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 Investment News
- Savers pulling record amounts out of banks
Wed, 03 Dec 2008 00:01:00 GMT
Spooked savers are fleeing banks in search of safer places to stash their cash.
- Tuesday Closing Market: FTSE gains over 1% as US rallys
Tue, 02 Dec 2008 17:22:37 GMT
UK ends firmer and sterling recovers from lows as US shares rebound.
- Neptune considering bid for New Star managers and assets
Tue, 02 Dec 2008 15:35:39 GMT
Citywire can reveal that Neptune Investment Management is making a play for some of the assets and fund managers at embattled New Star.
- Why falling sterling is good for UK plc
Tue, 02 Dec 2008 13:57:16 GMT
Sterling has made some pretty steep moves recently, but analysts say it is good news for UK equities.
Mortgage News
- Scottish MPs back Merger Action Group over HBOS deal
Tue, 2 Dec 2008 16:05:32 GMT
Scottish MPs have rallied behind the Merger Action Group in trying to prevent the Lloyds TSB takeover of HBOS due to the threat it represents to competition.
- A&L reduces fixed rates by up to 0.90%
Tue, 2 Dec 2008 16:04:27 GMT
Alliance & Leicester has launched a portfolio of mortgage products, with fixed rate mortgages being reduced by up to 0.90%.
- FSA calls for clarity on collars
Tue, 2 Dec 2008 14:48:10 GMT
The Financial Services Authority is appealing to lenders to be clear where collars and floors apply on tracker mortgages.
- Broker levels in boom years were unsustainable
Tue, 2 Dec 2008 14:40:45 GMT
The Financial Services Authority has admitted today that in hindsight the number of mortgage brokers in the UK market grew to an unsustainable number.
BBC Business News
- Sterling rebounds from sharp fall
Wed, 03 Dec 2008 01:10:49 GMT
The pound claws back against the US dollar after suffering the largest percentage drop since 1992 on Monday.
- UK job market weakening rapidly
Wed, 03 Dec 2008 01:10:45 GMT
The UK job market weakens as permanent placements decline at record levels, a new survey suggests.
- US carmakers publish rescue plans
Wed, 03 Dec 2008 00:32:48 GMT
US carmakers General Motors, Ford and Chrysler present their new cost-cutting plans to Congress.
- Toy firm collapse costs 200 jobs
Tue, 02 Dec 2008 19:23:02 GMT
A York-based toy and stationery company goes into administration, with the loss of 200 jobs.
BBC News
- Thai demonstrators leave airports
Wed, 03 Dec 2008 06:09:35 GMT
Thai anti-government protesters hand over Bangkok's main airports to the authorities after an eight-day blockade.
- Rice visits India to ease tension
Wed, 03 Dec 2008 05:57:20 GMT
The US secretary of state is in India hoping to ease tensions between India and Pakistan over the Mumbai attacks.
- Bid to scrap Polanski sex charge
Wed, 03 Dec 2008 05:24:19 GMT
Lawyers for the director, Roman Polanski, ask a US court to dismiss a 30-year-old charge of unlawful sex with a minor.
- Life on the road
Wed, 03 Dec 2008 05:22:26 GMT
A weekend with scooterists in East Yorkshire
