The February house price figures show largest annual increase in nearly four years

British house prices recorded their biggest annual rise in nearly four years this month despite a slowdown in the month-on-month rate of growth. Last week’s data from mortgage lender Nationwide revealed how house prices rose 0.6% in February, the slowest pace of monthly growth since Read more…

27/02/14 Market Movements

The FTSE 100 fell 2.91 points today (0.04%) to 6,813.18. RBS posted the biggest full-year loss since its bailout in 2008 as CEO Ross McEwan outlined plans to return what he called the industry’s least-trusted lender to profit. The stock fell 7.7% to 326.6 pence in London trading, Read more…

RBS Reports Largest Losses Since 2008

Pre-tax loss for 2013 was £8.2bn, up from £5.2bn in 2012. Bonuses for the year still amounted to £576m, of which £237m want to the investment banking arm. Newly appointed CEO, Ross McEwan, estimates that it would take 3-5 years for the bank to recover. Read more…

Co-op to report worst results in history

According to reports, the Co-op Group’s losses for 2013 are expected to be greater than £2bn, the worst in its history when they are announced on 26 March. The huge £2bn-plus losses to be revealed by the Co-op Group stem mainly from its bank, which Read more…

25/02/14 Market Movements

The FTSE 100 closed down 35.36 points at 6,830.50 as mining shares suffered their biggest one day slide in a month after fears that slower growth and lending cuts to the property sector in China (the worlds largest metals consumer) would hurt the demand for Read more…