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
- Battered owner of Dixons jumps a third after broker upgrade
Fri, 21 Nov 2008 12:23:41 GMT
DSG International is expected to provide reassurance on its financial position next week.
- Whittaker leaves New Star
Fri, 21 Nov 2008 12:17:15 GMT
Stephen Whittaker has left New Star Asset Management.
- One in eight pubs could shut as chains come under pressure
Fri, 21 Nov 2008 11:43:28 GMT
The warning comes as Fullers announced a small drop in profits.
- Whittaker dropped for Steer on Skandia Best Ideas funds
Fri, 21 Nov 2008 10:38:04 GMT
Skandia Investment Group has replaced New Star's Stephen Whittaker (above) with his colleague Tim Steer on two of its Best Ideas funds.
- Repossessions soar 12% in three months
Fri, 21 Nov 2008 10:18:38 GMT
Some 45,000 homes are expected to have been repossessed by the end of the year.
Mortgage News
- Lenders threatened with full nationalisation
Fri, 21 Nov 2008 10:05:43 GMT
Lloyds TSB, HBOS and Royal Bank of Scotland have been threatened with full-scale nationalisation unless they pass on rate cuts to customers.
- Brokers back TCF website
Fri, 21 Nov 2008 09:55:21 GMT
Brokers are standing up for TCFinfo.co.uk a free website that provides guides and downloads to help them implement Treating Customers Fairly principles.
- HSBC cuts SVR to 5.44%
Fri, 21 Nov 2008 09:35:48 GMT
HSBC has revealed that it is cutting its SVR by 0.81% from December 5.
- Mortgage Times launches three-year fix with Abbey
Thur, 20 Nov 2008 17:19:38 GMT
Mortgage Times has teamed up with Abbey for Intermediaries to offer a three-year fixed rate deal at 4.69%.
- Nationwide drops fixes but stays away from trackers
Thur, 20 Nov 2008 16:38:35 GMT
Nationwide is cutting fixed rate deals by up to 0.80% but has confirmed it has no current plans to introduce new trackers.
BBC Business News
- Repossession of homes up by 12%
Fri, 21 Nov 2008 12:10:46 GMT
The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year.
- Honda Swindon closing for 50 days
Fri, 21 Nov 2008 12:01:44 GMT
Honda is to cut production in Japan and Europe and close its Swindon plant in the UK in February and March next year.
- Asbestos victims win 'test case'
Fri, 21 Nov 2008 11:59:07 GMT
Asbestos-related cancer victims and their families have won an important test case over access to compensation.
- Russian oil giant circles Repsol
Fri, 21 Nov 2008 11:38:40 GMT
Spanish savings bank La Caixa may sell its 14% stake in Spanish-Argentine energy firm Repsol to Russia's Lukoil.
- Citigroup is 'considering sale'
Fri, 21 Nov 2008 11:23:55 GMT
One of America's biggest banks may sell parts of its business or merge with a rival, according to newspaper reports.
Citywire News
- Battered owner of Dixons jumps a third after broker upgrade
Fri, 21 Nov 2008 12:23:41 GMT
DSG International is expected to provide reassurance on its financial position next week.
- One in eight pubs could shut as chains come under pressure
Fri, 21 Nov 2008 11:43:28 GMT
The warning comes as Fullers announced a small drop in profits.
- Morning Line: Small shareholders have no say
Fri, 21 Nov 2008 11:10:54 GMT
Not only have small investors lost money in the banking crisis, they have also lost any illusion that they have any influence on decision-making.
- Repossessions soar 12% in three months
Fri, 21 Nov 2008 10:18:38 GMT
Some 45,000 homes are expected to have been repossessed by the end of the year.
- Friday Morning Market Update: Fragile rally holding on hopes of brighter Wall Street
Fri, 21 Nov 2008 10:06:12 GMT
Banks, insurers, miners and oils recover, but utilities, tobaccos, consumer and drug issues left out in the cold.
London Stock Exchange News
- Private equity investors predict change
Thu, 20 Nov 2008 12:26:03 +0000
The majority of executives in the private equity sector believe the credit crisis will lead to a number of changes.
- Finances main worry for Britons
Thu, 20 Nov 2008 11:19:30 +0000
The majority of Britons believe that finance is the number one problem facing the nation, new research from Axa reveals.
- Property sector low on consumer confidence
Thu, 20 Nov 2008 11:18:30 +0000
Consumer confidence in the property sector has dwindled, according to new research from the Department for Business, Enterprise and Regulatory Reform (BERR).
- Interest-only mortgage gap growing
Thu, 20 Nov 2008 10:00:01 +0000
A growing number of consumers have no plans in place to repay the capital of interest-only mortgage, according to new research.
- Winterton backs pension marketing
Thu, 20 Nov 2008 09:58:43 +0000
Pensions secretary Rosie Winterton has said that providers should do more to encourage consumers to save.
BBC News
- India navy 'to go after pirates'
Fri, 21 Nov 2008 12:29:59 GMT
The Indian navy is given formal approval by the United Nations to go after pirate ships in Somali waters, the BBC learns.
- Glitter appeals over travel order
Fri, 21 Nov 2008 12:26:39 GMT
Gary Glitter is to appeal against a court order that requires him to notify police if he plans to travel abroad.
- Darling 'to force banks to lend'
Fri, 21 Nov 2008 12:23:39 GMT
Chancellor Alistair Darling is reportedly planning to force banks to lend to small firms in the pre-Budget report.
- Repossession of homes up by 12%
Fri, 21 Nov 2008 12:10:46 GMT
The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year.
- Burma comic jailed for 45 years
Fri, 21 Nov 2008 12:10:45 GMT
Popular Burmese comedian and activist Zarganar is sentenced to 45 years in jail in the latest of a string of imprisonments.
