Business News

Northern Rock sees reduced losses
Northern Rock says that it made "good progress" in 2009, after reporting a sharp fall in its annual losses.
Wed, 10 Mar 2010 09:48:31 GMT

Banking fraud 'moves to internet'
Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, research suggests.
Wed, 10 Mar 2010 10:12:37 GMT

BA strike action talks under way
Talks aimed at averting strike action by BA cabin crew are continuing at the TUC, after a deadline was extended.
Wed, 10 Mar 2010 13:18:36 GMT


Nationwide on house prices

'The monthly rate of house price inflation was unchanged in November at a seasonally adjusted 0.5%, leaving the average price of a typical property 2.7% higher than a year earlier. At £162,764, the average house price is at a similar level to where it was in early 2006. The 3 month on 3 month rate of change - generally a smoother indicator of the near term trend - dropped to 2.8% from 3.5% in October and 3.8% in September. This suggests that house prices are now rising at a more moderate pace than in the spring and summer months, when they experienced a very strong bounce form the early 2009 lows.'

 

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