News and comment
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Citywire Investment News
- Saturday Papers: JC Flowers looking closely at bombed-out banks -- bid news and gossip
Sat, 05 Jul 2008 10:30:00 GMT
EU opens inquiry into BHP's proposed acquisition of Rio Tinto.
- Saturday Papers: tips and comment
Sat, 05 Jul 2008 10:25:00 GMT
Comment on BB, MS, BG, Pendragon, Spectris and Melrose Resources.
- Barclays Wealth backs UK financials to outperform over medium term
Sat, 05 Jul 2008 00:01:00 GMT
Barclays Wealth has backed UK financials to outperform over the medium term, alongside materials and telecoms, despite a downgrading of the house view on growth.
- Friday Closing Market: BB's restructured rights issue casts pall over FTSE
Fri, 04 Jul 2008 17:24:14 GMT
The FTSE closed down sharply on Friday, down 1.16% or 63.80 points despite a modest rally among some retailers and selective miners.
- High turnover in funds ‘hampers performance’
Fri, 04 Jul 2008 15:08:16 GMT
High stock turnover in actively-managed funds is hitting performance and weighting the investment debate in favour of passive funds, according to Kilmarnock-based adviser Alan Dick.
Citywire News
- 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.
- Life is cheap
Sun, 06 Jul 2008 00:01:00 GMT
What is the minimum standard of living that every UK citizen should be able to enjoy? £450 a year for birthday presents to start with.
- Guide to paying school fees: Picking the right solution for you
Sun, 06 Jul 2008 00:01:00 GMT
In the second part of Citywire's guide to paying school fees we examine how to go about paying for them; whether to pay early, invest to cover the cost, or borrow.
- Am I entitled to more than 25% tax-free cash on retirement?
Sun, 06 Jul 2008 00:01:00 GMT
The A-Day pension regime ushered in a simplified approach to the calculation of pension fund tax-free cash entitlements. But there are still schemes offering more than the now standard 25% tax-free cash.
BBC News
- UN to urge revamp of Afghan aid
Sun, 06 Jul 2008 01:36:57 GMT
The UN's envoy to Afghanistan is to set out a new plan on aid spending, amid concern millions have been wasted.
- Student's family appeal to killer
Sun, 06 Jul 2008 01:19:28 GMT
The parents of a French student stabbed to death and burned in a London flat say his killer "cannot hide forever".
- Church tourism plan put to Synod
Sun, 06 Jul 2008 01:14:51 GMT
A proposal to open parish churches to tourists is to be put to the Church of England's governing body.
- Inquiry urged into UK territory
Sat, 05 Jul 2008 23:42:25 GMT
MPs call for an inquiry into the administration of British overseas territory the Turks and Caicos Islands.
- Mbeki holds Harare crisis talks
Sat, 05 Jul 2008 23:39:28 GMT
South Africa's Thabo Mbeki holds talks in Zimbabwe with President Mugabe and leaders of a breakaway opposition faction.
BBC Business News
- Call for inheritance law change
Sat, 05 Jul 2008 14:06:36 GMT
More money should be allowed to parents with dependent children if their spouse dies without a will, say legal experts.
- Thousands 'face negative equity'
Sat, 05 Jul 2008 12:43:44 GMT
Close to 150,000 homeowners who took out mortgages since early 2007 may face negative equity, research suggests.
- Protests ahead of Japan G8 summit
Sat, 05 Jul 2008 06:07:59 GMT
Protests begin on the northern Japanese island of Hokkaido ahead of Monday's summit of the G8 nations.
- Shops 'misleading customers'
Sat, 05 Jul 2008 04:17:06 GMT
High street shop staff are fobbing off customers and giving misleading advice about rights, Which? says.
- Pensioners 'see higher cost rise'
Sat, 05 Jul 2008 00:40:28 GMT
The cost of living for pensioners has outstripped inflation over the past 10 years, research suggests.
FT.com - Financial Markets News
- Rampant oil overshadows falling metals
Fri, 4 Jul 2008 21:06 BST
Trading was dominated during the week by surging oil prices. The rise in energy prices, however, masked losses in base metals and some agricultural commodities
- Europe's stocks end week in negative terrain
Fri, 4 Jul 2008 20:57 BST
Steel stocks lost their gleam in Europe as fears about slowing demand for cars tarnished the whole sector
- Overview: Record oil prices bring inflation fears to fore
Fri, 4 Jul 2008 19:49 BST
UK and European equities shuddered to their lowest levels since 2005, a bleak end to a torrid week, as record oil prices fuelled inflation fears and sent investors fleeing to safety
- ECB's dovish tone weakens euro
Fri, 4 Jul 2008 18:26 BST
The euro sold off sharply this week after the European Central Bank signalled it was not planning another rise in eurozone interest rates. The move came as the single currency looked to be staging an assault on its record high above $1.60 against the dollar
- ITV bucks trend as FTSE hits 2½-year low
Fri, 4 Jul 2008 17:21 BST
London markets hit their lowest level in more than 2½ years, but ITV bucked the trend as takeover talk provided a distraction from trading worries