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
- Saturday Papers: JC Flowers looking closely at bombed-out banks -- bid news and gossip
Sat, 05 Jul 2008 10:30:00 GMT
EU opens inquiry into BHP's proposed acquisition of Rio Tinto.
- Saturday Papers: tips and comment
Sat, 05 Jul 2008 10:25:00 GMT
Comment on BB, MS, BG, Pendragon, Spectris and Melrose Resources.
- 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.
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 shops 'misleading customers'
Sat, 05 Jul 2008 04:17:06 GMT
High street shop staff are fobbing off customers and giving misleading advice about rights, Which? says.
- Pensioners 'see higher cost rise'
Sat, 05 Jul 2008 00:40:28 GMT
The cost of living for pensioners has outstripped inflation over the past 10 years, research suggests.
- Companies win 91m ship contracts
Sat, 05 Jul 2008 00:13:22 GMT
Seven UK firms are awarded contracts totalling 91.5m to provide parts for the Navy's new aircraft carriers.
- 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.
BBC News
- Three injured in knife attacks
Sat, 05 Jul 2008 09:14:58 GMT
Three people are injured in two separate stab attacks in the north-east of England.
- Tories under fire after Lewis quits
Sat, 05 Jul 2008 09:14:11 GMT
The Conservatives are in "disarray" after the resignation of London deputy mayor Ray Lewis, Labour says.
- Boy dies in mini-motorbike crash
Sat, 05 Jul 2008 09:01:32 GMT
A 12-year-old boy dies after his mini-motorcycle collided with a car in the Clackmannanshire on Saturday evening.
- Iran nuclear position 'unchanged'
Sat, 05 Jul 2008 08:47:08 GMT
Tehran says the position on its nuclear programme remains unchanged, a day after formally responding to an EU offer.
