European equities markets were significantly lower Monday after German Chancellor Angela Merkel’s Christian Democratic Union party lost an election in her home state to the Social Democrats, with how Chancellor Merkel handled the European debt crisis as a key issue in the campaign, while banks were lower across Europe after the United States sued 17 [...]
European equities markets were lower Friday after the US Labor Department reported that there was no job growth in the United States in August, leaving the unemployment rate at 9.1 percent, and that for those with jobs, the number of hours worked and hourly earnings were both down during the month. The FTSE 100 was [...]
European equities markets were mostly higher Thursday, but the Dax dropped 0.94 percent to 5,730.63 in Frankfurt after private consumption dropped by 0.7 percent in German in the second quarter and the economy there saw more imports than exports. The FTSE 100 was up 0.45 percent to 5,418.65 in London, while the FTSE 250 added [...]
European equities markets were higher Wednesday after ADP Employer Services said that the US private sector added 91,000 jobs in August and on the possibility that the US Federal Reserve will announce more action to help the US economy at its next meeting. The FTSE 100 was up 2.39 percent to 5,394.53 in London, while [...]
Most European equities markets were higher Tuesday, with London’s markets seeing gains after taking Monday off for a bank holiday. The FTSE 100 added 2.7 percent to 5,268.66 in London, while the FTSE 250 was up 2.46 percent to 10,243.2 as banks and miners saw significant gains. Platinum miner Lonmin (LSE: LMI) was the best [...]
European equities markets were higher after a report from the US Commerce Department said that US consumer spending was up by 0.8 percent in July as people spent on cars and on energy to cool their homes during a very hot summer in much of the nation. While London’s markets were closed for a bank [...]
European equities markets were lower to end the week on Friday, with trade hurt by a report from the US Commerce Department which showed that the US economy grew by 1 percent in the second quarter over the same period last year, less of an advance than expected, while the latest Thomson Reuters/ University of [...]
European equities markets were lower Thursday on the possibility that regulators will impose new restrictions on equities markets as a deadline approaches in France, Spain and Italy for a decision on whether or not to extend bans on short-selling which expire over the next two days. The FTSE 100 was down 1.44 percent to 5,131.1 [...]
UK residents holding cash and investments with Swiss banks are to be taxed by Swiss authorities, with the money then handed over to HM Revenue and Customs (HMRC). A deal has been agreed between governments whereby account holders can retain their anonymity but will be forced to make their contribution to the Treasury. HMRC expects [...]
European equities markets were higher Wednesday after the US Commerce Department reported that orders for durable goods, those products meant to last for three years or more, were up by 4 percent in the US in July, more than expected after having dropped in June. The FTSE 100 was up 1.49 percent to 5,205.85 in [...]
Most European equities markets were higher Tuesday, helped by speculation that the Federal Reserve will move to support the US economy and after a purchasing managers’ index in China indicated that manufacturing there is in better shape than expected, although gains were tempered as investor confidence declined more than expected in Germany. The FTSE 100 [...]
Most equities markets in Europe were higher Monday on the possibility that the US Federal Reserve could soon propose new stimulus measures. The FTSE 100 was up 1.08 percent to 5,095.3 in London, while the FTSE 250 added 0.98 percent to 9,854.78 as miners were mostly higher as gold and silver prices were higher and [...]
Equities markets in Europe were lower again Friday after the Philadelphia Federal Reserve reported that its general economic index dropped significantly, from a reading of 3.2 in July to minus 30.7 this month, showing a steep contraction in the region, while recent figures also showed that Germany’s economy grew at a slower rate than forecast [...]
European equities markets were significantly lower Thursday on dissent within the US Federal Reserve over monetary policy among officials, while markets were also hurt by new numbers from the US Labor Department showing that first-time unemployment claims were up by 9,000 to 408.000 last week, more of an increase than had been forecast. Two officials [...]
European equities markets were mixed Wednesday, with the FTSE 100 down 0.49 percent to 5,331.6 in London, while the FTSE 250 dropped 0.42 percent to 10,369.4, while the Dax was also lower but the CAC-40 and the IBEX both saw gains. Most miners were higher in London, with Aquarius Platinum (LSE: AQP) leading the sector’s [...]
European equities markets were higher Friday after France, Spain, Italy and Belgium all banned short-sales, in which borrowed assets are sold with the intention of the borrower buying back the assets later to return them to the lender, with the seller hoping the price of the assets will drop between the sale and repurchase so [...]
European equities markets were higher Thursday as investors felt that economic growth has not slowed down as much as recently estimated. The FTSE 100 was up 3.11 percent to 5,162.83 in London, while the FTSE 250 added 2.52 percent to 10,139.83 as all but one miner saw gains on higher metals prices, although Randgold Resources [...]
European equities markets were substantially lower Wednesday on concerns that the debt crisis there is spreading and on skepticism that moves by the US Federal Reserve will keep the US economic recovery from slowing. The FTSE 100 was down 3.05 percent to 5,007.16 in London, while the FTSE 250 dropped 1.98 percent to 9,890.96 as [...]
European equities markets were mostly higher Tuesday after seven days of declines as investors hoped that the US Federal Reserve would take action at a meeting scheduled for today to aid the economy and restore confidence in the markets after last week’s downgrade of US credit by Standard & Poor’s and its follow-up in downgrading [...]
European equities markets were significantly lower again Monday after Standard & Poor’s downgraded US credit from AAA to AA plus on Friday evening and reiterated the US outlook as “negative”, citing suspicions that Congress will not reverse Bush-era tax cuts or adjust entitlements as ways of bring down US debt. The FTSE Eurofirst 300 was [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Directory | Contact us
