Bradford & Bingley profits warning takes FTSE 100 below 6000
Summary from multiple countries, from articles in English
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Freshfields Bruckhaus Deringer, the leading London-based law firm, on Monday unveiled a near-40 per cent rise in profits, in the latest striking evidence of the legal profession's continued prosperity amid the fall-out from the credit crunch. (article 9)
Plunging bank stocks forced the FTSE 100 below 6,000 as investors frightened by Bradford & Bingley's surprise profits warning fled the sector. (article 4)
The banking sector was down 1.5 per cent by the late afternoon, compared with a 1 per cent fall in the FTSE 100. (article 4)
The cost of home improvements has shot up by a fifth in two years because of rising costs of raw materials and transport and a growing shortage of tradesmen. (article 8)
For example, roofing costs have risen by 26 per cent, plumbing and electric work by 22 per cent and painting by 17 per cent, all outstripping inflation over the past two years. (article 8)
Canadians spent $19.8 billion on housing through the first three months of this year, up 7.5 per cent from the first quarter of 2007, Statistics Canada said Monday. (article 7)
Spending on apartments increased by 17.5 per cent to $2.6 billion, while spending on single-family housing construction rose by 3.7 per cent to $5.6 billion. (article 7)
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Story keywords
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cent, b&b, Bradford, Bingley, mortgage |
Source articles
- Wall St down amid fears over banks (ft.com, 06/02/2008, 697 words)
- Tobacco revamp proposals deflate Imperial (ft.com, 06/02/2008, 705 words)
- Julius Baer and UBS bear the brunt (ft.com, 06/02/2008, 584 words)
- Bradford & Bingley profits warning takes FTSE 100 below 6000 (business.timesonline.co.uk, 06/02/2008, 257 words)
- Confidence in tech stocks returns (ft.com, 06/02/2008, 885 words)
- Mid-market M&A activity shows more resilience (ft.com, 06/01/2008, 178 words)
- Housing spending hits $19.8B in first quarter (cbc.ca, 06/02/2008, 215 words)
- Cost of home improvements shoots up (ft.com, 06/02/2008, 396 words)
- Freshfields reveals 40% leap in profits (ft.com, 06/03/2008, 308 words)
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