Investors look to gold as a haven investment.
As the uncertainty over the financial condition of the world grows it comes as no surprise that investors are choosing to put their money into safe options such as gold and treasury bonds. Gold could hit the $2,000 mark There are suggestion from City analysts that Gold could hit the $2,000 mark before the year [...]
The small fund management boutique, SCM Private blew the whistle this week on fund management groups that are lending shares in consumers’ pensions and ISAs for a profit without the share owners’ permission.
Shares in Apple have fallen 2.5% to $366.85 per share on the Nasdaq in the New York markets. This may be a reflection of the resignation of the company’s chief executive, Steve Jobs. Mr. Jobs will continue at Apple as the chairman, and has been on medical leave since January 17. Mr. Tim Cook, who [...]
Experts have pointed out that the unclear way in which the system and charges of pensions plans is being set out has left many workers avoiding the issue all together.
It is looking increasingly likely that negotiations involving the coalition government’s pension reforms will affect workers in the agricultural industry.
A new rise in inflation was not a worry to Sir Mervyn King as he talked about his fears regarding the implications of the recent state of the financial markets and the debt crisis in the Eurozone on an already jittery UK economy.
Warnings are being made to consumers about investing in structured products. The fuel for the warnings is that these products come with high and hidden fees. Together with high-risk returns, these structured products could result in many investors losing their hard-earned money. Directly linked with stock market indices The warnings seem especially urgent today, they [...]
More banks have recently thrown their hat into the ring of offering competitive savings rates, vying for the top spot on the savings tables. Currently some of the best rates are with two-year fixed-rate bonds, though if you are not on the market for a fix-period bond there are still options many other options are your disposal.
Toxic assets that are left over from the economic crisis are used by banks in the UK to fill the holes in their pension scheme.
Homeowners and those wishing to get on the property ladder now have an exceptional opportunity to fix their mortgage at under 4% over 10 years. This comes as banks find themselves warring for good borrowers to sustain capital and rise long-term lending. Interest War Good for Borrowers The interest war to attract customers has led [...]
The UK’s leading shares on Monday witnessed £49bn taken from their collective value, this came after another wave of fear over the condition of the British economy and the worries over the outlook of Britain’s banks which are in the process of being sued by regulators from the United States.
Senior politicians and financiers have warned that the recommendations from the Independent Commission on Banking (ICB) may put Britain’s banks in a horrible situation. The publication of the final report by the ICB will be released in around two weeks time.
Aer Lingus, the flight company and Irish national carrier, has seen a larger amount of bookings and confirmed a rebound in profits for the quarter. The booking pickup suggests that the profit by the end of 2011 will be better than expected. Pre-tax profits for the last three months were up 174% from last year. [...]
New research conducted by Halifax shows that buying a house is cheaper than renting. The research states that the average cost for a first-time buyer for a two-bedroom flat is around 567 pounds, 110 pounds lower than the typical rent on an equivalent space. Prices and Mortgages Drop The cost of purchasing housing property has [...]
The world’s largest miner, BHP Billiton, saw a 60% jump in the annual pre-tax profits of $31.3bn (18.9bn) as miners continue to benefit from investors piling into precious metals miners as a result of the recent bull run of commodities. This follows last week’s heavy losses in the stock market led by steep decline in [...]
Gold tipped above $1,900 an ounce against all major currencies bar the Japanese Yen as investors sought the safety of precious metals to protect their wealth after losing confidence in markets hit by the turmoil of the debt crisis. However, soon after the price was pulled back 2% to $1,851.67 an ounce. This comes as [...]
