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
- Investment Line: Has the recession permanently damaged UK GDP?
Fri, 03 Sep 2010 14:00:34 +0100
Measuring whether the UK's ouput gap is closing or lost forever after the downturn is playing a key role in determining monetary policy.
- Global markets soar as US jobs data brings more cheer
Fri, 03 Sep 2010 13:58:10 +0100
Today's US jobs data came in much better than expected dampening fears the world's largest economy is heading back towards recession.
- Wealth managers recover second quarter losses
Fri, 03 Sep 2010 13:20:46 +0100
Research from Asset Risk Consultants (Arc) shows wealth managers managed to recover some of the losses from dreadful in May and June.
- The financial crisis isn?t the problem ? it's expensive old people
Fri, 03 Sep 2010 12:18:23 +0100
We risk ignoring 'the fiscal challenge of the 21st century'.
- Capita employee in fatal fall at AXA office
Fri, 03 Sep 2010 11:43:06 +0100
A Capita employee has died after falling three floors inside one of AXA?s offices in Bristol.
Citywire Money, Tax and Property
- Mortgages: cut out the middle man for the best rates
Sat, 04 Sep 2010 00:01:00 +0100
Increasingly, high street banks are not only by-passing brokers ? the only place a potential homebuyer can get truly impartial advice on a home loan ? but they are restricting their best offers to existing customers.
- FSA fines and censures mortgage brokers over fraud
Tue, 31 Aug 2010 13:37:07 +0100
The Financial Services Authority has banned one mortgage broker and fined another for failing to prevent false mortgage applications being made to lenders.
- Morning Line: Why should first time buyers suffer?
Tue, 31 Aug 2010 11:20:38 +0100
If the Bank of England is serious about capping mortgage loan-to-value ratios as a means of preventing another credit crisis then it risks excluding more young people from home ownership. Is this what the coalition really wants?
- Mortgages: don't write off a fixed rate
Sat, 28 Aug 2010 00:01:00 +0100
Most people are opting for a tracker mortgage, but it is not the right option for everyone. Lorna Bourke considers the options for borrowers.
- Homeowners must protect themselves against unemployment
Sat, 28 Aug 2010 00:01:00 +0100
How would you pay off your mortgage if you lost your job? Lorna Bourke looks at the help available.
FT.com - Financial Markets News
- Swiss franc benefits from haven status as doubts spread
Fri, 03 Sep 2010 22:07:29 GMT
Swiss franc hits record high against the euro and nears parity against the dollar as worries over the global economic recovery drive haven demand
- Bold financial seers look to models rather than the herd
Fri, 03 Sep 2010 21:59:46 GMT
Stocks have lost nearly half of their value twice in the past decade yet a suggestion the same is about to happen again draws scorn on Wall Street
- Investors? turn to linkers and gold to hedge uncertainty
Fri, 03 Sep 2010 21:23:56 GMT
In 2002, Ben Bernanke deemed deflation such a threat that he referred to Milton Friedman?s notion of handing out cash to stop falling prices
- Volatility and poor returns killing equities cult
Fri, 03 Sep 2010 21:17:52 GMT
More market professionals are asking if the brutal de-rating suffered by equities during the past decade means the cult of equity is dying
- Wall Street takes cheer from employment data
Fri, 03 Sep 2010 20:38:56 GMT
US stocks rose, extending this week?s rally, after a better-than-expected August jobs report eased fears about a slowdown in the pace of the economic recovery
Citywire News
- Saturday Papers: tips and comment
Sat, 04 Sep 2010 00:01:00 +0100
Best police against frauds are employees - 40% of detections come from tip-offs.
- Saturday Papers: US jobs data allay double dip concerns - other news
Sat, 04 Sep 2010 00:01:00 +0100
The private sector had created 235,000 jobs in the past three months.
- Saturday Papers: Beijing eyes counterbid for PotashCorp - bid news and gossip
Sat, 04 Sep 2010 00:01:00 +0100
The Chinese government has backed Sinochem to trump BHP Billiton?s $39bn hostile offer.
- Mortgages: cut out the middle man for the best rates
Sat, 04 Sep 2010 00:01:00 +0100
Increasingly, high street banks are not only by-passing brokers ? the only place a potential homebuyer can get truly impartial advice on a home loan ? but they are restricting their best offers to existing customers.
- Halifax denies 81 year old woman access to her account for three months
Sat, 04 Sep 2010 00:01:00 +0100
After removing the wrong name from an elderly couple's account, Halifax said it could not correct the error because 'the department handling the matter was closing'.
BBC Business News
- Wrong tax bill for millions in UK
Sat, 04 Sep 2010 17:44:34 GMT
Almost six million people in the UK have paid the wrong amount of income tax in the past year, with some facing a bill of up to £1,400 - although others can expect a rebate.
- Six million facing new tax bills
Sat, 04 Sep 2010 17:40:43 GMT
HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418.
- Cairo literary business booming
Sat, 04 Sep 2010 16:50:18 GMT
Egypt's literary scene is thriving, with a new generation of writers and poets taking advantage of an increasing number of small publishers and social networking sites to get their work noticed.
- Industry fears over cheaper coins
Sat, 04 Sep 2010 16:12:04 GMT
Vending machine companies warn cheaper "steel" 5p and 10p coins being considered by the Treasury could cost the industry millions of pounds.
- Banks leave customers in 'poverty'
Sat, 04 Sep 2010 09:29:15 GMT
High Street banks have been accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.
BBC News
- Two killed as aeroplanes collide
Sat, 04 Sep 2010 20:02:02 GMT
Two people are killed when their plane crashes to the ground after a collision with another aircraft on the Isle of Wight.
- Protests over French Roma policy
Sat, 04 Sep 2010 19:50:56 GMT
Thousands attend rallies in Paris and other French cities to protest at the government's policy of deporting Roma people.
- Argentina reopens Franco probe
Sat, 04 Sep 2010 19:06:47 GMT
An Argentine court reopens an investigation into alleged crimes against humanity under General Franco in Spain.
- Name released after city death
Sat, 04 Sep 2010 17:52:14 GMT
Police release the name of a man who was found dead at his apartment in Armagh city on Friday.
- More cuts in councillors proposed
Sat, 04 Sep 2010 17:45:13 GMT
More plans to reduce the number of councillors in Wales are put forward to create what ministers say would be greater fairness for voters.
