Reuters: Personal Finance News

Repossession orders surge

Fri, 09 May 2008 17:37:45 +0100

LONDON (Reuters) - More people in England and Wales are just one step away from losing their homes than at any time since the early 1990s as the credit crunch bites, figures showed on Friday, and experts say things can only get worse.

Women investors less scam-prone

Fri, 09 May 2008 12:30:10 +0100

TORONTO (Reuters) - Fewer women than men get duped by fraudulent investment schemes because they are generally more risk-averse than men, according to a Canadian securities watchdog.

Interest rate cut seen next month

Fri, 09 May 2008 17:56:09 +0100

LONDON (Reuters) - The Bank of England kept interest rates at 5.0 percent on Thursday but analysts say a slowing economy will force it to cut borrowing costs next month, even though inflation is heading higher.

The colour of investment money is... green

Fri, 09 May 2008 12:53:01 +0100

LONDON (Reuters) - Environmental concerns are no longer the reserve of tree-hugging hippies and climate change campaigners. Fund management companies are increasingly moving into the "green" arena as public concern over the ecosystem increases.

A&L trims rates for borrowers with high deposits

Fri, 09 May 2008 13:03:09 +0100

LONDON (Reuters) - Mortgage bank Alliance & Leicester has brought in lower rates for home loans where borrowers have a deposit of at least 25 percent, as it tries to lure less risky customers in the face of the credit crisis.

Would you tell whoppers to your car insurer?

Fri, 09 May 2008 17:58:17 +0100

LONDON (Reuters) - Over 11 million drivers would resist telling their insurers the truth to ensure a payout, according to a survey.

Consumer morale hits record lows

Fri, 09 May 2008 17:44:34 +0100

LONDON (Reuters) - Consumer morale fell in April to its lowest since records began four years ago as confidence in the economy continues to slide, the Nationwide building society said on Wednesday.

House prices fall at sharpest pace since 1993

Fri, 02 May 2008 13:23:18 +0100

LONDON (Reuters) - House prices suffered their steepest annual fall in 15 years in April, stoking fears of a deep downturn, as figures showed more than 25,000 people succumbed to bad debt in the first three months of the year.

Bank urged to improve crisis response

Wed, 07 May 2008 13:27:48 +0100

LONDON (Reuters) - The Bank of England needs to improve its handling of financial stability and communications, MPs said on Wednesday, as pressure grows on financial authorities to bolster how they deal with crises.

Gas price surge threatens bigger bills

Tue, 06 May 2008 08:27:01 +0100

LONDON (Reuters) - Wholesale British gas prices have surged this year, outpacing European markets and raising the prospect of bigger energy bills for homes and businesses soon.