U.K. property prices decline in August

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Source: RTTNews
U.K. house prices slipped for the second consecutive month in August, Lloyds Banking Group's Halifax reported on Thursday. Property prices dropped 0.4% on month, after a 0.7% slid in July. Economists estimated a 0.2% increase. On quarterly basis, prices fell 0.9%. The government is expected to outline support to 16,500 new buyers by extending the FirstBuy scheme.
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Thu, 06 Sep 2012 13:23:35 GMT

ECB hold benchmark interest rate at 0.75%

The European Central Bank left benchmark interest rate unchanged today, as President Mario Draghi prepares to unveil a bond-purchase plan to save the shared currency. During today's meeting in Frankfurt, region's policy makers left the benchmark rate at a record low of 0.75 per cent, meeting analysts' expectations.

Thu, 06 Sep 2012 14:07:32 GMT

London stocks advance before ECB meeting

London stocks increased on Thursday, boosted by miners banks and oil firms, as investors awaited the ECB policy meeting, while the BoE held its benchmark interest rate stable. The FTSE 100, leading U.K. index, advanced 0.7% to 5,694.92. Most metal prices were up.

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