WHAT THE OTHER PAPERS SAY THIS MORNING November 2, 2010 FINANCIAL TIMES ITV BLAMES REGIME FOR NEED TO CHASE RATINGS ITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into [...]
Lloyds gives upbeat trading update November 2, 2010 Lloyds Banking Group has said it remains on target to deliver a “good financial performance” for 2010. The bank promised to speed up the pace at which it paysback the taxpayer after it was bailed out from the public purse. Lloyds, which returned to profit during the first half of the year, added that its [...]
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 for third consecutive month October 28, 2010 House prices fell for the third month in four in October, figures from Nationwide have shown. The average price of a property fell 0.7 per cent this month after a flat reading in September. That was almost twice the drop economists had expected and meant the three-month on three-month rate of decline accelerated to 1.5 [...]
UK Mortgage approvals at ten-year low October 25, 2010 MORTGAGE lending fell to its lowest level in a decade in September, the latest figures from the British Banker’s Association (BBA) showed yesterday confirming earlier figures produced by the Council of Mortgage Lenders (CML) last week. Gross mortgage lending stood at £8bn last month, 10.8 per cent lower than a year earlier. The number of [...]
US foreclosures set for probe as Bernanke admits concern October 25, 2010 FEDERAL Reserve Bank chairman, Ben Bernanke, said yesterday the initial findings of an investigation by US regulators into home foreclosures would be published in November. Bernanke said federal banking agencies were conducting an “in-depth” review of practices at the largest US mortgage lenders as he addressed a joint conference of the Fed and the Federal [...]
New homes attract stronger valuations October 24, 2010 THE new homes market continued to outperform the general market in September despite an increase of almost 300 per cent in the number of homes coming to market, a study showed. The average price of a new home increased 1.3 per cent to £222,561, whereas figures from mortgage provider Halifax indicated that general market prices fell [...]
BUYING October 21, 2010 RUSSELL HUNT MANAGING DIRECTOR, PROPERTY HUNT Q.Dear Russell, I am a first-time buyer, please can you advise me on the buying process? A.Before you have found a property and agreed to buy, you need to make sure that you have your finances all in place. It is also really important to have your solicitor set [...]
PROPERTY NEWS October 21, 2010 HOME BUYERS GO GREEN It appears that Britons’ global conscience is alive and well. A new survey commissioned in advance of Energy Saving Week (25-31 Oct) says that over half of people are attracted to a new home because of its energy efficiency. Well, ok, maybe there is a little bit of self-interest there: the [...]
Mortgage lending is down 7 per cent October 20, 2010 GROSS mortgage lending fell to just £12bn last month, which was the lowest September total for a decade, figures from the Council of Mortgage Lenders (CML) revealed yesterday. This was 7 per cent lower on September 2009 when lending was £12.9bn and 1 per cent lower on the previous month. The September 2010 figure was [...]