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
- James Montier: The 'Austerians' will destroy the recovery and usher in deflation
Fri, 30 Jul 2010 13:33:04 +0100
The 'Austerians' could destroy an economic recovery and increase the likelihood of deflation, warns influential investor James Montier.
- Saints hikes divi and expects shareholder payouts to rise
Fri, 30 Jul 2010 13:10:40 +0100
Manager of the Baillie Gifford trust Patrick Edwardson says as the global economic recovery picks up, so too will company profits and their payouts to shareholders.
- Exeter IFA firm strikes outsourcing deal with Brooks Macdonald
Fri, 30 Jul 2010 12:54:27 +0100
RK Shipman has entered into an agreement with Brooks Macdonald for the London based asset manager to run its clients' money.
- Push start from Fidelity helped Ocado get its flotation away
Fri, 30 Jul 2010 11:56:34 +0100
Ocado had to rely on existing shareholders - and fund management group Fidelity in particular - to get its recent stock market flotation away.
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
- Fugitive tycoon Nadir given bail
Fri, 30 Jul 2010 14:06:56 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, is granted bail.
- US economic growth slows to 2.4%
Fri, 30 Jul 2010 13:57:16 +0000
US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.
- Benefits face 'radical' shake-up
Fri, 30 Jul 2010 13:46:32 +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.
- Strikes and ash extend BA losses
Fri, 30 Jul 2010 11:22:45 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
BBC News
- Fugitive tycoon Nadir given bail
Fri, 30 Jul 2010 14:06:56 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, is granted bail.
- Charges follow quad bike deaths
Fri, 30 Jul 2010 14:04:16 +0000
Two men, 21 and 23, will face charges after a raid on a Cardiff shop ended with the deaths of two others on quad bikes.
- Berlusconi plays down party split
Fri, 30 Jul 2010 13:58:58 +0000
Italy's PM Silvio Berlusconi insists that his ruling right-wing coalition will survive despite a split with his party's co-founder Gianfranco Fini.
- US economic growth slows to 2.4%
Fri, 30 Jul 2010 13:57:16 +0000
US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.
