Anglia Money

More than £1 million worth of vintage tractors, steam engines and classic vehicles have been sold at a vintage auction in Cambridge.

The most popular items were four rare steam engines which went for £237,000 in total.

Also among the sales was an old Anglia TV studio camera, on its steerable dolly, which made £1,000.

The housing market's expected to pick up again across the east following a dip after Brexit.

The Royal Institute of Chartered Surveyors says house prices will increase by 3.3% per year on average for the next five years.

This marks the most confident prediction given in the survey since the referendum vote, although not as strong as predictions made closer to the start of the year, when surveyors predicted annual price growth of more than 4%.

East Anglia has seen the strongest growth in the UK with 30 % of surveyors reporting price rises.

One in three working families in East Anglia would not be able to pay their rent or mortgage for more than a month if they lost their job.

That's according to a study by the housing charity Shelter. The study also showed that most have little or no personal savings.

Bankers are to celebrate a bumper pay day worth £206 million from the takeover of Cambridge technology firm Arm.

Documents released today (August 3) show that financial advisors like Goldman Sachs and Barclays will share the multi-million pound fees as part of the £24 billion deal by Japan's Softbank.

One firm of public relations advisors will get £6 million.

Softbank has pledged to double Arm's 3,000 strong workforce.

The global craze which saw celebrities and millions others doused in ice water to raise money for a Northampton based charity has been credited with funding a scientific breakthrough.

The Motor Neurone Disease association benefitted from some of the 75 million pounds raised through the ice bucket challenge - and now a gene which contributes to the disease has been identified, thanks to research paid for by fundraising.

A Cambridge based technology firm is likely to be sold to a Japanese company for 24 billion pounds.

ARM Holdings make microchips for various smartphones including those made by Apple and Samsung. SoftBank, who want to take it over, say it'll double the number of staff.

The Prime Minister has welcomed the investment but the local MP is more cautious.

Click below to watch a report by ITV News Anglia's David Wood.

The founder of ARM Holdings says the takeover of the Cambridge company by a Japanese firm is a 'sad day for technology in Britain'.

Hermann Hauser says the creation of ARM Holdings has been the 'proudest moment' in his life.

The company makes chips for smartphone brands such as Apple and Samsung and employs 3,000 people in Cambridge at the Science Park.

Japanese internet giant SoftBank has said it will double the number of staff in the UK. While the Chancellor of the Exchequer Philip Hammond has welcomed the sale, calling it a 'vote of confidence' in Britain.

But the MP for Cambridge Daniel Zeichner is not convinced, raising concerns about what happens in the long term.

Watch a short clip with Hermann Hauser.