News and comment
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Citywire News
- Pru shareholders force Thiam to reject SocGen job offer
Thu, 18 Mar 2010 17:59:42 GMT
Chief executive of insurer says no to offer from SocGen following pressure from shareholders.
- Broker Roundup Update: ING negative on LG
Thu, 18 Mar 2010 16:09:00 GMT
Morgan Stanley initiates coverage of Lancashire Holdings with an overweight and 588p target.
- Skipton may face legal action over mortgage rate hike
Thu, 18 Mar 2010 11:58:48 GMT
Skipton Building Society may have breached consumer contract regulations by hiking its standard variable mortgage rate (SVR), a London law firm has claimed.
- Mortgage costs rising for people with small deposits, says BoE
Thu, 18 Mar 2010 11:42:59 GMT
Increased competition means mortgages are getting cheaper but only for people with a 25% deposit or more.
- Government borrowing hits record high for February
Thu, 18 Mar 2010 10:49:51 GMT
Borrowing touched another record high but was lower than most expected - good news for Chancellor Darling ahead of next week's Budget.
FT.com - Financial Markets News
- SP closes lower despite strong results
Thu, 18 Mar 2010 20:54:37 GMT
US stocks closed modestly higher, aided by some strong corporate results and benign inflation figures but resurgent worries about the Greek sovereign debt situation weighed on sentiment
- BG Group surges on takeover talk
Thu, 18 Mar 2010 20:32:36 GMT
Shares in BG surge on a revival of speculation that the oil and gas group could be a takeover target
- Greek worries return to unsettle investors
Thu, 18 Mar 2010 20:16:19 GMT
Concerns about Greek indebtedness return, dragging the euro down and knocking equity markets from their recent highs
- Financials bear the brunt of sell-off
Thu, 18 Mar 2010 20:00:29 GMT
Bank stocks take most points off FTSE Eurofirst 300 amid worries that Greece might have to turn to the International Monetary Fund
- Futures body calls on CFTC to drop curbs
Thu, 18 Mar 2010 19:40:50 GMT
US regulators face opposition to plans to reform trading in commodity markets from trade group representing brokers and exchanges