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
- US Government takes control of $5 trillion crisis-hit mortgage giants
Mon, 08 Sep 2008 00:01:00 GMT
The US Government is to take control of Freddie Mae and Fannie Mac, the two institutions responsible for half of the nation's mortgage market.
- The Daily Interview:Eclectica's Hendry-steer clear of financials for 20 years
Mon, 08 Sep 2008 00:01:00 GMT
Electica?s Hugh Hendry remains zero-weighted to financial stocks across all three of his funds as he believes the sector has just come to the end of a twenty year super cycle.
- SocGen plans launch of two emerging market funds
Mon, 08 Sep 2008 00:01:00 GMT
Société Générale is tapping further into the emerging market and frontier sectors with the launch of two new funds in its SGAM Ucits III fund range.
- Nationwide confirms Cheshire, Derbyshire takeover plan
Mon, 08 Sep 2008 00:01:00 GMT
Nationwide is emerging as a winner from the credit crunch announcing that it is swooping on smaller rivals Cheshire Building Society and Derbyshire Building Society
- Bob Micheals to leave Schroders for JPMorgan
Mon, 08 Sep 2008 00:01:00 GMT
Veteran fixed income manager Bob Michele hands fund over to Nick Garside.
Citywire News
- US Government takes control of $5 trillion crisis-hit mortgage giants
Mon, 08 Sep 2008 00:01:00 GMT
The US Government is to take control of Freddie Mae and Fannie Mac, the two institutions responsible for half of the nation's mortgage market.
- The Daily Interview:Eclectica's Hendry-steer clear of financials for 20 years
Mon, 08 Sep 2008 00:01:00 GMT
Electica?s Hugh Hendry remains zero-weighted to financial stocks across all three of his funds as he believes the sector has just come to the end of a twenty year super cycle.
- Nationwide confirms Cheshire, Derbyshire takeover plan
Mon, 08 Sep 2008 00:01:00 GMT
Nationwide is emerging as a winner from the credit crunch announcing that it is swooping on smaller rivals Cheshire Building Society and Derbyshire Building Society
- Hard facts put mortgage market into perspective
Mon, 08 Sep 2008 00:01:00 GMT
The gap between perception and reality is delaying a mortgage market revival. Much depends on repairing first-time buyers? confidence.
- Sunday Papers: US Treasury to announce rescue of Fannie Freddie -- other news
Sun, 07 Sep 2008 10:55:00 GMT
HBOS chief Andy Hornby warns economic squeeze would continue until house prices in US recover in 2010.
BBC Business News
- One in four 'facing fuel poverty'
Mon, 08 Sep 2008 00:20:35 GMT
Almost a quarter of the population will be pushed into fuel poverty by the end of next year as prices rise, a report suggests.
- US takes over key mortgage firms
Sun, 07 Sep 2008 20:42:56 GMT
President Bush says the US is taking over two mortgage giants because they posed "an unacceptable risk" to the economy.
- Tax rich at higher rate, says TUC
Sun, 07 Sep 2008 16:41:44 GMT
People earning more than 100,000 a year should pay higher tax rates, the Trades Union Congress says.
- Nationwide in talks over mergers
Sun, 07 Sep 2008 16:29:35 GMT
The Nationwide Building Society is in merger talks with two smaller rivals, the Derbyshire and Cheshire Building Societies.
- US Boeing workers strike over pay
Sun, 07 Sep 2008 10:02:52 GMT
Workers at the world's biggest aircraft manufacturer, Boeing, go on strike in the US.
London Stock Exchange News
- US unemployment figures 'reach five-year high'
Fri, 05 Sep 2008 05:49:06 +0100
Unexpected job cuts in the US have led to a five-year high in unemployment rates, according to new figures.
- Regional office property offers 'advantages'
Fri, 05 Sep 2008 05:36:00 +0100
Regional property offices outside the south-east and London are experiencing higher yields and more stable occupancy rates, a study has revealed.
- Pensions advice cost 'justified'
Fri, 05 Sep 2008 05:33:19 +0100
The cost involved in seeking pension advice when considering switching schemes is wholly justified for the projected benefits, one expert has claimed.
- Adults still borrowing from bank of mum and dad
Fri, 05 Sep 2008 05:30:22 +0100
Parents spend around £233 billion supporting their children's financial goals and often pass over their own aspirations to do so, research has suggested.
- Bank stocks slide as interest rates held
Fri, 05 Sep 2008 05:28:32 +0100
As the Bank of England revealed that interest rates remain unchanged, bank stocks slid and contributed to a 2.5 per cent drop felt in the FTSE 100.
BBC News
- Hurricane Ike set to batter Cuba
Mon, 08 Sep 2008 01:29:00 GMT
Mass evacuations have taken place in Cuba as the devastating Hurricane Ike bears down on the Caribbean island.
- Veterans' mental care condemned
Mon, 08 Sep 2008 01:27:28 GMT
Britain is facing a "timebomb" of mental health problems among Iraq and Afghanistan veterans, former SAS soldier Andy McNab says.
- Live text - Serena v Jankovic
Mon, 08 Sep 2008 01:06:06 GMT
Former champion Serena Williams takes on second seed Jelena Jankovic in the US Open final.
- Key wins for Hong Kong opposition
Mon, 08 Sep 2008 00:45:22 GMT
Hong Kong's pro-democracy camp wins enough seats in legislative elections to retain key powers of veto, say reports.
- One in four 'facing fuel poverty'
Mon, 08 Sep 2008 00:20:35 GMT
Almost a quarter of the population will be pushed into fuel poverty by the end of next year as prices rise, a report suggests.
