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 [...]
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 [...]
US economy in slim GDP rise October 29, 2010 US economic growth edged up as expected in the third quarter but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week. Gross domestic product expanded at a two per cent annual rate as consumer spending rose at its fastest pace since 2006, the [...]
Wall Street edges up after turbulenceTHE NEW YORK REPORT October 21, 2010 Wall Street inched higher in a volatile session yesterday, torn between strong corporate earnings and a surge in the US dollar. The Dow Jones Industrial Average gained 38.60 points, or 0.35 per cent, to 11,146.57. The Standard & Poor’s 500 Index gained 2.09 points, or 0.18 per cent, to 1,180.26. The Nasdaq Composite Index gained [...]
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 [...]
West LB’s bad bank records €1bn in losses October 7, 2010 GERMANY’S first bad bank, WestLB’s EAA, posted risk provisions of €1.44bn (£1.2bn) for its 2010 fiscal year and expects more to come as its markets show little signs of recovery. EAA (Erste Abwicklungsanstalt) posted a net loss of €1.05bn in its shortened fiscal year from December 2009 to June 2010, co-head Matthias Wargers said yesterday. [...]
Bank stocks drag on flat FTSE 100 September 29, 2010 WEAK banks dragged Britain’s top share index lower yesterday on persistent concerns over European debt, while drug stocks were also under pressure, offsetting strength from BP. The FTSE 100 closed down 9.17 points, or 0.2 per cent, at 5,569.27, having quickly surrendered an opening push above 5,600. Banks were the main drag on blue-chip sentiment, [...]
Borrowing at a 10-year low September 20, 2010 MORTGAGE lending in the UK hit a 10-year low in August falling to £11.4bn, down 14 per cent from £13.3bn in July, the Council of Mortgage Lenders (CML) said yesterday. The figure was also down six per cent from £12.1bn in August 2009 with the CML warning lending levels were likely to remain subdued until [...]
Mortagage lending falls in August September 20, 2010 Gross mortgage lending fell six per cent year-on-year in August to £13.3bn, the Council of Mortgage Lenders has said. That was the lowest August total since 2000 and represented a drop of 14 per cent from July. The figures chimes with other surveys in showing a cooling in the housing market following a sharp recovery [...]
FSA set to hit Goldman with a £20m fine September 8, 2010 WALL Street titan Goldman Sachs has been fined £20m by the Financial Services Authority (FSA) for failing to disclose it was under a fraud investigation by its US counterpart. The fine, expected to be announced this morning, concludes a five-month long probe by the City watchdog launched after the US Securities and Exchange Commission (SEC) [...]