Guaranteed Rent London | FTSE CLOSE: Optimism over US budget deal ebbs; third quarter GDP revised down
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Guaranteed Rent London | FTSE CLOSE: Optimism over US budget deal ebbs; third quarter GDP revised down Our rent guarantee scheme is suitable for both existing landlords and potential landlords. If your property is accepted onto our scheme, you will not need to worry about rental income again while you are with us. The FTSE 100 Index pulled back further from the 6000 mark, down 18.3 points to 5939.9, as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote. At a press conference today, Mr Boehner said congressional leaders and President Barack Obama must try to move on from the failed tax plan, but there is little time for US President Barack Obama to secure a deal to prevent automatic tax rises and spending cuts on January 1. Data which showed US consumers spent and earned more in November failed to cheer investors and the Dow Jones Industrial average also opened sharply lower. Britain's shaky economic recovery was also in the spotlight as gross domestic product figures revealed the third quarter bounce back was not as strong as first estimated, with growth revised down from 1 per cent to 0.9 per cent. The pound was down against the US dollar and the euro at 1.61 and 1.22 respectively after it emerged the government borrowed a more-than-expected £17.5billion in November, up £1.2billion on the same month last year. Mining stock Evraz led the top flight fallers board amid heightened fears that the world's largest economy risks being plunged back into recession. It fell 3 per cent, off 9.2p to 257.8p. Telecoms giant BT also saw share losses after it was fined £95 million for overcharging rivals Cable & Wireless Worldwide, BSkyB, Talk Talk, Virgin Media and Verizon to use its network. Shares were 2.6p lower at 239.8p. Banking firms were also hit by fears for the global economy and Barclays shares were down 3.8p to 263p, with Lloyds Banking Group losing 0.9p to 48.3p. BAE Systems shares were also suffering despite the confirmation of a £2.5 billion deal to sell 20 aircraft to Oman, which was higher than expected by many analysts. Guaranteed Rent London The contract for 12 Typhoon and eight Hawk aircraft was welcomed by Prime Minister David Cameron, who will visit the Middle Eastern state today. Shares, however, were 1.9p lower at 346.1p. Insurance giant Aviva announced the latest move in its restructuring plan with a £1.1 billion deal to offload its US life and pensions arm, but shares slipped 1.3p to 382.7p. Utility stocks were on the rise after regulator Ofwat announced significant changes to the next price review process in 2014. Severn Trent was the biggest gainer in the sector, up 41p to 1610p, while South West Water parent Pennon, added 2p to 634p. In the FTSE 250, office rental firm Regus was 4% higher, up 4p to 109p, after unveiling a £40 million bid for London's largest serviced office provider MWB Business Exchange to boost its presence in the capital. The biggest FTSE 100 risers were Randgold Resources up 160p at 6125p, Severn Trent ahead 41p at 1610p, Carnival up 51p at 2442p and Polymetal International ahead 17p at 1176p. The biggest FTSE 100 fallers were Evraz down 9.2p at 257.8p, Resolution off 6.8p at 250.1p, Compass down 19.5p at 723p and Prudential off 23.5p at 872p. 16:15 The FTSE is down at 5,933.50. Chris Beauchamp, market analyst at IG, said: 'In mid-afternoon trading the FTSE 100 remains stuck in the red, down 30 points, although it has held above 5900 once again. 'Shareholders in Blackberry-maker Research in Motion may almost be hoping that today had seen the end of the world, as the shares dive almost 14 per cent. Although the company's third-quarter loss wasn’t as bad as expected, comments about the impact of its new platform rattled investors. 'Up until now the share price had been enjoying a decent year-end rally, but today’s move means it is likely to end the year on a loss.' The FTSE 100 Index pulled back further from the 6000 mark, down 0.5 per cent or 30.32 points to 5928.1, while indices across Europe also declined. The Dow Jones Industrial average also opened sharply lower as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote. Guaranteed Rent London This will leave little time for US President Barack Obama to secure a deal to prevent automatic tax rises and spending cuts on January 1. Telecoms giant BT saw share losses after it was fined £95 million for overcharging rivals Cable & Wireless Worldwide, BSkyB, Talk Talk, Virgin Media and Verizon to use its network. Shares were 3.1p lower at 239.2p. 12:30 The FTSE is creeping back up again following earlier losses, now at 5,923.2. Insurance giant Aviva is to quit the US life and pensions market after announcing a £1.1 billion deal to offload its American arm. The group is selling Aviva USA to Athene Holding - a major player in America's pension annuity sector. The move comes six years after Aviva entered the US with the acquisition of AmerUs for £1.6 billion, although the group stressed it will retain its asset management presence in America. 