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
- Ansbacher to sell wealth management divisions
Tue, 06 Jan 2009 18:39:52 GMT
Citywire undertands that Ansbacher Group has put its London and Channel Islands based wealth management operations up for sale.
- Closing Market: FTSE higher again as retailers push ahead
Tue, 06 Jan 2009 17:18:21 GMT
Retailers post sharp gains, pushing the FTSE nearly 60 points higher.
- Jupiter's Gibbs remains cautious but eyes insurance sector
Tue, 06 Jan 2009 16:15:54 GMT
Jupiter's financials veteran Philip Gibbs is eyeing selective opportunities in the insurance sector despite his continuing bearish stance on the outlook for global financials.
- BA traffic down again but company confident of hitting estimates
Tue, 06 Jan 2009 16:10:26 GMT
Premium traffic worst affected as rival Ryanair grows passenger numbers.
Mortgage News
- Savills Lending Solutions teams up with Tiuta
Tue, 6 Jan 2009 17:05:30 GMT
- Yorkshire Bank offers fees-free remortgage deal
Tue, 6 Jan 2009 15:49:01 GMT
Yorkshire Bank has launched a fees-free remortgage deal meaning savings for borrowers of up to £999.
- SHIP members predict boom in drawdown business
Tue, 6 Jan 2009 11:41:39 GMT
Many equity release providers are predicting that drawdown business will account for 70% of the equity release market by 2010, research from Safe Home Income Plans shows.
- Bluefin brand launches with backing from AXA
Tue, 6 Jan 2009 11:09:21 GMT
A group of financial services firms have come together with backing from AXA to launch under a single brand called Bluefin.
BBC Business News
- Final Woolworths stores shut down
Tue, 06 Jan 2009 20:12:47 GMT
The remaining 200 Woolworths stores across the UK close their doors after the High Street chain's final day of trading.
- European gas supplies disrupted
Tue, 06 Jan 2009 18:16:59 GMT
Several EU countries report major disruption to their gas supplies from Russia as Moscow accuses Ukraine of shutting pipelines.
- German billionaire kills himself
Tue, 06 Jan 2009 18:14:02 GMT
German billionaire Adolf Merckle commits suicide after his business empire runs into trouble in the global economic slowdown.
- Marks and Spencer cuts 1,000 jobs
Tue, 06 Jan 2009 13:37:54 GMT
Marks and Spencer will announce on Wednesday that it is cutting 1,000 jobs from its workforce of 70,000, the BBC confirms.
BBC News
- Millions to get weather pay-outs
Tue, 06 Jan 2009 20:47:32 GMT
The cold snap has triggered pay-outs to millions of eligible people, including Londoners for the first time in a decade.
- Final Woolworths stores shut down
Tue, 06 Jan 2009 20:12:47 GMT
The remaining 200 Woolworths stores across the UK close their doors after the High Street chain's final day of trading.
- Israeli strike 'kills 30' at Gaza school
Tue, 06 Jan 2009 20:02:58 GMT
At least 30 people are killed and 55 injured as Israeli artillery shells land by a United Nations-run school in Gaza, UN officials say.
- Brown voices Gaza ceasefire hopes
Tue, 06 Jan 2009 19:34:45 GMT
UK PM Gordon Brown says he is hopeful a basis for a ceasefire in Gaza will be found.
