Archive Info

You are currently browsing the RSS Financial weblog archives for November, 2011.

Investors urged to sell before next tax rise

If you're new here, you may want to check out our main info pages starting here. Thanks for visiting!

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Britons inject record 9 billion pounds of housing equity
LONDON (Reuters) - Britons injected a record 9.146 billion pounds of equity into their homes between April and June, Bank of England data showed on Wednesday, highlighting the weak state of the housing market.

Consumer confidence up slightly but outlook grim
LONDON (Reuters) - Consumer confidence edged up slightly in November but was still close to a two-year low and the outlook remains gloomy, a survey by GfK NOP showed on Wednesday.

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Battle looms over BA pensions

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

It’s not just bankers seeking a way round bonus tax
Fund managers, stockbrokers, and even some financial advisers will be hit by the new 50 per cent levy on “bankers’” bonuses

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Ovo Energy breaks ranks by cancelling price hike
LONDON (Reuters) - Power and gas supplier Ovo Energy has scrapped plans to increase prices for its variable rate customers due to a drop in wholesale costs, breaking ranks with rival suppliers who have all imposed double digit increases.

Real incomes down 2.1 percent in 2010/11

Real incomes down 2.1 percent in 2010/11
LONDON (Reuters) - The typical annual salary in Britain fell 2.1 percent in real terms in the year to April compared to the previous 12 months as pay rises failed to keep up with inflation, official data showed on Wednesday.

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

It’s not just bankers seeking a way round bonus tax
Fund managers, stockbrokers, and even some financial advisers will be hit by the new 50 per cent levy on “bankers’” bonuses

Banks restrict lending to existing customers

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Top bankers destroy value, study claims

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Government offers firms cash to boost apprenticeships
LONDON (Reuters) - The government will encourage companies to take on more apprentices by offering them 250 million pounds for skills training after youth unemployment hit a 19-year high, Prime Minister David Cameron said on Thursday.

Investors go back to basics to face euro breakup risks
LONDON (Reuters) - A euro zone breakup would be a once-in-a-lifetime shock sowing unprecedented financial chaos but investors seeking to protect against the threat are acting in prosaic fashion, looking to the traditional havens of gold or U.S. Treasuries.

Euro zone crisis pushes money into London property
LONDON (Reuters) - The spectre of one or more countries leaving the euro is driving the wealthy in Italy, Greece and Spain into the relative haven of the London property market.

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Battle looms over BA pensions

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Investors more discerning after summer panic - Lipper
LONDON (Reuters) - The euro zone’s growing debt crisis has pushed investors into focused decisions on allocating money since the summer months, boosting select sectors and punishing others in contrast to indiscriminate selling in August, Lipper data showed.

Shop price inflation eases to 2011 low
LONDON (Reuters) - Retail inflation eased to its slowest pace this year in October as retailers stepped up the price battle to lure cash-strapped consumers, a survey showed, in the clearest sign so far that inflation may have peaked as the Bank of England predicts.