News and comment
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Citywire Investment News
- Qatar National Bank to sell Ansbacher's London wealth arm
Wed, 07 Jan 2009 00:01:00 GMT
Citywire can reveal that Ansbacher, the banking group owned by Qatar National Bank(QNB), is looking for a buyer for its London and Channel Islands based wealth management operations.
- PSigma?s fund of funds manager keen to lock-in ?Santa Rally? profits
Wed, 07 Jan 2009 00:01:00 GMT
Tom Becket, PSigma's Balanced Managed fund of funds manager, remains unconvinced by the rally in the markets during the festive period.
- Interest rates set to fall again on Thursday
Wed, 07 Jan 2009 00:01:00 GMT
The majority of experts expect a 50 basis point cut this week, but other methods may soon be needed to fire the UK economy.
- Ansbacher to sell wealth management divisions
Tue, 06 Jan 2009 18:39:52 GMT
Citywire undertands that Ansbacher Group has put its London and Channel Islands based wealth management operations up for sale.
- Closing Market: FTSE higher again as retailers push ahead
Tue, 06 Jan 2009 17:18:21 GMT
Retailers post sharp gains, pushing the FTSE nearly 60 points higher.
FT.com - Financial Markets News
- Euro weakens as prices plunge
Tue, 6 Jan 2009 22:45:36 +0000
The euro fell to three-week lows against the dollar and sterling on Tuesday as plummeting eurozone inflation raised expectations that the European Central Bank was set to cut interest rates in the region.
- US stocks shrug off glum data
Tue, 6 Jan 2009 22:43:09 +0000
Traditionally defensive stocks escaped a modest rally on Wall Street as investors shrugged off more glum economic data and dipped their toes into riskier sectors
- Overview: Equities push higher despite data gloom
Tue, 6 Jan 2009 22:37:23 +0000
The tentative optimism that has pervaded financial markets showed little sign of abating
- Oil hits $50 as Middle East conflict escalates
Tue, 6 Jan 2009 21:28:30 +0000
Oil prices hit the the $50 a barrel level amid escalating violence in the Middle East as fighting between Israel and Hamas showed little prospect of ending quickly
- European stocks lifted by carmakers
Tue, 6 Jan 2009 20:16:41 +0000
Car manufacturers provided a focal point for European equities on Tuesday after news that Porsche had achieved a majority holding in Volkswagen boosted both companies' share prices.
Citywire News
- London rents post record declines
Wed, 07 Jan 2009 00:01:00 GMT
Prime residential rents in central London have fallen dramatically over the past three months.
- Closing Market: FTSE higher again as retailers push ahead
Tue, 06 Jan 2009 17:18:21 GMT
Retailers post sharp gains, pushing the FTSE nearly 60 points higher.
- BA traffic down again but company confident of hitting estimates
Tue, 06 Jan 2009 16:10:26 GMT
Premium traffic worst affected as rival Ryanair grows passenger numbers.
- MS to shed 1000 staff, reports suggest
Tue, 06 Jan 2009 15:21:17 GMT
Marks and Spencer is set to shed up to 1000 jobs in the wake of a poor Christmas trading season, reports today suggest.
- Is the boom over for supermarkets?
Tue, 06 Jan 2009 15:18:53 GMT
Ahead of Sainsbury's update on Thursday, some analysts are suggesting this may be as good as it gets for food retailers.
BBC News
- Cases have 'cut UK terror threat'
Wed, 07 Jan 2009 03:05:23 GMT
The terrorist threat to the UK has been reduced by a series of successful criminal prosecutions, the head of MI5 says.
- Watchdog bans British Gas adverts
Wed, 07 Jan 2009 02:26:13 GMT
Adverts for British Gas's home maintenance service are banned by a watchdog after being branded "misleading".
- Israel offers Gaza aid corridor
Wed, 07 Jan 2009 02:15:48 GMT
Israel offers to open a humanitarian corridor into Gaza as the UN Security Council meets on the conflict.
- Bosses slam 'throw a sickie' ad
Wed, 07 Jan 2009 01:25:13 GMT
An advert for a cold and flu medicine is criticised by bosses for encouraging workers to "throw a sickie".
- PM's tour 'to hear economy woes'
Wed, 07 Jan 2009 00:54:12 GMT
Gordon Brown is to begin a three-day tour of England and Wales later which will include a cabinet meeting in the North West.
Mortgage News
- Savills Lending Solutions teams up with Tiuta
Tue, 6 Jan 2009 17:05:30 GMT
- Yorkshire Bank offers fees-free remortgage deal
Tue, 6 Jan 2009 15:49:01 GMT
Yorkshire Bank has launched a fees-free remortgage deal meaning savings for borrowers of up to £999.
- SHIP members predict boom in drawdown business
Tue, 6 Jan 2009 11:41:39 GMT
Many equity release providers are predicting that drawdown business will account for 70% of the equity release market by 2010, research from Safe Home Income Plans shows.
- Bluefin brand launches with backing from AXA
Tue, 6 Jan 2009 11:09:21 GMT
A group of financial services firms have come together with backing from AXA to launch under a single brand called Bluefin.
- Rice confirms RAMP closure
Tue, 6 Jan 2009 11:02:40 GMT
John Rice, managing director of the Regulatory Association of Mortgage Packagers, has confirmed the organisation is set to close its doors after more than five years.