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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

• Old Mutual Asset Management CEO Tom Turpin quits
  Fri, 10 Sep 2010 14:16:00 +0100
  Chief operating officer Linda Gibson to take on his responsibilities as interim chief executive
  

• Jupiter Primadona grows dividend by 40%
  Fri, 10 Sep 2010 14:04:39 +0100
  Year-on-year, the well-followed international growth trust has lifted its net dividend from 18p to 25p
  

• Equity Trust to merge with TMF Group in ?350 million sale
  Fri, 10 Sep 2010 13:01:09 +0100
  Doughty Hanson Company, one of the largest independent private equity firms in Europe, today announced that it is to acquire Equity Trust from Candover.
  

• FSA: banks and insurers struggling to adapt to RDR
  Fri, 10 Sep 2010 12:33:53 +0100
  Banks and insurers are struggling to adapt to the retail distribution review due to their status as 'vertically-integrated' firms that both make and sell products, according to the Financial Services Authority's (FSA) Richard Taylor.
  

BBC Business News

• Royal Mail sell-off is confirmed
  Fri, 10 Sep 2010 18:15:51 GMT
  The government confirms it is to press ahead with a complete sale of Royal Mail, following an updated review of the postal service.
  

• US jobs recovery 'painfully slow'
  Fri, 10 Sep 2010 15:55:48 GMT
  US President Barack Obama has said that progress in pulling the American economy out of recession has been "painfully slow".
  

• US cuts wheat production forecast
  Fri, 10 Sep 2010 15:30:06 GMT
  The US Department of Agriculture cuts its forecast for global wheat production in 2010-11, but by less than expected.
  

• Passengers down at BAA airports
  Fri, 10 Sep 2010 15:19:02 GMT
  Passenger numbers are down at most of the UK's major airports, with Glasgow the worst affected.
  

Citywire Money, Tax and Property

• House price reports: who needs 'em?
  Thu, 09 Sep 2010 00:01:00 +0100
  Is there such a thing as a 'useful' house price index, one that can be used by buyers and sellers to reflect on their own individual deals in any meaningful way? Linton Chiswick reports on the difficult questions an official investigation into house prices must tackle.
  

• Morning Line: the mortgage lending tactics that distort the market
  Wed, 08 Sep 2010 11:03:33 +0100
  Mortgage lenders should follow Coventry's example and stop practices like conditional lending.
  

• House prices rise for second month, erasing previous losses ? Halifax
  Wed, 08 Sep 2010 09:06:47 +0100
  House prices have increased for a second month, up 0.2% after July's 0.7% rise, with activity largely 'static'.
  

• Ask Citywire: ask us a question about money and we will get you an answer
  Wed, 08 Sep 2010 00:01:00 +0100
  Got a question about personal finance or investment? Post it in our forums and we will help you get an answer.
  

Citywire News

• FTSE meanders, waiting for new direction
  Fri, 10 Sep 2010 11:38:58 +0100
  Investors are sticking to the sidelines waiting for more clear signals about where the market will head next.
  

• Morning Line: Is it the end of retirement as we know it?
  Fri, 10 Sep 2010 11:22:25 +0100
  Is retirement as we know it really over? Are people that poverty stricken that they can?t afford to stop working? A raft of surveys suggests this is the case.
  

• Shareholders, don't ignore what government bonds are telling us
  Fri, 10 Sep 2010 09:40:41 +0100
  The equity market and the government bond market seem to be giving investors mixed messages but you can use the bond markets to decide where to put your cash.
  

• Double-dip recession risk overplayed, HSBC chief economist says
  Fri, 10 Sep 2010 08:31:00 +0100
  The prospect of a double-dip recession has been overplayed, according to HSBC chief economist Dennis Turner.
  

BBC News

• Iran 'delays US hiker's release'
  Fri, 10 Sep 2010 20:23:09 GMT
  Iran delays the release of Sarah Shourd, one of three US hikers arrested last year on suspicion of espionage, a Tehran prosecutor says.
  

• MPs 'held back' on phone inquiry
  Fri, 10 Sep 2010 19:50:02 GMT
  MPs held back in an inquiry into phone-hacking allegations for fear that their own private lives could be targeted, a former MP claims.
  

• Colombia rebels kill six police
  Fri, 10 Sep 2010 19:42:37 GMT
  Colombia's Farc rebels kill six policemen, in the latest in a surge of attacks that have killed more than 30 security personnel since President Juan Manuel Santos took office a month ago.
  

• Two men jailed for hammer attack
  Fri, 10 Sep 2010 19:42:27 GMT
  Two men are jailed over a hammer attack which left a teenager from Leicester brain damaged.