious young workers are looking to shared ownership schemes. Originally set up by the government as a way to provide affordable homes in housing association developments to key workers like police and nurses, [...]
Back Chelsea to win it the hard way again at 25/1 August 20, 2009 FULHAM vs CHELSEASUNDAY 4PM, SKY SPORTS 2 CARLO ANCELOTTI has made a pleasing start to life in the Premier League and his side were awesome in the second half against Sunderland on Tuesday night. They don’t have far to travel on Sunday when they make the short trip over to Craven Cottage to face local [...]
Car sales rise on scrappage August 6, 2009 NEW car sales went up for the first time in 15 months in July, as business secretary Lord Mandelson’s “cash for bangers” scheme trickled down to dealers, helping drive up sales by 2.4 per cent year-on-year. The Society of Motor Manufacturers and Traders (SMMT) said 157,149 new cars were registered in the UK last month, [...]
UK housing market shows more signs of stabilisation as prices surge in July August 5, 2009 HOUSE prices in Britain rose 1.1 per cent in July in the latest sign of growing stability in the property market, data from Halifax showed yesterday. The mortgage lender reported that in the three months to July, house prices jumped 0.8 per cent, the first rise on a quarterly basis since October 2007. The rise [...]