Newspaper article Evening Gazette (Middlesbrough, England)

Property Price Jump

Newspaper article Evening Gazette (Middlesbrough, England)

Property Price Jump

Article excerpt

The average asking price for a house in England and Wales has jumped to a new high of pounds 222,859, figures today suggested. A lack of housing supply is wiping out the impact of rising interest rates, according to property website Rightmove.

Prices in January were up 0.5% on the previous month, pushing the annual rate of inflation to 13.5%. Its latest House Price Index showed record asking prices for newly marketed properties in seven of the 10 regions in England and Wales.

Ladbrokes expand

BOOKMAKER Ladbrokes stepped up its European expansion with the purchase of Scandinavian online gambling firm Sponsio for pounds 36m today. Ladbrokes said it wanted to strengthen its position in the Nordic region where per capita spend on gambling is among the highest in Europe.

The group already had a partnership agreement with Sponsio which enabled it to become one of the leading online bookies in the region.

Record profit on track

FT-TO-PENGUIN publishing group Pearson today remained on track for record annual profits, after a continued strong performance in the fourth quarter. …

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