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 News
- Morning Line: How the ratings agencies fuelled the credit crisis
Wed, 09 Jul 2008 10:28:47 GMT
“Let’s hope we are all wealthy and retired by the time this house of cards falters.;o).” - rating agency employee email to colleague, 15/12/2006 (8:31 PM).
- Wednesday Morning Market Update: Banks and insurances head modest rally
Wed, 09 Jul 2008 10:05:00 GMT
Housebuilders in better shape, but retailers remain cautious.
- ‘Dutch Anthony Bolton’: bad news already priced in
Wed, 09 Jul 2008 10:04:46 GMT
Leading Dutch fund manager Rolf Stout believes a fantastic buying opportunity exists and is backing emerging markets and commodities to continue outperforming over the next three years.
- The rising cost of family holidays
Wed, 09 Jul 2008 10:03:06 GMT
Fuel surcharges, credit card charges, check-in charges and poor exchange rates all add up to an expensive two weeks. And if you want to go during the school holidays, your costs might double.
- Henderson's Asian manager Kerley shuns India
Wed, 09 Jul 2008 09:45:08 GMT
Henderson Global Investors’ Asian fund manager Mike Kerley is avoiding the Indian stock market because of the state of its current accounts and the high valuations of its stocks.
BBC Business News
- More job cuts at UK housebuilders
Wed, 09 Jul 2008 10:48:05 GMT
Bovis Homes and Redrow announce sweeping job cuts as they struggle to deal with the housing downturn.
- Macau family feud delays listing
Wed, 09 Jul 2008 10:44:56 GMT
The casino company of Macau mogul Stanley Ho delays its stock market float after a court challenge by one of his sisters.
- Euro MPs get tough on airline ads
Wed, 09 Jul 2008 10:30:04 GMT
MEPs move to ban air ticket ads that do not include hidden taxes and charges, in an EU crackdown on misleading cheap fares.
- EU court rules against Alitalia
Wed, 09 Jul 2008 10:03:14 GMT
The EU's top court rejects an appeal by struggling Italian airline Alitalia against conditions for receiving state aid.
- Levi's profits slump 98% to $1m
Wed, 09 Jul 2008 09:53:00 GMT
Profits dive at US clothing maker Levi Strauss as a result of weak consumer spending and costly new software.
London Stock Exchange News
- Asian stocks down on renewed credit fears
Tue, 08 Jul 2008 11:18:17 +0100
Asian stocks retreated dramatically on Tuesday in the wake of continued concerns over the plight of large US financials.
- German industrial output slumped in May
Tue, 08 Jul 2008 11:16:06 +0100
German industrial output fell at the sharpest rate for almost 11 years during May, new figures suggest.
- Slump in output fuels recession fears
Tue, 08 Jul 2008 11:15:02 +0100
New data for UK industrial output has stoked concerns that the UK is about to enter a recession.
- Older Britons hit hard by surging living costs
Tue, 08 Jul 2008 04:28:44 +0100
Older Britons are relying on borrowing to help them meet higher living costs, a new survey has discovered.
- European stocks hit by reporting season jitters
Tue, 08 Jul 2008 04:23:57 +0100
European stocks were down sharply this morning, with fears that banks are set to confirm further writedowns fuelling the losses.
Mortgage News
- Loanoptions and TCF Debt Solutions secure new investment
Wed, 9 Jul 2008 11:29:53 GMT
New investment has been injected into Loanoptions.co.uk, TCF Debt Solutions and Merchant Business Finance in return for a minority shareholding.
- Just Retirement joins Paradigm panel
Wed, 9 Jul 2008 10:50:22 GMT
Just Retirement is the latest provider to join Paradigm Mortgage Services’ preferred equity release panel.
- Exclusive Connections launches remortgage package
Wed, 9 Jul 2008 10:26:39 GMT
Exclusive Connections is offering a remortgage costs package that includes valuation and legal fees for £495.
- A&L reveals new chairman
Wed, 9 Jul 2008 09:36:04 GMT
Alliance & Leicester has today revealed the appointment of Alan Gillespie as chairman.
- Moneysupermarket.com shares plunge 32%
Tue, 8 Jul 2008 17:20:37 GMT
Moneysupermarket.com's share price has plunged 28p to 59.5p on the back of Barclays' announcement today that it's closing to new business its secured loans brand First Plus.
BBC News
- Summit ends with climate 'vision'
Wed, 09 Jul 2008 10:58:20 GMT
G8 leaders meeting in Japan proclaim a "shared vision" on greenhouse gases, but fail to get poor nations to agree to cuts.
- LIVE: Prime minister's questions
Wed, 09 Jul 2008 10:55:20 GMT
The key points, reaction and your comments as Harriet Harman stands in for Gordon Brown at his weekly House of Commons grilling.
- More job cuts at UK housebuilders
Wed, 09 Jul 2008 10:48:05 GMT
Bovis Homes and Redrow announce sweeping job cuts as they struggle to deal with the housing downturn.
- Chambers to learn fate next week
Wed, 09 Jul 2008 10:44:14 GMT
Dwain Chambers will find out next Wednesday if he will be allowed to represent Britain at this summer's Olympic Games.
- Attack at US Istanbul consulate
Wed, 09 Jul 2008 10:37:32 GMT
Three Turkish policemen and three gunmen are killed in an attack near the US consulate in Istanbul, officials say.
