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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
- Tech trusts: should the betamax moments turn you off?
Wed, 22 Feb 2012 14:22:40 Z
The tech sector has enjoyed a spectacular three-year run, but the wide discounts in the closed-end soace may be a telling sign investors still bear a grudge after the 2001 crash.
- Investment complaints at Barclays Bank jump 77% in 2011
Wed, 22 Feb 2012 13:59:14 Z
Complaints linked to investments at Barclays spiked between 2010 and 2011, despite a broader 30% fall in gripes about the bank's other services.
- FundsNetwork strikes platform deal with Barclays Stockbrokers
Wed, 22 Feb 2012 12:42:24 Z
Fidelity FundsNetwork has struck an exclusive deal with the bank to provide its core fund platform in a move which will see it go head to head with the likes of Hargreaves Lansdown.
- Alan Miller teams with Deutsche to launch UK's first ETF of ETFs
Wed, 22 Feb 2012 11:25:09 Z
SCM Private is launching the first exchange traded fund (ETF) of ETFs in the UK in conjunction with db X-trackers, to provide a low-cost, actively managed multi-asset strategy.
- MPC minutes: split emerges on QE as Miles wants more
Wed, 22 Feb 2012 10:25:44 Z
Along with Adam Posen, former chief Morgan Stanley economist David Miles voted for a £75 billion QE injection at February's MPC meeting rather than the £50 billion which was injected into the economy.
Citywire Money, Tax and Property
- How to pay for long-term care of your loved ones
Wed, 22 Feb 2012 10:29:23 Z
The average person can expect to spend nearly 60% of their retirement in good health, but how will you pay for the other 40%?
- House prices see biggest rise in 10 years
Mon, 20 Feb 2012 10:19:30 Z
Asking prices rose 4.1% in February ? the biggest monthly increase since April 2002.
- What is a mortgage and how do I get one?
Fri, 17 Feb 2012 12:12:23 Z
We unpick the mortgage jargon to help you get to grips with the different types of loan that are available.
- Rents resume upward march
Fri, 17 Feb 2012 00:01:00 Z
Following two months of declines, the average monthly rent in England and Wales rose 0.1% in January to £712.
- QA: interest-only mortgage clampdown explained
Thu, 16 Feb 2012 12:04:52 Z
Both Lloyds and Santander have now introduced strict new rules for interest-only mortgages. Will other lenders follow suit?
Citywire News
- Rexam flies ahead on profit gains as FTSE lags
Wed, 22 Feb 2012 17:36:35 Z
Britain?s benchmark stock index flatlines as downbeat data create a gloomy outlook despite the Greek deal averting a crisis for now.
- Barclays takes on Hargreaves in fight for DIY investors
Wed, 22 Feb 2012 16:30:04 Z
Barclays Stockbrokers has signed up funds platform Fidelity FundsNetwork in a bid to take on Hargreaves Lansdown (HRGV.L) in its core market.
- Welcome to an uncertain financial future
Wed, 22 Feb 2012 15:42:48 Z
Sandwiched between two skint generations, the Uncertain Generation are seeing their money squeezed like never before.
- Barclays: customer complaints down but 'still too high'
Wed, 22 Feb 2012 14:44:48 Z
Customer complaints fell 6% in 2011, but were up in the second half of the year and high in investments and insurance.
- Chart of The Day: PPI victims paid £2 billion but owed billions more
Wed, 22 Feb 2012 11:15:00 Z
New FSA figures show how much the banks have paid out in compensation to victims of the PPI mis-selling scandal so far.
BBC Business News
- HP sales fall short of forecasts
Wed, 22 Feb 2012 21:56:45 GMT
Computer firm Hewlett-Packard sees a drop in first-quarter sales, as it attempts to turn itself around under new chief executive Meg Whitman.
- South Korea wins Navy tanker deal
Wed, 22 Feb 2012 21:51:46 GMT
The Royal Navy selects South Korean firm Daewoo for a £452m deal to build four new fuel tankers.
- Obama seeks US corporate tax cut
Wed, 22 Feb 2012 18:26:09 GMT
US President Barack Obama proposes a cut in corporate tax and an end to tax loopholes, as part of his election-year strategy on the economy.
- Bank members voted for £75bn QE
Wed, 22 Feb 2012 17:49:37 GMT
Minutes show two of the Bank of England's Monetary Policy Committee wanted more money pumped into the economy, sending sterling down on the currency markets.
- Greek MPs consider bailout laws
Wed, 22 Feb 2012 17:38:48 GMT
Protests take place outside parliament in Greece, as MPs consider emergency laws after a 130bn-euro bailout deal.
BBC News
- VIDEO: Vicar and teacher murder charges
Wed, 22 Feb 2012 22:20:12 GMT
A man has been charged with murdering a vicar in South Gloucestershire and a retired teacher in Worcestershire.
- Karzai urges calm over Koran row
Wed, 22 Feb 2012 22:18:51 GMT
Afghan President Hamid Karzai urges Afghans "not to resort to violence" after protests over the burning of the Koran at a US airbase near Kabul.
- US dismay at IAEA Iranian visit
Wed, 22 Feb 2012 22:09:16 GMT
The White House expresses disappointment on the barring of UN nuclear inspectors from a site in Iran, calling the visit a "failure" for Tehran.
- Toddler girl abandoned in library
Wed, 22 Feb 2012 22:03:00 GMT
Police search for a woman seen leaving a library in Kent where a girl, believed to be two or three years old, is abandoned.
- VIDEO: Ukraine mourns dead after freeze
Wed, 22 Feb 2012 21:56:46 GMT
According to the UN, no European country has born the brunt of the extreme weather more than the Ukraine, where 112 people died.
