Jump to content
House Price Crash Forum
Sign in to follow this  
AvidFan

Blog A Little Empty Of Late

Recommended Posts

12 June 2006

PUBLIC RESIGNED TO RATE RISE SAYS BANK

Consumers are bracing themselves for a rise in interest rates over the next 12 months, according to the most recent consumer barometer from Lloyds TSB Financial Markets. Two thirds of those surveyed in May said they expected interest rates to rise during the coming year, the highest since April 2005. That compares with 59pc in April. Just 7pc believed rates were likely to fall in the next 12 months, Lloyds TSB Financial Markets said.

[The Daily Telegraph page B3 - 12.06.06]

12 June 2006

DENT IN STANDARD LIFE'S FLOTATION HOPES

Standard Life is expected to cut its flotation price range by as much as 10pc this week, diminishing the value of windfalls for policyholders. The mutual insurer had given an indicative range of 240p-290p a share for its planned float next month. However, tumbling stock markets worldwide have spooked investors and it is likely that Standard Life will have to lower its price expectations.

[The Daily Telegraph page B3 - 12.06.06. Also reported in Daily Mail page 59, The Times page 38, The Guardian page 27, The Independent page 34 and Daily Express page 47]

12 June 2006

WORLD CUP EMPTIES HIGH STREETS

High street stores had their worst weekend for sales this year as shoppers stayed home to soak up the sunshine and watch the World Cup. Takings at non-food outlets, particularly fashion, home and DIY stores were battered as the combination of hot weather and England's opening match left some city centres and retail parks almost deserted on Saturday afternoon.

[The Guardian page 25 - 12.06.06]

12 June 2006

A&L SET TO GIVE UPDATE ON BAD-DEBT PROVISIONS

Alliance & Leicester, which is being eyed as a possible bid target by CreditAgricole, the French bank, will outline whether more customers are having difficulty repaying loans asit issues a trading update. The mortgage bank reported an increase in bad-debt provisions at its full-year results in February and analysts will be keen to know whether this has continued, as well as any update on the Credit Agricole situation.

[Financial Times page 24 - 12.06.06]

11 June 2006

JOBLESS TOLL RISES TOWARDS MILLION

Labour's flagship economic achievement, bringing unemployment below one million for the first time since 1975, is under threat figures this week are expected to show. Job losses in the private sector and a slowdown in the state sector recruitment boom have seen dole queues lengthen from 813,800 in January 2005 to 950,000 in April this year.

[The Mail on Sunday Financial page 5 - 11.06.06]

11 June 2006

STANDARD AXES SALES STAFF

Standard Life has made more job cuts ahead of its £5.5bn float. The mutual insurer, while will this week unveil its floatation prospectus after getting court approval on Friday for the float, has made 55 redundancies at its Independent Financial Adviser support offices. Shocked staff were told that the cuts, affecting sales staff nationwide, were necessary as part of a £30million cost-cutting drive in the life and pensions division between now and the end of next year.

[The Mail on Sunday Financial page 2 - 11.06.06]

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.