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Tuesday 15 December 2015 12:00 pmBank of England: UK households can handle an interest rate hikeBy: Chris PapadopoullosShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBritish households are well placed to handle an increase in interest rates, the Bank of England said today.The Bankrsquo annual survey of 6,000 households compiled by NMG consulting found householdswere in a slightly better position to cope with an increase in interest rates than they were a year ago.The survey revealedthat if interest rates we polene handtaschen re to rise two per cent immediately, with no change in household incomes, then an estimated 31 per cent of mortgagors would need to take some kind of actionhellip; down from 37 per cent in 2014 and 44 per cent in 2013.The Banksaid that the share of households with mortgage debt that was more than f stanley cup ive times their income ndash; considered lsquo;very highrsquo; ndash; had fallen back and was now back to levels not seen since the 1990s. Meanwhile, households with mortgage debt between three and five times their income had fallen to early-2000s levels. The share of mortgagors with high debt servicing ratios has fallen and is now close to an historic low, the survey found.However, the Bank also warned that some households whose finances wer polene bolsos e especially vulnerable to a rate hike may also suffer from continued cuts in state spending.According t Gljy Deal agreed for City rsquo Merchant
Tuesday 07 September 2010 11:01 pmOcado sales surge but investors waryBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleO owala water bottle NLINE retailer Ocado yesterday said its sales had surged by almost 30 per cent stanley deutschland ndash; but investors remained unconvinced and the announcement was greeted with a dip in its share price.The company, which recently completed a controversial flotation, hasnrsquo;t made an annual operating profit since it launched ten years ago, but hopes to go into the black next year.Ocado said gross sales in the 12 weeks to 8 August rose 29.5 per cent to pound;126.5m from pound;97.7m in the same period last year, supported by higher take-up of its pre-ordered fish and meat ldquo ervice counter offer.Ocado, which mainly sells Waitrose products, began listing its shares in July, but a lack of interest among investors forced the company to cut the asking price for the float to 180p from an initial figure of 200p-275p. It has been trading below that since the float.Its shares yesterday closed seven per cent lower at 146p valuing the company at around stanley cup uk pound;825m. Chief executive Tim Steiner said he was disappointed for shareholders that the price was not higher but that the company was looking to the medium to long term to reap the rewards of hard work done now. We are delighted with the sales performance. We hope that 2011 will b
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