Investment & Business News Headlines

Mortgage holders in for a shock

“The focus over the last few months has very much been on subprime borrowers, but they are only the tip of the iceberg,” said Mintel yesterday.

And with those words Mintel put the Fear Of God up the UK property market.

Mintel reckons 9 per cent of mortgage holders in the UK are subprime, but that another 24 per cent were non-standard with irregular incomes.

And that’s a problem, says Mintel, because when these mortgageholders come to move, and need to get a new mortgage, or if they want...Read More

Wage revolution hits Bangalore, but misses UK

It’s good news for workers of India, while the Vietnamese and Chinese have reason to celebrate. Closer to home, Bulgarians and Turks should be laughing, but it’s not so good for the Brits, or indeed Germans and French.

Earlier this week, human resources group Mercer released its projections...Read More

Posted Nov 28, 2007

Mortgage holders in for a shock

“The focus over the last few months has very much been on subprime borrowers, but they are only the tip of the iceberg,” said Mintel yesterday.

And with those words Mintel put the Fear Of God up the UK property market.

Mintel reckons 9 per cent of mortgage holders in...Read More

Posted Nov 28, 2007

Germany sees bright landscape, but cloudy

As you may know, while the US totters and the UK starts watching its footing with trepidation, Germany seems to be returning as a major player on the world stage.

It has now pretty much paid off the cost of re-unification, and it has quite impressively managed to...Read More

Posted Nov 28, 2007

Is this the winter of Uncle Sam's discontent?

Right now, or so it would appear, we are entering the winter of discontent in the US. The latest news out yesterday was grim indeed.

The bard, after opening his play Richard III with his famous saying on discontent, went on to describe the central character as,...Read More

Posted Nov 28, 2007

Branson gives hope to Northern Rock shareholders

There are always two extremes. One extreme says that Northern Rock should be bust by now. If it was a business operating in any other sector, or indeed if it was a business operating in any other region, it would be in administration by now. The other...Read More

Posted Nov 27, 2007

Dow moves to correction phase

It’s now a correction. Yesterday, the Dow Jones Industrial Average fell by another 237 points and all of a sudden the index is now more than 10 per cent below its year peak, seen on October 9. In fact the index is now 1,420 points from the...Read More

Posted Nov 27, 2007

Good news from the US, at last

Phew, at last some good news from the US.

Friday, as you may know, was Black Friday. No, this name does not refer to a day of disaster, rather it was the day back after Thanksgiving, a day always known as Black Friday. It’s a big shopping day, so...Read More

Posted Nov 26, 2007

House prices gloom, but BBC still misses the point

Two pieces of news broke on the UK housing market over the last few days and its difficult to think of two words to better sum up the findings than: “Oh, dear.” The national media has awoken to it all too with, for example, the BBC...Read More

Posted Nov 26, 2007

Does Chinese inflation matter?

Inflation in China is surging, leaping to 6.5 per cent recently. Some say it’s just down to blue ear disease in pigs, and once this goes, prices will immediately fall back. Others say the problem is deeper than that, and that the economy has been growing too...Read More

Posted Nov 23, 2007

Germany lights beacon of hope

Germany has done it the hard way. While the US has boomed on the back of consumer spending, Germany has done it the old-fashioned way. It has grown through producing things.

It has not been easy, and earlier this decade it hit recession, twice.

But, at last, the cost of...Read More

Posted Nov 23, 2007

Germany sees bright landscape, but cloudy

As you may know, while the US totters and the UK starts watching its footing with trepidation, Germany seems to be returning as a major player on the world stage.

It has now pretty much paid off the cost of re-unification, and it has quite impressively managed to...Read More

Posted Nov 28, 2007

Wage revolution hits Bangalore, but misses UK

It’s good news for workers of India, while the Vietnamese and Chinese have reason to celebrate. Closer to home, Bulgarians and Turks should be laughing, but it’s not so good for the Brits, or indeed Germans and French.

Earlier this week, human resources group Mercer released its projections...Read More

Posted Nov 28, 2007

Is this the winter of Uncle Sam's discontent?

Right now, or so it would appear, we are entering the winter of discontent in the US. The latest news out yesterday was grim indeed.

The bard, after opening his play Richard III with his famous saying on discontent, went on to describe the central character as,...Read More

Posted Nov 28, 2007

Branson gives hope to Northern Rock shareholders

There are always two extremes. One extreme says that Northern Rock should be bust by now. If it was a business operating in any other sector, or indeed if it was a business operating in any other region, it would be in administration by now. The other...Read More

Posted Nov 27, 2007

Debt almost doubles in seven years

So how serious do you think debt is? Yesterday, Pricewaterhouse Coopers deposited its pennyworth into the debate.

And its findings: this year the average adult now owes £33,000, compared with £17,000 in 2000.

It says, “Households have already stretched their borrowing capacity. Their finances will be further tested as many...Read More

Posted Nov 27, 2007

Sovereign funds in double strike

Two giants of the corporate world have found themselves on the receiving end of multi billion dollar investments from sovereign funds, this morning. The two companies are as different as you can get, but maybe the two announcements made yesterday signify something far deeper and far...Read More

Posted Nov 27, 2007

France and China: the happy couple

“Allow me to admit something,” said French President Nicolas Sarkozy in China yesterday.” It was not a big effort for me to accept your invitation. Because if you hadn’t invited me, I would have come anyway.”

What a difference a couple of hundred years can make. When Britain...Read More

Posted Nov 26, 2007

How important is the EU to the world?

Back in 2005, our Gordon contributed to the debate. While he was still having to put up with the ignominy of being the UK’s number two, but was at least revered as a man with the golden touch, GB did some sums.

In 1980, reckoned the previous Scottish Chancellor,...Read More

Posted Nov 23, 2007

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