News and comment
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updated to bring you news of important developments in financial matters.
Citywire Investment News
Citywire Money, Tax and Property
- Fraudster convicted over £34m ponzi scheme
Wed, 10 Mar 2010 09:31:34 GMT
Investment roadshow fraudster Kevin Foster has been convicted of stealing investors' funds after masterminding a £34 million ponzi scheme that ran for nearly a decade.
BBC Business News
- UK industrial output falls back
Wed, 10 Mar 2010 10:31:20 GMT
Industrial production in the UK fell unexpectedly in January, dropping by 0.4% form December, official data has shown.
- German exports fall unexpectedly
Wed, 10 Mar 2010 10:24:17 GMT
German exports fell unexpectedly in January, with analysts saying that the cold weather that month was to blame.
- Banking fraud 'moves to internet'
Wed, 10 Mar 2010 10:12:37 GMT
Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, research suggests.
Citywire News
- Fraudster convicted over £34m ponzi scheme
Wed, 10 Mar 2010 09:31:34 GMT
Investment roadshow fraudster Kevin Foster has been convicted of stealing investors' funds after masterminding a £34 million ponzi scheme that ran for nearly a decade.
BBC News
- Top public servants' pay frozen
Wed, 10 Mar 2010 10:34:40 GMT
Thousands of top-earning public sector workers, including judges and NHS managers, will have their pay frozen next year.
- Torture death DNA swabbing starts
Wed, 10 Mar 2010 10:30:57 GMT
Police will start DNA swabbing sessions later to attempt to find the murderer of an elderly woman in Hampshire.
- US 'hid terror suspect treatment'
Wed, 10 Mar 2010 10:30:46 GMT
A former head of MI5 says she did not know US intelligence services were mistreating terror suspects until after she retired.
- ANC wants Winnie Mandela clarity
Wed, 10 Mar 2010 10:29:21 GMT
South Africa's ANC asks Winnie Mandela to clarify a media report in which she apparently fiercely criticised ex-husband Nelson.