Investment & Business News Headlines

It’s been a bumper quarter for insurers.

Recently Britain’s biggest insurer Aviva announced a record nine months in the UK, with its British subsidiary, Norwich Union, seeing total sales of insurance savings products leaping 39 percent. And while the UK was the pick of its regions, it wasn’t half a bad period all round, with global sales up 22 percent to £22.7 billion. In addition to the UK, Ireland, Italy and Poland all saw substantial growth.

Then, last week, the UK’s number four insurer, the Legal General Group, announced a 22 percent rise in sales with annuities...Read More

Vampire bat drug back on

And finally, on this day of Halloween, we thought we would bring news of a potential new medical treatment developed by German company, Paion.

The drug uses saliva from Vampire bats.

In fact, last week the drug’s trial was put on hold over safety fears, but yesterday, news broke that the trials...Read More

Posted Oct 31, 2006

It’s been a bumper quarter for insurers.

Recently Britain’s biggest insurer Aviva announced a record nine months in the UK, with its British subsidiary, Norwich Union, seeing total sales of insurance savings products leaping 39 percent. And while the UK was the pick of its regions, it wasn’t half a bad period all round, with global sales...Read More

Posted Oct 31, 2006

Stern Report: the US reaction

In all the TV and press coverage given to the Stern report there was one quote that stood out above all others that seemed to be the most telling.

We are sure, the Brits have got the message by now. Climate change is a serious issue, and headlines comparing the impact...Read More

Posted Oct 31, 2006

Three million people are waiting for the cost of houses to fall

Cast your mind back to the late ’80s. The chancellor was changing the tax breaks on mortgages taken out by couples and there was a rush to buy a home. House prices became artificially inflated, and then the rate of interest started to rise, and crash went the market.

The question...Read More

Posted Oct 31, 2006

Airbus gets more air miles from down under

At last some good news from Airbus and its giant A380 aircraft. With delays building upon delays, with the comings and goings in the management structure at EADS and Airbus almost matching the complexity of the A380 electronics, (which has often been held out as the reason for each...Read More

Posted Oct 30, 2006

Golden rule to be broken as rate hits 5 and a quarter percent

We all know it won’t happen. Gordon Brown will change the rules, but his beloved golden rule, as it is currently defined will be broken over the next economic cycle says the National Institute of Economic and Social Research.

The NIESR report, which is published every quarter, also reckons that...Read More

Posted Oct 30, 2006

Tax: Why it’s the free market’s answer to climate change.

This weekend an extraordinarily simplistic and frequently incorrect view of the global economy and the huge challenge it faces in climate change, made its way into the mass media.

The Mail on Sunday talked about Gordon Brown introducing a stealth tax to fight global warming, and said families with big cars...Read More

Posted Oct 30, 2006

German inflation, down in the depths

Germany and the UK had quite different experiences in
between the last century’s World Wars. Germany had runaway inflation, the UK high
unemployment. Both vowed never again, and the rest is history.

As a result, Germany has never been a country to see prices runaway with
themselves. Given the way Germany...Read More

Posted Oct 26, 2006

Fed keeps rates on hold, will it slash and burn next year?

Not many were surprised by the Fed yesterday. It elected
to keep the rate of interest on hold for the third time in succession, and, in so many ways,
it seemed like a carbon copy of the last meeting.

The Fed has a hawk. Richmond Fed President Jeffrey Lacker has been...Read More

Posted Oct 26, 2006

Private equity duo munches into biscuit firm

Private equity firms are hungry. The buying habit seems
to be becoming frenzied, and what do the ads say you should do when you are feeling
peckish? Why they say “p p p pick up a Penguin,” and that’s what Blackstone and PAI
have done.

The two private equity firms...Read More

Posted Oct 26, 2006

Stern Report: the US reaction

In all the TV and press coverage given to the Stern report there was one quote that stood out above all others that seemed to be the most telling.

We are sure, the Brits have got the message by now. Climate change is a serious issue, and headlines comparing the impact...Read More

Posted Oct 31, 2006

Vampire bat drug back on

And finally, on this day of Halloween, we thought we would bring news of a potential new medical treatment developed by German company, Paion.

The drug uses saliva from Vampire bats.

In fact, last week the drug’s trial was put on hold over safety fears, but yesterday, news broke that the trials...Read More

Posted Oct 31, 2006

Three million people are waiting for the cost of houses to fall

Cast your mind back to the late ’80s. The chancellor was changing the tax breaks on mortgages taken out by couples and there was a rush to buy a home. House prices became artificially inflated, and then the rate of interest started to rise, and crash went the market.

The question...Read More

Posted Oct 31, 2006

Airbus gets more air miles from down under

At last some good news from Airbus and its giant A380 aircraft. With delays building upon delays, with the comings and goings in the management structure at EADS and Airbus almost matching the complexity of the A380 electronics, (which has often been held out as the reason for each...Read More

Posted Oct 30, 2006

Immigrants contribute 3 percent of GDP.

The UK economy is 3 percent bigger today than it would have been if it wasn’t for immigration since 1997. But the impact is getting more significant, with immigration accounting for no less than 1 percent of GDP in 2005/06, says the NATIONAL INSTITUTE ECONOMIC Read More

Posted Oct 30, 2006

US slows to a crawl.

Uncle Sam’s Housing market is slowing so fast, that the slump in homebuilding knocked 1.1% off annualized economic growth.in the US in the third quarter of this year.

In all, the US could manage an annual growth rate of just 1.6 percent, compared to 2.6 percent in the previous quarter and...Read More

Posted Oct 30, 2006

Is it irrational exuberance or just irrational celebration?

Twenty five years, that’s how long it took the
Dow Jones Industrial average to regain the levels seen just before the 1929 crash.
And when markets crashed in 2000, parallels were drawn. For just a couple of years,
it seemed like history would indeed repeat itself, as the growth in...Read More

Posted Oct 27, 2006

US housing - fears of crash return

The big fear concerning the US economy relates to
house prices. The debate mirrors the arguments put forward in the UK a while ago: will
they crash, or will there be a soft landing? If they crash, a US recession could follow,
that’s how serious this is.

And now news out...Read More

Posted Oct 26, 2006

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