News and comment
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This service is regularly updated to bring you news of important developments in financial matters as well as UK and Worldwide news.
Citywire Investment News
- James Montier: The 'Austerians' will destroy the recovery and usher in deflation
Fri, 30 Jul 2010 13:33:04 +0100
The 'Austerians' could destroy an economic recovery and increase the likelihood of deflation, warns influential investor James Montier.
- Saints hikes divi and expects shareholder payouts to rise
Fri, 30 Jul 2010 13:10:40 +0100
Manager of the Baillie Gifford trust Patrick Edwardson says as the global economic recovery picks up, so too will company profits and their payouts to shareholders.
- Exeter IFA firm strikes outsourcing deal with Brooks Macdonald
Fri, 30 Jul 2010 12:54:27 +0100
RK Shipman has entered into an agreement with Brooks Macdonald for the London based asset manager to run its clients' money.
- Push start from Fidelity helped Ocado get its flotation away
Fri, 30 Jul 2010 11:56:34 +0100
Ocado had to rely on existing shareholders - and fund management group Fidelity in particular - to get its recent stock market flotation away.
FT.com - Financial Markets News
- Investors drop risk after US GDP data
Fri, 30 Jul 2010 21:43:20 GMT
Global Markets Overview: The FTSE All-World index is down 0.5% following a lower-than-forecast GDP growth report for the US, and the yen and short-term US Treasuries are seeing record demand
- BP move forces trusts to reduce returns
Fri, 30 Jul 2010 21:34:58 GMT
Investment trusts are being forced to cut pay-outs or dip into their reserves to fill the hole left by the suspension of BP?s dividend
- Coffee surges on poor Colombian harvests
Fri, 30 Jul 2010 21:27:38 GMT
Coffee prices hit their highest level in 12 years on the back of low availability of premium Arabica coffee j
- Weak growth weighs on dollar
Fri, 30 Jul 2010 21:22:47 GMT
The dollar fell below Y86 for the first time in eight months on Friday as mounting concerns about the US economy led to broader weakness for the greenback
BBC Business News
- Interns are 'entitled to be paid'
Fri, 30 Jul 2010 23:00:34 +0000
Many young people working free as interns may legally be entitled to pay, a report says.
- Millions face repaying tax credit
Fri, 30 Jul 2010 23:00:09 +0000
Parents groups are warning many more people will be asked to pay back some of the tax credits they are awarded.
- Sale of EDF's UK networks agreed
Fri, 30 Jul 2010 22:21:50 +0000
A consortium headed by Hong Kong billionaire Li Ka-Shing has agreed a deal to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
- Northwest agrees to pay $38m fine
Fri, 30 Jul 2010 19:45:44 +0000
Northwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says.
BBC News
- No assault charge for ex-VP Gore
Sat, 31 Jul 2010 00:11:01 +0000
Former US Vice President Al Gore will not face charges over claims he assaulted a masseuse in an Oregon hotel room in 2006.
- Concern over rape medic shortage
Sat, 31 Jul 2010 00:03:26 +0000
A lack of specialist medics to care for rape victims could be hampering conviction rates, doctors believe.
- Wikileaks denies 'blood on hands'
Fri, 30 Jul 2010 23:04:47 +0000
The founder of Wikileaks rejects US claims he has blood on his hands after releasing leaked documents on the Afghan war.
- Interns are 'entitled to be paid'
Fri, 30 Jul 2010 23:00:34 +0000
Many young people working free as interns may legally be entitled to pay, a report says.
