Bad Credit Mortgage Refinance Uk

BBC: Step Right Into The Telly

Under the tent, they danced, waving fluorescent glow-sticks to the beat of bands Franz Ferdinand, Snow Patrol, and Pink. The British Broadcasting Corp. pulled out all the stops for its free One Big Weekend concert on May 12 and 13, renting an island, complete with tents and a huge stage. There was just one twist: It was all virtual, existing in the online game Second Life. The event mirrored the BBC's real world concert, held simultaneously in Dundee, Scotland. Some 30,000 people made it to Dundee, but 6,000 others attended while sitting at their PCs. .

Australia's CBA H2 earnings may rise 15 percent

SYDNEY, Aug 4 (Reuters) - Commonwealth Bank of Australia Ltd. (CBA) , Australia's biggest mortgage lender, is expected to report a 15 percent rise in second-half earnings on Wednesday on stronger lending, but growth may slow in fiscal 2007.

Australian banks are benefiting from 15 years of economic growth and a 30-year low in unemployment that have fuelled demand for credit and kept a tight lid on bad debts, but borrowing costs have risen on the back of higher interest rates.

The country's central bank increased its key interest rate to 6 percent this week -- the highest level since early 2001 and the second rate rise this year -- and raised its inflation forecast on Friday, fuelling speculation of a third rise later this year.

Analysts said commercial banks' profit margins would improve as they passed on the full rate rise to their loan customers and kept transaction accounts largely unchanged, but a longer term risk of rising rates was slower growth and more troubled loans.

Wachovia's Net Rises on Acquisitions, Investment Bank (Update5)

July 20 (Bloomberg) -- Wachovia Corp., the fourth-largest U.S. bank, said profit rose 14 percent to a record in the second quarter on acquisitions and higher investment-banking fees.

Net income climbed to $1.89 billion, or $1.17 a share, from $1.65 billion, or $1.04, a year earlier, the Charlotte, North Carolina-based company said today in a statement. Revenue rose 14 percent to $7.26 billion.

Chief Executive Officer Kennedy Thompson, who in May announced a $26 billion deal for California's Golden West Financial Corp., boosted profits through the purchases of Westcorp and AmNet Mortgages Inc., which provide car loans and mortgages to borrowers with poor credit histories. Trading and investment banking picked up from the same period last year, even as stock markets sputtered in May and June.

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