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
- Sunday Papers: Number of permanent jobs available falls for first time in 5 years -- other news
Sun, 06 Jul 2008 10:30:00 GMT
A further 1,300 construction jobs to go this week and American and Iraqi forces are driving Al-Qaeda out of northern Iraq.
- Sunday Papers: Barratt to write down land value -- bid news and gossip
Sun, 06 Jul 2008 10:20:00 GMT
Merrill seeks $6 billion for selling stake back to Bloomberg, MS suspends share buy-back and BSkyB writes off £600 million on ITV stake.
- Sunday Papers: tips and comment
Sun, 06 Jul 2008 10:10:00 GMT
Comment on MS, BSkyB and BB and tips for Capita, Prostrakan, Imperial Energy, Prudential and Hunting.
- The three reasons for the UK's pensions crisis
Sun, 06 Jul 2008 00:01:00 GMT
For one, we have no money put aside for public sector pensions; if we did, every household in the UK would have to stump up about £43,000.
- Pound’s falling exchange rate hits holiday homes
Sun, 06 Jul 2008 00:01:00 GMT
Borrowers who raised a loan in a foreign currency are facing the double whammy of falling house prices and increasing debt.
London Stock Exchange News
- Brits 15% worse off than five years ago
Fri, 04 Jul 2008 12:29:46 +0100
Soaring living costs have left Britons 15 per cent worse off than they were in 2003, new research has shown.
- BHP strikes deal with Baosteel
Fri, 04 Jul 2008 12:27:29 +0100
Mining giant BHP Billiton has agreed to iron ore price hikes with Chinese steelmaker Baosteel.
- Indian stocks down on record high oil prices
Thu, 03 Jul 2008 12:16:07 +0100
Indian stocks retreated in early trade, with surging oil prices fuelling fears of fuel price rises and government-imposed interest rate increases.
- UK facing 'toughest challenge since 1990s'
Thu, 03 Jul 2008 12:14:36 +0100
Conditions in the UK economy mean that the nation is facing the toughest challenge since the early 1990s or even earlier, the newly appointed deputy governor of the Bank of England has warned.
- ECB poised to hike interest rate
Thu, 03 Jul 2008 11:37:19 +0100
Interest rates across the eurozone are expected to be raised today in the wake of alarming inflation data.
BBC Business News
- MS 'set to face investor revolt'
Sun, 06 Jul 2008 18:17:16 GMT
MS shareholders are likely to rebel at the its AGM over its chief's new dual role, a report says.
- Tories propose fuel duty changes
Sun, 06 Jul 2008 15:37:49 GMT
Changes to the way fuel duty is calculated are being proposed by the Conservatives.
- BB 'faces fee for failed deal'
Sun, 06 Jul 2008 15:20:11 GMT
Bradford Bingley looks set to pay a "success fee" to advisers behind a failed rescue deal, reports say.
- Back in Pakistan
Sun, 06 Jul 2008 15:16:59 GMT
Returning home to build new lives and a new nation.
- UAE waives billions of Iraqi debt
Sun, 06 Jul 2008 14:34:47 GMT
The UAE says it is cancelling the entire debt owed to it by Iraq, a sum of almost $7bn (3.5bn) including interest.
BBC News
- Top UN official killed in Somalia
Sun, 06 Jul 2008 18:59:11 GMT
Gunmen in Mogadishu have killed the head of the UN Development Programme in Somalia, UN officials say.
- Scarlett mother meeting minister
Sun, 06 Jul 2008 18:14:14 GMT
Scarlett Keeling's mother is meeting a Foreign Office minister to ask for help to recover her daughter's missing organs.
- Jesus 'would feel Anglican pain'
Sun, 06 Jul 2008 18:07:42 GMT
The Archbishop of Canterbury says Jesus would feel the pain on both sides of the current divide in the Church of England.
- Suicide bomb hits Pakistan police
Sun, 06 Jul 2008 17:58:10 GMT
At least eight policemen are killed by a suicide bomb in Pakistan's capital, a year on from the bloody ending of a mosque siege.
- Afghan strike 'hit wedding party'
Sun, 06 Jul 2008 17:14:01 GMT
At least 20 people, said by locals to be a wedding party, die in a missile strike by coalition forces in eastern Afghanistan.
Mortgage News
- OFT highlights consumer importance
Fri, 4 Jul 2008 13:08:27 GMT
The chairman of the Office of Fair Trading has highlighted the need for the financial services industry to work together to ensure that consumers can drive market development.
- Brokers warned over distribution panels
Fri, 4 Jul 2008 09:37:19 GMT
Mortgage Next is warning brokers not to take distributor’s lender panels for granted as more lenders cut back on distribution partners.
- TMA launches semi-exclusive with AfI
Fri, 4 Jul 2008 09:37:06 GMT
The Mortgage Alliance has launched a three-year semi-exclusive fixed rate product funded by Abbey for Intermediaries.
- CII launches TCF podcasts
Fri, 4 Jul 2008 09:06:02 GMT
The Chartered Insurance Institute has launched a series of podcasts to help insurers, brokers, and financial advisers get to grips with the Treating Customers Fairly regime.
- Nationwide launches first ever broker BDMs
Thur, 3 Jul 2008 15:07:06 GMT
Nationwide is rolling out its first ever broker-facing BDMs as part of its revamped focus on brokers.
