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


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
  • 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

  • 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.

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