Amazon.co.uk are doing the Beurer PM 25 Heart Rate Monitor at 30% discount at the moment, so it's just £28 down from £40. Here it is: Amazon - Beurer PM 25
One of my running partners has this watch. It's got all the functions that most people would need.
I have just purchased the Petz Tikka XP 2. It's been invaluable, helping me scamper through the woods and fields at night. It's lightweight, comfortable and has various lighting modes.
This article was a good read. I started running a few weeks ago, having not done any regular running for years. It was hard work the first two or three times, but even by run five I really noticed an improvement. Most importantly, I just enjoy being out in the fresh air and running through the fields and woodland.