European equities markets were lower Monday as investors were disappointed by the inability of finance ministers to find any new solutions to the region’s debt crisis at a meeting over the weekend, sending banks lower on concerns that the crisis could hurt the sector. The FTSE 100 was down 2.03 percent to 5,259.56 in London, [...]
Most European markets made gains Friday on the hope that finance ministers meeting in Poland will announce new measures to pull the region out of its debt crisis. The FTSE 100 was up 0.58 percent to 5,368.41 in London while the FTSE 250 added 1.01 percent to 10.428.2. Satellite telecommunications specialist Inmarsat (LSE: ISAT) led [...]
European equities markets were higher Thursday after the European Central Bank announced a coordinated effort in concert with the US Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank to insure liquidity through the end of this year, with the ECB lending dollars to Eurozone banks, while markets were [...]
European equities markets were higher Wednesday as investors speculated that China might buy European bonds even though China’s premier said that nations with debt problems should not expect to be rescued. The FTSE 100 was up 1.02 percent to 5,227.02 in London, while the FTSE 250 added 0.97 percent to 10,107.9. Clothing retailer Next (LSE: [...]
European equities markets were higher Tuesday as banks came back from big declines on Monday, helped by a statement from Societe Generale’s (Euronext: GLE) CEO that his bank is healthy. The FTSE 100 was up 0.87 percent to 5,174.25 in London, while the FTSE 250 added 0.27 percent to 10,011, with banks the best performers [...]
European equities markets were lower Monday on the possibility that Greece could default soon and on speculation that Moody’s Investors Service could cut its rating on several big banks with holdings tied to Greece. The FTSE 100 was down 1.63 percent to 5,129.62 in London, while the FTSE 250 dropped 1.65 percent to 9,983.75 as [...]
European equities markets were significantly lower Friday on an increased possibility that Greece could default on its debt as soon as this weekend, raising the concern level over the European region’s debt problems and ratcheting up worries that the economic recovery is faltering. Additionally, markets reacted to the resignation of European Central Bank board member [...]
European equities markets saw gains Thursday as the Bank of England held interest rates steady at 0.5 percent and kept its bond-purchase program at £200 billion, while the European Central Bank also held rates steady, at 1.5 percent, but the ECB cut growth predictions for both this year and next year. The FSTE 100 added [...]
European markets were higher Wednesday after the German Federal Constitutional Court dismissed three challenges to German participating in a loans package to Greece and another fund aimed at keeping Europe’s debt crisis contained. The FTSE 100 was up 3.14 percent to 5,318.59 in London, while the FTSE 250 added 2.48 percent to 10,321.3. The energy [...]
Most equities markets in Europe were lower Tuesday as investors continued to worry about the debt crisis in the region. In London, the FTSE 100 managed to gain 1.06 percent to 5,156.84 after the Institute for Supply Management said its US services index was at 53.3 in August, up from 52.7 in July, but the [...]
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 [...]
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 [...]
Phone fraudsters stealing bank card pins
Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their [...]
FSA rules out ban on interest-only mortgages
Speculation that the Financial Services Authority would ban interest-only mortgages as part of its Mortgage Market Review has proved to be unfounded. However, lenders will be required to monitor the performance of the investment product taken out by the customer to repay the mortgage at the end of its term. Investments are performing poorly because [...]
Bank of England may end free in-credit banking
A director of the Bank of England has warned that official intervention could be considered to end the ‘dangerous myth of free in-credit banking’. Andrew Bailey has already spoken out against free banking in relation to the mis-selling of financial products. In a speech made available to media, he reiterated his concern, saying that it [...]
Bank of England votes against more economic stimulus
The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]
Catalogue debt growing says helpline
Calls from people concerned about their debts with mail order catalogues accounted for more than 12 per cent of all calls received by National Debtline last year, compared with just 8 per cent in 2007. More people were concerned about catalogue debt than about payday loans, mortgage or rent, according to the Money Advice Trust [...]
Homeserve faces mis-selling investigation
HomeServe, which provides emergency insurance cover and domestic repairs to households in the UK, is to be investigated by the Financial Services Authority (FSA). Issues over the possible mis-selling of household emergency policies were uncovered last October during an internal review at the Walsall-based company. Homeserve’s call centre staff were found to be selling ‘Complete [...]
OFT warns Wonga over debt collection methods
Payday loan company Wonga used aggressive and misleading methods to collect debts from customers, the Office of Fair Trading (OFT) has found. Wonga sent letter and emails to certain customers suggesting they had committed fraud and threatening to report them to the police if they did not act in the way Wonga suggested. The company [...]
NS&I re-launches investment account
National Savings & Investments (NS&I) has re-launched its Investment Account at a higher interest rate than it previously offered. The account now offers 0.75 per cent before tax, compared with between 0.2 and 0.3 per cent previously, depending on the account balance. Deposits and withdrawals on the account can no longer be made at Post [...]
Rightmove reports property downsizing trend
Two in five property owners planning to sell in the next year are planning to ‘trade down’, compared with one in four who plan to ‘trade up’. A survey by property website Rightmove found that moving to a smaller home is the main reason for moving in nine out of the ten regions in the [...]
More people failing to save for retirement
The proportion of people with no pension savings has grown from 20 per cent to 22 per cent over the past year, according to Scottish Widows’ latest survey. The pension provider surveyed 5,200 adults in the UK, aged 30 or over, and earning at least £10,000 a year, for its annual review of pensions. Ian [...]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Directory | Contact us
