News and comment
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Welcome to your on-line financial newsletter. This service is regularly updated to bring you news of important developments in financial matters.
Citywire Investment News
- Saturday Papers: JC Flowers looking closely at bombed-out banks -- bid news and gossip
Sat, 05 Jul 2008 10:30:00 GMT
EU opens inquiry into BHP's proposed acquisition of Rio Tinto.
- Saturday Papers: tips and comment
Sat, 05 Jul 2008 10:25:00 GMT
Comment on BB, MS, BG, Pendragon, Spectris and Melrose Resources.
- Barclays Wealth backs UK financials to outperform over medium term
Sat, 05 Jul 2008 00:01:00 GMT
Barclays Wealth has backed UK financials to outperform over the medium term, alongside materials and telecoms, despite a downgrading of the house view on growth.
- Friday Closing Market: BB's restructured rights issue casts pall over FTSE
Fri, 04 Jul 2008 17:24:14 GMT
The FTSE closed down sharply on Friday, down 1.16% or 63.80 points despite a modest rally among some retailers and selective miners.
BBC Business News
- Call for inheritance law change
Sat, 05 Jul 2008 14:06:36 GMT
More money should be allowed to parents with dependent children if their spouse dies without a will, say legal experts.
- Thousands 'face negative equity'
Sat, 05 Jul 2008 12:43:44 GMT
Close to 150,000 homeowners who took out mortgages since early 2007 may face negative equity, research suggests.
- Protests ahead of Japan G8 summit
Sat, 05 Jul 2008 06:07:59 GMT
Protests begin on the northern Japanese island of Hokkaido ahead of Monday's summit of the G8 nations.
- Shops 'misleading customers'
Sat, 05 Jul 2008 04:17:06 GMT
High street shop staff are fobbing off customers and giving misleading advice about rights, Which? says.
Citywire News
- The three reasons for the UK's pensions crisis
Sun, 06 Jul 2008 00:01:00 GMT
For one, we have no money put aside for public sector pensions; if we did, every household in the UK would have to stump up about £43,000.
- Pound’s falling exchange rate hits holiday homes
Sun, 06 Jul 2008 00:01:00 GMT
Borrowers who raised a loan in a foreign currency are facing the double whammy of falling house prices and increasing debt.
- Life is cheap
Sun, 06 Jul 2008 00:01:00 GMT
What is the minimum standard of living that every UK citizen should be able to enjoy? £450 a year for birthday presents to start with.
- Guide to paying school fees: Picking the right solution for you
Sun, 06 Jul 2008 00:01:00 GMT
In the second part of Citywire's guide to paying school fees we examine how to go about paying for them; whether to pay early, invest to cover the cost, or borrow.
Mortgage News
- OFT highlights consumer importance
Fri, 4 Jul 2008 13:08:27 GMT
The chairman of the Office of Fair Trading has highlighted the need for the financial services industry to work together to ensure that consumers can drive market development.
- Brokers warned over distribution panels
Fri, 4 Jul 2008 09:37:19 GMT
Mortgage Next is warning brokers not to take distributor’s lender panels for granted as more lenders cut back on distribution partners.
- TMA launches semi-exclusive with AfI
Fri, 4 Jul 2008 09:37:06 GMT
The Mortgage Alliance has launched a three-year semi-exclusive fixed rate product funded by Abbey for Intermediaries.
- CII launches TCF podcasts
Fri, 4 Jul 2008 09:06:02 GMT
The Chartered Insurance Institute has launched a series of podcasts to help insurers, brokers, and financial advisers get to grips with the Treating Customers Fairly regime.
London Stock Exchange News
- Brits 15% worse off than five years ago
Fri, 04 Jul 2008 12:29:46 +0100
Soaring living costs have left Britons 15 per cent worse off than they were in 2003, new research has shown.
- BHP strikes deal with Baosteel
Fri, 04 Jul 2008 12:27:29 +0100
Mining giant BHP Billiton has agreed to iron ore price hikes with Chinese steelmaker Baosteel.
- Indian stocks down on record high oil prices
Thu, 03 Jul 2008 12:16:07 +0100
Indian stocks retreated in early trade, with surging oil prices fuelling fears of fuel price rises and government-imposed interest rate increases.
- UK facing 'toughest challenge since 1990s'
Thu, 03 Jul 2008 12:14:36 +0100
Conditions in the UK economy mean that the nation is facing the toughest challenge since the early 1990s or even earlier, the newly appointed deputy governor of the Bank of England has warned.
BBC News
- UN to urge revamp of Afghan aid
Sun, 06 Jul 2008 01:36:57 GMT
The UN's envoy to Afghanistan is to set out a new plan on aid spending, amid concern millions have been wasted.
- Student's family appeal to killer
Sun, 06 Jul 2008 01:19:28 GMT
The parents of a French student stabbed to death and burned in a London flat say his killer "cannot hide forever".
- Church tourism plan put to Synod
Sun, 06 Jul 2008 01:14:51 GMT
A proposal to open parish churches to tourists is to be put to the Church of England's governing body.
- Inquiry urged into UK territory
Sat, 05 Jul 2008 23:42:25 GMT
MPs call for an inquiry into the administration of British overseas territory the Turks and Caicos Islands.
