Homeowner Loans - From the 'papers

23 November 2009 - Nationwide Building Society reported a 62% fall in pre-tax profits

There was, quite literally, something in the air on Monday with the two largest manufacturers in the world, Airbus and Boeing issuing upbeat statements with regard to demand and profitability over the next two years, while the Unite union issued strike ballot papers to 12,000 cabin crew at British... More

4 August 2009 - The total includes $1.1 trillion in capital injections

Weekly Financial News Roundup Chancellor Alistair Darling was to meet leading figures from the banking industry at the Treasury on Monday afternoon, after he expressed concern that the cost of loans to small businesses has risen recently, despite the Bank Rate being maintained at a record low ... More

13 April 2009 - Quantitative easing,has so far injected £26.4 billion into the wider economy.

Weekly Financial News Roundup The week opened with the unwelcome news that the beleaguered Royal Bank of Scotland (RBS) is to shed 20% of its workforce in its so-called "Group Manufacturing" division, which deals with information technology, bank property, etc., over the next two years. The ... More

15 March 2009 - House prices are down around 20% from their 2007 peak

Weekly Financial News Roundup The financial week opened with the news that Lloyds Banking Group – already 43% owned by the Government – had signed up to the Asset Protection Scheme, in an effort to insure £260 billion of its so-called "toxic" assets against further loss. The Government stake in... More

9 February 2009 - Base Rate Down, Prices Up, What a Mees!

Weekly Financial News Roundup Those mourning the passing of Woolworths received heartening news, at least to some extent on Monday, with the announcement that the Woolworths brand has been bought by the Barclays twins, Sir David and Sir Frederick, and is to be reincarnated – along with ... More

5 January 2009 - Homeowner Loans in Time For Another Rate Cut?

Weekly Financial News Roundup The last week of 2008 provided further evidence, if any were necessary, of the gulf in confidence between the British Government and British consumers regarding the economic outlook for the New Year, and beyond. According to a Harris poll, conducted on behalf of ... More

10 November 2008 - financial, election, base rate drop, what a week!!

The main financial new stories this week were of course the election of Democratic Senator, Barack Obama as the first black President of the United States, on Wednesday and the almost unprecedented announcement of a 1.5% cut in the Bank of England base rate at midday on Thursday. Both events were ... More

3 November 2008 - Financial, Mortage, Loans and Stocks

Weekly Financial News Roundup Turmoil in the global financial markets once again dominated the financial news early in the week. Asian stocks dropped markedly on Monday – share prices on the Tokyo Stock Exchange closed at their lowest levels for 26 years and the Hong Kong Stock Exchange ... More

6 October 2008 - Homeowners Hanging On – House Equity Release Falling Out of Favour

Homeowners Hanging On – House Equity Release Falling Out of Favour According to figures from the Bank of England, homeowners in the UK are no longer using house equity release to raise extra money to spend on home improvement projects or other major spending. Instead they are preferring to pay ... More

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