News and comment
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Citywire Investment News
- Shop prices fall their fastest for years
Wed, 07 Jan 2009 10:56:59 GMT
The prices for non-food goods fell at their fastest rate for two years as retailers made huge reductions to draw in shoppers.
- Dexion Absolute must deliver on tender price next week to survive
Wed, 07 Jan 2009 10:48:08 GMT
Analysts believe that Dexion Absolute must offer good terms ot investors in its redemption offer next week to avoid shareholder action to force a wind-up of the trust.
- Car sales plummet by a fifth in December
Wed, 07 Jan 2009 10:14:11 GMT
New registrations fall to lowest level since 1996 as downturn hits sales.
- Cattles cuts lending and 1,000 jobs
Wed, 07 Jan 2009 10:07:18 GMT
Doorstep lender Cattles has announced plans to reduce lending by 75% and says it will shrink its payroll by 1,000 as the group moves to reassure lenders about its prospects.
- BP falls as Q4 estimates seen falling
Wed, 07 Jan 2009 09:30:56 GMT
BP shares were hit in opening deals by talk the oil major has been advising analysts to trim their fourth quarter forecasts.
Citywire News
- Morning Line: Price hike ?shock? on the horizon after the sales bonanza?
Wed, 07 Jan 2009 10:58:39 GMT
The UK may be about to again discover that a falling pound isn?t all good news.
- Shop prices fall their fastest for years
Wed, 07 Jan 2009 10:56:59 GMT
The prices for non-food goods fell at their fastest rate for two years as retailers made huge reductions to draw in shoppers.
- Icelandic government drops plans to sue UK
Wed, 07 Jan 2009 10:27:47 GMT
The Icelandic government has dropped plans to sue the UK for freezing Landsbanki?s assets but will bankroll a legal challenge from Kaupthing.
- Car sales plummet by a fifth in December
Wed, 07 Jan 2009 10:14:11 GMT
New registrations fall to lowest level since 1996 as downturn hits sales.
- Cattles cuts lending and 1,000 jobs
Wed, 07 Jan 2009 10:07:18 GMT
Doorstep lender Cattles has announced plans to reduce lending by 75% and says it will shrink its payroll by 1,000 as the group moves to reassure lenders about its prospects.
FT.com - Financial Markets News
- Satyam admission weighs on Indian shares
Wed, 7 Jan 2009 10:02:36 +0000
Satyam shares plunged by around 80 per cent in Mumbai after its chairman confessed to fixing the IT outsourcing company's books for the past "several" years despite a broader Asia Pacific rally to two-month highs
- Scottish Southern leads FTSE lower
Wed, 7 Jan 2009 08:52:42 +0000
Weakening resource stocks ended the six-session rally on London's equities market on Wednesday, but there was support for shares in Marks Spencer after the retailer avoided issuing a profit warning alongside its Christmas trading update.
- Fund managers fight tougher disclosure rules
Wed, 7 Jan 2009 06:30:16 +0000
Three associations representing fund managers in Australia, the UK and US have joined forces to warn that their industry would be damaged if market regulators publish detailed information on short-selling trading positions
- Euro weakens as prices plunge
Tue, 6 Jan 2009 22:45:36 +0000
The euro fell to three-week lows against the dollar and sterling on Tuesday as plummeting eurozone inflation raised expectations that the European Central Bank was set to cut interest rates in the region.
- US stocks shrug off glum data
Tue, 6 Jan 2009 22:43:09 +0000
Traditionally defensive stocks escaped a modest rally on Wall Street as investors shrugged off more glum economic data and dipped their toes into riskier sectors
BBC News
- Thousands face further rail chaos
Wed, 07 Jan 2009 10:56:45 GMT
Thousands of rail passengers face long delays after a power failure stops all trains in to and out of London Euston.
- Brown urged to 'condemn' Israel
Wed, 07 Jan 2009 10:46:54 GMT
Gordon Brown must "unambiguously condemn" Israel's actions in Gaza, Lib Dem leader Nick Clegg says.
- India IT boss quits over scandal
Wed, 07 Jan 2009 10:44:29 GMT
The boss of Satyam, India's fourth-biggest software firm, resigns after admitting to irregularities in its accounts.
- MS to close stores and cut jobs
Wed, 07 Jan 2009 10:42:04 GMT
Marks and Spencer says it plans to close 25 Simply Food stores and two of its regular stores, and cut 1,230 jobs.
- Cambodia marks Khmer Rouge fall
Wed, 07 Jan 2009 10:39:28 GMT
Thousands of Cambodians pack a stadium to mark 30 years since the fall of the Khmer Rouge.
Mortgage News
- Pilot system launches to help brokers with TCF
Wed, 7 Jan 2009 10:07:33 GMT
Competent Adviser has teamed up with software firm FinQS to launch a pilot system to help brokers prepare for visits from the Financial Services Authority.
- Savills Lending Solutions teams up with Tiuta
Tue, 6 Jan 2009 17:05:30 GMT
- Yorkshire Bank offers fees-free remortgage deal
Tue, 6 Jan 2009 15:49:01 GMT
Yorkshire Bank has launched a fees-free remortgage deal meaning savings for borrowers of up to £999.
- SHIP members predict boom in drawdown business
Tue, 6 Jan 2009 11:41:39 GMT
Many equity release providers are predicting that drawdown business will account for 70% of the equity release market by 2010, research from Safe Home Income Plans shows.
- Bluefin brand launches with backing from AXA
Tue, 6 Jan 2009 11:09:21 GMT
A group of financial services firms have come together with backing from AXA to launch under a single brand called Bluefin.