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April 16, 2008

Dax gains 1.79 percent in Frankfurt

by Elaine Frei
Dax gains 1.79 percent in Frankfurt
Europe’s markets were higher on Wednesday, with the FTSE Eurofirst 300 adding 1.65 percent to 1,302.78 while the CAC-40 was up 1.56 percent to 4,855.1 in Paris, the IBEX was 1.71 percent higher to 13,637.6 in Madrid, and the Dax gained 1.79 percent to 6,702.84 in Frankfurt. In London, the FTSE 100 added 2.36 percent to 6,046.2 while the FTSE 250 gained ...




Arrangement fees double on best fixed-rate loans

by Gill Montia
”Arrangement
Interest rates are not the only reason that mortgage costs in the UK are continuing to rise. According to a report by online mortgage broker, Mform, the average fee charged for the most competitive three-year fixed-rate deal has risen 96% in year. In March of last year borrowers could expect to pay a fee of around £578 for such a loan but ...




PM forced to address questions about his leadership

by Kay Mitchell
”PM
Yesterday, Prime Minister Gordon Brown met with bank chiefs from Lloyds, Barclays, HSBC, Royal Bank of Scotland and Nationwide as the City struggles with fallout from the US sub-prime crisis and the credit squeeze. No. 10 said the talks were to discuss ways to improve confidence in the housing market and was not a crisis meeting and had been in ...




Car parking influences car insurance premiums

by Kay Mitchell
”Car
According to AA Insurance, where you park your car can have an impact on your car insurance premium, especially in a city. By keeping your car locked in a garage overnight, you can save between 7% (in a rural community) and 35% (in an inner city environment) on your car insurance. Research from AA Personal Loans has revealed that residential streets are ...




Pensioners slipping below the poverty line

by Kay Mitchell
Pensioners slipping below the poverty line
Figures from the Office for National Statistics (ONS) have established that half of all single pensioners receive an annual income of under £6,000. The ONS figures, which cover 2005/06, also revealed that 62% of pensioner couples had a total pension income of less than £10,000. The research is highlighting the need for a private pension as figures from financial advice company Hargreaves ...




City could lose 40,000 jobs

by Kay Mitchell
”City
Analysts at JPMorgan said as a result of the fallout from the US sub-prime mortgage crisis and the credit squeeze, job losses London's City financial district could be around 40,000. This is double the figure first feared and amounts to one in 10 jobs. Some companies in the Square Mile and Canary Wharf are grinding to a halt and bankers and support ...




Retirement ruined by downsizing

by Kay Mitchell
Retirement ruined by downsizing
A study by Saga has revealed that 10% of retirees are forced to move house once they stop working. Saga said as living costs continue to soar, retirees do not have sufficient funds to cover a settled and comfortable retirement. Consequently, retirees are forced to move home or downsize in order to achieve living costs in line with their pension. The study revealed ...