Property stocks pushed out of FTSE 100
House price slump ‘to last four years’
House prices to fall 9% in 2008
Housebuilders hit by gazundering
Barratt against wall as housing crisis grows
Axe hangs over 15,000 estate agents
4million pay mortgages with credit card
US ‘will beat UK’ out of the credit crunch
First-time buyers need a £32,500 deposit
Bad debt to keep growing, says HBOS
Posts Tagged ‘FTSE 100’
Cost of world shares turmoil is £2.7 trillion
Thursday, February 14th, 2008Investors are bracing themselves for one of the most difficult years in stock market history after new figures showed more than $5 trillion (£2.7 trillion) was wiped off the value of shares across the globe in January alone. The loss represents one of the worst starts to a year since records began - a stark indication that markets anticipate a global recession that could last for several years. In London, the FTSE 100 lost £77bn in one day alone - 21 January - in frenetic dealing dubbed a second Black Monday after the great crash of 1987. Although shares have since stabilised somewhat, there is still turmoil in the banking and finance sector.
Northern Rock kicked out of FTSE 100
Friday, December 14th, 2007In the UK, Northern Rock’s shares (Britain’s fifth largest mortgage bank) have been the worst hit by the credit crunch dropping from £12 early in the year to less the £1. It will be relgated later this month to the bottom of FTSE 250 index for medium sized companies. Just narrowly missing the index that tracks small sized companies.
