News and comment
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Citywire Investment News
- Citigroup considering asset sale to halt share slide
Fri, 21 Nov 2008 15:16:57 GMT
Banking giant sees shares rise on sale talk after difficult week.
- Centrica shareholders back British Energy purchase
Fri, 21 Nov 2008 13:58:59 GMT
Deal to raise capital for acquisition of nuclear power firm approved by overwhelming majority.
- Friday Midday market: Recouping some lost ground
Fri, 21 Nov 2008 12:45:51 GMT
UK shares were retracing some of the ground lost yesterday with the Dow set to bounce from five year lows.
- 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 in UK funds overhaul
Fri, 21 Nov 2008 12:17:15 GMT
New Star Asset Management joint chief investment officer Stephen Whittaker has left the firm as part of a significant restructure of its UK equity desk.
Mortgage News
- Broker market remains healthy, says IMLA
Fri, 21 Nov 2008 15:18:56 GMT
The broker lending market remains healthy despite pressure across the lending market, reports the Intermediary Mortgage Lenders Association.
- Brokers particularly vulnerable to organised crime
Fri, 21 Nov 2008 15:05:40 GMT
IFAs and brokers have been recognised as particularly vulnerable to organised crime by the Serious Organised Crime Agency.
- Naive to think 100% plus LTVs will not return says economist
Fri, 21 Nov 2008 14:38:41 GMT
It would be naive to think that 100% plus LTVs will not return to the UK market says Andrew Lilico, managing director of UK consultancy firm Europe Economics.
- Mortgage products drop to five-year low
Fri, 21 Nov 2008 13:19:09 GMT
The number of live mortgage products has dropped to a level not seen since 2003, reveals data from the Trigold Product Index.
- Loans to small firms rise by almost £1bn
Fri, 21 Nov 2008 12:42:10 GMT
Lending to small businesses grew by just under £1bn for Q3, statistics from the British Bankers’ Association reveal.
BBC News
- Car bomb accused 'is a pacifist'
Fri, 21 Nov 2008 16:02:52 GMT
An NHS doctor accused of masterminding car bomb attacks in London and Glasgow is a peaceful man, his barrister tells a court.
- Park attackers to serve six years
Fri, 21 Nov 2008 15:55:40 GMT
Two boys who subjected a woman to a knife-point robbery and sex attack in a Belfast park have been ordered to serve six years.
- Teacher guilty of 'incompetence'
Fri, 21 Nov 2008 15:49:27 GMT
A primary school teacher becomes the first in Scotland to admit charges of serious professional incompetence.
- SA racist killer gets life term
Fri, 21 Nov 2008 15:44:57 GMT
A judge sentences an 19-year-old white South African to four life terms for shooting dead four black people.
- Kinnear hints at January targets
Fri, 21 Nov 2008 15:01:38 GMT
Newcastle United manager Joe Kinnear offers clues to his top transfer targets, with John Arne Riise a rumoured target, as he prepares to remain at the club into 2009.
Citywire News
- Citigroup considering asset sale to halt share slide
Fri, 21 Nov 2008 15:16:57 GMT
Banking giant sees shares rise on sale talk after difficult week.
- New Star in overhaul after reacting too slowly to market falls
Fri, 21 Nov 2008 15:12:20 GMT
Joint investment officer Stephen Whittaker will depart, while several funds are being merged, as the group confessed it had been too slow in adjusting some of its funds to declining markets.
- Centrica shareholders back British Energy purchase
Fri, 21 Nov 2008 13:58:59 GMT
Deal to raise capital for acquisition of nuclear power firm approved by overwhelming majority.
- Cold economic winds blow projects into utilities' arms
Fri, 21 Nov 2008 13:27:00 GMT
Tough credit markets mean utilities are playing a greater role in investment in wind power infrastructure as independent developers sell their projects.
- Friday Midday market: Recouping some lost ground
Fri, 21 Nov 2008 12:45:51 GMT
UK shares were retracing some of the ground lost yesterday with the Dow set to bounce from five year lows.
FT.com - Financial Markets News
- Wall Street recovers some of heavy losses
Fri, 21 Nov 2008 15:54:22 +0000
US stocks recovered some ground from the 11 year lows hit in the previous session as investors hoped for a possible rescue or merger for Citigroup that could help ease mounting concerns over the health of the financial system
- FTSE falls as defensives join the sell-off
Fri, 21 Nov 2008 15:33:41 +0000
Mining stocks helped keep the FTSE 100 off its lowest level for the year on Friday, but the benchmark index continued its decline as defensive pharmas and utilities sold off
- US petrol prices sink below $1 a gallon
Fri, 21 Nov 2008 11:36:05 +0000
US wholesale petrol prices slipped below the $1 a gallon level, as commodity markets priced in a likely demand crunch amid forecasts for a prolonged global recession
- Eurozone business activity at slowest in a decade
Fri, 21 Nov 2008 11:31:19 +0000
The eurozone's recession is deepening rapidly, with private sector activity contracting this month at the fastest rate for at least a decade, a closely watched survey has indicated
- Banks and oil lead bourses higher
Fri, 21 Nov 2008 10:48:30 +0000
European stocks bounced out of the doldrums on Friday morning with banks and commodities stocks leading the charge