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
- 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).
- FSA brings advisers and wealth managers under remuneration code
Thu, 29 Jul 2010 11:20:41 +0100
The Financial Services Authority (FSA) is proposing to widen the application of its remuneration code to investment and financial advice firms, forcing advisers to defer 40% of any bonuses for three years.
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.
- '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.
- House prices: the areas where it is cheaper to buy than rent
Wed, 21 Jul 2010 14:08:22 +0100
A new survey reveals the places where it is cheaper to buy a home than rent one, provided you can get the mortgage.
BBC Business News
- House price inflation eases again
Thu, 29 Jul 2010 13:12:47 +0000
UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.
- China agrees Guinea mining deal
Thu, 29 Jul 2010 13:02:00 +0000
Mining giant Rio Tinto completes a deal with Chinese firm Chalco to enter a joint venture in West Africa.
- Scottish review warns of job cuts
Thu, 29 Jul 2010 12:49:37 +0000
Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.
- BT profit up despite revenue fall
Thu, 29 Jul 2010 12:38:36 +0000
BT reports what it describes as "acceptable" quarterly results, with profits sharply higher despite a fall in revenue.
BBC News
- Churchill's teeth fetch £15,200
Thu, 29 Jul 2010 13:30:48 +0000
A partial set of false teeth made for Sir Winston Churchill are sold at auction in Norfolk for £15,200.
- Vicar guilty of sham wedding scam
Thu, 29 Jul 2010 13:27:46 +0000
A Sussex vicar is found guilty of carrying out hundreds of sham marriages over four years to bypass immigration law.
- Second missing US sailor 'dead'
Thu, 29 Jul 2010 13:22:36 +0000
Jarod Newlove, the second of two US servicemen who went missing in Afghanistan last week, is found dead, officials say.
- Car 'surrounded by bonfire mob'
Thu, 29 Jul 2010 13:20:02 +0000
A man charged in connection with an alleged hit-and-run at an "Eleventh Night" bonfire feared he would be murdered, a court hears.
