News and comment
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updated to bring you news of important developments in financial matters.
Citywire Investment News
- 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.
- Ignis launches UK Enhanced income fund
Thu, 29 Jul 2010 10:59:31 +0100
Ignis Asset Management has soft launched a second Ucits III fund using a covered call strategy to boost income returns.
BBC Business News
- California in 'fiscal emergency'
Thu, 29 Jul 2010 10:49:33 +0000
California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.
- Greek police clash with hauliers
Thu, 29 Jul 2010 10:48:31 +0000
Greek police fire tear gas to disperse hundreds of lorry drivers protesting in Athens against a government order to end their strike.
- House price inflation eases again
Thu, 29 Jul 2010 10:35:08 +0000
UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.
- Results boost AstraZeneca shares
Thu, 29 Jul 2010 10:32:08 +0000
Shares in AstraZeneca rise more than 4% after the drug company reports a rise in profits after strong sales of key drugs.
Citywire News
- Shell profits nearly double
Thu, 29 Jul 2010 07:43:20 +0100
(Update) Anglo-Dutch oil giant Royal Dutch Shell said its profits had soared 94% in the second quarter thanks to oil price rises, production increases and cost-cutting.
BBC News
- Fixed retirement age to be axed
Thu, 29 Jul 2010 10:59:50 +0000
People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.
- Agency clear of 'cultural' claims
Thu, 29 Jul 2010 10:51:56 +0000
An inquiry into claims of 'racial prejudice' at a Cardiff UK Border Agency office finds all but one claim was "unsubstantiated".
- Child-free by choice
Thu, 29 Jul 2010 10:50:59 +0000
One in five UK women will not have children, often by choice. So why do others think it's OK to question this decision?
- California in 'fiscal emergency'
Thu, 29 Jul 2010 10:49:33 +0000
California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.
FT.com - Financial Markets News
- Dollar pressured by US economic outlook
Thu, 29 Jul 2010 10:50:58 GMT
The Federal Reserve?s cautious outlook for the world?s biggest economy sends the dollar to a three-month low on a trade-weighted basis, as further fragile data adds to concern
- Stocks struggle to hold gains after Fed caution
Thu, 29 Jul 2010 09:40:40 GMT
Global Markets Overview: Risky assets are fighting to hold their level after a cautious but overall positive assessment of the US economy by the Federal Reserve
- Patchy US recovery weighs on Asia
Thu, 29 Jul 2010 05:28:41 GMT
Mixed data on June durable goods orders and a downbeat Fed take on the economy are the latest in a string of lacklustre indicators to suggest that the momentum of the US economic recovery is slowing
FT.com - Equities
- Patchy US recovery weighs on Asia
Thu, 29 Jul 2010 06:28:41 +0100
Mixed data on June durable goods orders and a downbeat Fed take on the economy are the latest in a string of lacklustre indicators to suggest that the momentum of the US economic recovery is slowing
- Bearish forecasts end six-day positive run
Wed, 28 Jul 2010 19:56:59 +0100
Weakness in energy stocks and a late sell-off in the banking sector bring an end to a run of six consecutive positive sessions for the benchmark index