News and comment
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Citywire Investment News
- Evershed claimed Duffield 'undermined' fund managers' confidence
Thu, 29 Jul 2010 14:24:07 +0100
Fund manager Patrick Evershed can proceed with his case claiming constructive dismissal against the now defunct New Star Asset Management.
- Towergate launches RDR transition service
Thu, 29 Jul 2010 12:07:26 +0100
Towergate Financial is to allow advisers access to its investment proposition and platform as part of a service to help firms prepare for the retail distribution review and improve client communication.
- SC Davies launches global multi-asset funds ahead of RDR
Thu, 29 Jul 2010 11:30:22 +0100
Boutique wealth manager SC Davies Co to launch a trio of funds ahead of the retail distribution review (RDR).
- FSA brings advisers and wealth managers under remuneration code
Thu, 29 Jul 2010 11:20:41 +0100
The Financial Services Authority (FSA) is proposing to widen the application of its remuneration code to investment and financial advice firms, forcing advisers to defer 40% of any bonuses for three years.
- Ignis launches UK Enhanced income fund
Thu, 29 Jul 2010 10:59:31 +0100
Ignis Asset Management has soft launched a second Ucits III fund using a covered call strategy to boost income returns.
Citywire News
- Fed up with bank rip-offs? Then shop around for a better deal
Thu, 29 Jul 2010 15:38:00 +0100
Until consumers wake up and take an interest in their finances, the rip-off will continue. Lorna Bourke looks at the best places to put your money now.
- Leading fund manager slashes US exposure in half
Thu, 29 Jul 2010 11:56:14 +0100
Jupiter Financial Opportunities manager Philip Gibbs has halved his Financial Opportunities fund's exposure to North America from 26% to 13% within the last month.
- Morning Line: The governor is not a threat to growth, just realistic
Thu, 29 Jul 2010 11:55:00 +0100
Bank of England Mervyn King always seems to be talking down the economy but that doesn't mean we can dismiss what he has to say.
- Santander hiring 600 staff as it goes on customer service assault
Thu, 29 Jul 2010 11:22:37 +0100
Spanish bank hiring 600 UK staff as it tries to improve its much-maligned customer service.
- 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.
BBC News
- Fugitive tycoon Nadir seeks bail
Thu, 29 Jul 2010 14:26:55 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.
- BSkyB profits on high definition
Thu, 29 Jul 2010 14:17:31 +0000
Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.
- Live - England v Pakistan
Thu, 29 Jul 2010 14:14:26 +0000
Paul Collingwood and Eoin Morgan set about rebuilding England's first innings in the opening Test against Pakistan.
- I am not a number two, says Massa
Thu, 29 Jul 2010 14:14:03 +0000
Felipe Massa insists he is not playing second fiddle to Fernando Alonso, despite controversy surrounding the Ferrari drivers in last weekend's German Grand Prix.
- Frenchwoman 'admits baby killing'
Thu, 29 Jul 2010 14:09:32 +0000
Prosecutors say a Frenchwoman has admitted killing eight newborn babies after remains are found in a northern village but says her husband knew nothing.
BBC Business News
- Fugitive tycoon Nadir seeks bail
Thu, 29 Jul 2010 14:26:55 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.
- BSkyB profits on high definition
Thu, 29 Jul 2010 14:17:31 +0000
Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.
- BT profit up despite revenue fall
Thu, 29 Jul 2010 14:02:31 +0000
BT reports what it describes as "acceptable" quarterly results, with profits sharply higher despite a fall in revenue.
- Shell sees profits almost double
Thu, 29 Jul 2010 13:44:27 +0000
Second-quarter profits at oil giant Royal Dutch Shell almost double after it completes a year-long restructuring programme.
- New face
Thu, 29 Jul 2010 13:26:04 +0000
Can the new Metro Bank really shake up High Street banking?
FT.com - Financial Markets News
- Continuing rally takes Chinese stocks to two month high
Thu, 29 Jul 2010 13:48:47 GMT
Chinese steel and cement industry boosted by optimistic economic predictions
- World stocks advance to three-month high
Thu, 29 Jul 2010 13:45:01 GMT
Global Markets Overview: Risky assets are gaining as strong company earnings and some good news on the US jobs front counteract a cautious assessment of the economic recovery by the Federal Reserve
- Pharmaceuticals help European bourses rebound
Thu, 29 Jul 2010 11:36:37 GMT
A clutch of impressive earnings from some of the Europe?s biggest companies helps improve sentiment, as the region?s traders turn away from worrying US data and concentrate on robust corporate newsflow
- Sharp fall in lending to UK financial sector
Thu, 29 Jul 2010 11:08:26 GMT
Bank lending to the industry is at its lowest for at least a year following a very sharp drop in June, data from the Bank of England show
- Dollar pressured by US economic outlook
Thu, 29 Jul 2010 10:50:58 GMT
The Federal Reserve?s cautious outlook for the world?s biggest economy sends the dollar to a three-month low on a trade-weighted basis, as further fragile data adds to concern