The Commerce Department has today revealed US housing starts recovered in July but building permits fell. According to the Commerce Department, construction of new US homes rose 1.7% to a seasonally adjusted annual rate of 546,000 properties – however, the figure was less than economists had expected...
Posted to
Finance
on 08-17-2010
Filed under: All Financial News, Economy News, US, Property News, Government, housing market, deflation, confidence, building permits, housing starts, tax incentive, National Association of Home Builders
Supermarket giant Asda has today announced like-for-like sales (excluding fuel) declined by 0.4% in the second quarter. The fall was attributed to the tough austerity measures introduced by the Government, which has hit consumers, according to Asda. “Asda’s customers are facing recently announced...
Posted to
Finance
on 08-17-2010
Filed under: All Financial News, Economy News, fall, Government, sales, Asda, Company News, consumers, cautious, purchase, outlook, Wal-Mart, austerity measures, Netto, quarter two
According to a report in the Financial Times, British banking giant Barclays has refused to sign up to Government lending targets, suggesting they could encourage irresponsible lending. Steve Cooper, head of Barclays’ small business division, told the FT: “I’m not going to sign up to a target....
Posted to
Finance
on 08-13-2010
Filed under: All Financial News, lending, Banking News, industry, Government, Barclays, reject, profits, targets, Steve Cooper, irresponsible lending
The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions – the third consecutive quarter in which they have fallen. According to the Council, lenders seized 9,400 properties in the April to June period – 400 less than in January to March period. Experts argued...
Posted to
Finance
on 08-12-2010
Filed under: All Financial News, interest rates, repossessions, Mortgage News, fall, Government, CML, Council of Mortgage Lenders, support, arrears, quarter two