Archive for finance news

FTSE CLOSE: Obama fiscal cliff fears continue; Iberia plan

| November 9, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 04:13 EST, 9 November 2012 | UPDATED: 12:40 EST, 9 November 2012 5.30 (CLOSE): London’s blue chip share index remained in the red today on persistent fears over how President Obama will tackle America’s looming fiscal cliff. But the FTSE 100 Index pared back earlier losses, closing down 6.4 […]

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FTSE CLOSE: Fears of potential gridlock over US ‘fiscal cliff’ stymies London market

| November 8, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:28 EST, 8 November 2012 | UPDATED: 12:30 EST, 8 November 2012 17.25 (CLOSE): The London market struggled to find direction today as fears of a potential gridlock over budget measures in Washington continued to plague investors. The FTSE 100 Index closed 15.6 points lower at 5776.1 amid fears […]

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FTSE CLOSE: Joy at Obama win short-lived fiscal cliff

| November 7, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:21 EST, 7 November 2012 | UPDATED: 12:23 EST, 7 November 2012 17.25 (CLOSE): Euphoria surrounding president Barack Obama’s re-election fizzled out today as investors’ focus switched to the approaching “fiscal cliff” in the US. The FTSE 100 Index lost earlier gains to stand 93.3 points lower at 5791.6 […]

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FTSE CLOSE: M&S shares rise despite profit fall

| November 6, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:31 EST, 6 November 2012 | UPDATED: 12:32 EST, 6 November 2012 Marks Spencer was one of the biggest risers on London’s leading shares index today as improved recent trading offered hope of a turnaround. MS reported a 10 per cent fall in profits to £290 million, but shares […]

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FTSE LIVE: Footsie falls with traders cautious ahead of tight U.S. election

| November 5, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:07 EST, 5 November 2012 | UPDATED: 12:42 EST, 5 November 2012 17.25 (CLOSE):The prospect of a knife-edge US presidential election shook investors’ confidence and sent the London market lower today. The FTSE 100 Index closed 29 points lower at 5839 as President Barack Obama and Republican Mitt Romney […]

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Child benefits: Unmarried middle-class couples facing intrusive questioning over lifestyle as Government tries to cut child benefits bill

| November 4, 2012 | 0 Comments

By Anna Edwards PUBLISHED: 09:32 EST, 4 November 2012 | UPDATED: 12:12 EST, 4 November 2012 Tax officials will have the power to telephone parents and question them about their relationships as they monitor sweeping changes to the child benefits system. As part of changes to how much parents receive in child benefits, the taxman […]

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‘Rescue’ investors who bought Comet stores for £2 ‘may walk away with £60m’

| November 4, 2012 | 0 Comments

By Alex Hawkes and Neil Craven PUBLISHED: 17:25 EST, 3 November 2012 | UPDATED: 12:13 EST, 4 November 2012 The former backers of Comet are to keep the collapsed retailer’s lucrative warranties business – amid suggestions that the turnaround investors behind the company could walk away with profits of tens of millions of pounds. The […]

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Number of million-pound properties being sold has ‘fallen significantly’

| November 3, 2012 | 0 Comments

By Harry Glass PUBLISHED: 10:19 EST, 3 November 2012 | UPDATED: 10:19 EST, 3 November 2012 Fewer million-pound homes were sold in the first half of the year than there have been for three years, according to new research by Lloyds TSB. There were 3,043 million-pound property sales in Britain, the smallest total since the […]

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Typical family savings would run out within a week in a financial emergency

| November 3, 2012 | 0 Comments

By Harry Glass PUBLISHED: 12:08 EST, 3 November 2012 | UPDATED: 12:08 EST, 3 November 2012 Nearly a third of families have savings which will run out within five days if they are faced with a financial emergency, research has found. Some 31 per cent of those surveyed said they have less than £250 set […]

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Falls for RBS, Admiral and Morrisons as the market closes

| November 2, 2012 | 0 Comments

By This Is Money Reporters PUBLISHED: 03:56 EST, 2 November 2012 | UPDATED: 12:31 EST, 2 November 2012 5.25 (CLOSE): Royal Bank of Scotland and insurance giant Admiral suffered share losses today as third quarter updates spooked investors. Part-nationalised RBS dropped 2 per cent after revealing another £450 million in charges for payment protection insurance […]

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