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
- James Montier: The 'Austerians' will destroy the recovery and usher in deflation
Fri, 30 Jul 2010 13:33:04 +0100
The 'Austerians' could destroy an economic recovery and increase the likelihood of deflation, warns influential investor James Montier.
- Saints hikes divi and expects shareholder payouts to rise
Fri, 30 Jul 2010 13:10:40 +0100
Manager of the Baillie Gifford trust Patrick Edwardson says as the global economic recovery picks up, so too will company profits and their payouts to shareholders.
- Exeter IFA firm strikes outsourcing deal with Brooks Macdonald
Fri, 30 Jul 2010 12:54:27 +0100
RK Shipman has entered into an agreement with Brooks Macdonald for the London based asset manager to run its clients' money.
- Push start from Fidelity helped Ocado get its flotation away
Fri, 30 Jul 2010 11:56:34 +0100
Ocado had to rely on existing shareholders - and fund management group Fidelity in particular - to get its recent stock market flotation away.
Citywire Money, Tax and Property
- House prices: Nationwide reports first drop since February
Thu, 29 Jul 2010 08:24:53 +0100
Nationwide has reported a 0.5% drop in the price of an average UK property, adding to evidence that prices are heading lower.
- House prices rise slightly in June
Wed, 28 Jul 2010 13:07:44 +0100
Land Registry reports 0.1% rise in June following May?s slight fall. Figures come in contrast to other indices which are showing falling prices.
- Morning Line: interest rate rise or not, savers are unlikely to benefit
Mon, 26 Jul 2010 11:51:04 +0100
Seldom have economists been so divided over when interest rates will rise. But whatever happens, it is unlikely that savers will benefit.
- 'Home staging' is all the rage - but there are better ways to sell up
Sun, 25 Jul 2010 00:01:00 +0100
A booming industry in the US aims to help people sell their homes, but here, as a second property price bust looms, it's hard cash that will ultimately speak loudest.
BBC Business News
- Fugitive Nadir will stand trial
Fri, 30 Jul 2010 15:59:17 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, confirms he will come back to the UK to stand trail on theft charges.
- BP boss scaling back oil effort
Fri, 30 Jul 2010 15:57:12 +0000
The new BP chief executive has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico.
- Airbus firm EADS lifts output aim
Fri, 30 Jul 2010 15:31:18 +0000
Airbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings.
- Immigrant worker limit criticised
Fri, 30 Jul 2010 15:07:39 +0000
Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London.
Sky Business News
- Big Losses For British Airways And Virgin
Two of Britain's biggest airlines, British Airways and Virgin Atlantic, have announced big operating losses.
- Hong Kong Tycoon Buys EDF's UK Networks
A consortium of companies led by Asia's richest businessman has won a bid to buy the UK distribution networks of the French electricity provider EDF for £5.8bn.
- US Recovery Continues But Slowed By Imports
US economic growth slowed in the second quarter as a capital investment drive by businesses saw imports increasing at their fastest pace since 1984.
- BP Boss Hayward Treated As Spill 'Villain'
Tony Hayward has defended his actions as head of BP and says he was treated as "a villain for doing the right thing".
