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Trade deficit narrows in July – Gerrard

The global trade deficit in goods narrowed in July. It now stands at 4.3 per cent GDP. The improvement was aided by a dramatic drop in the shortfall in non-EU trade which fell to its lowest level since May 2002 and exports to the US climbed by £400m according to Gerrard&#39s latest figures.

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Growth in jobs fuels house rise

House prices remained buoyant in August, increasing by 1.3 per cent following a fall of 1.4 per cent in July according to the Halifax house price index.The annual rate of house inflation stands at 19.1 per cent, pushing the national average price of a home up to £133,908.Mortgage payments for a typical new borrower are […]

Norwich Union – Prosper Guaranteed Capital Bond – issue 9

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,500-no maximum Term: Five years Guarantee: Original capital returned in full regardless of performance in index Return: Up to 55% growth at end of term Closing date: October 3, 2003 Commission: Initial 3.5% Tel: 0845 944 4800

Managers divided on rally run

Investment trust managers remain cautious over the sustainability of the recent market rally.Association of Investment Trust Companies&#39 statistics show that the UK growth and smaller companies sectors are up by 1 and 7 per cent respectively over the last six months.In the last two months, the AITC says UK smaller companies have outperformed the UK […]

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