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
- Shell profits nearly double
Thu, 29 Jul 2010 16:15:00 +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.
- Evershed claimed Duffield 'undermined' fund managers' confidence
Thu, 29 Jul 2010 14:24:07 +0100
Fund manager Patrick Evershed can proceed with his case claiming constructive dismissal against the now defunct New Star Asset Management.
- 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.
- SC Davies launches global multi-asset funds ahead of RDR
Thu, 29 Jul 2010 11:30:22 +0100
Boutique wealth manager SC Davies Co to launch a trio of funds ahead of the retail distribution review (RDR).
BBC Business News
- Citigroup agrees $75m fraud fine
Thu, 29 Jul 2010 20:59:05 +0000
Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.
- Jailed Enron boss requests bail
Thu, 29 Jul 2010 18:30:27 +0000
The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.
- Tehran's tactics to beat ship sanction
Thu, 29 Jul 2010 18:25:44 +0000
A look at how Iran's shipping industry stays one step ahead to minimise the impact of international sanction.
- Green shoots of recovery in Europe?
Thu, 29 Jul 2010 18:21:49 +0000
A raft of European firms have announced bumper profits, fuelling hopes that the economy is on the right track following the recession.
BBC News
- Moscow suffers 'hottest day ever'
Thu, 29 Jul 2010 22:08:23 +0000
Fires rage around Russia's capital Moscow after its hottest day on record, with temperatures reaching 39C (102F).
- Human remains found in Monaghan
Thu, 29 Jul 2010 21:40:38 +0000
Human remains are found in County Monaghan by a group searching for one of the Disappeared, Charles Armstrong.
- Arizona takes law fight to appeal
Thu, 29 Jul 2010 21:34:46 +0000
Arizona lodges an appeal against a federal court's decision to block parts of an anti-immigration law hours before it came into effect.
- Hughes confirmed as Fulham boss
Thu, 29 Jul 2010 21:34:41 +0000
Fulham confirm the appointment of Mark Hughes as their new manager, replacing Roy Hodgson.
Citywire Money, Tax and Property
- House prices: Nationwide reports first drop since February
Thu, 29 Jul 2010 08:24:53 +0100
Nationwide has reported a 0.5% drop in the price of an average UK property, adding to evidence that prices are heading lower.
- House prices rise slightly in June
Wed, 28 Jul 2010 13:07:44 +0100
Land Registry reports 0.1% rise in June following May?s slight fall. Figures come in contrast to other indices which are showing falling prices.
- Morning Line: interest rate rise or not, savers are unlikely to benefit
Mon, 26 Jul 2010 11:51:04 +0100
Seldom have economists been so divided over when interest rates will rise. But whatever happens, it is unlikely that savers will benefit.
- 'Home staging' is all the rage - but there are better ways to sell up
Sun, 25 Jul 2010 00:01:00 +0100
A booming industry in the US aims to help people sell their homes, but here, as a second property price bust looms, it's hard cash that will ultimately speak loudest.