12:15 The FTSE has pulled back further from the 6000 mark, down 0.7 per cent or 43 points to 5915.3. The slump came as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote, leaving little time for US President Barack Obama to secure a deal to prevent automatic tax rises and spending cuts on January 1. Cold water was poured over hopes for an economic recovery in the new year as growth figures for the third quarter of 2012 were revised down and data showed government borrowing increased – despite British families enduring another year of harsh austerity cuts. Gross domestic product (GDP) figures released in October heralded the possibility of strong return to growth, as the economy grew at its fastest quarterly rate for five years in the third quarter and marked the end of the longest double-dip recession since the 1950s. But today the Office for National Statistics (ONS) admitted the figures were on the optimistic side, revising down the service, manufacturing and construction growth figures and pinning GDP at 0.9 per cent instead of the one per cent previously stated. Read more here. Meanwhile insurance giant Aviva announced the latest move in its restructuring plan with a £1.1 billion deal to offload its US life and pensions arm, but shares slipped 1.6p to 382.5p. Utility stocks were on the rise after regulator Ofwat announced significant changes to the next price review process in 2014. Severn Trent was the biggest gainer in the sector, up 22p to 1591p, while South West Water parent Pennon, added 0.5p to 636.5p. Guaranteed Rent London In the FTSE 250, office rental firm Regus was 2 per cent higher, up 1.9p to 106.9p, after unveiling a £40 million bid for London's largest serviced office provider MWB Business Exchange to boost its presence in the capital. 10:15 The FTSE is down at 5,905.54. Vito Henjoto, market strategist at GFT Markets, said: ‘Europe is feeling the pressure of that downbeat sentiment on Wall Street too, but it's worth putting in context where the major indices now sit. ‘The DOW is back at levels from just last week and whilst the FTSE may be resolute in the fact it doesn't want to break above 6,000, the 5,900 mark remains very much in tact.’ Rebecca O'Keeffe, head of investment at Interactive Investor, said: ‘The odds of the US slipping over the fiscal cliff have clearly risen. In a moment of bad political misjudgement, John Boehner tried to take a deal through Congress that clearly failed to have the President's support, only for it to be rejected by hawks in his own party. This demonstrates how far apart the two sides remain, with only days to go before $600bn of automatic fiscal retrenchment kicks in. ‘The market still expects agreement to be reached, but as we head towards the final week of the year, many investors will be reluctant to hang up their stockings and take a break as the issue goes down to the wire.’ 09:00 Renewed uncertainty about the state of budget negotiations in Washington drove world stock markets lower today. With time running out to avoid the fiscal cliff of automatic tax rises and spending cuts on January 1, the FTSE 100 Index fell sharply, off 40.7 points at 5917.6. The slump came as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote. Mining stocks were most affected by the heightened fears that the world's largest economy risks being plunged back into recession. Eurasian Natural Resources topped the fallers board with a three per cent dec
http://bit.ly/VWxQ3c
Guaranteed Rent London | FTSE CLOSE: Optimism over US budget deal ebbs; third quarter GDP revised down Our rent guarantee scheme is suitable for both existing landlords and potential landlords. If your property is accepted onto our scheme, you will not need to worry about rental income again while you are with us. The FTSE 100 Index pulled back further from the 6000 mark, down 18.3 points to 5939.9, as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote. At a press conference today, Mr Boehner said congressional leaders and President Barack Obama must try to move on from the failed tax plan, but there is little time for US President Barack Obama to secure a deal to prevent automatic tax rises and spending cuts on January 1. Data which showed US consumers spent and earned more in November failed to cheer investors and the Dow Jones Industrial average also opened sharply lower. Britain's shaky economic recovery was also in the spotlight as gross domestic product figures revealed the third quarter bounce back was not as strong as first estimated, with growth revised down from 1 per cent to 0.9 per cent. The pound was down against the US dollar and the euro at 1.61 and 1.22 respectively after it emerged the government borrowed a more-than-expected £17.5billion in November, up £1.2billion on the same month last year. Mining stock Evraz led the top flight fallers board amid heightened fears that the world's largest economy risks being plunged back into recession. It fell 3 per cent, off 9.2p to 257.8p. Telecoms giant BT also saw share losses after it was fined £95 million for overcharging rivals Cable & Wireless Worldwide, BSkyB, Talk Talk, Virgin Media and Verizon to use its network. Shares were 2.6p lower at 239.8p. Banking firms were also hit by fears for the global economy and Barclays shares were down 3.8p to 263p, with Lloyds Banking Group losing 0.9p to 48.3p. BAE Systems shares were also suffering despite the confirmation of a £2.5 billion deal to sell 20 aircraft to Oman, which was higher than expected by many analysts. Guaranteed Rent London The contract for 12 Typhoon and eight Hawk aircraft was welcomed by Prime Minister David Cameron, who will visit the Middle Eastern state today. Shares, however, were 1.9p lower at 346.1p. Insurance giant Aviva announced the latest move in its restructuring plan with a £1.1 billion deal to offload its US life and pensions arm, but shares slipped 1.3p to 382.7p. Utility stocks were on the rise after regulator Ofwat announced significant changes to the next price review process in 2014. Severn Trent was the biggest gainer in the sector, up 41p to 1610p, while South West Water parent Pennon, added 2p to 634p. In the FTSE 250, office rental firm Regus was 4% higher, up 4p to 109p, after unveiling a £40 million bid for London's largest serviced office provider MWB Business Exchange to boost its presence in the capital. The biggest FTSE 100 risers were Randgold Resources up 160p at 6125p, Severn Trent ahead 41p at 1610p, Carnival up 51p at 2442p and Polymetal International ahead 17p at 1176p. The biggest FTSE 100 fallers were Evraz down 9.2p at 257.8p, Resolution off 6.8p at 250.1p, Compass down 19.5p at 723p and Prudential off 23.5p at 872p. 16:15 The FTSE is down at 5,933.50. Chris Beauchamp, market analyst at IG, said: 'In mid-afternoon trading the FTSE 100 remains stuck in the red, down 30 points, although it has held above 5900 once again. 