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
- Thursday Closing Market: FTSE dips as BoE action fails to cheer
Thu, 04 Dec 2008 17:03:43 GMT
UK blue chips end lower as widely expected rate cut fails to boost markets.
- Morrisons deal for Co-op stores is 'reasonably priced' says top investor
Thu, 04 Dec 2008 16:59:35 GMT
Fund manager says takeover deal fits with group's strategy and praises 'very good' performance.
- Analysts doubt restructured New Star can keep star managers
Thu, 04 Dec 2008 15:17:47 GMT
New Star's restructuring which hands 75% of the firm's equity to creditors has not convinced wealth managers the firm can retain the likes of Richard Pease (pictured).
Mortgage News
- Skipton MD quits
Thur, 4 Dec 2008 16:07:22 GMT
Steve Haggerty has unexpectedly quit as managing director of Skipton.
- Rate cut is good but tough times are ahead
Thur, 4 Dec 2008 15:30:30 GMT
Buy-to-let broker Mortgages for Business is warning that while the drop in Bank of England base rate is good news there are still tough times ahead in 2009.
- Spowart to plead against Lloyds takeover on C4
Thur, 4 Dec 2008 14:42:12 GMT
Jim Spowart, the founder of Intelligent Finance, and Scottish National Party MSP Alex Neil will call on HBOS shareholders to vote against the planned Lloyds TSB takeover on Channel Four tonight.
Citywire News
- Friday Papers: Detroit carmakers would accept govt control -- other news
Fri, 05 Dec 2008 07:02:51 GMT
Dow falls 215 points as factory orders post biggest drop in eight years.
- Friday Papers: British Land in talks to sell Meadowhall stake -- bid news and gossip
Fri, 05 Dec 2008 06:58:05 GMT
Banks hope to flush out a bidder for New Star.
- Friday Papers: tips and comment
Fri, 05 Dec 2008 06:53:51 GMT
Comment on interest rates, BA, Morrison, Michael Page, Balfour Beatty, Optos, Qinetiq, Bellway and Western Oriental and tips for Brit Insurance, Assetco, Intec and Aurelian Oil Gas.
BBC Business News
- Banks face pressure on rate cut
Fri, 05 Dec 2008 06:33:34 GMT
MPs pressure banks to pass on 1% cut in interest rates to customers as HBOS offers only 0.25%.
- China, US pledge $20bn trade aid
Fri, 05 Dec 2008 06:32:16 GMT
The two countries pledged $20bn (13.6bn) to help finance global trade, as part of efforts to boost the faltering world economy.
- US carmakers' plea under scrutiny
Fri, 05 Dec 2008 04:07:17 GMT
Bosses from America's big three car companies face a second day of grilling in Congress over their request for a $34bn bailout.
London Stock Exchange News
- Nikkei '"spooked" by whispers of automakers bankruptcy deal
Thu, 04 Dec 2008 09:50:28 +0000
Reports that the US car manufacturers General Motors (GM) and Chrysler could accept a pre-arranged bankruptcy in return for a government-funded bailout sparked selling on Asia's markets on Thursday (December 4th), with investors seeking to distance themselves from financial institutions linked to the automakers.
- "Rapid" deterioration could prompt slash in rates
Thu, 04 Dec 2008 09:40:18 +0000
The "rapid deterioration" in business conditions experienced since November's interest rate cut could prompt the Bank of England's monetary policy committee (MPC) to once again slash rates later today (December 4th).
- Wall Street 'retreats on retail news'
Thu, 04 Dec 2008 05:58:56 +0000
Share prices retreated on Wall Street in early trading on Thursday (December 4th), as declining retail sales, high unemployment and news of more job losses to come reversed the momentum of the markets following two days of gains.
BBC News
- Gambia Britons on sedition charge
Fri, 05 Dec 2008 07:00:07 GMT
Two British Christian missionaries are charged with sedition in the West African state of the Gambia.
- Funeral of fisherman takes place
Fri, 05 Dec 2008 06:58:50 GMT
The funeral of Martin Wylie, the fisherman who died after falling from a boat in Lough Neagh on Monday, is to take place.
- AMs' value for money questioned
Fri, 05 Dec 2008 06:47:26 GMT
The chair of a panel examining Assembly Members' pay and expenses says some give more value for money than others.
