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
- Newcits: hedge funds just don?t get it
Fri, 30 Jul 2010 10:39:14 +0100
Newcits have been hailed as a revolution in the funds business, but we are still in the early stages and the more dramatic transformation is yet to come
- Invista rides UK property rise but casts wary eye on Europe
Fri, 30 Jul 2010 10:24:44 +0100
Momentum in the UK commercial property market helps trigger a £77 million rise in assets at Invsita but it fears the economic problems on the continent will impact performance.
- Markets lose ground ahead of US GDP announcement
Fri, 30 Jul 2010 09:17:22 +0100
Investors are steeling themselves for disappointment from this afternoon's release of US economic growth figures for the second quarter.
- Anglo American brings back dividend
Fri, 30 Jul 2010 09:09:21 +0100
Income-seekers will be relieved to see that one of the world's largest mining companies Anglo-American is reinstating its dividend.
Citywire Money, Tax and Property
- House prices: Nationwide reports first drop since February
Thu, 29 Jul 2010 08:24:53 +0100
Nationwide has reported a 0.5% drop in the price of an average UK property, adding to evidence that prices are heading lower.
- House prices rise slightly in June
Wed, 28 Jul 2010 13:07:44 +0100
Land Registry reports 0.1% rise in June following May?s slight fall. Figures come in contrast to other indices which are showing falling prices.
- Morning Line: interest rate rise or not, savers are unlikely to benefit
Mon, 26 Jul 2010 11:51:04 +0100
Seldom have economists been so divided over when interest rates will rise. But whatever happens, it is unlikely that savers will benefit.
- 'Home staging' is all the rage - but there are better ways to sell up
Sun, 25 Jul 2010 00:01:00 +0100
A booming industry in the US aims to help people sell their homes, but here, as a second property price bust looms, it's hard cash that will ultimately speak loudest.
BBC Business News
- Strikes and ash extend BA losses
Fri, 30 Jul 2010 09:11:26 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
- Disney sells Miramax film studios
Fri, 30 Jul 2010 09:06:28 +0000
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
- US to publish GDP estimates
Fri, 30 Jul 2010 08:32:33 +0000
The US government will publish GDP estimates for the three months to June later
- Proposal to scrap benefit system
Fri, 30 Jul 2010 08:31:53 +0000
Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.
BBC News
- Public to veto council tax rises
Fri, 30 Jul 2010 09:37:12 +0000
The public will be able to veto their council tax bills in England if charges are above an agreed limit, ministers will announce.
- Four fined over SA 'racist video'
Fri, 30 Jul 2010 09:30:03 +0000
Four white South Africans are fined $2,700 (£1,700) each after making a video humiliating black university workers.
- Live - England v Pakistan
Fri, 30 Jul 2010 09:27:24 +0000
England will resume on 331-4 on day two of the first Test against Pakistan at Trent Bridge.
- Iraq intelligence 'insubstantial'
Fri, 30 Jul 2010 09:23:18 +0000
The intelligence on Iraq's weapons threat was not "very substantial", former deputy prime minister Lord Prescott says.