News and comment
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Citywire Investment News
- Lloyds to cut 900 jobs
Tue, 07 Feb 2012 13:56:29 Z
Part-nationalised Lloyds Banking Group is to cut 900 jobs - part of wider plans unveiled last year to cull 15,000 posts across the company.
- Why it's too soon to call the end of treasuries' bull run
Tue, 07 Feb 2012 13:55:24 Z
Risk assets have got off to a good start this year but strategists are sceptical about calling time on treasuries' bull run with so much uncertainty remaining in the global economy.
- Skandia drops Aviva Investors from Best Ideas after job cuts
Tue, 07 Feb 2012 13:53:29 Z
Skandia Investment Group has removed Aviva Investors? manager Julius Lipner from running money for its Skandia UK Strategic Best Ideas fund, following the strategic review of the firm.
- The Polar Cap tech team's take on Facebook hype
Tue, 07 Feb 2012 13:48:50 Z
Polar Capital?s Nick Evans and Ben Rogoff believe a successful Facebook floatation will act as a positive catalyst for other social media related stocks, particularly LinkedIn and Chinese company Sina.
- Hufton resigns from embattled Sloane Robinson Europe trust
Tue, 07 Feb 2012 13:24:42 Z
Michael Hufton has resigned from Sloane Robinson Europe, the investment trust which last week was tipped to offer investors a wind up or cash exit on the back of redemptions and poor performance.
FT.com - Financial Markets News
- Resource suitors lead FTSE 100 lower
Tue, 07 Feb 2012 21:07:21 GMT
Xstrata and Glencore shares fall after confirmation of merger terms while the wider market is in stasis, waiting for clarity from Athens
- US banks snap up bundled mortgage products
Tue, 07 Feb 2012 20:07:16 GMT
Banks increased their holdings of collateralised mortgage obligations by $82bn in the first nine months of 2011 spurred by low interest rates
- Regulatory fears weigh on money market managers
Tue, 07 Feb 2012 19:58:32 GMT
Asset managers sold off on Tuesday on reports the SEC was close to completing plans for the regulation of the US money-market fund industry
- Stocks rise despite Greek debt worries
Tue, 07 Feb 2012 19:53:24 GMT
Investors are torn between fears of Greek default and hopes for global economic recovery
- Avoiding EM economies is the biggest gamble of all
Tue, 07 Feb 2012 19:32:55 GMT
The most likely path for unwinding global imbalances is through appreciation of emerging market currencies, writes Jerome Booth
Citywire News
- FTSE wavers as ?Glenstrata? deal weighs on miners
Tue, 07 Feb 2012 17:21:48 Z
Britain?s benchmark index dragged down by miners as opposition to the merger of commodities giant Glencore and miner Xstrata mounts.
- The ship be sinking: a portent of economic doom
Tue, 07 Feb 2012 16:51:48 Z
A downturn in the 'Baltic Dry Index' may not cast the same pall it used to, but a 25-year low is worrying nonetheless.
- QA: how to complain about your bank
Tue, 07 Feb 2012 14:05:03 Z
If you're unhappy with your bank or another financial services provider, check out our quick guide to filing a formal complaint.
- From Norway to Greece... government bonds ranked by safety
Tue, 07 Feb 2012 12:42:38 Z
Is France a better bet than Japan? Do you dare touch Thailand? Asset manager compares 44 governments? bonds.
- Savings rates rise as ISA battle begins
Tue, 07 Feb 2012 12:33:50 Z
The average interest rate on the top cash ISAs has risen to 3.03% compared to 2.83% this time last year.
BBC News
- Gulf states fuel Syria isolation
Tue, 07 Feb 2012 20:51:12 GMT
Gulf Arab states expel Syria's ambassadors, accusing Damascus of shunning Arab efforts to end months of bloodshed, as Russian officials visit President Assad.
- Euro 'could survive Greece exit'
Tue, 07 Feb 2012 20:42:09 GMT
Pressure is rising as Greece's government once more postponed a crucial meeting to agree tough reforms, as Europe's leaders openly discuss Greece leaving the euro.
- Bonuses row 'threatens business'
Tue, 07 Feb 2012 20:40:28 GMT
George Osborne promises to fight an "anti-business culture", warning that the row over bonuses and pay threatens to undermine jobs and prosperity.
- UK temperatures set to reach -15C
Tue, 07 Feb 2012 20:02:34 GMT
The UK is braced for its coldest night yet this winter as temperatures in some parts of England could reach as low as -15C.
- Contador says ban an 'injustice'
Tue, 07 Feb 2012 20:00:52 GMT
Alberto Contador says his two-year ban for failing a drugs test is a 'terrible injustice'.