House prices: is the pendulum swinging in favour of buyers?

10 Mar 2010 [0 Comments | 106 views]

Last month was a tricky one for the housing market. Both the Nationwide and Halifax had prices down. The Bank of England’s latest data on mortgage approvals showed a sharp drop, and Hometrack was full of negativity sentiments. But then again, you can’t read much into one month’s worth of data. The snow may have been the

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Banking

Monday Digest: Manufacturing soars, HSBC is sore

1 Mar 2010 [0 Comments | 151 views]

The UK economy may have only limped out of recession during the final quarter, but if the latest data from CIPS/Markit is any guide, manufacturing is positively booming. The latest Purchasing Managers Index – which is one of the most closely watched of all economic indicators – stayed firm in February, scoring 56.6. Okay, it

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Business news

Monday’s digest – China looks to welfare, Manchester United looks at leverage, and the BCC looks at the UK’s tax on jobs.

8 Mar 2010 [0 Comments | 187 views]

It’s all kicking off in China. Maybe at last the economy behind the Great Wall is starting to see things the Western way. Well, at least partially, anyway. It was the time of the annual state of the nation address from China’s Premier, Wen Jiabao. As you know, the problem in China is that the economy produces more

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