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
- Time to move money out of defensives?
Tue, 06 Jan 2009 00:01:00 GMT
With many expecting some kind of stock market rally in the spring, is it time to switch some money out of defensives?
- FSA extends short selling disclosure to June 2009
Mon, 05 Jan 2009 17:28:39 GMT
The Financial Services Authority has extended its disclosure regime for significant net short positions in UK financial stocks to reduce the potential for abusive behaviour in the markets.
- Closing Market: flat on US profit-taking and falling banks
Mon, 05 Jan 2009 16:54:40 GMT
Falling Euro offers support but buying dries up as outlook remains uncertain.
- Private investors shun UK stockmarket
Mon, 05 Jan 2009 13:50:00 GMT
Private investors owned the smallest percentage of the UK equity market in history at the end of 2008, according to research from Capita Registrars.
- Midday Market: UK blue chips up but off highs
Mon, 05 Jan 2009 12:31:18 GMT
Financials weigh on the index, but rising commodity prices keep the FTSE 100 ahead.
Citywire News
- Time to move money out of defensives?
Tue, 06 Jan 2009 00:01:00 GMT
With many expecting some kind of stock market rally in the spring, is it time to switch some money out of defensives?
- Must do for January: Take a long hard look at retirement
Tue, 06 Jan 2009 00:01:00 GMT
Retirement ? it?s in front of you ? oh yes it is! Don?t let yours be a ?riches to rags? story, says Joss Harwood of Eldon Financial Planning.
- FSA extends short selling disclosure to June 2009
Mon, 05 Jan 2009 17:28:39 GMT
The Financial Services Authority has extended its disclosure regime for significant net short positions in UK financial stocks to reduce the potential for abusive behaviour in the markets.
- Closing Market: flat on US profit-taking and falling banks
Mon, 05 Jan 2009 16:54:40 GMT
Falling Euro offers support but buying dries up as outlook remains uncertain.
- Tories pledge to cut taxes for lower paid savers
Mon, 05 Jan 2009 14:58:57 GMT
David Cameron promises to abolish income tax on savings for basic rate taxpayers and increase the tax allowance for pensioners by £2,000.
BBC Business News
- Obama says US economy 'very sick'
Tue, 06 Jan 2009 01:32:50 GMT
US President-elect Barack Obama says that America's economy is very sick and that the situation is worsening.
- Final Woolworths stores to close
Tue, 06 Jan 2009 00:13:30 GMT
The final closure of the remaining 200 Woolworths stores is due to take place, the retailer's administrator says.
- Cracking up
Tue, 06 Jan 2009 00:05:12 GMT
How Waterford Wedgwood ran out of steam
- Seaside mission
Tue, 06 Jan 2009 00:02:45 GMT
Grand but faded, Blackpool strives to revive its fortunes
- UK short-selling ban to be lifted
Mon, 05 Jan 2009 23:46:21 GMT
A ban on the short-selling of financial shares is to be lifted, the UK's financial regulator confirms.
London Stock Exchange News
- Brown 'not considering new bank bailout'
Mon, 05 Jan 2009 11:49:24 +0000
The government is working on new ways to increase banks' lending to businesses and individuals but it is not considering a second "bailout" of industry using taxpayers' money, the prime minister has said.
- New year hopes send Nikkei to 2-month high
Mon, 05 Jan 2009 09:34:34 +0000
Japan's Nikkei 225 closed at a two-month high on Monday (January 5th), reflecting investors' hopes that the benchmark index can put 2008's worst-ever annual performance behind it and advance on the back of new economic stimulus plans.
- Concerns over car sales hit US shares
Mon, 05 Jan 2009 05:51:19 +0000
Wall Street kicked off the first full week of trading in 2009 with early losses as investors braced themselves for what are expected to be weak end-of-year sales figures from the automotive industry, according to reports.
- Survey: 91% of DB pension schemes closed to new members
Mon, 05 Jan 2009 05:41:24 +0000
A new survey report published by the Association of Consulting Actuaries (ACA) has revealed that small firms have closed some 91 per cent of defined benefit (DB) pension schemes to new members.
- Neglecting rent insurance protection "a gamble"
Mon, 05 Jan 2009 05:38:42 +0000
Landlords who fail to take out rent insurance protection may be taking "a gamble", according to the managing director of Let Insurance Services.
Mortgage News
- Few lenders pass on rate cut in full
Mon, 5 Jan 2009 17:09:43 GMT
Only 19 lenders have passed on the rate cut in full over the last month, reveals data from Moneyfacts.co.uk.
- Short selling ban to end
Mon, 5 Jan 2009 16:59:14 GMT
The ban on short selling UK shares will be lifted by the Financial Services Authority on January 16.
- Pink calls for more LIBOR linked mortgages
Mon, 5 Jan 2009 14:56:01 GMT
Pink Home Loans is appealing to lenders to offer more LIBOR linked mortgage products.
- AMI welcomes government support for homeowners
Mon, 5 Jan 2009 14:01:40 GMT
The government has implemented changes to the Support for Mortgage Interest Scheme, a move welcomed by the Association of Mortgage Intermediaries.
- Personal insolvencies set to rocket in 2009
Mon, 5 Jan 2009 12:10:09 GMT
KPMG is predicting that a whopping 150,000 people will either enter into an individual voluntary arrangement or declare themselves bankrupt in 2009.
BBC News
- US vows 'huge' marine protection
Tue, 06 Jan 2009 03:10:33 GMT
The US is to establish "the largest area of protected sea in the world", banning fishing and mining, around its Pacific islands.
- Fighting flares outside Gaza City
Tue, 06 Jan 2009 02:57:39 GMT
Militants engage Israeli forces near Gaza City as "friendly fire" kills three soldiers on the third night of the ground offensive.
- Japanese whaler reported missing
Tue, 06 Jan 2009 02:22:30 GMT
Rescuers hold out little hope of finding a Japanese sailor alive after he goes missing from a whaling ship in the Antarctic.
- Baby P official in sacking appeal
Tue, 06 Jan 2009 02:17:44 GMT
The former head of children's services at the council at the centre of the Baby P case appeals against her dismissal.
- Obama says US economy 'very sick'
Tue, 06 Jan 2009 01:32:50 GMT
US President-elect Barack Obama says that America's economy is very sick and that the situation is worsening.
