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
- Ex-Cazenove partner convicted of insider dealing
Wed, 10 Mar 2010 17:07:35 GMT
Malcolm Calvert has been found guilty on five counts of insider dealing and fined £56k
- FSA: four risks for advisers in run-up to RDR
Wed, 10 Mar 2010 15:40:44 GMT
The Financial Services Authority has highlighted four areas, including quality of advice and governance, it says advisers should focus on during the upheaval of the next two years.
- High Court orders wind-up of Cru Investment Management
Wed, 10 Mar 2010 15:38:50 GMT
The High Court has ordered the winding-up of Cru Investment Management, which marketed the six Arch Cru funds.
- Bramdean Alternatives proposes pure private equity remit
Wed, 10 Mar 2010 14:42:29 GMT
The board of Bramdean Alternatives is proposing to change the trust's name to Aberdeen Private Equity and to give it a pure private equity fund investment remit
BBC Business News
- Banks face harsher stress tests
Wed, 10 Mar 2010 18:04:24 GMT
Further stress-testing of UK banks will take place to ensure they can survive a 'double-dip' recession, regulators say.
- British Gas faces strike ballot
Wed, 10 Mar 2010 17:55:33 GMT
British Gas workers are to vote in a strike ballot over allegations of bullying by management, and on changes to working conditions.
- BA strike action talks continuing
Wed, 10 Mar 2010 17:36:55 GMT
Talks aimed at averting strike action by BA cabin crew are continuing at the TUC, after a deadline was extended.
- Pompey axe 85 jobs to cut costs
Wed, 10 Mar 2010 17:29:42 GMT
Administrators at Portsmouth FC start to make employees redundant, with 85 people losing their jobs.
FT.com - Financial Markets News
- Indian harvest hopes sink sugar prices
Wed, 10 Mar 2010 18:35:16 GMT
Sugar prices tumbled on Wednesday but crude oil prices breached the $83-a-barrel mark following the latest US weekly inventories data
- Wall Street rises on bank deal speculation
Wed, 10 Mar 2010 18:12:14 GMT
US stocks posted decent gains as they marked the 10-year anniversary of the Nasdaq?s peak. However, following a series of rises over previous sessions, markets lacked a positive driver to send them higher
- Weak output puts pressure on sterling
Wed, 10 Mar 2010 17:17:34 GMT
Sterling comes under renewed pressure after disappointing production data adds to lingering concerns over the UK?s economic recovery
- Footsie climbs to 21-month high
Wed, 10 Mar 2010 17:12:54 GMT
Tullett Prebon raced to the top of the mid-cap FTSE 250 index on Wednesday, while Barrett was also boosted on the back of bid speculation
Citywire Money, Tax and Property
- Online banking fraud up by 14% amid wave of 'phishing' attacks
Wed, 10 Mar 2010 14:01:33 GMT
Online banking fraud rose by 14% to £60m in 2009, while card fraud dropped for the first time in three years.
- 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.
- 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.
- Euro equities face long debt struggle in wake of Greek crisis
Wed, 10 Mar 2010 10:01:00 GMT
Economists warn that austerity measures in the PIIGS will result in a protracted period of low growth.
BBC News
- Body found in missing mother hunt
Wed, 10 Mar 2010 18:33:53 GMT
Police searching for a Dundee mother-of-three who went missing two weeks ago believe they have found her body.
- Kidnapped boy's father back in UK
Wed, 10 Mar 2010 18:18:47 GMT
The father of a British boy kidnapped in Pakistan has returned home against police wishes, the BBC learns.
- Scientists to review climate body
Wed, 10 Mar 2010 18:15:37 GMT
The UN Secretary-General asks the world's leading science academies to review the UN's climate science body.
- Berezovsky wins poison libel case
Wed, 10 Mar 2010 18:15:16 GMT
Oligarch Boris Berezovsky wins his libel case over claims he was behind the murder of Alexander Litvinenko.
