News and comment
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Citywire Investment News
- James Montier: The 'Austerians' will destroy the recovery and usher in deflation
Fri, 30 Jul 2010 13:33:04 +0100
The 'Austerians' could destroy an economic recovery and increase the likelihood of deflation, warns influential investor James Montier.
- Saints hikes divi and expects shareholder payouts to rise
Fri, 30 Jul 2010 13:10:40 +0100
Manager of the Baillie Gifford trust Patrick Edwardson says as the global economic recovery picks up, so too will company profits and their payouts to shareholders.
- Exeter IFA firm strikes outsourcing deal with Brooks Macdonald
Fri, 30 Jul 2010 12:54:27 +0100
RK Shipman has entered into an agreement with Brooks Macdonald for the London based asset manager to run its clients' money.
- Push start from Fidelity helped Ocado get its flotation away
Fri, 30 Jul 2010 11:56:34 +0100
Ocado had to rely on existing shareholders - and fund management group Fidelity in particular - to get its recent stock market flotation away.
- Why did Swip's European experiment fail?
Fri, 30 Jul 2010 11:51:55 +0100
Lessons must be drawn from Swip's inability to extend its distribution into Europe.
FT.com - Financial Markets News
- Investors drop risk after US GDP data
Fri, 30 Jul 2010 21:43:20 GMT
Global Markets Overview: The FTSE All-World index is down 0.5% following a lower-than-forecast GDP growth report for the US, and the yen and short-term US Treasuries are seeing record demand
- BP move forces trusts to reduce returns
Fri, 30 Jul 2010 21:34:58 GMT
Investment trusts are being forced to cut pay-outs or dip into their reserves to fill the hole left by the suspension of BP?s dividend
- Coffee surges on poor Colombian harvests
Fri, 30 Jul 2010 21:27:38 GMT
Coffee prices hit their highest level in 12 years on the back of low availability of premium Arabica coffee j
- Weak growth weighs on dollar
Fri, 30 Jul 2010 21:22:47 GMT
The dollar fell below Y86 for the first time in eight months on Friday as mounting concerns about the US economy led to broader weakness for the greenback
- Growth fears leave Wall Street flat
Fri, 30 Jul 2010 21:01:33 GMT
Wall Street finished flat after spending most of the day in negative territory because of concerns about the slowing rate of economic growth
Citywire News
- Shares fall to day lows as US GDP disappoints
Fri, 30 Jul 2010 13:52:03 +0100
(Update) US markets opened lower after yet more evidence the pace of the recovery in the world's largest economy is slowing.
- The CFDealer: two stocks to buy, one to sell
Fri, 30 Jul 2010 13:34:31 +0100
Flushed with the success of my tips and recent bid targets SSL International and Dimension Data, here are three more ideas for active investors.
- The man who wants to save child trust funds
Fri, 30 Jul 2010 13:23:24 +0100
A campaign is growing to save child trust funds from the scrap heap. Do you agree parents and family should be allowed to continue saving into the schemes for children, even if the government stops handing out free money?
- Keydata tax liability grows to £12m
Fri, 30 Jul 2010 12:59:25 +0100
HM Revenue and Customs has made a £12 million tax claim against Keydata Investment Services for its breach of ISA rules, according to the Financial Services Authority.
- Push start from Fidelity helped Ocado get its flotation away
Fri, 30 Jul 2010 11:56:34 +0100
Ocado had to rely on existing shareholders - and fund management group Fidelity in particular - to get its recent stock market flotation away.
BBC News
- Israel launches Gaza air strikes
Fri, 30 Jul 2010 21:36:41 +0000
Israel launches air strikes into the Gaza Strip, reports say, hours after a Palestinian rocket hit the southern Israeli city of Ashkelon.
- Five Taliban off UN sanction list
Fri, 30 Jul 2010 21:33:56 +0000
Five Taliban are removed from a sanctions list by the UN Security Council, a move sought by Kabul to ease rapprochement with insurgents.
- Should squirrel be on the menu?
Fri, 30 Jul 2010 21:15:43 +0000
A north London grocery store is committing "wildlife massacre" by selling squirrel meat, an animal welfare group has claimed. Vegetarians International Voice for Animals (Viva) accused a branch of Budgens of supporting a "barbaric and needless cull" of grey squirrels.
- Farc call to new Colombian leader
Fri, 30 Jul 2010 21:05:26 +0000
Colombia's Farc rebel group issues a call for dialogue with the new government after Juan Manuel Santos's election as president.
- Leeds 12-26 Wigan
Fri, 30 Jul 2010 20:46:19 +0000
Pat Richards kicks 10 points as Wigan move one step closer to the Super League leader's shield with victory over defending champions Leeds.