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Investment News from the London Stock Exchange

US shares flat as investors digest housing data
27/05/2009 00:10 - Benchmark share indexes in the US were largely flat on Wednesday (May 27th) as investors mulled the results of a key housing report, which showed that sales of existing properties climbed 2.9 per cent in April.

Brevan Howard tops Hedge Fund 50
27/05/2009 00:10 - Brevan Howard Asset Management has topped Alpha magazine's list of the top 50 hedge funds in Europe, according to reports.

Mortgage lending hits lowest point since 2001
27/05/2009 00:09 - Gross and net mortgage lending hit their lowest monthly levels since March 2001 in April, as approvals continued to be "weak", the British Bankers' Association (BBA) has said.

Building societies in 'strong shape'
27/05/2009 00:07 - Despite the challenges facing mutuals because of the economic downturn, building societies remain in generally good shape, it has been claimed.

Outstanding debt 'overtakes annual earnings'
26/05/2009 23:44 - For every £1 earned in an annual salary, the average Briton now owes £1.02 in debts, according to new research from Confused.com.

FOS publishes annual disputes report
26/05/2009 23:32 - The Financial Ombudsman Service (FOS) has published its annual report showing it handled a record 127,471 new complaints in the past year.

Report: 11% to be free of mortgage debt within decade
26/05/2009 23:31 - Over one in ten homeowners (11 per cent) will take advantage of current market conditions to pay off their mortgage within the next decade, new research indicates.

Equitable Life policyholders secure high court date
26/05/2009 23:06 - Equitable Life policyholders who saw their pension savings damaged by the company's near-collapse in 2000 have won the right to challenge the government's decision not to award compensation to all those affected.

AIMA to "mobilise" hedge funds over European directive
26/05/2009 22:53 - Hedge fund body the Alternative Investment Management Association (AIMA) has said it plans to "mobilise" the industry through a series of initiatives intended to push for a redraft of the European Commission's proposed Alternative Investment Fund Managers Directive.

European consumer confidence 'weathering recession'
26/05/2009 22:52 - Consumer confidence in the major economies of the eurozone is holding up despite the damaging impact of a recession that the European Commission believes will lift the European Union's (EU) unemployment rate to 10.9 per cent.

38m consumers 'planning to change financial behaviour'
27/05/2009 07:30 - The economic downturn has left consumers so rattled that 38 million have vowed to change their financial behaviour in the future, a survey has found.

Pension commitments 'put UK firms at competitive disadvantage'
27/05/2009 06:00 - The cost of funding defined benefit (DB) pension arrangements is putting British firms at a "competitive disadvantage" to many of their international rivals, a new report has warned.

Service sector 'starting to stabilise'
27/05/2009 05:37 - The UK's service industries remain in "deep recession" but there are signs of improving sentiment and increasing expectations that the sharpest declines in business activity may now be over, the Confederation of British Industry (CBI) has said.

Hang Seng surges to 8-month high
27/05/2009 05:18 - Share prices in Hong Kong hit an eight-month high on Wednesday (May 27th) as US data boosted investors' hopes for a global economic recovery.

US consumer confidence lifts Tokyo shares
27/05/2009 05:11 - Japan's Nikkei 225 share average climbed 1.4 per cent to its highest close for a fortnight on Wednesday (May 27th) with share prices rallying thanks to an unexpected rebound in US consumer confidence.

Wall St gets shot in the arm from consumers
26/05/2009 01:32 - US share prices moved higher in early trading on Tuesday (May 26th) as Wall Street was buoyed by new figures showing American consumer confidence is at its highest level for eight months.

Borrowing complaints 'up by over one-third'
26/05/2009 00:26 - The number of consumer complaints about providers of personal loans and credit cards has increased by over one-third in the past 12 months, figures set to be published tomorrow (May 27th) will reveal.

Market upturn imminent, say fund managers
26/05/2009 00:24 - UK fund managers are confident that an upturn in the stock market is "imminent", according to a new survey from Lloyds TSB Private Banking.

Deflation risk underestimated, warns Threadneedle
25/05/2009 23:41 - The risk of deflation is being underestimated as deleveraging is still feeding through to the real economy, spare capacity is rising and wage bargaining remains "weak", Threadneedle has warned.

Quantitative easing 'needs time to influence lending'
25/05/2009 23:26 - People should not "read too much" into the fact that quantitative easing has apparently failed to boost lending yet as there is bound to be a lag between money going in to the system and an increase in finance levels, an expert has claimed.