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 News
- Thursday Morning Market: FTSE back under 4,000 as global markets retreat
Thu, 20 Nov 2008 09:09:47 GMT
The FTSE fell another 2% in opening deals as US and Asian markets closed 5-7% lower.
- Halfords upbeat despite dip in sales as profits and divi rise
Thu, 20 Nov 2008 09:00:28 GMT
Bike and car accessory retailer delivers despite slowdown, with management optimistic for second half.
- Target Income 2009: Credit crunch leader backs BP and Shell
Thu, 20 Nov 2008 08:46:00 GMT
The credit crunch's top performing equity income fund manager, Francis Brooke of Troy Asset Management, lists BP and Shell among the companies which can help him maintain his yield target.
- Equity markets still at risk of further shocks, LG warns
Thu, 20 Nov 2008 08:43:20 GMT
Recent central bank moves to shore up markets should provide some support, LG says, but serious risks still remain.
- Morning Eyecatchers: Broker Roundup: UBS on asset managers
Thu, 20 Nov 2008 08:39:47 GMT
RBS has a buy for Premier Foods, but cuts target price.
BBC Business News
- Downturn hits newspaper profits
Thu, 20 Nov 2008 09:43:50 GMT
The publisher of the Daily Mail reporta a 9% fall in full-year profit, while competitors announce a pay freeze and job cuts.
- October UK retail sales fall 0.1%
Thu, 20 Nov 2008 09:37:40 GMT
Sales on the UK's high streets fell by 0.1% in October down for a second month in a row, Office for National Statistics' data showed.
- Peugeot Citroen cuts 2,700 jobs
Thu, 20 Nov 2008 09:28:54 GMT
French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.
- Recession fears hit stock markets
Thu, 20 Nov 2008 09:16:12 GMT
European and Asian markets fall sharply amid growing concerns that the world economy will enter a protracted slump.
- Robert Peston
Thu, 20 Nov 2008 09:15:49 GMT
HBOS: Burt and Mathewson to withdraw
London Stock Exchange News
- PPF announces levy review
Wed, 19 Nov 2008 12:53:32 +0000
The Pension Protection Fund (PPF) has announced new proposals to change the current pension protection levy.
- Scottish landlords 'failed by lack of EPC awareness'
Wed, 19 Nov 2008 11:07:40 +0000
Property landlords in Scotland are unaware of new regulations over Energy Performance Certificates (EPCs), one industry organisation has said.
- Parents 'funding mortgages'
Wed, 19 Nov 2008 11:00:24 +0000
Parents are providing financial assistance for adult children up to the age of 25, according to new research.
- Uninsured drivers 'lose ?120 million'
Wed, 19 Nov 2008 06:16:30 +0000
Drivers who have taken to the road without breakdown cover have lost a collective £120 million, according to new figures from the AA.
- EU to reveal hedge fund proposals
Wed, 19 Nov 2008 05:41:43 +0000
The European Union (EU) will reveal proposed legislation for the hedge fund and private equity sectors next month.
Mortgage News
- Pink shuffles executive team
Wed, 19 Nov 2008 15:44:40 GMT
Pink Home Loans has shuffled its excutive team following the resignation of Barry Meeks, formerly chief executive of the Pink Home Loans Group.
- Lloyds shareholders vote yes to takeover
Wed, 19 Nov 2008 15:12:45 GMT
Shareholders in Lloyds TSB voted overwhelmingly in favour of acquiring HBOS.
- Complete appointed sole packager to Debt Advice
Wed, 19 Nov 2008 12:46:24 GMT
Debt Advice Network has appointed Complete Mortgage and Loan Services its sole packager.
- TCF sees 70% rise in requests for debt help
Wed, 19 Nov 2008 12:37:02 GMT
TCF Debt Solutions has seen monthly enquiries rise by 70% since June as the credit crunch has set in and the housing market continues to stagnate.
- Standard & Poor's warns buy-to-let loans will suffer
Wed, 19 Nov 2008 11:57:06 GMT
Standard & Poor's is warning that buy-to-let mortgages will react poorly to the current downturn - worse than the overall market.
BBC News
- Clampdown on excessive speeders
Thu, 20 Nov 2008 09:42:53 GMT
A raft of measures is suggested to target anti-social drivers, including those who speed excessively or use drugs.
- Hebrew papaers told of Arab plan
Thu, 20 Nov 2008 09:42:04 GMT
The Palestinian Authority has placed a full-page advert in Israel's Hebrew newspapers to promote an Arab peace plan.
- October UK retail sales fall 0.1%
Thu, 20 Nov 2008 09:37:40 GMT
Sales on the UK's high streets fell by 0.1% in October down for a second month in a row, Office for National Statistics' data showed.
- Peugeot Citroen cuts 2,700 jobs
Thu, 20 Nov 2008 09:28:54 GMT
French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.
- Somali tanker pirates 'want $25m'
Thu, 20 Nov 2008 09:19:34 GMT
Somali pirates who hijacked a Saudi oil tanker are reported to have demanded a $25m ransom.
