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
- Woodford admits mining call has hurt performance
Wed, 09 Jul 2008 12:23:00 GMT
Citywire AA-rated Neil Woodford admits he made a wrong call underweighting mining stocks but says moving into the sector now would only compound that error because commodities are in a bubble.
- Banks to lead sharp bear market rally before further rights issues, claims AA-rated Geffen
Wed, 09 Jul 2008 12:14:00 GMT
Under pressure banks are set to make a recovery in the next few months before enduring further falls, Neptune's Robin Geffen has claimed.
- Wednesday Morning Market Update: Banks and insurances head modest rally
Wed, 09 Jul 2008 10:05:00 GMT
Housebuilders in better shape, but retailers remain cautious.
- Henderson's Asian manager Kerley shuns India
Wed, 09 Jul 2008 09:45:08 GMT
Henderson Global Investors’ Asian fund manager Mike Kerley is avoiding the Indian stock market because of the state of its current accounts and the high valuations of its stocks.
Mortgage News
- Woolwich cuts rates on broker range
Wed, 9 Jul 2008 11:51:53 GMT
Woolwich has cut the rates on its broker products by up to 0.30% on some deals.
- Hamptons International launches Monaco office
Wed, 9 Jul 2008 11:49:11 GMT
Estate agent Hamptons International has expanded its international portfolio with the launch of an office in Monaco.
- Consumers gloomy over economic outlook
Wed, 9 Jul 2008 11:38:08 GMT
More than half of consumers believe the economic situation will worsen over the next six months, reveals the latest confidence survey from Nationwide.
- Loanoptions and TCF Debt Solutions secure new investment
Wed, 9 Jul 2008 11:29:53 GMT
New investment has been injected into Loanoptions.co.uk, TCF Debt Solutions and Merchant Business Finance in return for a minority shareholding.
BBC Business News
- Macau family feud delays listing
Wed, 09 Jul 2008 11:13:32 GMT
The casino company of Macau mogul Stanley Ho delays its stock market float after a court challenge by one of his sisters.
- Slowing pains
Wed, 09 Jul 2008 11:13:14 GMT
One Welsh town feels the force of a cooling economy
- More job cuts at UK housebuilders
Wed, 09 Jul 2008 10:48:05 GMT
Bovis Homes and Redrow announce sweeping job cuts as they struggle to deal with the housing downturn.
- Euro MPs get tough on airline ads
Wed, 09 Jul 2008 10:30:04 GMT
MEPs move to ban air ticket ads that do not include hidden taxes and charges, in an EU crackdown on misleading cheap fares.
BBC News
- LIVE: Prime minister's questions
Wed, 09 Jul 2008 11:43:59 GMT
The key points, reaction and your comments as Harriet Harman stands in for Gordon Brown at his weekly House of Commons grilling.
- Claims of abuse in Jersey bunker
Wed, 09 Jul 2008 11:42:36 GMT
Six people say they were abused in a WWII bunker near a former Jersey children's home, say police.
- Iran sends missile test warning
Wed, 09 Jul 2008 11:23:11 GMT
Iran test-fires its longest-range missile - capable of hitting Israel - in a clear warning against US and Israeli pressure.
- Unchanged England set Test record
Wed, 09 Jul 2008 11:20:19 GMT
England become the first team in history to name an unchanged XI for the sixth successive match.
