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
- Shell profits nearly double
Thu, 29 Jul 2010 16:15:00 +0100
(Update) Anglo-Dutch oil giant Royal Dutch Shell said its profits had soared 94% in the second quarter thanks to oil price rises, production increases and cost-cutting.
- Evershed claimed Duffield 'undermined' fund managers' confidence
Thu, 29 Jul 2010 14:24:07 +0100
Fund manager Patrick Evershed can proceed with his case claiming constructive dismissal against the now defunct New Star Asset Management.
- Towergate launches RDR transition service
Thu, 29 Jul 2010 12:07:26 +0100
Towergate Financial is to allow advisers access to its investment proposition and platform as part of a service to help firms prepare for the retail distribution review and improve client communication.
- SC Davies launches global multi-asset funds ahead of RDR
Thu, 29 Jul 2010 11:30:22 +0100
Boutique wealth manager SC Davies Co to launch a trio of funds ahead of the retail distribution review (RDR).
- FSA brings advisers and wealth managers under remuneration code
Thu, 29 Jul 2010 11:20:41 +0100
The Financial Services Authority (FSA) is proposing to widen the application of its remuneration code to investment and financial advice firms, forcing advisers to defer 40% of any bonuses for three years.
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.
- '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.
- House prices: the areas where it is cheaper to buy than rent
Wed, 21 Jul 2010 14:08:22 +0100
A new survey reveals the places where it is cheaper to buy a home than rent one, provided you can get the mortgage.
- Mortgage ?calculation error? leaves 18,000 customers with shortfall
Wed, 21 Jul 2010 13:33:00 +0100
Thousands of Yorkshire and Clydesdale mortgage customers have been left with a shortfall on their mortgage, after the bank miscalculated their monthly repayments.
FT.com - Financial Markets News
- Developing nations need to ?inhale? global capital
Thu, 29 Jul 2010 16:18:14 GMT
Never have so many emerging markets been as flush as they are today, so investors with a long-term horizon should add selectively to their exposure
- ExxonMobil earnings boost Wall Street
Thu, 29 Jul 2010 14:29:47 GMT
US stocks rose in early trading after Exxon Mobil joined the ranks of companies reporting better-than-expected earnings and jobless claims fell more than predicted
- Confident?China?climbs?two-month?peak
Thu, 29 Jul 2010 13:48:47 GMT
Chinese steel and cement industry boosted by optimistic economic predictions
- Stocks drop as rally runs out of steam
Thu, 29 Jul 2010 13:45:01 GMT
Global Markets Overview: Investors are turning very selective about risk, as shares decline while some currency markets embrace chancier assets
- Pharmaceuticals help European bourses rebound
Thu, 29 Jul 2010 11:36:37 GMT
A clutch of impressive earnings from some of the Europe?s biggest companies helps improve sentiment, as the region?s traders turn away from worrying US data and concentrate on robust corporate newsflow
BBC Business News
- Fugitive tycoon Nadir seeks bail
Thu, 29 Jul 2010 16:24:02 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.
- Oil firms' profits almost double
Thu, 29 Jul 2010 15:56:19 +0000
Oil giants Royal Dutch Shell and Exxon Mobil see profits almost double in the week rival BP suffered record losses.
- FSA tightens bankers' pay rules
Thu, 29 Jul 2010 15:35:13 +0000
The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms.
- Sony back in profit as TV sales soar
Thu, 29 Jul 2010 15:10:53 +0000
Japanese electronics giant Sony is back in profit, after large losses in 2009/10.
- Gambling firms reveal merger plan
Thu, 29 Jul 2010 15:10:10 +0000
The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.
Citywire News
- Shell profits nearly double
Thu, 29 Jul 2010 16:15:00 +0100
(Update) Anglo-Dutch oil giant Royal Dutch Shell said its profits had soared 94% in the second quarter thanks to oil price rises, production increases and cost-cutting.
- Retirement debate: Is the government right to allow us to work beyond 65?
Thu, 29 Jul 2010 15:45:44 +0100
The government?s decision to press on with plans to abolish the default retirement age has divided opinion. What do you think about employees being allowed to work beyond 65?
- Fed up with bank rip-offs? It pays off to shop around
Thu, 29 Jul 2010 15:38:00 +0100
Until consumers wake up and take an interest in their finances, the rip-off will continue. Lorna Bourke looks at the best places to put your money now.
- Leading fund manager slashes US exposure in half
Thu, 29 Jul 2010 11:56:14 +0100
Jupiter Financial Opportunities manager Philip Gibbs has halved his Financial Opportunities fund's exposure to North America from 26% to 13% within the last month.
- Morning Line: The governor is not a threat to growth, just realistic
Thu, 29 Jul 2010 11:55:00 +0100
Bank of England Mervyn King always seems to be talking down the economy but that doesn't mean we can dismiss what he has to say.
