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


Citywire News

  • 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 Business News

  • Keen interest
    Wed, 07 Jan 2009 00:15:49 GMT
    The rates roulette for savers and borrowers
  • Staff recruitment falling sharply
    Wed, 07 Jan 2009 00:11:48 GMT
    The number of new workers being recruited is falling sharply due to the worsening economic downturn, a survey finds.
  • UK 2008 car sales to fall by 10%
    Tue, 06 Jan 2009 23:57:15 GMT
    UK car sales figures for the past year are expected to be more than 10% lower than sales in 2007.
  • Final Woolworths stores shut down
    Tue, 06 Jan 2009 20:12:47 GMT
    The remaining 200 Woolworths stores across the UK close their doors after the High Street chain's final day of trading.
  • European gas supplies disrupted
    Tue, 06 Jan 2009 18:16:59 GMT
    Several EU countries report major disruption to their gas supplies from Russia as Moscow accuses Ukraine of shutting pipelines.

London Stock Exchange News

  • FSA to lift short selling ban
    Tue, 06 Jan 2009 10:16:00 +0000
    An emergency ban on the short selling of UK financial stocks could be lifted later this month under new proposals from the Financial Services Authority (FSA).
  • Japanese market closes at two-month high
    Tue, 06 Jan 2009 09:57:50 +0000
    Rising optimism that the incoming administration of US president-elect Barack Obama will enact a new round of economic stimulus measures triggered a wave of buying on Japan's major stock market, with the benchmark Nikkei 225 hitting a two-month closing high on Tuesday (January 6th).

  • Wall Street edges higher on tech hopes
    Tue, 06 Jan 2009 06:07:10 +0000
    US shares overcame a swathe of gloomy economy news to advance in early trading on Tuesday (January 6th), with investors hoping that president-elect Barack Obama's anticipated economic stimulus plan will boost the technology sector.

  • More than 1 in 8 'seek debt advice'
    Tue, 06 Jan 2009 06:05:16 +0000
    There was further evidence of the biting recession today with new research from MoneyExpert.com showing that 13 per cent of UK adults have sought advice on controlling their debts in the face of mounting economic pressures.

  • Mortgage lenders 'bottom out' on rate cuts
    Tue, 06 Jan 2009 06:04:09 +0000
    The number of mortgage lenders passing on interest rate cuts to their customers continues to "dwindle", with many showing signs that they are as low as they are prepared to go.

Mortgage News

  • 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.
  • 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.

BBC News

  • 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".
  • Restraint urged over tax arrears
    Wed, 07 Jan 2009 01:04:57 GMT
    Bailiffs called on nearly 600,000 people in council tax arrears in England and Wales last year, the Lib Dems say.
  • 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.
  • Family's new plea over lost son
    Wed, 07 Jan 2009 00:42:06 GMT
    The father of a missing islander says someone holds information that could solve the mystery to his disappearance.

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