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News and comment

Welcome to your on-line financial newsletter. This service is regularly updated to bring you news of important developments in financial matters.

The news stories on this page have been written and produced by a third party and neither nor its representatives can be held responsible for the accuracy of the content/information contained within these stories.

Citywire Investment News

• The Daily Interview: Swip multi-manager team looks for shelter in infrastructure
  Wed, 20 Aug 2008 00:01:00 GMT
  The Scottish Widows Investment Partnership (Swip) multi-manager team of Mark Harries and Simon Wood has bought into infrastructure in a bid to reduce its multi-asset fund of funds? correlation with the downturn in markets.
  

• SPA ETF launches follow shift in investment practices
  Wed, 20 Aug 2008 00:01:00 GMT
  SPA ETF is launching a range of four sector-based exchange traded funds to anticipate a shift by UK advisers to follow US counterparts basing investments on sectors instead of general approaches.
  

• Jupiter Unit Trust Managers posts 37% profits jump
  Wed, 20 Aug 2008 00:01:00 GMT
  While many asset management groups founder in the credit crisis Jupiter Unit Trust Managers appears to go from strength to strength.
  

• Tuesday Closing Market: Financials weigh on FTSE
  Tue, 19 Aug 2008 16:42:00 GMT
  London?s premier stock index continued to decline on Tuesday afternoon, with banks and insurers dominating the losers' board.
  

BBC Business News

• Foreign sales boost HP earnings
  Tue, 19 Aug 2008 23:35:32 GMT
  Hewlett-Packard, the world's largest computer firm, sees quarterly profits boosted by international sales.
  

• Watchdog to set out plans for BAA
  Tue, 19 Aug 2008 23:29:13 GMT
  The Competition Commission is tipped to back the break-up of BAA, the UK's largest airports operator.
  

• End is nigh?
  Tue, 19 Aug 2008 23:24:17 GMT
  The uncertain future for firms in administration
  

• Call to tackle UK business waste
  Tue, 19 Aug 2008 23:00:00 GMT
  The government should do more to curb waste using tax as an incentive, a House of Lords committee has said.
  

London Stock Exchange News

• Chinese economy 'to grow by 9% annually'
  Tue, 19 Aug 2008 05:16:19 +0100
  The Chinese economy can shrug off the worldwide downturn and is poised to grow at around nine per cent in years to come, a representative to a government think tank has forecast.
  

• MPC member defends rate freezes
  Tue, 19 Aug 2008 05:14:19 +0100
  Tim Besley of the Bank of England has moved to defend freezing interest rates, despite signs that conditions in the economy are worsening.
  

• 'Crunch at halfway stage', ex-IMF chief warns
  Tue, 19 Aug 2008 05:12:47 +0100
  The worst of the credit crunch is yet to come, the former head of the International Monetary Fund (IMF) has warned.
  

• Children cause of thousands of home insurance claims
  Tue, 19 Aug 2008 05:10:29 +0100
  Children are the cause of thousands of home insurance claims annually, new figures have shown.
  

Citywire News

• Want the cheapest quotes? Financial comparison websites may leave you confused
  Wed, 20 Aug 2008 00:01:00 GMT
  Consumer group Which? found that it is sometimes cheaper to get a quote directly from the insurer and can be necessary to visit insurers? own websites to get enough detail about a product.
  

• The Daily Interview: Swip multi-manager team looks for shelter in infrastructure
  Wed, 20 Aug 2008 00:01:00 GMT
  The Scottish Widows Investment Partnership (Swip) multi-manager team of Mark Harries and Simon Wood has bought into infrastructure in a bid to reduce its multi-asset fund of funds? correlation with the downturn in markets.
  

• Reluctant landlords
  Wed, 20 Aug 2008 00:01:00 GMT
  Many homeowners are being forced to rent their homes rather than sell them. We look at the experiences of one such couple.
  

• Jupiter Unit Trust Managers posts 37% profits jump
  Wed, 20 Aug 2008 00:01:00 GMT
  While many asset management groups founder in the credit crisis Jupiter Unit Trust Managers appears to go from strength to strength.
  

Mortgage News

• Select & Protect's broker registrations double
  Tue, 19 Aug 2008 16:49:54 GMT
  General insurance provider Select & Protect has doubled its broker registrations to over 10,500 in the past 12 months.
  

• Dual pricing still overshadowing brokers
  Tue, 19 Aug 2008 15:57:09 GMT
  Compliance systems provider, Home Buyer Systems, has calculated that lenders’ dual pricing continues to make broker products uncompetitive when compared with direct-to-lender deals.
  

• Santander to more than double A&L executive salary as bonus
  Tue, 19 Aug 2008 12:37:06 GMT
  Santander is offering bonuses of between 75% and 125% of their salaries to key executives if they agree to stay on at Alliance & Leicester until next December.
  

• Brown must act as transactions sink below 90's levels, says Wolsey
  Tue, 19 Aug 2008 11:46:03 GMT
  Housing transactions have fallen to a lower level than the last housing market crash and the government must step up, says Wolsey Securities, a finance specialist for housebuilders.
  

BBC News

• Fan fury over festival 'rip-off'
  Wed, 20 Aug 2008 02:22:29 GMT
  Hundreds of music fans are angry and out of pocket after their tickets for the V Festival at the weekend failed to turn up.
  

• Monkey business - US Bigfoot turns out to be gorilla suit on ice
  Wed, 20 Aug 2008 01:38:50 GMT
  The claimed recent discovery of Bigfoot in the US state of Georgia has turned out to be a gorilla suit in a block of ice.
  

• Sarkozy en route to Afghanistan
  Wed, 20 Aug 2008 00:41:09 GMT
  French President Nicolas Sarkozy travels to Afghanistan to support his troops, a day after a deadly attack by Taleban fighters.
  

• Back pain eased by good posture
  Tue, 19 Aug 2008 23:56:12 GMT
  Long-term back pain can be relieved through encouraging sufferers to adopt good posture through the Alexander technique, say researchers.