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 News
- Friday Closing Market: FTSE 100 in biggest weekly fall for six years
Fri, 05 Sep 2008 17:09:23 GMT
The blue chip index fell for a fifth day as US jobs data added to economic woes.
- Retailers poised to reveal extent of the downturn
Fri, 05 Sep 2008 15:39:25 GMT
A flurry of earnings in the retail sector next week is set to show just how resilent UK consumer demand is.
- Green investing in the US
Fri, 05 Sep 2008 14:35:10 GMT
Jupiter Ecology Fund manager Charlie Thomas says opportunities are emerging for green investors in the US as environmental issues force themselves into the political mainstream.
- Taking the strain out of finding a solicitor
Fri, 05 Sep 2008 13:00:00 GMT
Finding a solicitor to handle a property transaction has just got easier. Yorkshire Building Society's conveyancing comparison service ? previously available only to its customers ? allows anyone to get an online quotation from a network of solicitors.
- Bank rally comes to an abrupt halt
Fri, 05 Sep 2008 12:59:03 GMT
UK banking stocks fall having rallied since July, and analysts say a sustained recovery is a long way off.
London Stock Exchange News
- US unemployment figures 'reach five-year high'
Fri, 05 Sep 2008 05:49:06 +0100
Unexpected job cuts in the US have led to a five-year high in unemployment rates, according to new figures.
- Regional office property offers 'advantages'
Fri, 05 Sep 2008 05:36:00 +0100
Regional property offices outside the south-east and London are experiencing higher yields and more stable occupancy rates, a study has revealed.
- Pensions advice cost 'justified'
Fri, 05 Sep 2008 05:33:19 +0100
The cost involved in seeking pension advice when considering switching schemes is wholly justified for the projected benefits, one expert has claimed.
- Adults still borrowing from bank of mum and dad
Fri, 05 Sep 2008 05:30:22 +0100
Parents spend around £233 billion supporting their children's financial goals and often pass over their own aspirations to do so, research has suggested.
- Bank stocks slide as interest rates held
Fri, 05 Sep 2008 05:28:32 +0100
As the Bank of England revealed that interest rates remain unchanged, bank stocks slid and contributed to a 2.5 per cent drop felt in the FTSE 100.
BBC Business News
- US jobless rate near 5-year high
Fri, 05 Sep 2008 20:49:04 GMT
The US economy sheds 84,000 jobs last month, more than expected, raising the jobless rate to a near five-year high.
- Nokia expects market share loss
Fri, 05 Sep 2008 20:38:39 GMT
Nokia lowers its predicted market share for the third quarter, sending its shares plummeting.
- US lifts some Belarus sanctions
Fri, 05 Sep 2008 18:41:15 GMT
Some sanctions imposed by the US on firms working with Belarussian companies are lifted, US officials announce.
- Global economy woes shake markets
Fri, 05 Sep 2008 18:34:31 GMT
Worsening US job figures heighten fears of a global economic slowdown - undermining stock markets around the world.
- Russian invasion spooks investors
Fri, 05 Sep 2008 15:17:01 GMT
Russia's stock market loses more than 30% of its value as foreign investors pull out after the country's intervention in Georgia.
BBC News
- Angola parties demand fresh polls
Fri, 05 Sep 2008 20:49:49 GMT
Opposition parties in Angola call for fresh elections because of polling station confusion.
- Winds and rain battering Britain
Fri, 05 Sep 2008 20:38:50 GMT
Flood warnings are in place in Wales and parts of England as heavy rain sweeps across the country.
- NI fans beaten by 'security men'
Fri, 05 Sep 2008 20:19:53 GMT
Two Northern Ireland soccer fans are knocked unconscious by baton-wielding security men in Slovakia
- Mikey takes on Rachel in BB final
Fri, 05 Sep 2008 20:09:27 GMT
Darnell Swallow, Rex Newmark and Sara Folino are voted out of Big Brother with the 100,000 winner to be announced later.
- Rice talks with Libya's Gaddafi
Fri, 05 Sep 2008 20:04:14 GMT
Condoleezza Rice meets Col Gaddafi in Libya in the latest step towards improving relations between the former enemies.
Mortgage News
- Accord scraps products within 24 hours
Fri, 5 Sep 2008 17:39:43 GMT
Accord has pulled its prime existing borrower transfer range within 24 hours of it launching, blaming unforeseen circumstances.
- GMAC cuts 5,000 jobs in USA
Fri, 5 Sep 2008 16:05:38 GMT
GMAC, parent company of GMAC-RFC, is cutting 5,000 jobs from its ResCap business and closing 200 branches in the US.
- Harpenden chairman retires
Fri, 5 Sep 2008 15:54:53 GMT
Roger Smith, chairman of Harpenden has retired, with vice chairman Michael Willis taking his place at the mutual.
- Trigold to hold training days
Fri, 5 Sep 2008 14:12:20 GMT
Trigold is embarking on six new dates for its broker Business Academy events.
- RBSIP launches new rates
Fri, 5 Sep 2008 11:21:09 GMT
RBS Intermediary Partners is rolling out rates on a number of its fixed rate and tracker mortgages from September 6.
