Why bonds are a boon for investors November 18, 2009 FOLLOWING his appointment as the CEO of the London Stock Exchange (LSE) this summer, Xavier Rolet announced plans to open a retail bond market here in the UK. He said: “There is a clear need, particularly in the SME sector, for a lot of companies to be able to tap the bond market, particularly for [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 18, 2009 FINANCIAL TIMES LLOYDS OFFLOADS MALL FOR £300MHammerson, the UK real estate investment trust, has emerged as the preferred buyer of a £300m shopping mall near Glasgow being sold by Lloyds Banking Group after the original owner defaulted on the loan. The UK commercial property market has seen few sales by the larger lending banks, in [...]
Gold soars to another high November 16, 2009 GOLD surged to a new record last night, with gold futures rising to $1,144.20 (£679.50) an ounce in after hours trading. It is just one week since the cost of the precious metal smashed through the $1,100-an-ounce barrier for the first time. The price of gold has now jumped by around 10 per cent in [...]
Jump in US mortgages but demand for new loans falls November 12, 2009 THE NUMBER of US mortgage applications went up last week as lower fixed rates increased the call for refinancing, but demand for new home loans fell to a nine-year low. Average 30-year mortgage rates fell 0.07 percentage point to 4.9 per cent in the week ended November 6, making a new run toward the record [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 11, 2009 FINANCIAL TIMES BLUECREST TO RELOCATE 50 STAFF TO GENEVABlueCrest Capital, one of the UK’s largest hedge funds, is moving a significant portion of its operations to Geneva amid growing concerns about London’s status as a centre for alternative asset managers. Founded in 2000 by former JPMorgan traders Bill Reeves and Mike Platt, the $15.5bn firm [...]
WHAT THE OTHER PAPER SAY THIS MORNING November 8, 2009 THE SUNDAYSThe Sunday TelegraphBAE HIRES PINOCHET LAWYER FOR SFO FIGHTBAE Systems has instructed General Pinochet’s former QC to handle its defence if the Serious Fraud Office (SFO) is successful in persuading the Attorney General to proceed with a fraud prosecution against the arms manufacturer. GOVERNMENT PLANS FAST-TRACK NUCLEAR EXPANSIONThe government is set to hand an [...]
Prem goal fest means punters who buy goals keep winning November 8, 2009 A FEW weeks ago, there was a story kicking about that the high street bookies were suffering because of the low number of draws that we have seen in the premier league so far this season. The high number of goals meant that there were fewer nils-nils and one-alls, and far more edge-of-the-seat, high-scoring thrillers. [...]
Fulham’s back in the property game, so jump in quick November 5, 2009 LONDON’S Holy Grail of property, SW6, all but died after Lehman Brothers fell. “A year ago I was sitting at my desk wondering if I’d ever sell another house,” says Lindsay Cuthill, of Savills’ Fulham office. According to Savills’ research director Lucian Cook, prices in Fulham fell by 25 per cent after the crash, compared [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 4, 2009 THE FINANCIAL TIMES OPEL U-TURN LEAVES GERMANY ANGRYGermany and Russia reacted furiously to General Motors’ surprise decision to keep Opel rather than sell it, throwing up fresh uncertainty about the future direction of one of Europe’s biggest carmakers. The news that GM’s board had abandoned the sale of Opel/Vauxhall to Canada’s Magna and Russia’s Sberbank [...]
FOCUS ON: FARNBOROUGH, HAMPSHIRE October 29, 2009 BROADHURST RD, GU14 9XAPrice: 495,000This large six-bedroom, detached property is just 35 minutes away from Waterloo. It also has a garden and off road parking.Contact: Mann Countrywide on 01252 546267, www.manncountrywide.co.uk ALBERT ROAD, GU14 6SLPrice: £624,950This stylish five-bedroom property comes with conservatory, private back garden and off road parking. Ideal for commuters.Contact: Mann Countrywide on [...]