News and comment
The external links on this page will take you to other sites which are not connected to the regulated site of . Neither nor
Welcome to your on-line financial newsletter. This service is regularly updated to bring you news of important developments in financial matters.
Citywire News
- Thursday Closing Market: US falls put FTSE back in bear's claws
Thu, 24 Jul 2008 17:17:00 GMT
A faltering start in the US which was hit by faster than expected declines in house sales and soaring unemployment numbers contributed as the UK slipped back into bear market territory.
- 'Lautro 12' has become 19, FSA tells tribunal
Thu, 24 Jul 2008 15:52:28 GMT
The Financial Services Authority has been forced to reveal to the IFA Defence Union that the number of life offices caught up in the Lautro charges row has been raised from 12 to 19.
- British Energy soars after admitting 'advanced' stage takeover talks
Thu, 24 Jul 2008 15:36:00 GMT
Nuclear power generator British Energy has revealed it is in advanced discussions with one company over a potential bid for the group.
- Thursday Lunchtime Market: FTSE sliding as US opening looks weaker
Thu, 24 Jul 2008 13:27:30 GMT
UK stocks remained depressed after midday with profit taking, negative outlooks and sliding commodity prices impacting blue chips.
- Rensburg's Morton backs BG Group over oil giants
Thu, 24 Jul 2008 12:25:50 GMT
BG Group has more exciting growth prospects than BP and Shell, says Rensburg's Colin Morton.
BBC Business News
- Sad birthday?
Thu, 24 Jul 2008 16:59:59 GMT
The glory of the Model T can't hide Ford's problems
- Boss of BP Russia venture leaves
Thu, 24 Jul 2008 16:59:51 GMT
BP says the chief executive of its Russian venture TNK-BP has temporarily left Russia because of "sustained harassment".
- Carmakers tackle profit problems
Thu, 24 Jul 2008 16:52:09 GMT
Three of the world's top carmakers unveil plans to help them survive as the industry faces slumping demand.
- Slippery business
Thu, 24 Jul 2008 16:35:38 GMT
BP faces battle to keep Russian joint venture
- US home sales still on the slide
Thu, 24 Jul 2008 15:42:24 GMT
The downturn in the US housing market continued in June, with sales 15.5% lower than a year earlier, industry data shows.
London Stock Exchange News
- Mortgage advisers 'are failing customers'
Thu, 24 Jul 2008 12:15:12 +0100
The standard of service supplied by the UK's mortgage advisers has been slammed by the UK's largest consumer magazine.
- MP calls for probe into pension scheme collapse
Thu, 24 Jul 2008 12:12:59 +0100
The collapse of a pension scheme for trawler men should be the subject of an official investigation, according to an MP.
- SWFs 'set to boost equities'
Thu, 24 Jul 2008 12:11:27 +0100
Global equities are set to benefit from the increasing involvement of state-backed investment vehicles, it has been predicted.
- Eco-improvements 'would cut UK gas bill by ?4.6bn'
Thu, 24 Jul 2008 12:09:22 +0100
UK households could cut their domestic gas bill by a total of £4.6 billion annually by employing energy saving, eco-friendly measures, a new study suggests.
- Alarm systems 'barely affect insurance premiums'
Thu, 24 Jul 2008 12:07:15 +0100
Car and home insurance premiums are only minimally affected by fitting security systems, new research has revealed.
Mortgage News
- Yorkshire rolls out new fixed rates
Thur, 24 Jul 2008 14:44:53 GMT
Yorkshire is reducing the rates on a number of fixed rate mortgages by up to 0.5%.
- H&C sees 25% business increase in 2008
Thur, 24 Jul 2008 11:00:56 GMT
Home & Capital has revealed a 25% increase in business written in its results for the year ending April 1 2008.
- NAEA says government should learn from US mistakes
Thur, 24 Jul 2008 10:47:28 GMT
The National Association of Estate Agents has urged the government to learn from the US government's mistakes and act now over the UK housing market slump.
- Prestbury reveals AR roadshow details
Thur, 24 Jul 2008 10:26:50 GMT
Prestbury has revealed the details of its upcoming appointed representative road shows.
- SPML securities downgraded to negative
Thur, 24 Jul 2008 10:17:27 GMT
Lehman Brothers subsidiary Southern Pacific Mortgages Limited has seen two of tranches of its residential mortgage-baked securities downgraded to negative by Fitch Ratings.
BBC News
- Mosley wins court case over orgy
Thu, 24 Jul 2008 17:29:37 GMT
Motorsport boss Max Mosley wins a legal action against a newspaper over claims an orgy he took part in had Nazi overtones.
- Obama makes key speech in Berlin
Thu, 24 Jul 2008 17:27:56 GMT
White House hopeful Barack Obama begins a keynote speech in Berlin on how he sees future relations with Europe.
- Beach pollution action launched
Thu, 24 Jul 2008 17:00:03 GMT
A businessman sues for 5.1m over beach pollution which it is claimed could cost millions of pounds to clean.
- Boss of BP Russia venture leaves
Thu, 24 Jul 2008 16:59:51 GMT
BP says the chief executive of its Russian venture TNK-BP has temporarily left Russia because of "sustained harassment".
- US cancer boss in cell phone warning
Thu, 24 Jul 2008 16:56:41 GMT
The director of a top US cancer research institute warns thousands of staff of possible risks from mobile phone use.
