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This is Money28 January 2007 Users of the internet auction site eBay are being defrauded by unscrupulous dealers who secretly bid up the price of items on sale to boost profits, claims a report today. WANT TO KNOW MORE? Make money from the internet If only I had the cash I'd bid on it Fraudsters targeting eBay users OTHER STORIES Banks using 'underhand' tactics Norwich Union cal ...

Lauren Mills, Financial Mail28 January 2007 A mystery Irish tycoon is this weekend finalising plans to bail out Kwik Save with a £70m refinancing package. WANT TO KNOW MORE? A Kwik Save deal for ailing grocer chain Kwik Save's £30m plan OTHER STORIES BA to pay strike-breakers £200 Banks' £40bn profits record as debts soar Sunday & mid-week share tips  ...

Tom McGhie, Financial Mail28 January 2007 A frantic scramble to keep the London Stock Exchange independent is expected in the next fortnight after a gamble by Nasdaq boss Bob Greifeld to bounce LSE shareholders into accepting his hostile bid looked like failing. GAMBLE: Nasdaq boss Bob Greifeld tried to bounce LSE shareholders into a deal OTHER STORIES BA to pay strike-breakers £200 Banks' £40bn profits record as debts soar Sunday & mid-week share tips  ...

Britain's housing boom will continue in 2007, with average prices rising by £1,000 a month, a report by a leading think-tank suggests. The Centre for Economics and Business Research (CEBR) said it saw no evidence that increased interest rates would hit the cost of homes. House prices will increase by 7.6%, the CEBR told The Observer newspaper. However, slower growth is predicted in 2008 and 2009 before acceleration again in 2010. 'Shortages' There have been warnings that a string of U ...

Tesco has opened its first own-brand supermarket in China. The UK giant already has investments in 46 Chinese stores under the name of its Chinese partner, Le Gou, which translates as "Happy Shopping". Tesco's new store in Beijing is competing with other international chains that are well established in China, such as Wal-Mart and Carrefour. Analysts said that Tesco's challenges included offering products that Chinese people would buy. Market share  ...

Finance need not be dull. Portfolios should reflect diversity and too often money is totally tied up in traditional mature markets.Instead allocate a proportion to those countries which are developing their infrastructure and have the resources required by an international clientele. It may prove a rollercoaster. Young stock markets tend to be volatile but the secret is to find a good fund manager ...

NEW YORK (AFX) - Wall Street closed out a volatile week with a mixed performance Friday after a pair of economic reports dashed hopes for an interest rate cut anytime soon. The major indexes were down for the week. Stocks found some late-day strength as investors sought bargains after a two-day pullback that erased most of its 2007 gains. The market had its worst performance so far this year, des ...

LOS ANGELES (AFX) - Homebuilder KB Home said Friday that the Securities and Exchange Commission has launched a formal investigation into its stock option granting practices. In a brief regulatory filing, the company said it was cooperating with the SEC probe. Last August, KB Home received an informal inquiry from the SEC relating to its option practices. In November, the company's chief executive ...

Holly Williams, This is Money26 January 2007 Fast food firms are fighting back against the anti-junk food push, reporting profits that are positively healthy, even if the food may not be. SUPER SIZE PROFITS: Ronald is celebrating a recovery WANT TO KNOW MORE? ROUND-UP: Supermarket watch CHAT: 'Should I buy McD's shares?' OTHER STORIES Mortgage fee refunds ordered New pension crisis on the cards Market report: Friday close Tesco's Trojan horse trick exposed in emai ...

PARIS (AFX) - Share prices closed lower, as the losses on Wall Street yesterday and today more than offset gains for Saint-Gobain and other French blue chip stocks in the wake of encouraging full year sales reports, dealers said. The CAC-40 finished down 26.90 points or 0.5 pct at 5,582.30, on volume of 6.5 bln euro. On the week, the benchmark index 0.6 pct from last Friday's close. Among CAC-4 ...