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
- 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.
- GAM launches systematic trading fund of hedge funds
Fri, 05 Sep 2008 13:09:50 GMT
GAM has broadened the investment reach of its systematic trading fund of hedge funds.
- 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.
- Africa is rising out of economic instability says Investec
Fri, 05 Sep 2008 12:56:37 GMT
Vast improvements in sovereign governance coupled with a multitude of rich resources is propelling Africa out of its former position as a forgotten continent says Investec Asset Management's chief executive officer Hendrik du Toit.
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.
BBC Business News
- 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.
- US jobless rate near 5-year high
Fri, 05 Sep 2008 15:58:26 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 15:57:08 GMT
Nokia lowers its predicted market share for the third quarter, sending its shares plummeting.
- 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
- Flood chaos hits homes and roads
Fri, 05 Sep 2008 19:29:33 GMT
Emergency teams are called to hundreds of flooding incidents in homes and roads across south and west Wales.
- Housemate Swallow out of BB final
Fri, 05 Sep 2008 19:24:19 GMT
Housemate Darnell Swallow is evicted from the Big Brother house with the reality show's 100,000 winner to be announced later.
- MoD names soldier killed by blast
Fri, 05 Sep 2008 19:14:02 GMT
A British soldier killed in an explosion while on patrol in southern Afghanistan is named by the Ministry of Defence.
- Winds and rain battering Britain
Fri, 05 Sep 2008 18:35:49 GMT
Flood warnings are in place in Wales and parts of England as heavy rain sweeps across the country.
