News and comment
The news stories on this page have been written and produced by a third party and neither nor its representatives can be held responsible for the accuracy of the content/information contained within these stories.
Welcome to our on-line financial newsletter. This service is regularly updated to bring you news of important developments in financial matters.
Citywire Investment News
- Electra seen as top pick for private equity
Fri, 30 Jul 2010 10:45:30 +0100
The trust continues to struggle in the difficult market conditions but at a 30.8% discount, Oriel Securities sees it as a top buy to play a revival in private equity.
- Newcits: hedge funds just don?t get it
Fri, 30 Jul 2010 10:39:14 +0100
Newcits have been hailed as a revolution in the funds business, but we are still in the early stages and the more dramatic transformation is yet to come
- Invista rides UK property rise but casts wary eye on Europe
Fri, 30 Jul 2010 10:24:44 +0100
Momentum in the UK commercial property market helps trigger a £77 million rise in assets at Invsita but it fears the economic problems on the continent will impact performance.
- Markets lose ground ahead of US GDP announcement
Fri, 30 Jul 2010 09:17:22 +0100
Investors are steeling themselves for disappointment from this afternoon's release of US economic growth figures for the second quarter.
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.
FT.com - Financial Markets News
- Mining losses erode London?s July rally
Fri, 30 Jul 2010 10:24:38 GMT
London?s strong June rally unravels further as traders worry about the outlook for global growth ahead of US economic data
- Investors drop risk ahead of US GDP data
Fri, 30 Jul 2010 10:07:17 GMT
Global Markets Overview: The FTSE All-World index is down 0.5% as Asian markets tumble, while futures markets are pricing in lower opening prices for New York?s SP 500 index
- Faltering technology stocks take Asian indices lower
Fri, 30 Jul 2010 05:18:05 GMT
Glum outlooks from US technology companies and downbeat comments from a Fed official amid concerns on second-quarter economic growth prompt investors to book profits
- Signs of slowdown in Japanese recovery
Fri, 30 Jul 2010 04:25:03 GMT
Fresh data reveal an unexpected rise in the unemployment rate and a drop in industrial production amid the country?s ongoing battle with deflation
BBC News
- Mugabe mourns after sister dies
Fri, 30 Jul 2010 10:22:42 +0000
Zimbabwe's President Robert Mugabe is in mourning after his younger sister, Sabina, died, aged 76.
- US has 'deadliest Afghan month'
Fri, 30 Jul 2010 10:19:38 +0000
American forces are recorded as having experienced their deadliest month in Afghanistan, with 63 US service members killed in July.
- Disney sells Miramax film studios
Fri, 30 Jul 2010 10:16:58 +0000
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
- Expenses four in appeals defeat
Fri, 30 Jul 2010 10:12:42 +0000
Three ex Labour MPs and an ex-Tory peer lose appeals over a ruling that they are not protected from prosecution over expenses fraud allegations.
BBC Business News
- Disney sells Miramax film studios
Fri, 30 Jul 2010 10:16:58 +0000
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
- Strikes and ash extend BA losses
Fri, 30 Jul 2010 10:09:02 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
- Sale of EDF's UK networks agreed
Fri, 30 Jul 2010 09:50:38 +0000
A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
- Deadline for tax credits renewal
Fri, 30 Jul 2010 09:35:38 +0000
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.
FT.com - Equities
- Mining losses erode London's July rally
Fri, 30 Jul 2010 09:25:59 +0100
London's strong June rally unravels further as traders worry about the outlook for global growth ahead of US economic data
- Faltering technology stocks take Asian indices lower
Fri, 30 Jul 2010 06:18:05 +0100
Glum outlooks from US technology companies and downbeat comments from a Fed official amid concerns on second-quarter economic growth prompt investors to book profits
- Prudential gains amid talk of strategic review
Thu, 29 Jul 2010 20:39:09 +0100
Weak earnings news from the US countered strong figures from UK companies to send the FTSE 100 slightly lower
- Profit-taking and forecasts damp Europe
Thu, 29 Jul 2010 20:18:08 +0100
A rally in telecoms companies had put the eurozone core back into positive territory in early trading, but a poor performance on Wall Street later hit confidence