Investment & Business News Headlines

Letter to Editor

With average UK house prices nearly double US prices and, I suspect, house sizes approximately half those in the US, we are looking at prices per sq ft in the UK 3 to 4 times the US level. With some 90% of the UK still not built on, how long will it be before pressure from the younger generation demand a wholesale rethink of restrictive planning policies that have artificially inflated UK prices to extortionate levels?

David Cardale

Oil goes up again

The weather folk said the US was in for a mild winter, but they are not so positive about the next few weeks.

The US weather centre is expecting a cold snap in early December, and that means the heating will go up.

As a result oil had risen all the way...Read More

Posted Nov 30, 2006

Letter to Editor

With average UK house prices nearly double US prices and, I suspect, house sizes approximately half those in the US, we are looking at prices per sq ft in the UK 3 to 4 times the US level. With some 90% of the UK still not built on, how long...Read More

Posted Nov 30, 2006

Mortgage lending sets three year high

What next for the UK property market? If data on mortgage lending is anything to go by, the answer is up.

According to the latest research from the Bank of England, lending on secured dwellings rose to £9.8 billion last month, that’s the biggest monthly rise since September 2003.

If net lending...Read More

Posted Nov 30, 2006

Uncle Sam smiles on GDP but consumers raise a frown

It’s been a bit of a mixed bag this week in the US. Yesterday official data was released to show Uncle Sam performed a lot better in the third quarter of this year than we previously thought. A few weeks ago, the official compiler of stats state side had annualised...Read More

Posted Nov 30, 2006

Scottish smoking ban: sales in foodie pubs rise

Maybe fears that a smoking ban will damage the pub business have gone up in flames. Earlier this month JD Wetherspoon revealed a 5.2 percent rise in like for like sales in Scottish pubs where smoking is banned. But, perhaps an even more telling statistic announced by the company is...Read More

Posted Nov 30, 2006

EMI under offer

When Sony and Bertelsmann agreed to merge their music arms, it was thought that a new wave of mergers was about to begin. The music industry is dominated by the big four: Sony BMG, Warner Music, Universal Music and EMI, and the most obvious candidates for a merger...Read More

Posted Nov 29, 2006

US house prices see biggest ever recorded fall

Maybe then, the SS US economy, the unsinkable economy has just hit that iceberg.

According to The National Association of Realtors (NAR), the median price of existing US homes fell by 3.5 percent in the year to October, taking the average price to $221,000. It was the biggest fall ever...Read More

Posted Nov 29, 2006

Inflation under control, says Bank of England deputy

We already knew she was a dove, but Bank of England Deputy governor, Rachel Lomax, has been cooing so loud this time that one can’t help the suspicion she was speaking up for more than just herself.

Ms Lomax was one of two Bank of England Monetary Policy members to vote...Read More

Posted Nov 28, 2006

House prices? No crash here

The Centre of Economics and Business Research has released a note via its regular Forecast Eye Bulletin, outlining the reasons why it says house prices will never crash in the UK.

It says with “the ratio of house prices to incomes” increasing from 4.4 to 7.9 since 1996”, it is an...Read More

Posted Nov 28, 2006

Can ITV make the grade now?

As we move into the digital age, the UK’s favourite Auntie was beginning to look a little doddery. Still smarting over the Hutton report and the Greg Dyke affair, after a BBC’s correspondent so outrageously suggested government documentation on Weapons of Mass Destruction in Iraq were ‘sexed up,’ one...Read More

Posted Nov 28, 2006

Mortgage lending sets three year high

What next for the UK property market? If data on mortgage lending is anything to go by, the answer is up.

According to the latest research from the Bank of England, lending on secured dwellings rose to £9.8 billion last month, that’s the biggest monthly rise since September 2003.

If net lending...Read More

Posted Nov 30, 2006

Oil goes up again

The weather folk said the US was in for a mild winter, but they are not so positive about the next few weeks.

The US weather centre is expecting a cold snap in early December, and that means the heating will go up.

As a result oil had risen all the way...Read More

Posted Nov 30, 2006

Uncle Sam smiles on GDP but consumers raise a frown

It’s been a bit of a mixed bag this week in the US. Yesterday official data was released to show Uncle Sam performed a lot better in the third quarter of this year than we previously thought. A few weeks ago, the official compiler of stats state side had annualised...Read More

Posted Nov 30, 2006

Scottish smoking ban: sales in foodie pubs rise

Maybe fears that a smoking ban will damage the pub business have gone up in flames. Earlier this month JD Wetherspoon revealed a 5.2 percent rise in like for like sales in Scottish pubs where smoking is banned. But, perhaps an even more telling statistic announced by the company is...Read More

Posted Nov 30, 2006

Hybrid cars: GM makes move as Toyota sees dip

That old ad slogan that the car in front is a Toyota could never be more apt when applied to hybrid cars. Okay, Honda might have a thing or two to say about that statement, but when you compare Japan’s number one automobile maker with the big three US car...Read More

Posted Nov 30, 2006

The falling dollar: Crisis, what crisis?

Do you remember Nigel Lawson? The UK’s chancellor under Mrs T’s boom then bust period, had one big weapon for fighting inflation. He believed the secret to low inflation was a stable currency, and even before the UK joined the ERM, adopted a policy of shadowing the DeutschMark ....Read More

Posted Nov 29, 2006

Apple says to Beatles:

If there is one feather Apple wants in its iPod cap, more than anything else, it’s to sign up the Beatles. The Fab Four are not currently available online – legally, and considering the company that owns their music rights is called Apple Corp, it was felt that if they...Read More

Posted Nov 28, 2006

Is High Street heading for worst Christmas since 1981?

Reports on the economy have been so bullish of late that the comments made by retail analyst, Richard Ratner, of Seymour Pierce stockbrokers, came as something of a shock. “We now believe Christmas 2006 will be worse than 2005, and could be as difficult as, or even softer than 2004,...Read More

Posted Nov 28, 2006

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