Business and Finance news

Housebuilders’ woes were compounded today as ABN Amro downgraded Persimmon and Taylor Wimpey to ‘sell’ from ‘hold’ amid what it sees as continued poor conditions for the housing sector.
Cutting its EPS estimates for the sector by 19% in 2008 and 30% in 2009, ABN retained a ‘cautious’ view saying there still appeared to be downside […]

The case for the Bank of England (BoE) to lower interest rates or inject some kind of liquidity into the market is getting stronger as market conditions continue to deteriorate the Council of Mortgage Lenders (CML) has said.
In a report, the CML warned that wholesale markets are still dysfunctional and “funding pressures have started to […]