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
- Friday Morning Market: Oil and mining sectors head rally
Fri, 21 Nov 2008 08:50:24 GMT
Tobaccos and utilities lose ground, but banks and financials firmer.
- Banks told to start lending ? or else
Fri, 21 Nov 2008 08:42:44 GMT
Pressure is building on banks to start lending as politicians step up the war of words.
- Morning Eyecatchers: Broker Roundup: Goldman upgrades Wood Group
Fri, 21 Nov 2008 08:16:58 GMT
Credit Suisse on retailers and ING downgrades Hays.
- Morning Eyecatchers: John Lewis store sales down 14%
Fri, 21 Nov 2008 08:10:31 GMT
Lo-Q sees full-year results signicantly ahead and Tom Hunter fails to clinch Flying Brands deal.
- Friday Papers: Dow plunges another 445 points on recession fears -- other news
Fri, 21 Nov 2008 07:11:50 GMT
US Congress reaches an impasse on bail-out of car industry.
BBC Business News
- Oil price up as Asian stocks rise
Fri, 21 Nov 2008 09:00:08 GMT
Oil prices bounce back from a three-and-a-half year low, tracking Asian stocks higher, but are still below $50 a barrel.
- Banks 'must kick-start lending'
Fri, 21 Nov 2008 08:36:25 GMT
Banks must start lending again to households and businesses, or face being named and shamed, the Treasury Select Committee chairman says.
- Fullers upbeat amid downturn
Fri, 21 Nov 2008 07:55:05 GMT
Fuller, Smith Turner says it is confident it will "cope well" even though the UK economic outlook did "not look good".
- Singapore officially in recession
Fri, 21 Nov 2008 07:35:18 GMT
Singapore downgrades its economic growth figure, which confirms it was Asia's first country in recession in the current financial crisis.
- Aid request
Fri, 21 Nov 2008 00:40:40 GMT
The CBI wants the chancellor to help small firms
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.
Mortgage News
- 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.
- Pink launches general insurance referral service
Thur, 20 Nov 2008 13:03:36 GMT
Pink Home Loans will now provide a general insurance referral service to its network members.
- Beckett doing all possible to avoid repossessions
Thur, 20 Nov 2008 12:52:09 GMT
Housing minister Margaret Beckett has assured the House of Commons that the government is using all its power to stave off revelations.
- Shapps calls housing target a con
Thur, 20 Nov 2008 12:44:23 GMT
Grant Shapps, shadow minister of housing, has called Gordon Brown's pledge to build 3 million homes by 2020 a con.
- Woolwich and PMS launch remortgage exclusives
Thur, 20 Nov 2008 12:30:24 GMT
Premier Mortgage Service has launched four new remortgage exclusives for its directly authorised channel with Woolwich.
BBC News
- Train fares rise 6% in new year
Fri, 21 Nov 2008 09:07:43 GMT
Britain's train companies are to raise regulated fares, including season tickets, by an average of 6% from the new year.
- Obama 'set to offer Clinton job'
Fri, 21 Nov 2008 09:03:10 GMT
US President-elect Barack Obama is "on track" to nominate Hillary Clinton as secretary of state, US media reports say.
- Oil price up as Asian stocks rise
Fri, 21 Nov 2008 09:00:08 GMT
Oil prices bounce back from a three-and-a-half year low, tracking Asian stocks higher, but are still below $50 a barrel.
- Fierce gun battle rocks Mogadishu
Fri, 21 Nov 2008 08:57:22 GMT
At least 15 people are killed as insurgents attack the Somali capital, Mogadishu, witnesses say.
- Pc faces quiz on alleged BNP link
Fri, 21 Nov 2008 08:48:15 GMT
A police officer suspended after his name appeared on a list of BNP members is to be questioned by his bosses.
