Investors bet on 2015 Federal Reserve interest rate hike as they pile cash into stocks and real estate – Bank of America Merrill Lynch’s fund manager survey November 17, 2015 Investors are gearing up for an imminent US interest hike and are piling cash into stocks, real estate and alternative investments, according to new survey figures. Four fifths of the 201 panelists – who have $576bn (£379bn) under management – said they expected a Federal Reserve interest rate hike before the end of the year, [...]
London house prices: Buyers in the capital now have £100k income for first time ever November 17, 2015 The average income of London's homebuyers has shot up in the past three months, putting the figure at a six-digit sum for the first time since records began. Buyers' income now stands at £104,000, a rise of six per cent on the previous three months, according to the latest official figures on house prices from the Office [...]
Copper price hits new six-year low as Paris attacks continue to take their toll November 17, 2015 The price of copper has plunged to a new six-year low, as investors continue to shy away from the risky commodity in light of the Paris attacks. On Tuesday morning, it dropped to below $4,600 per tonne on the London Metal Exchange for the first time since 2009. This followed on from a huge sell-off [...]
HomeServe fixes up profit of £26.2m for 2015 half year results as customer numbers continue to rise November 17, 2015 HomeServe this morning revealed adjusted profit before tax of £26.2m for the six months ended 30 September 2015, up less than one per cent from £26m for the same period last year. However, adjusted profit before tax on a constant currency basis would have been £28m, an increase of eight per cent. Net debt for [...]
France to be given budget leeway by European Commission after Paris attacks November 17, 2015 The European Commission (EC) said it will reassess France’s budget needs once its security budget plans are made clear. Commissioner Pierre Moscovici also said an agreement had been reached with Greece paving the way for the disbursement of bailout cash – a deal will release €2bn to Greece and a €10bn bank recapitalisation package. It [...]
German investor sentiment rebounds despite Paris attacks and Volkswagen emissions cheating scandal November 17, 2015 German investor sentiment rebounded this month, according to new survey figures published today, suggesting a limited impact on confidence from the Paris attacks. The data also shows that investors are upbeat despite the evolving emissions cheating scandal that has plagued Volkswagen since September. ZEW’s indicator of economic sentiment for Germany rose in November to a [...]
UK house prices: Greenwich, Kew, Westminster and the country’s Unesco World Heritage sites command an £80k property premium November 17, 2015 Homeowners living near the landmarks of maritime Greenwich or leafy Kew Gardens are sitting on a premium worth nearly £80,000. Along with another 27 spots across the country – from Devon to Orkney- homes nearby command more thanks to their status as a World Heritage Site. While the average property price across the UK comes in at £284,127, those located near to a [...]
UK house price growth at its highest since March – as average house price edges towards £290,000 November 17, 2015 The average UK house price hit £286,000 in September this year, setting yet another record, after August's average of £285,000. Prices rose 6.1 per cent in the year to September, up from 5.5 per cent in the year to August. Between August and September, prices rose 0.8 per cent on a seasonally-adjusted basis, with first-time buyers found [...]
UK inflation stays at -0.1 per cent in October as food and booze prices fall November 17, 2015 Just in time for Christmas. Prices in the UK fell for the second consecutive month in October, figures from the Office for National Statistics revealed this morning. The annual inflation rate was -0.1 per cent, led by sharper falls in the prices of food and booze and a slower rise in tobacco prices. Food prices were down three [...]
Lidl becomes official supermarket of the England football team November 17, 2015 England's football team will be indulging in Lidl's selection of discount goods after the supermarket signed a three year deal to become its official food supplier. It will also supply fruit and veg to the Scottish and Welsh national teams. Lidl will also become a backer of the FA's grassroots football initiatives which aim to give professional coaching [...]
