Shell Makes £6bn In Three Months

SkyNews – Royal Dutch Shell made nearly £72m a day as it recorded a 71% jump in third-quarter earnings compared with the year before, boosted by the high oil price.

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House Price Figures: Major Slump

SkyNews – House prices have fallen by 14.6% in the past year according to the latest figures from Nationwide Building Society.

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‘More Than 2m Out Of Work By Xmas’

SkyNews – More than two million will be unemployed by Christmas and the country will enter a “deep and long-lasting recession” unless interest rates are cut “agressively”, according to a leading economist.

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Can Shopping Centre Defy Crunch?

SkyNews – The boss of Europe’s largest inner city shopping centre says he is not worried about opening the £1.7bn complex at a time when the country is teetering on the brink of recession.

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High Oil Price Pumps Shell Profit

SkyNews – Royal Dutch Shell has recorded a 71% jump in third-quarter earnings, boosted by the high oil price earlier this year.

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FTSE Up As Fed Cuts Interest Rate

SkyNews – The US Federal Reserve has, as expected, cut its key interest rate by half of one percent to 1% – the lowest for four years.

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Another Budget Airline Collapses

SkyNews – Hundreds of passengers have had their holiday plans disrupted after another budget airline fell victim to the aviation industry crisis.

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Shock Rise In Mortgage Deals

SkyNews – British mortgage approvals for house purchase rose in September for the first time in more than a year.

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London mid-morning:

ShareCast – There is no shortage of corporate new flow this morning for investors to digest as London blue-chips add to yesterday’s gains.

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House prices fall nearly £30,000 in a year

ShareCast – The average house in the UK has lost 14.6%, or almost £30,000, of its value during the past year, figures from the Nationwide revealed today.

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