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April rise in UK house prices

UK house prices rose by 0.2 per cent in April according to seasonally adjusted figures from the Halifax House Price Index.

This is the second consecutive rise in the index following a 1.2 per cent increase in March.

Halifax believes the housing market has now recovered from an unsettled winter period and is being driven by the substantial cuts in interest rates since last October.

The lender predicts the market will return to a period of steady sustainable growth, but is not on the brink of a boom.


AEEU &#39stakeholder&#39 pension to receive its first contributions

The pseudo &#39stakeholder&#39 pension scheme set up by the Amalgamated Engineering and Electrical Union is to receive it first contributions.Manchester-based coatings company Northpoint has announced it will join the scheme in July. The company will contribute £40 a month per employee, while employees are expected to contribute £20 a month.The AEEU scheme is open to […]

Despite the War Europe is still looking a good bet

Investment bank Sarasin is telling investors that despite the conflict in Kosovo and political turmoil in the EU, Europe still represents a very good investment opportunity.It says the real threat comes from overvalued blue chips in the USA and not from Europe. Those thinking of selling stock should think again. It says: &#34Europe offers a […]


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