Debt misery for 630,000 families trapped in negative equity homes

Debt misery for 630,000 families trapped in negative equity homes 630,000 families have mortgages that are larger than value of their homesReport warns that more people may fall into negative equityCouncil of Mortgage Lenders estimates the number is actually closer to 800,000 people By Becky Barrow PUBLISHED: 01:39 GMT, 26 March 2013 | UPDATED: 02:24 GMT, 26 March 2013 Around 630,000 families in Britain are in negative equity, which means their mortgage is larger than the current value of their home, an official report revealed yesterday.

Children aged just three will be given kindles and iPads this Christmas as their parents upgrade leaving toymakers worried

Children aged just three will be given kindles and iPads this Christmas as their parents upgrade leaving toymakers worried Toymakers Mattel and Hasbro said to be 'terrified' by trendAmount of time children dedicate to gadgets has rocketed | UPDATED: 14:25 GMT, 24 December 2012 iPads and Kindles are said to be more in demand than traditional children's toys such as Mattel's Barbie dolls The toys have been well and truly thrown out of the pram this year as children's Christmas lists are dominated by iPads and Kindles, analysts said. Top toymakers Mattel and Hasbro are said to be 'terrified' at the thought that children no longer plump for traditional presents such as dolls and toy cars, but rather the latest technological gadgets, including iPads and Kindles. 'Up against tech groups that make such engaging entertainment, toymakers cannot compete', said managing director of equity research at Needham & Company, an investment banking firm

Ofcom reveals superfast 4G phone network bidders in largest ever sale of mobile airwaves

Ofcom reveals superfast 4G phone network bidders in largest ever sale of mobile airwaves 4G auction is biggest ever sale of mobile airwaves in BritainFirms will be able to launch early next year following January auction | UPDATED: 12:38 GMT, 20 December 2012 Vodafone and BT will be among seven bidders competing in next year's 4G auction in what marks the largest ever sale of mobile airwaves in the UK, it has been announced. The firms are vying for a slice of airwaves to launch superfast 4G networks up to seven times faster than current 3G versions. Ofcom said the auction, which kicks off in January, will herald 'better, faster and more reliable mobile broadband connections' for consumers across the UK.