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
- Standard plans £100m savings drive but cannot confirm jobs are safe
Wed, 10 Mar 2010 11:58:13 GMT
(Updated) David Nish, chief executive of Standard Life, said greater use of technology would cut costs but could not confirm there would be no job losses.
- Standard Life Investments hits record assets after 67% jump in third party inflows
Wed, 10 Mar 2010 11:31:09 GMT
Standard Life Investments continued to show strong growth across a range of international markets, posting a 67% increase in third party net inflows in 2009. ,
- Weak manufacturing data throws doubt on pace of the recovery
Wed, 10 Mar 2010 11:26:40 GMT
A shock fall in manufacturing data put yet more pressure on the pound.
- FC posts £8.7m profit as outflows fall to 2004 levels
Wed, 10 Mar 2010 11:11:20 GMT
The asset manager registers a healthy profit as institutional outflows fall to their lowest level since 2004.
Citywire Money, Tax and Property
- The economy is not yet out of danger, Gordon Brown warns
Wed, 10 Mar 2010 11:49:21 GMT
You can trust me, prime minister says, as he unveils a pay freeze for doctors, dentists, and hospital consultants.
- Consumer groups attack delay to reform of PPI market
Wed, 10 Mar 2010 10:36:31 GMT
Consumer bodies urge Financial Services Authority to push ahead with reform of PPI after it announces a further six week consultation period.
- Euro equities face long debt struggle in wake of Greek crisis
Wed, 10 Mar 2010 10:01:00 GMT
Economists warn that austerity measures in the PIIGS will result in a protracted period of low growth.
- Fraudster convicted over £34m ponzi scheme
Wed, 10 Mar 2010 09:31:34 GMT
Investment roadshow fraudster Kevin Foster has been convicted of stealing investors' funds after masterminding a £34 million ponzi scheme that ran for nearly a decade.
BBC Business News
- BA strike action talks under way
Wed, 10 Mar 2010 12:25:45 GMT
Talks aimed at averting strike action by BA cabin crew have resumed at the TUC, after a deadline was extended.
- Cardiff given time over tax bill
Wed, 10 Mar 2010 11:57:52 GMT
Cardiff City are given eight more weeks by the High Court to settle an outstanding tax bill.
- Economic storm not over, says PM
Wed, 10 Mar 2010 11:54:54 GMT
Gordon Brown warns of economic storms ahead but vows not to "let you down" as the date of the Budget is announced.
- EMI name ex-ITV chief as chairman
Wed, 10 Mar 2010 11:53:35 GMT
Troubled record company EMI - whose artists include Coldplay - has named former ITV boss Charles Allen as its new chairman.
BBC News
- BA strike action talks under way
Wed, 10 Mar 2010 12:25:45 GMT
Talks aimed at averting strike action by BA cabin crew have resumed at the TUC, after a deadline was extended.
- Berezovsky wins poison libel case
Wed, 10 Mar 2010 12:14:12 GMT
Oligarch Boris Berezovsky wins his libel case over claims he was behind the murder of Alexander Litvinenko.
- Iran attacks US over Afghanistan
Wed, 10 Mar 2010 12:08:38 GMT
Iranian President Mahmoud Ahmadinejad says it is the US, not Tehran, that is playing a "double game" in Afghanistan.
- More schools fail Ofsted checks
Wed, 10 Mar 2010 12:05:40 GMT
More schools in England are being judged as inadequate in Ofsted's new-style inspections, according to figures just released.
