|Lloyds Banking Group, Barclays and Royal Bank of Scotland are "un-investable", says broker|
|Tuesday, 12 June 2012 08:35|
News round up: Lloyds Banking Group plc, Barclays plc, Royal Bank of Scotland Group plc, Apple Inc, House sales and Bank of England.
Apple has stepped up the cold war against Google by removing the internet company’s maps from its phones and computers while striking a deal to integrate Facebook’s network into its devices more closely. Tim Cook, Apple’s chief executive, unveiled a slimmed-down range of Mac computers aimed at stealing a larger slice of the personal computer market.
House sales have plunged by almost 40% since the peak of the housing market as the lack of available mortgage finance prevents potential buyers from stepping on to the property ladder. In its latest health check of the housing market, the Royal Institution of Chartered Surveyors said that in May the average number of completed sales per surveyor was 15.6.
Bank of England
Bank of England policy maker Adam Posen has urged the UK central bank to buy assets other than Government bonds. Mr Posen, who will step down from his role in August, added that he was "too optimistic" when he abandoned a push for more stimulus in April.
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