News and comment
The news stories on this page have been written and produced by a third party and neither nor its representatives can be held responsible for the accuracy of the content/information contained within these stories.
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
- Barclays Wealth backs UK financials to outperform over medium term
Sat, 05 Jul 2008 00:01:00 GMT
Barclays Wealth has backed UK financials to outperform over the medium term, alongside materials and telecoms, despite a downgrading of the house view on growth.
- Friday Closing Market: BB's restructured rights issue casts pall over FTSE
Fri, 04 Jul 2008 17:24:14 GMT
The FTSE closed down sharply on Friday, down 1.16% or 63.80 points despite a modest rally among some retailers and selective miners.
- High turnover in funds ‘hampers performance’
Fri, 04 Jul 2008 15:08:16 GMT
High stock turnover in actively-managed funds is hitting performance and weighting the investment debate in favour of passive funds, according to Kilmarnock-based adviser Alan Dick.
- Moody's: refinancing won't stop Bradford Bingley deterioration
Fri, 04 Jul 2008 13:20:51 GMT
Moody's downgrade of Bradford Bingley debt rating is based on the belief that the 'critical' injection of £400 million of capital will not prevent further deterioration in the buy-to-let lender's financial flexibility. Involvement of the Bank of England can't be ruled out, it says.
Mortgage News
- OFT highlights consumer importance
Fri, 4 Jul 2008 13:08:27 GMT
The chairman of the Office of Fair Trading has highlighted the need for the financial services industry to work together to ensure that consumers can drive market development.
- Brokers warned over distribution panels
Fri, 4 Jul 2008 09:37:19 GMT
Mortgage Next is warning brokers not to take distributor’s lender panels for granted as more lenders cut back on distribution partners.
- TMA launches semi-exclusive with AfI
Fri, 4 Jul 2008 09:37:06 GMT
The Mortgage Alliance has launched a three-year semi-exclusive fixed rate product funded by Abbey for Intermediaries.
- CII launches TCF podcasts
Fri, 4 Jul 2008 09:06:02 GMT
The Chartered Insurance Institute has launched a series of podcasts to help insurers, brokers, and financial advisers get to grips with the Treating Customers Fairly regime.
BBC Business News
- UK investors rescue BB cash call
Fri, 04 Jul 2008 20:49:08 GMT
Bradford Bingley confirms that its plan to raise 400m has been rescued by a group of UK investors.
- Iran optimism steadies oil price
Fri, 04 Jul 2008 20:45:47 GMT
The price of oil falls slightly on hopes Iran will react well to plans to resolve a dispute over its nuclear development.
- UK spending power 'in heavy fall'
Fri, 04 Jul 2008 19:12:42 GMT
The average UK household is 15% worse off than it was five years ago, an Ernst Young report suggests.
- EU probe into BHP targeting Rio
Fri, 04 Jul 2008 18:05:01 GMT
The EU opens an in-depth probe into BHP Billiton's $170bn unsolicited bid for rival miner Rio Tinto.
BBC News
- Gender 'impacts on transplants'
Fri, 04 Jul 2008 23:31:15 GMT
Women who get a replacement kidney from a male donor are more likely to reject the new organ, scientists suggest.
- One of our own
Fri, 04 Jul 2008 22:43:47 GMT
The home of a murdered French student mourns
- Video shows daring Colombian raid
Fri, 04 Jul 2008 22:34:51 GMT
Colombia releases video of the daring raid in which hostage Ingrid Betancourt was freed, as she returns to France.
- Deputy mayor resigns from office
Fri, 04 Jul 2008 21:25:06 GMT
London's deputy mayor Ray Lewis resigns amid allegations of financial irregularities during his time as a priest.
