Memo to Bank of England – 31st August 2006 Today the Nationwide building society announced yet more sharp increases in house prices in the UK. The Nationwide noted that the recent increase this month by the Bank of England had little or no effect in cooling the property market. Nationwide, the largest building society...
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Strap yourselves in for a bumpy ride this winter. It seems that the surprise rate increase by the Bank of England earlier this month hasn’t been enough to hold consumer spending or an increase in house prices in the UK. What’s the Bank of England to do? According to the CBI today, retail sales...
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It’s beginning to look like Microsoft’s Zune player is more hype than substance and may be a dud before it gets out of the gate. Originally the ‘leaked’ specs of the product were impressive, but as we get closer to the release date of the product the market is getting less and less impressed...
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It looks like we could see US interest rates on hold for a little longer, even though the decision by the Fed to pause rates was a close call last time. The market rose after the release of the minutes of the Fed meeting. The Financial Times of London reports that: ...The minutes said...
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Vivendi Universal has signed a deal to make its music catalogue available for a free download service. Vivendi is the world’s biggest music group and this new model could be the biggest challenge to Apple’s paid for iTunes services to date. Under the agreement Universal’s songs will be available to a start up Spiralfrog,...
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