Housing market meltdown as sales plummet by HALF in a year and mortgages slump by 70% London Evening Standard | Home loan approvals slump 70% in a year Repossessions soar by 300% Estate agents report dramatic fall in home sales Ratesetter voted to INCREASE interest rates, BOE minutes show | Britain's housing market took a fresh battering today as new figures revealed the number of homes sold has halved in t...
Vodafone cuts revenue outlook, Sarin sees 'hard times' The Australian | VODAFONE lost almost 11 billion British pounds in market value after the world's largest mobile phone company said its profit would suffer. | Shares in fell 20p, or more than 13 per cent, to 129p in Britain last night, after it said that it had trimmed its full-year revenue forecast to the bottom ...
Emirates puts up London landmark, eyes world record Gulf News | Dubai:Emirates Airline unveiled a new landmark for London, a giant model of an Airbus A380 at the gateway to Heathrow Airport. | The 45-tonne world-record contender was unveiled at the Emirates Roundabout by the airline's President Tim Clark. | The...
Facebook.com largest social network in UK with 45% market share TravelDailyNews Facebook.com accounted for 45.29% of UK Internet visits to social networking sites during June 2007, Hitwise announced today. This represents a 188% increase compared with a year ago. Bebo.com, which was the market leader last year, was the second ra...
Can't pay your mortgage? BBC News | Has the credit crunch meant you are no longer able to pay your mortgage? Working Lunch reporter Susannah Streeter has some advice for those feeling the pinch. | ...
FT forgets law of small numbers in tech collapse scenario The Register | The number of UK technology firms suffering financial problems was up 371 per cent for the second quarter of 2008 compared to last year. | But the findings are all relative, according to research analyst Martin Kelway from insolvency specialist Beg...
WN / Janice Sabnal
Ashmore gets majority of Petron Inquirer | Oil refiner and retailer Petron Corp. said Tuesday London-listed investment group Ashmore Group, through SEA Refinery Holdings BV, had acquired 50.57 percent of its stock. | Ashm...
Vodafone sounds warning over revenue The Times Of India | LONDON: Vodafone Group PLC shares plummeted 14 percent on Tuesday after the mobile phone company scaled back its full...
Risk of UK recession rising, rates to fall in 2009 The Guardian By Jonathan Cable LONDON, July 23 (Reuters) - A rapidly slowing UK economy is at significant risk of falling into recession and will force the Bank of England to cut interest rates next year even in the face of high inflation, a Reuters poll showed. ...
Bank of England split three ways on interest rates The Guardian | The Bank of England's was split three ways on this month, minutes of the meeting showed today, highlighting the central bank's dilemma over a slowing but rising . | But the minutes did give a hint that an interest rate cut could be on the cards as ...
'Obsessed with money, introverted and boring' The Guardian | John Darwin told colleagues he was on the way to becoming a millionaire through his property empire. Instead, he disappeared | John and Anne Darwin. Photograph: PA | For a former teacher and prison officer on £22,000 a year, John Darwin loved flas...
TCI buys stakes in PNB, IOB, BoB, Union Bank & Vijaya Bank from Street The Times Of India | MUMBAI: UK-based hedge fund The Children’s Investment (TCI) Fund, known for having forced management changes in a few well-known firms in the West, has quietly acquired large chunks of shares in select Indian banks. Over the past six months, despite stocks taking a battering, the fund...
