Finance Matters

When Finance Matters

July 2010
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Archive for July 28th, 2010

Brit Insurance Holdings adds 10 percent in London

July 28th, 2010 | Author: Elaine Frei

European equities markets were mostly lower Wednesday, led by declines in London as corporate quarterly results were disappointing and after the US Commerce Department said that durable goods orders fell 1 percent in June against an expected rise of 1 percent.
The FTSE 100 and the FTSE 250 each dropped 0.86 percent, to 5,319.68 and 10,019.7 [...]

Posted in Finance Matters | Tags: All Financial News, Asia-Pacific equities, commodities, European equities, Investment News, London equities, Wall Street | Comments Closed

BoE in no rush to hike interest rates

July 28th, 2010 | Author: Kay Murchie

Speaking in front of the House of Commons’ Treasury select committee, the Governor of the Bank of England, Mervyn King, has reiterated that interest rates will stay at the historic low of 0.5% for some time to come.
Mr King said: “It’s right to keep our foot firmly on the monetary accelerator”, adding he is more [...]

Posted in Finance Matters | Tags: All Financial News, Bank of England, Economy News, growth, inflation, Interest Rates, long-term, National Institute for Economic and Social Research, NIESR, on hold, recovery, Treasury Select Committee | Comments Closed

Irish banks pass stress test

July 28th, 2010 | Author: David Masters

Two of Ireland’s most important financial institutions demonstrated their resilience this week by passing a European stress test.
The Bank of Ireland and AIB passed the test conducted by the Committee of European Banking Supervisors in partnership with the European Central Bank.
The test measured the banks’ potential to survive intact through difficult economic circumstances.
Irish finance minister [...]

Posted in Finance Matters | Tags: AIB, All Financial News, Bank of Ireland, Banking News, Company News, EU, Europe, Ireland, resilience, stress-test | Comments Closed

Undischarged bankrupts barred by banks

July 28th, 2010 | Author: David Masters

Only two out of seventeen high street banks allow people going through bankruptcy to open a basic, no credit bank account, new research has found.
A study by the Citizens Advice Bureau found only the Co-operative and Barclays offer bank accounts to undischarged bankrupts, despite there being no legal reason to deny these people access to [...]

Posted in Finance Matters | Tags: All Financial News, Banking News, Barclays, Co-operative, Debt News, uk, undischarged bankrupts | Comments Closed

House prices back to 2006 levels

July 28th, 2010 | Author: Gill Montia

New figures from the Land Registry show house prices in England and Wales back to summer 2006 levels, having risen by 0.1% in June, compared with May.
Last month, the typical home sported an annual gain of 8.4%, taking the average house price to £166,072.
All ten regions of England and Wales experienced annual rises, with London [...]

Posted in Finance Matters | Tags: 2010, All Financial News, annual rise, average, June, Land Registry, Property News, UK house prices | Comments Closed