News and comment
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Citywire News
- Financials fears overdone says FC's Scott
Thu, 28 Aug 2008 13:10:00 GMT
Fears that balance-sheet weakness could tip another major UK financial into collapse are heavily overdone, veteran FC UK Growth Income fund manager Ted Scott has said.
- Thursday Lunchtime Market: Financials help erase earlier losses
Thu, 28 Aug 2008 12:51:00 GMT
Banks and insurers climbed following gains from US peers on optimism that mortgage finance companies Fannie Mae and Freddie Mac were in store for a boost to their earnings.
- Pressure on bank lending threatens UK recession in 2009, economists warn
Thu, 28 Aug 2008 11:47:51 GMT
A decision by banks to rein in lending to UK households and firms could lead to a 'full-blown slump' in 2009, Capital Economics says.
- Morning Line: Another reason to avoid MS
Thu, 28 Aug 2008 10:19:50 GMT
MS's plans to cut redundancy pay by 25% have been met with a chorus of protest. The retailer has responded by suspending the employee who leaked the news.
- Thursday Morning Market Update: Mid-morning rally as bargain hunters move in
Thu, 28 Aug 2008 10:05:00 GMT
Mines, oils and utilities drag the leaders down, but properties, financials and consumer issues recover.
FT.com - Financial Markets News
- Banks lead European financials higher
Thu, 28 Aug 2008 13:35 BST
European stocks reverse early losses on Thursday, as financials rallied led by Credit Agricole on hopes that it has now drawn a line under its losses.
- Sterling close to all-time low against euro
Thu, 28 Aug 2008 12:03 BST
Sterling was close to an all-time low against the single currency in early trade on Thursday, as data showed that UK house prices fell over 10 per cent year on year in August
- Financials help steady FTSE
Thu, 28 Aug 2008 12:00 BST
Financial stocks helped London equities to small overall gains on Thursday, with investors once more betting that the sector looked undervalued
- Oil nears $120 as Gustav heads for Gulf
Thu, 28 Aug 2008 11:58 BST
Crude oil and US natural gas prices continued to find support from concerns that tropical storm Gustav will disrupt oil and gas production in the Gulf of Mexico this weekend
- Hong Kong leads Asian markets lower
Thu, 28 Aug 2008 10:40 BST
Asia-Pacific equity markets were mixed as higher oil prices helped resource company names while disappointing earnings weighed on Hong Kong-listed shares
BBC Business News
- Higher rate savings accounts grow
Thu, 28 Aug 2008 12:26:19 GMT
More savings accounts with interest matching or topping the base rate are available to consumers than in previous years.
- Hurricane fears raise oil prices
Thu, 28 Aug 2008 11:46:39 GMT
The cost of crude rises for a fourth straight day on fears that Tropical Storm Gustav may disrupt oil production.
- Henderson to leave UK tax regime
Thu, 28 Aug 2008 11:24:01 GMT
UK investment fund Henderson Group says it is setting up a new Irish parent firm to cut its tax bill.
- Hovis maker sees debt level rise
Thu, 28 Aug 2008 11:13:39 GMT
Hovis-maker Premier Foods has seen its profits fall and debt level rise in the first half of the year, on higher raw material prices.
- China's CNPC seals $3bn Iraq deal
Thu, 28 Aug 2008 11:02:02 GMT
China's state-oil firm CNPC has agreed a $3bn (1.63bn) oil services contract for Iraq.
Citywire Investment News
- Financials fears overdone says FC's Scott
Thu, 28 Aug 2008 13:10:00 GMT
Fears that balance-sheet weakness could tip another major UK financial into collapse are heavily overdone, veteran FC UK Growth Income fund manager Ted Scott has said.
- Thursday Lunchtime Market: Financials help erase earlier losses
Thu, 28 Aug 2008 12:51:00 GMT
Banks and insurers climbed following gains from US peers on optimism that mortgage finance companies Fannie Mae and Freddie Mac were in store for a boost to their earnings.
- Newton soft closes A-rated Stanic's Global Opps fund
Thu, 28 Aug 2008 12:31:43 GMT
Newton Investment Management has soft closed Citywire A-rated Alex Stanic's onshore and offshore Global Opportunities funds.
- Thursday Morning Market Update: Mid-morning rally as bargain hunters move in
Thu, 28 Aug 2008 10:05:00 GMT
Mines, oils and utilities drag the leaders down, but properties, financials and consumer issues recover.
- Morning Eyecatchers: Broker Roundup: Collins Stewart negative on BB
Thu, 28 Aug 2008 09:45:43 GMT
Goldman upgrades BT but cautious on water utilities and Investec upgrades Misys.
London Stock Exchange News
- Homeowners prioritising mortgage payments
Wed, 27 Aug 2008 04:30:22 +0100
A minority of homeowners are poised to shrug off mounting pressure on their household finances to make overpayments on their mortgages, a study has suggested.
- Buy to let lending slowed in first half
Wed, 27 Aug 2008 04:26:24 +0100
Lenders approved fewer loans for buy to let landlords during the first half of this year, it has been revealed.
- Britons overpaying for broadband by 70%
Wed, 27 Aug 2008 04:26:20 +0100
British households are drastically overpaying for their broadband service, it has been claimed.
- Life insurance shunned on grounds of cost
Wed, 27 Aug 2008 04:22:53 +0100
Millions of Britons are opting to do without life insurance because they mistakenly believe the cover is more expensive than it is, a new study has suggested.
- Insurance warning for house parties
Wed, 27 Aug 2008 04:21:36 +0100
Home insurance companies are paying out millions of pounds annually to cover the cost of damage caused at parties for teenagers and young children, it has been revealed.
Citywire Money, Tax and Property
- Pressure on bank lending threatens UK recession in 2009, economists warn
Thu, 28 Aug 2008 11:47:51 GMT
A decision by banks to rein in lending to UK households and firms could lead to a 'full-blown slump' in 2009, Capital Economics says.
- Morning Line: Another reason to avoid MS
Thu, 28 Aug 2008 10:19:50 GMT
MS's plans to cut redundancy pay by 25% have been met with a chorus of protest. The retailer has responded by suspending the employee who leaked the news.
- UK at greater risk of recession than Eurozone
Thu, 28 Aug 2008 09:30:00 GMT
Spain, Ireland and UK to bear the brunt of the European slowdown SP report says.
- House prices fall 10.5% in a year, Nationwide says
Thu, 28 Aug 2008 08:31:00 GMT
House prices have fallen 10.5% in the last 12 months, the first double-digit decline since late 1990 after a 1.9% fall in August, reports the Nationwide building society.
- Evicting a tenant
Thu, 28 Aug 2008 00:01:00 GMT
With the economy deteriorating, tenants are more likely to fall into rent arrears, which can mount quickly. How should landlords deal with this ? and the lengthy processes of eviction and repossession of property?