| U.K. Stocks Climb; Rio Tinto, BHP Billiton, ICAP Lead Advance |
 30 Jun 2008 16:22 |
| U.K. stocks rose for a second day, led by commodity producers, as oil and metal prices climbed and the Financial Times reported ArcelorMittal may buy a stake in Rio Tinto Group.
ICAP Plc, the U.K.-based broker of inter-bank transactions, advanced as Merrill Lynch & Co. advised clients to buy the shares.
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Mortgage lending slump sparks house price fears |
30 Jun 2008 15:59 |
| The number of mortgages given to home buyers has fallen to an all-time low, according to figures from the Bank of England.
Just 42,000 loans were handed out in May – down from 58,000 in April and a massive slump of 64 per cent compared to this time a year ago, when 116,000 mortgages were given to home buyers.
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Oil prices close in on record-high $143 |
30 Jun 2008 15:33 |
| World oil prices rose to within touching distance of a record-high point of 143 dollars on Monday, as French truckers protested at high fuel costs and energy leaders met to discuss soaring crude.
New York crude oil had hit an all-time record of 142.99 dollars on Friday as the US currency remained weak. The ailing dollar has fuelled demand for oil, which is priced in dollars, from traders... |
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| U.K. Consumer Confidence Falls to Lowest Since 1990 (Update1) |
30 Jun 2008 15:05 |
| U.K. consumer confidence dropped in June to the lowest level since the London riots 18 years ago that preceded Margaret Thatcher's downfall, as house prices fell across the nation.
An index of consumer confidence based on a survey of 2,001 people fell 5 points to minus 34, the lowest since March 1990, GfK NOP Ltd. said today. Property prices dropped 1 percent from May, the most... |
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| Trinity Has Biggest Drop as Profit Misses Forecast (Update2) |
30 Jun 2008 14:49 |
| Trinity Mirror Plc, publisher of the U.K.'s Daily Mirror newspaper, had its biggest plunge in London trading after saying 2008 operating profit will be about 10 percent lower than forecast asadvertisers reduce spending.
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U.K. Bank Confidence in Steepest Decline Since 1990, CBI Says |
30 Jun 2008 14:49 |
| Business confidence among U.K. banks and insurers recorded its steepest fall in the second quarter since 1990, according to the Confederation of British Industry.
About 57 percent of companies surveyed said they were less optimistic than in the first quarter, the CBI and PricewaterhouseCoopers LLP said in an e-mailed statement today. About 44 percent of... |
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Cable & Wireless in Talks With Thus on Possible Bid (Update3) |
30 Jun 2008 14:42 |
| Cable & Wireless Plc, the U.K.'s second-biggest phone company, raised its bid for Scottish operator Thus Group Plc to about 329 million pounds ($656 million) and said it already owns 29.9 percent of... |
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