'Shareholders in Blackberry-maker Research in Motion may almost be hoping that today had seen the end of the world, as the shares dive almost 14 per cent. Although the company's third-quarter loss wasn’t as bad as expected, comments about the impact of its new platform rattled investors. 'Up until now the share price had been enjoying a decent year-end rally, but today’s move means it is likely to end the year on a loss.' The FTSE 100 Index pulled back further from the 6000 mark, down 0.5 per cent or 30.32 points to 5928.1, while indices across Europe also declined. The Dow Jones Industrial average also opened sharply lower as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote. Guaranteed Rent London This will leave little time for US President Barack Obama to secure a deal to prevent automatic tax rises and spending cuts on January 1. Telecoms giant BT saw share losses after it was fined £95 million for overcharging rivals Cable & Wireless Worldwide, BSkyB, Talk Talk, Virgin Media and Verizon to use its network. Shares were 3.1p lower at 239.2p. 12:30 The FTSE is creeping back up again following earlier losses, now at 5,923.2. Insurance giant Aviva is to quit the US life and pensions market after announcing a £1.1 billion deal to offload its American arm. The group is selling Aviva USA to Athene Holding - a major player in America's pension annuity sector. The move comes six years after Aviva entered the US with the acquisition of AmerUs for £1.6 billion, although the group stressed it will retain its asset management presence in America. 12:15 The FTSE has pulled back further from the 6000 mark, down 0.7 per cent or 43 points to 5915.3. The slump came as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote, leaving little time for US President Barack Obama to secure a deal to prevent automatic tax rises and spending cuts on January 1. Cold water was poured over hopes for an economic recovery in the new year as growth figures for the third quarter of 2012 were revised down and data showed government borrowing increased – despite British families enduring another year of harsh austerity cuts. Gross domestic product (GDP) figures released in October heralded the possibility of strong return to growth, as the economy grew at its fastest quarterly rate for five years in the third quarter and marked the end of the longest double-dip recession since the 1950s. But today the Office for National Statistics (ONS) admitted the figures were on the optimistic side, revising down the service, manufacturing and construction growth figures and pinning GDP at 0.9 per cent instead of the one per cent previously stated. Read more here. Meanwhile insurance giant Aviva announced the latest move in its restructuring plan with a £1.1 billion deal to offload its US life and pensions arm, but shares slipped 1.6p to 382.5p. Utility stocks were on the rise after regulator Ofwat announced significant changes to the next price review process in 2014. Severn Trent was the biggest gainer in the sector, up 22p to 1591p, while South West Water parent Pennon, added 0.5p to 636.5p. Guaranteed Rent London In the FTSE 250, office rental firm Regus was 2 per cent higher, up 1.9p to 106.9p, after unveiling a £40 million bid for London's largest serviced office provider MWB Business Exchange to boost its presence in the capital. 10:15 The FTSE is down at 5,905.54. Vito Henjoto, market strategist at GFT Markets, said: ‘Europe is feeling the pressure of that downbeat sentiment on Wall Street too, but it's worth putting in context where the major indices now sit. ‘The DOW is back at levels from just last week and whilst the FTSE may be resolute in the fact it doesn't want to break above 6,000, the 5,900 mark remains very much in tact.’ Rebecca O'Keeffe, head of investment at Interactive Investor, said: ‘The odds of the US slipping over the fiscal cliff have clearly risen. In a moment of bad political misjudgement, John Boehner tried to take a deal through Congress that clearly failed to have the President's support, only for it to be rejected by hawks in his own party. This demonstrates how far apart the two sides remain, with only days to go before $600bn of automatic fiscal retrenchment kicks in. ‘The market still expects agreement to be reached, but as we head towards the final week of the year, many investors will be reluctant to hang up their stockings and take a break as the issue goes down to the wire.’ 09:00 Renewed uncertainty about the state of budget negotiations in Washington drove world stock markets lower today. With time running out to avoid the fiscal cliff of automatic tax rises and spending cuts on January 1, the FTSE 100 Index fell sharply, off 40.7 points at 5917.6. The slump came as the Plan B put forward by House Speaker John Boehner failed to gather enough support among Republicans for it to go to a vote. Mining stocks were most affected by the heightened fears that the world's largest economy risks being plunged back into recession. Eurasian Natural Resources topped the fallers board with a three per cent dec
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