HMV Group has been on the sidelines recently as far as news is concerned. There has however, been much whispering going on behind closed doors it seems. With results out this week looking to be dismal there doesn’t seem to be much going for the company – yet in the last few weeks the...
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Markets
HMV up for sale?
Bank of England may have to increase by 0.5 percent
At the beginning of this month the odds were pretty much 50/50 that the Bank of England would leave rates on hold as the CPI fell to 2.7 percent. Today the office of national statistics published the latest figures that show the CPI has jumped a massive 0.4 percent to 3.1 percent. This also...
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Yen falls after rate increase
The yen fell for a fourth day as the Bank of Japan said interest-rate increases will be gradual, after policy makers raised borrowing costs for the second time in eight months. Japan’s currency declined after the central bank, which voted 8-1 to increase its overnight lending rate a quarter percentage point to 0.5 percent,...
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City watchdog warns on bank’s exposure to housing
Britain’s financial regulator warned this morning that lenders in the UK may be in danger of over exposing themselves with mainstream house mortgages reaching five times income. The Financial Services Agency (FSA) warned that lenders need to be sure that they can cope with the consequences of a potential housing slump. The FSA’s worry...
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Why UK banking charges won’t stick
Headlines in the UK are lamenting the end of a long held British tradition of free banking. If you live in the US, Australia or anywhere else in the world for that matter you’d wonder what all the fuss is about. Doesn’t everyone pay banking charges? Well not in the UK. It’s been a...
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