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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

• Buckles unveils pilot to smooth way for simplified advice
  Fri, 30 Jul 2010 08:21:00 +0100
  Rhyl based adviser firm announces plans for basic advice pilot with view towards a simplified advice proposition
  

• Why are Brewin and Collins Stewart piling up so much cash?
  Fri, 30 Jul 2010 08:11:49 +0100
  The longer these wealth management firms keep their powder dry, the more one suspects there may be other reasons for hoarding cash.
  

• Bonus rules will hit wealth managers' competitiveness with IFAs
  Fri, 30 Jul 2010 08:04:32 +0100
  Apcims says the proposed rules that bring banking and wealth management codes into line could raise competition issues for discretionaries and IFAs
  

• Novia unveils reporting tool to facilitate audit trails
  Fri, 30 Jul 2010 08:00:00 +0100
  Wrap platform Novia has launched a reporting tool allowing users to create audit trails that satisfy the regulator and cut back office staff requirements.
  

BBC Business News

• Takeover deal agreed for EDF UK
  Fri, 30 Jul 2010 07:18:30 +0000
  A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK arm of French power group EDF for £5.8bn ($9.1bn).
  

• Strikes and ash extend BA losses
  Fri, 30 Jul 2010 07:09:30 +0000
  BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
  

• Chip sales boost Samsung profits
  Fri, 30 Jul 2010 06:25:52 +0000
  Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.
  

• Novel take on French home shortage
  Fri, 30 Jul 2010 06:10:15 +0000
  Young French people having difficulty finding affordable housing are being given the chance to help older members of society and put a roof over their own heads.
  

Citywire Money, Tax and Property

• House prices: Nationwide reports first drop since February
  Thu, 29 Jul 2010 08:24:53 +0100
  Nationwide has reported a 0.5% drop in the price of an average UK property, adding to evidence that prices are heading lower.
  

• House prices rise slightly in June
  Wed, 28 Jul 2010 13:07:44 +0100
  Land Registry reports 0.1% rise in June following May?s slight fall. Figures come in contrast to other indices which are showing falling prices.
  

• Morning Line: interest rate rise or not, savers are unlikely to benefit
  Mon, 26 Jul 2010 11:51:04 +0100
  Seldom have economists been so divided over when interest rates will rise. But whatever happens, it is unlikely that savers will benefit. 
  

• 'Home staging' is all the rage - but there are better ways to sell up
  Sun, 25 Jul 2010 00:01:00 +0100
  A booming industry in the US aims to help people sell their homes, but here, as a second property price bust looms, it's hard cash that will ultimately speak loudest.
  

Citywire News

• Foreign Colonial delivers despite £2.3 million hit from BP
  Fri, 30 Jul 2010 07:41:20 +0100
  Britain's oldest investment trust has posted strong outperformance over a tough six months where its private equity bet has finally come good for the portfolio.
  

• Technology firms drag Wall Street lower
  Fri, 30 Jul 2010 07:14:34 +0100
  Investors remained cautious as they await US GDP figures
  

• Friday Papers: tips and comment
  Fri, 30 Jul 2010 03:29:00 +0100
  The latest crop of quarterly earnings shows sector in rude health
  

• Friday Papers: IASB proposes accounting overhaul for insurers - other news
  Fri, 30 Jul 2010 03:27:00 +0100
  The board has proposed a single accounting system for the industry
  

BBC News

• Strikes and ash extend BA losses
  Fri, 30 Jul 2010 07:09:30 +0000
  BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
  

• Dhaka workers protest over wages
  Fri, 30 Jul 2010 07:06:53 +0000
  Thousands of Bangladeshi garment workers take to the streets of Dhaka to protest over a government-backed wage increase that fell short of their demands.
  

• MoD 'to pay for Trident renewal'
  Fri, 30 Jul 2010 07:04:45 +0000
  The chancellor says the MoD, not the Treasury, will have to pay the £20bn cost of renewing the UK's nuclear deterrent, putting further pressure on the defence budget.
  

• Public to veto council tax rises
  Fri, 30 Jul 2010 06:58:13 +0000
  The public will be able to veto their council tax bills in England if charges are above an agreed limit, ministers will announce.