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
- Thursday Papers: tips and comment
Thu, 04 Dec 2008 06:50:25 GMT
Comment on New Star, Sibir Energy, BA, Stagecoach, Sage, Dawson, BP, MS, Vedanta Resources, Numis, ACM Shipping and Shaftesbury.
- Struggling against spiralling bank charges
Thu, 04 Dec 2008 00:01:00 GMT
One man's story illustrates just how badly the banks penalise those least able to deal with financial setbacks.
- Mortgage rationing is back
Thu, 04 Dec 2008 00:01:00 GMT
With so few lenders able to provide cash for new home loans 'mortgage rationing' has returned, the head of the the Council of Mortgage Lenders says.
- Wednesday Closing Market: shares up again as hope triumphs
Wed, 03 Dec 2008 17:26:12 GMT
UK shares tracked US markets higher as optimism won through despite more bad news.
- New Star creditors take majority stake
Wed, 03 Dec 2008 17:25:31 GMT
New Star's creditors have taken control of 75% of the business in a debt for equity swap aiming to secure its future and take it off the public market.
BBC Business News
- Tories want mortgage aid details
Thu, 04 Dec 2008 05:16:19 GMT
The Conservatives want more details about the government's plan to help people in danger of having their homes repossessed.
- Nomura shedding 1,000 London jobs
Thu, 04 Dec 2008 04:30:11 GMT
Japanese bank Nomura has announced it will cut 1,000 staff in London after buying parts of Lehman Bros.
- Asian autonomy
Thu, 04 Dec 2008 02:00:17 GMT
Has the time come for an Asian Monetary Fund?
- 'Too late to panic'
Thu, 04 Dec 2008 01:17:52 GMT
Now might be time to start looking for investments.
- Uncharted waters
Thu, 04 Dec 2008 00:49:57 GMT
Just how far will the Bank of England go in cutting rates?
London Stock Exchange News
- Banks to face "huge fines" for unfair lending practices
Wed, 03 Dec 2008 12:49:43 +0000
Banks could face unlimited fines if they fail to treat customers fairly under new legislation set to be announced later today (December 3rd) in the Queen's Speech.
- Consumer confidence falls again
Wed, 03 Dec 2008 11:25:36 +0000
Consumer confidence fell again in November as economic worries continued to weigh heavy on Britons' minds, according to the latest figures from Nationwide.
- Nikkei boosted as investors go domestic
Wed, 03 Dec 2008 11:01:59 +0000
The Nikkei index posted a 1.8 per cent rise in Tokyo on Wednesday as investors looked to insulate themselves from global economic turbulence with shares that rely on domestic demand for growth, reports say.
- Jobs market collapsing at "breakneck speed"
Wed, 03 Dec 2008 10:05:48 +0000
Analysts have warned that the UK jobs market is "heading downhill at breakneck speed" after the number of permanent and temporary appointments dropped at the fastest rate on record in November.
- US investors play defence, Europe stages late rally
Wed, 03 Dec 2008 04:57:52 +0000
US markets rose in early trading on Wednesday (December 3rd) as indications of a worsening recession sparked buys of defensive shares, including a number of biotech companies.
Mortgage News
- Brown unveils 2-year deferment of interest payments for jobless
Wed, 3 Dec 2008 16:23:29 GMT
The Prime Minister Gordon Brown has unveiled a 2-year deferment of mortgage interest payments for hard working borrowers who experience a loss of income.
- Repossessions rumoured to hit 75,000 in 2009
Wed, 3 Dec 2008 15:54:06 GMT
The BBC claims that the Council of Mortgage Lenders estimates that repossessions will hit 75,000 next year.
- Ian Giles to leave Kensington
Wed, 3 Dec 2008 15:22:15 GMT
Ian Giles, director of marketing and communications at Kensington Group, is set to leave the lender at Christmas as part of its recently announced restructure.
- GE to restructure but "committed to finance services"
Wed, 3 Dec 2008 14:11:16 GMT
GE Capital has announced job cuts as part of restructuring in preparation for a tougher market next year.
- Checkmate secures three major contracts
Wed, 3 Dec 2008 14:00:42 GMT
Checkmate Mortgages has secured three major contracts to support its launch and make use of the latest technology and fraud protection products.
BBC News
- Lil' Wayne heads Grammy nominees
Thu, 04 Dec 2008 06:51:04 GMT
US rapper Lil' Wayne is nominated for eight Grammy awards, while Coldplay follow with seven mentions on the shortlist.
- Chronic care need 'unsustainable'
Thu, 04 Dec 2008 06:41:42 GMT
The NHS needs to do more to help people with a long-term illness, says a watchdog's report.
- Smith statement due on Green case
Thu, 04 Dec 2008 05:52:55 GMT
Home Secretary Jacqui Smith is to make a statement on the arrest of Tory MP Damian Green to the Commons.
- Putin to face economy questions
Thu, 04 Dec 2008 05:48:26 GMT
Russian Prime Minister Vladimir Putin is set to face a series of questions about the economy in a nationwide broadcast.
- Rice urges tough Pakistan action
Thu, 04 Dec 2008 05:42:53 GMT
US Secretary of State Condoleezza Rice urges Pakistan to take a "tough line" on terrorism after arriving in Islamabad.
