View more on these topics

Interest rate rise pressure

The Government is bracing itself for further pressure to increase interest rates as a the market witnessed a recruitment frenzy, according to media research experts.


The volume of classified advertising in national newspapers grew at its fastest rate of 9.9 per cent in December, according to Media Monitoring Services, the highest rate since May 1998, suggesting employers are speeding up their recruitment.


Management services company CCF Charterhouse chief analyst Richard Jeffrey says: “This points to an economy that is not just chugging along but accelerating swiftly. Interest rates need to be tightened at a more aggressive pace.”


Recommended

Endowment defenders

Endowment mortgages have been defended by two leading providers.The moves follow the widely-reported misselling scandal surrounding the investment schemes forcing many savers to top up their schemes. Standard Life marketing manager John Hylands says: “Endowments still have a place and they have made up 10 per cent of our mortgage business last year. The anti-endowment […]

Carpetbagger beater

Norwich & Peterborough Building Society is joining fellow carpetbagging targets by asking new members to hand over any windfall payments to charity.The move follows that of other building societies in recent weeks, including Nationwide.Experts predict Skipton Building Society is to enforce the pro-conversion deterrent in the next few weeks.N&P chief executive Matthew Bullock says the […]

Hackney leads housing boom

A new report by Nationwide is highlighting the north-south house price divide.The findings show house prices in the London borough of Hackney rocketed by 37 per cent while in Wirral and Darlington values plummeted by 10 per cent. The news comes ahead of the Bank of England&#39s expected interest rate rise in a bid to […]

Financial services poised for jobs boom

The financial services industry is gearing itself for a recruitment boom, according to the Confederation of British Industry.The CBI and PricewaterhouseCoopers survey of 146 companies shows 45 per cent are expecting to take on more staff with 9 per cent looking to reduce their staff.Banking, insurance venture capital and securities sectors is expecting a net […]

India GDP surprise

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, comments on the strength of India’s latest GDP figures. Click here for more Important Information Investment risks The Neptune India Fund may have a high volatility rating and past performance is not a guide to future performance. The value […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment