Tuesday newspaper round-up: House prices, Blackberry, HP
The Royal Institution of Chartered Surveyors said house prices rose in July for a fourth consecutive month, marking their fastest growth since November 2006, The Telegraph reported.
BlackBerry is selling its struggling smartphone business after attempts to arrest its decline proved futile, The Times revealed.
Former chief executive officer of Hewlett-Packard, Mark Hurd, has been cleared of allegations that he defrauded investors over the handling of the sexual harassment claims that led to his dismissal in 2010, the Financial Times said.
Prudential’s shares rose to an all time high on Monday after the insurer said baby boomers in the US and fast growing Asian markets had boosted its first-half profits, according to The Guardian.
H&T’s half-yearly profits were hurt by an explosion in the number of rival pawnbrokers on the high street and a slump in the number of people exchanging gold for cash, The Independent unveiled.
US mortgage finance group, Freddie Mac, is spending hundreds of millions of dollars a year that would otherwise flow to US taxpayers, to prop up its market share relative to Fannie Mae, sources told the Financial Times.