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112,000 can lay their hands on £1m cash
11 Feb 2008 source: thisismoney.co.uk

Becky Barrow, Daily Mail11 February 2008, 8:14am Around 112,000 Britons have more than £1m in cash, a report revealed yesterday. Growing numbers can claim to be cash millionaires. WANT TO KNOW MORE? Millionaire spending on middle income How to make your child a millionaire OTHER STORIES Credit card £400m small print rip-off Hawks still rule the roost at the Bank Market report: Monday latest Lotto winner goes from riches to rags British Gas no longer  ...


We'll axe jobs, say 40% of bosses
11 Feb 2008 source: thisismoney.co.uk

Daily Mail11 February 2008, 8:21am Tough trading conditions and economic gloom are putting jobs under the biggest threat for years, a report claims today. WANT TO KNOW MORE? Thousands dragged into top rate tax Non-doms grab will drive talent away Hawks still rule the roost at the Bank OTHER STORIES British Gas no longer cheapest energy firm Credit card £400m small print rip ...


Property market continues to cool
11 Feb 2008 source: bbc.co.uk

The UK property market is still cooling despite a slight rise in prices in December, government figures reveal. Prices rose 0.4% in December compared with the previous month, according to the Department for Communities and Local Government (DCLG). But the annual rate of house price inflation was 9.1%, down from 9.7% in November and the second consecutive monthly fall. The DCLG said the average price of a home in the UK was £219,591. The figures are the latest to suggest a cooling in the ...


Producer prices at 16-year-high
11 Feb 2008 source: bbc.co.uk

Price inflation of goods leaving UK factories has reached its highest rate in 16 years, driven higher by petrol and food costs, official figures show. Annual output price inflation reached 5.7% in January, up from 5% the previous month, according to the Office for National Statistics (ONS). Prices paid by factories for their raw materials surged by 18.7% in the 12 months to the end of January. Analysts said this could hold back the Bank of England from further rate cuts.  ...


Euroshares open lower as concerns about the US economy persist -UPDATE ...
11 Feb 2008 source: iii.co.uk

(Updating with full report) LONDON (Thomson Financial) - Europe's leading bourses opened lower after a late rally on Wall Street failed to offset ongoing worries about the strength of the US economy and with Societe Generale lower after announcing terms of its rights issue. At 8.25 am, the STOXX 50 was down 28.46 points, or 0.9 pct, at 3,139.53 and the STOXX 600 was down 2.69 points, or 0.85 pct ...


UK Jan mortgage approvals rise 3 pct to 75,300 - Connells Survey and Valuation ...
11 Feb 2008 source: iii.co.uk

LONDON (Thomson Financial) - The housing market showed signs of picking up in January as mortgage approvals rose by 3 pct, helped by the Bank of England's interest rate cut in December, according to housing valuation group Connells Survey and Valuation. Approvals for house purchases rose to 75,300 on a seasonally adjusted basis from their December low of 73,000, the first increase since last May, ...


Hawks still rule the roost at the Bank
11 Feb 2008 source: thisismoney.co.uk

Geoff Foster, Daily Mail11 February 2008, 7:39am Vote | Calculate Wednesday's Bank of England Inflation Report is expected to be hawkish, acknowledging risks to economic growth but also reaffirming that any further interest rate cuts this year will only come gradually, as long as price pressures linger in the economy. Bank of England. WANT TO KNOW MORE? Expert views: What next for rates? Bank cuts interest rates to 5.25% Bank ready to slash growth forecast POLL: Wher ...


Thomson Financial Europe AM at a glance share guide: Stocks mixed; oil rises ...
11 Feb 2008 source: iii.co.uk

LONDON (Thomson Financial) - US SUMMARY: Stocks mixed; platinum hits new record high Index Change Pct change DJIA 12,182.13 - 64.87 -0.53 NASDAQ 2,304.85 +11.62 -0.52 S&P 500 1,331.29 - 5.62 -0.42 Nymex crude for March 91.77 usd +3.36 usd 10 yr US treasury 3.6 ...


Mortgage application volume rises
6 Feb 2008 source: iii.co.uk

WASHINGTON (AP) - Mortgage application volume increased 3 percent during the week ending Feb. 1, according to the trade group Mortgage Bankers Association's weekly application survey. The MBA's application index rose to 1,086.6 during the week from 1,054.9 the previous week. Application volume was pushed higher by a 12 percent jump in purchase applications. Refinance volume fell 1 percent, and a ...


A&L slashes Online Saver rate
6 Feb 2008 source: thisismoney.co.uk

Daily Mail6 February 2008 Chat | Vote | Guide | Calculate Alliance & Leicester has cut the rate on its Online Saver by a huge 0.5% before tax. If you have up to £25,000 in the account, you will see your rate plummet to 3.8% after 20% savings tax (4.75% before tax). WANT TO KNOW MORE? Regular savers face rate cuts Stay alert to savings rate squeeze POLL: Do building society  ...


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