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Oury Clark Ind. Financial Advaice Blog & Oury Clark News Feeds

House prices rise in August - Halifax

LONDON (Reuters) - British house prices rose for the second month running in August, mortgage lender Halifax said on Wednesday, confounding expectations for a fall though it still expected house prices to stagnate overall this year.

Job growth weakens markedly in August

LONDON (Reuters) - The rate at which British recruiters filled permanent jobs slowed to its weakest in 10 months in August, and the industry fears a sharper slowdown when public spending cuts takes effect, a survey showed on Wednesday.

Food prices push up shop price inflation

LONDON (Reuters) - A jump in food prices pushed shop price inflation higher in August, according to a survey on Wednesday that may heighten concern about the impact of tight supplies of food commodities such as wheat.

Millions of taxpayers paid wrong amount

LONDON (Reuters) - Nearly six million people are to be told they have paid the wrong amount of tax, with about two billion pounds set to be clawed back from hundreds of thousands of taxpayers, HM Revenue and Customs (HMRC) said on Saturday.

New car sales fall for second month

LONDON (Reuters) - Sales of new cars in Britain fell 17.5 percent in August from a year ago, falling for the second consecutive month following the end of an incentive scheme to scrap old models, the Society of Motor Manufacturers and Traders said on Monday.

IT job opportunities slump in public sector

(Reuters) - Public sector job opportunities in IT have fallen markedly since the start of the year, a survey showed Monday, in a sign that the government's austerity drive is already affecting the labour market.

Equitable Life pleads for full customer compensation

LONDON (Reuters) - Equitable Life, the British mutual insurer that nearly collapsed a decade ago, urged the government on Monday to fully reimburse policyholders for their losses rather than cap compensation payments as proposed.

Car insurance premiums jump 31 percent

LONDON (Reuters) - The cost of car insurance in Britain has risen by almost a third in the past year, its biggest ever increase, as insurers seek to offset a sharp rise in claims expenses driven in part by fraud, AA Insurance said.

China tells state companies to explore Potash bid

TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion (25 billion pound) bid for Potash Corp , a source with direct knowledge of the matter said.

China tells state companies to explore Potash bid

TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp , a source with direct knowledge of the matter said.

Bank set to leave interest rates unchanged

LONDON (Reuters) - The Bank of England is expected to hold interest rates at a record low next week -- and probably well into next year -- to keep economic recovery on track in the face of a painful fiscal squeeze and weakening global backdrop.

Metro Bank ahead of targets on new accounts

LONDON (Reuters) - Metro Bank, Britain's first new high street retail bank in more than 100 years, said on Friday it was ahead of its own targets for new account openings at its flagship branch.

Canada fund approached by China investors on Potash

TORONTO/HONG KONG (Reuters) - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion (25.3 billion pound) hostile offer.

Enhanced annuity sales boom continues

LONDON (Reuters) - Sales of enhanced annuities -- pension products offering a higher income to people likely to die early -- jumped 41 percent in the first half in Britain, confirming booming demand, a survey found.

Utilities probed for mis-selling

LONDON (Reuters) - Ofgem is launching an investigation into whether four of the big UK gas and power suppliers are mis-selling products to customers, the energy regulator said on Thursday.

House prices down 0.9 percent in August

LONDON (Reuters) - House prices fell much faster than expected last month but further declines are likely to be modest, mortgage lender Nationwide said on Thursday.

China may probe BHP's bid for Potash - paper

BEIJING (Reuters) - China may launch an antimonopoly probe into BHP Billiton's $39 billion bid for Canada's Potash Corp , the China Business News said on Wednesday, citing a source familiar with the matter.

Citi creates global family wealth unit

LONDON (Reuters) - Citigroup's private banking arm has set up a global unit to target family offices, organisations that manage the financial affairs of rich dynasties, according to an internal memo seen by Reuters.

Warnings mount as retail ETF surge gathers pace

LONDON (Reuters) - Worries over opacity and liquidity could temper small-time savers' enthusiasm for Exchange Traded Funds (ETFs), set to be boosted by a UK regulatory revamp of fees on products sold to private investors.

Saskatchewan concerned about China Potash Corp buy

WINNIPEG/TORONTO (Reuters) - The Canadian province of Saskatchewan, home of takeover target Potash Corp , would have "lots of concerns" about a Chinese sovereign fund or state-owned company buying part or all of the company, Energy Minister Bill Boyd said on Tuesday.