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
- 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.
- QA: What does the Russian gas dispute mean for us?
Tue, 06 Jan 2009 14:24:09 GMT
Russia is once again showing off its importance in the power markets, cutting off supply to the Balkans and Austria via Ukraine.
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.
BBC Business News
- Final Woolworths stores shut down
Tue, 06 Jan 2009 19:02:12 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.
- German billionaire kills himself
Tue, 06 Jan 2009 18:14:02 GMT
German billionaire Adolf Merckle commits suicide after his business empire runs into trouble in the global economic slowdown.
- Marks and Spencer cuts 1,000 jobs
Tue, 06 Jan 2009 13:37:54 GMT
Marks and Spencer will announce on Wednesday that it is cutting 1,000 jobs from its workforce of 70,000, the BBC confirms.
- Long goodbye
Tue, 06 Jan 2009 13:04:21 GMT
Woolworths staff feel the pain of closure
BBC News
- Senate snub as US Congress opens
Tue, 06 Jan 2009 19:18:39 GMT
The new US Congress opens amid a row over the man chosen to fill Barack Obama's vacant Senate seat.
- Household names
Tue, 06 Jan 2009 19:10:10 GMT
Peter Hunt looks at Princes William and Harry's new office.
- Final Woolworths stores shut down
Tue, 06 Jan 2009 19:02:12 GMT
The remaining 200 Woolworths stores across the UK close their doors after the High Street chain's final day of trading.
- Rees Six Nations blow for England
Tue, 06 Jan 2009 19:01:00 GMT
England and Wasps flanker Tom Rees will miss the majority of the Six Nations due to a knee injury.
- Stay home plea after casualties
Tue, 06 Jan 2009 19:00:54 GMT
A hospital consultant urges the elderly to stay indoors in freezing temperatures after dealing with dozens of broken bones and fall injuries.
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.
