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
- The two pensions and why we shouldn't lump them together
Sun, 05 Sep 2010 00:01:00 +0100
We need another word for ?pension?, writes Steve Bee.
- The end of the 'cheap mortgage'
Sun, 05 Sep 2010 00:01:00 +0100
Linton Chiswick questions whether the regulator is about to call time on the last remaining ?cheap mortgage?.
- Sunday Papers: tips and comment
Sun, 05 Sep 2010 00:01:00 +0100
- Sunday Papers: other news
Sun, 05 Sep 2010 00:01:00 +0100
- Sunday Papers: bid news and gossip
Sun, 05 Sep 2010 00:01:00 +0100
BBC Business News
- Wrong tax bill for millions in UK
Sat, 04 Sep 2010 17:44:34 GMT
Almost six million people in the UK have paid the wrong amount of income tax in the past year, with some facing a bill of up to £1,400 - although others can expect a rebate.
- Six million facing new tax bills
Sat, 04 Sep 2010 17:40:43 GMT
HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418.
- Cairo literary business booming
Sat, 04 Sep 2010 16:50:18 GMT
Egypt's literary scene is thriving, with a new generation of writers and poets taking advantage of an increasing number of small publishers and social networking sites to get their work noticed.
- Industry fears over cheaper coins
Sat, 04 Sep 2010 16:12:04 GMT
Vending machine companies warn cheaper "steel" 5p and 10p coins being considered by the Treasury could cost the industry millions of pounds.
- Banks leave customers in 'poverty'
Sat, 04 Sep 2010 09:29:15 GMT
High Street banks have been accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.
BBC News
- Ex-army head attacks Labour PMs
Sat, 04 Sep 2010 23:16:21 GMT
Former head of the Army Gen Sir Richard Dannatt accuses Tony Blair and Gordon Brown of letting down British troops in Iraq and Afghanistan.
- Crash survivors back Chile miners
Sat, 04 Sep 2010 22:58:38 GMT
Survivors of a 1972 plane crash in the Andes arrive at the San Jose mine to support the 33 men trapped underground.
- Hargreaves fails to make Euro cut
Sat, 04 Sep 2010 22:43:15 GMT
Injury-hit midfielder Owen Hargreaves has been left out of Manchester United's Champions League squad.
- Aftershocks felt after NZ quake
Sat, 04 Sep 2010 22:25:05 GMT
A series of aftershocks rattle Christchurch, New Zealand, where a powerful 7.0-magnitude earthquake caused widespread damage.
- ElBaradei alleges 'smear' tactic
Sat, 04 Sep 2010 22:04:46 GMT
Former UN chief nuclear chief Mohamed ElBaradei accuses Egypt's government of being behind a campaign to smear his family.
Citywire Investment News
- Investment Line: Has the recession permanently damaged UK GDP?
Fri, 03 Sep 2010 14:00:34 +0100
Measuring whether the UK's ouput gap is closing or lost forever after the downturn is playing a key role in determining monetary policy.
- Global markets soar as US jobs data brings more cheer
Fri, 03 Sep 2010 13:58:10 +0100
Today's US jobs data came in much better than expected dampening fears the world's largest economy is heading back towards recession.
- Wealth managers recover second quarter losses
Fri, 03 Sep 2010 13:20:46 +0100
Research from Asset Risk Consultants (Arc) shows wealth managers managed to recover some of the losses from dreadful in May and June.
- The financial crisis isn?t the problem ? it's expensive old people
Fri, 03 Sep 2010 12:18:23 +0100
We risk ignoring 'the fiscal challenge of the 21st century'.
- Capita employee in fatal fall at AXA office
Fri, 03 Sep 2010 11:43:06 +0100
A Capita employee has died after falling three floors inside one of AXA?s offices in Bristol.
FT.com - Financial Markets News
- Swiss franc benefits from haven status as doubts spread
Fri, 03 Sep 2010 22:07:29 GMT
Swiss franc hits record high against the euro and nears parity against the dollar as worries over the global economic recovery drive haven demand
- Bold financial seers look to models rather than the herd
Fri, 03 Sep 2010 21:59:46 GMT
Stocks have lost nearly half of their value twice in the past decade yet a suggestion the same is about to happen again draws scorn on Wall Street
- Investors? turn to linkers and gold to hedge uncertainty
Fri, 03 Sep 2010 21:23:56 GMT
In 2002, Ben Bernanke deemed deflation such a threat that he referred to Milton Friedman?s notion of handing out cash to stop falling prices
- Volatility and poor returns killing equities cult
Fri, 03 Sep 2010 21:17:52 GMT
More market professionals are asking if the brutal de-rating suffered by equities during the past decade means the cult of equity is dying
- Wall Street takes cheer from employment data
Fri, 03 Sep 2010 20:38:56 GMT
US stocks rose, extending this week?s rally, after a better-than-expected August jobs report eased fears about a slowdown in the pace of the economic recovery
FT.com - Equities
- Wall Street takes cheer from employment data
Fri, 3 Sep 2010 21:38:56 +0100
US stocks rose, extending this week's rally, after a better-than-expected August jobs report eased fears about a slowdown in the pace of the economic recovery
- BAE flying high as defence cutbacks look less ominous
Fri, 3 Sep 2010 20:00:32 +0100
Bid speculation helps London shares stay positive and to extend winning streak
- Strong earnings drive Europe's carmakers
Fri, 3 Sep 2010 19:31:14 +0100
European equities had their biggest weekly gain for eight weeks as the region's carmakers led the way with a strong performance against the backdrop of improving sentiment from more positive global economic data
- Speculators push up United Utilities and water groups
Thu, 2 Sep 2010 22:08:42 +0100
Bid talk and improving corporate newsflow gives the FTSE 100 a shot at holding on to the strong gains generated by strong economic data over the previous session
- EADS rises as Paris reassures on A400M
Thu, 2 Sep 2010 20:11:37 +0100
European equities held levels attained during the previous session's strong advance on Thursday, with carmakers able to extend their recent strong run
Citywire Money, Tax and Property
- The end of the 'cheap mortgage'
Sun, 05 Sep 2010 00:01:00 +0100
Linton Chiswick questions whether the regulator is about to call time on the last remaining ?cheap mortgage?.
- Mortgages: cut out the middle man for the best rates
Sat, 04 Sep 2010 00:01:00 +0100
Increasingly, high street banks are not only by-passing brokers ? the only place a potential homebuyer can get truly impartial advice on a home loan ? but they are restricting their best offers to existing customers.
- FSA fines and censures mortgage brokers over fraud
Tue, 31 Aug 2010 13:37:07 +0100
The Financial Services Authority has banned one mortgage broker and fined another for failing to prevent false mortgage applications being made to lenders.
- Morning Line: Why should first time buyers suffer?
Tue, 31 Aug 2010 11:20:38 +0100
If the Bank of England is serious about capping mortgage loan-to-value ratios as a means of preventing another credit crisis then it risks excluding more young people from home ownership. Is this what the coalition really wants?
- Mortgages: don't write off a fixed rate
Sat, 28 Aug 2010 00:01:00 +0100
Most people are opting for a tracker mortgage, but it is not the right option for everyone. Lorna Bourke considers the options for borrowers.
