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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
- Standard plans £100m savings drive but cannot confirm jobs are safe
Wed, 10 Mar 2010 11:58:13 GMT
(Updated) David Nish, chief executive of Standard Life, said greater use of technology would cut costs but could not confirm there would be no job losses.
- Standard Life Investments hits record assets after 67% jump in third party inflows
Wed, 10 Mar 2010 11:31:09 GMT
Standard Life Investments continued to show strong growth across a range of international markets, posting a 67% increase in third party net inflows in 2009. ,
- Weak manufacturing data throws doubt on pace of the recovery
Wed, 10 Mar 2010 11:26:40 GMT
A shock fall in manufacturing data put yet more pressure on the pound.
- FC posts £8.7m profit as outflows fall to 2004 levels
Wed, 10 Mar 2010 11:11:20 GMT
The asset manager registers a healthy profit as institutional outflows fall to their lowest level since 2004.
- UBS launches 69 ETCs on London market
Wed, 10 Mar 2010 11:06:52 GMT
In a strong sign that London is becoming a top destination for exchange trade commodities and exhange traded funds providers, the Swiss investment bank lists 69 ETCs on the LSE.
Citywire News
- Ten years after the tech bubble burst, the sector now looks cheap
Wed, 10 Mar 2010 12:07:57 GMT
Tech is still only trading on a multiple of 1.1x the market - despite an anticipated MA boom as the new cycle of technology kicks in.
- The economy is not yet out of danger, Gordon Brown warns
Wed, 10 Mar 2010 11:49:21 GMT
You can trust me, prime minister says, as he unveils a pay freeze for doctors, dentists, and hospital consultants.
- Weak manufacturing data throws doubt on pace of the recovery
Wed, 10 Mar 2010 11:26:40 GMT
A shock fall in manufacturing data put yet more pressure on the pound.
- Consumer groups attack delay to reform of PPI market
Wed, 10 Mar 2010 10:36:31 GMT
Consumer bodies urge Financial Services Authority to push ahead with reform of PPI after it announces a further six week consultation period.
- Market Update: Unexpected fall in industrial production halts early advance
Wed, 10 Mar 2010 10:05:02 GMT
Banks and miners continue to lend support and Tullett Prebon surge after confirming a bid approach.
BBC Business News
- Cardiff given time over tax bill
Wed, 10 Mar 2010 11:57:52 GMT
Cardiff City are given eight more weeks by the High Court to settle an outstanding tax bill.
- Economic storm not over, says PM
Wed, 10 Mar 2010 11:54:54 GMT
Gordon Brown warns of economic storms ahead but vows not to "let you down" as the date of the Budget is announced.
- EMI name ex-ITV chief as chairman
Wed, 10 Mar 2010 11:53:35 GMT
Troubled record company EMI - whose artists include Coldplay - has named former ITV boss Charles Allen as its new chairman.
- Top public servants' pay frozen
Wed, 10 Mar 2010 11:52:08 GMT
Thousands of top-earning public sector workers, including judges and NHS managers, will have their pay frozen next year.
- BA strike action talks under way
Wed, 10 Mar 2010 11:48:58 GMT
Talks aimed at averting strike action by BA cabin crew have resumed at the TUC, after a deadline was extended.
BBC News
- Iran attacks US over Afghanistan
Wed, 10 Mar 2010 12:08:38 GMT
Iranian President Mahmoud Ahmadinejad says it is the US, not Tehran, that is playing a "double game" in Afghanistan.
- More schools fail Ofsted checks
Wed, 10 Mar 2010 12:05:40 GMT
More schools in England are being judged as inadequate in Ofsted's new-style inspections, according to figures just released.
- Economic storm not over, says PM
Wed, 10 Mar 2010 11:54:54 GMT
Gordon Brown warns of economic storms ahead but vows not to "let you down" as the date of the Budget is announced.
- Top public servants' pay frozen
Wed, 10 Mar 2010 11:52:08 GMT
Thousands of top-earning public sector workers, including judges and NHS managers, will have their pay frozen next year.
- Jerusalem row clouds Biden visit
Wed, 10 Mar 2010 11:50:16 GMT
The US Vice-President meets the Palestinian leadership, after Israeli plans for more homes in East Jerusalem are announced.
