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
- Evershed claimed Duffield 'undermined' fund managers' confidence
Thu, 29 Jul 2010 14:24:07 +0100
Fund manager Patrick Evershed can proceed with his case claiming constructive dismissal against the now defunct New Star Asset Management.
- Towergate launches RDR transition service
Thu, 29 Jul 2010 12:07:26 +0100
Towergate Financial is to allow advisers access to its investment proposition and platform as part of a service to help firms prepare for the retail distribution review and improve client communication.
- SC Davies launches global multi-asset funds ahead of RDR
Thu, 29 Jul 2010 11:30:22 +0100
Boutique wealth manager SC Davies Co to launch a trio of funds ahead of the retail distribution review (RDR).
- FSA brings advisers and wealth managers under remuneration code
Thu, 29 Jul 2010 11:20:41 +0100
The Financial Services Authority (FSA) is proposing to widen the application of its remuneration code to investment and financial advice firms, forcing advisers to defer 40% of any bonuses for three years.
Citywire Money, Tax and Property
- House prices: Nationwide reports first drop since February
Thu, 29 Jul 2010 08:24:53 +0100
Nationwide has reported a 0.5% drop in the price of an average UK property, adding to evidence that prices are heading lower.
- House prices rise slightly in June
Wed, 28 Jul 2010 13:07:44 +0100
Land Registry reports 0.1% rise in June following May?s slight fall. Figures come in contrast to other indices which are showing falling prices.
- 'Home staging' is all the rage - but there are better ways to sell up
Sun, 25 Jul 2010 00:01:00 +0100
A booming industry in the US aims to help people sell their homes, but here, as a second property price bust looms, it's hard cash that will ultimately speak loudest.
- House prices: the areas where it is cheaper to buy than rent
Wed, 21 Jul 2010 14:08:22 +0100
A new survey reveals the places where it is cheaper to buy a home than rent one, provided you can get the mortgage.
BBC Business News
- Fugitive tycoon Nadir seeks bail
Thu, 29 Jul 2010 14:26:55 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.
- BSkyB profits on high definition
Thu, 29 Jul 2010 14:17:31 +0000
Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.
- BT profit up despite revenue fall
Thu, 29 Jul 2010 14:02:31 +0000
BT reports what it describes as "acceptable" quarterly results, with profits sharply higher despite a fall in revenue.
- Shell sees profits almost double
Thu, 29 Jul 2010 13:44:27 +0000
Second-quarter profits at oil giant Royal Dutch Shell almost double after it completes a year-long restructuring programme.
BBC News
- Vicar guilty of sham wedding scam
Thu, 29 Jul 2010 14:38:10 +0000
A Sussex vicar is found guilty of carrying out hundreds of sham marriages over four years to bypass immigration law.
- Child heart op ban 'should stay'
Thu, 29 Jul 2010 14:35:17 +0000
Children's heart surgery should remain suspended at Oxford's John Radcliffe Hospital where four babies died, a report says.
- Arab League endorses direct talks
Thu, 29 Jul 2010 14:30:25 +0000
The Arab League backs direct Palestinian peace talks with the Israelis, but leaves the timing to the Palestinians, officials say.
- Government's £6m web search bill
Thu, 29 Jul 2010 14:29:17 +0000
Four government departments spent almost £6m ensuring their websites appeared on search engine results pages, new figures show.
