counseling credit debt reduction vs, save 57%

09/02/10 4:13 am

The average price of a detached family home has risen by more than any other property type over the past year. According to new research from Halifax, owners of detached properties saw the value of their homes increase by Ã‚Â£91 a day over the year to the end of June, with a 13% leap taking [...]

French auto parts maker Valeo leads decline of car-related shares

08/31/10 3:41 am

European markets saw declines Monday as investors continued to worry about the recovery from recession and even though an index of executive and consumer sentiment in the Eurozone was up to 101.8 in August from 101.1 in July and against a forecast that it would be at 101.6 for the month. The FTSE Eurofirst 300 [...]

Land Registry: house price growth strongest this year

08/31/10 3:41 am

The Land Registry has reported that house prices in England and Wales increased by 0.4% in July, with growth at its strongest since the start of the year. The rise took the average value of a home to Ã‚Â£166,798 but left annual growth at 6.7%, down from 8.4% in June. Data for London show monthly [...]

Government credit controls may impact mortgage market

08/31/10 3:41 am

The recovery of the UK housing market could be under threat with reports that the Bank of England may restrict mortgage lending. The Bank’s deputy governor, Charlie Bean, has apparently indicated that new measures aimed at stabilising the economy could set deposit levels for UK mortgage borrowers at between 10% and 25%. The deputy governor [...]

Tens of thousands trapped in negative equity until 2014

08/31/10 3:41 am

Tens of thousands of homeowners who bought during the housing boom face another four years of being trapped in negative equity. According to a new forecast from the National Housing Federation (NHF), those who purchased a property in England at the peak of the market in 2007 paid an average price of Ã‚Â£216,800. They may [...]

Wolseley drops 5 percent on FTSE 100

08/29/10 12:04 pm

European equities markets were lower Tuesday after a report from the National Association of Realtors which showed that existing home sales in the US fell 27 percent in July, double the expected decline, casting doubts on the state of the economic recovery. The FTSE 100 was 1.51 percent lower to 5,155.95 in London, while the [...]

BP down on new US deepwater drilling regulations

08/29/10 12:04 pm

European equities markets were lower again Wednesday on more bad economic news from the United States as new home sales dropped to the lowest on record in July, while durable goods orders rose there last month, but by much less than had been forecast. After the National Association of Realtors reported yesterday that existing home [...]

Developer SEGRO declines on industrial vacancies

08/29/10 12:04 pm

European equities markets were up Thursday as investors were cheered by a US Labor Department report showing that there were 31,000 fewer first-time filings for unemployment benefits in the US last week, the first decline in a month as 473,000 people claimed jobless benefits for the first time. The FTSE 100 was up 0.91 percent [...]

Cable & Wireless Worldwide leads telecoms higher in London

08/29/10 12:04 pm

European equities markets made gains Friday after the US Commerce Department reported that the US economy grew by 1.6 percent in the second quarter, a little more than expected, and on comments from Federal Reserve Chairman Ben Bernanke. Bernanke said in his opening remarks to a symposium of central bankers from around the world being [...]

Insurer Amlin drops on decline in first-half profits

08/26/10 7:12 pm

European equities markets were higher Monday. The FTSE 100 was 0.76 percent higher to 5,234.84 in London, while the FTSE 250 added 0.67 percent to 9,826.15. Most of the insurance sector saw gains, but Amlin (LSE: AML) fell 3.25 percent after it reported that first half profits were down 39 percent on a near-doubling of [...]