Credit Crunch news


We have no problem filling, say other self-catering owners

THE experience of self-catering accommodation owner Mark Hesse does not reflect the industry, which is in a healthy state, other owners said yesterday.


A leaner corporate sector offers investors opportunities

GUERNSEY investors have been told that the macroeconomic environment is still uncertain but the corporate picture looks much brighter.


Slow end to year, but property sales well up

GUERNSEY’S housing market is buoyant but a shortage of properties is leaving buyers frustrated, according to one estate agent.


Resident starts his US claim for £7bn

A GUERNSEY resident has started his bid in a court in New York to win £7bn in damages in what is being dubbed the ‘trial of the century’.


New Guernsey-based Islamic funds list on local exchange

A NEW suite of Guernsey-based Islamic-compliant investments has been listed on the Channel Islands Stock Exchange.


Alderney Week ‘the perfect way to forget credit crunch’

A TORCHLIGHT procession signalled the end of Alderney Week on Saturday.


Fond memories but bookshop is closing

THE island’s only independent standalone bookshop is to close in less than two weeks.


Recession took longer to hit us, says retailer

A RETAILER has said business was slower in the first five months of this year than 2009, despite signs the economy was recovering.


‘Investec 62 should find work’

TREASURY minister Charles Parkinson is confident the island’s finance sector can absorb the job losses announced by Investec Trust.


Treasury predicts inflation peaking at ‘normal’ 3.5%

INFLATION is predicted to rise to 3.5% during the first quarter of 2010 from 2.9% at the end of December.

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