News and comment
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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
- 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 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
- 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.
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.
