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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 Investment News
- Glencore and Xstrata strike $90 billion deal
Tue, 07 Feb 2012 07:34:26 Z
Glencore and Xstrata have agreed an all-share merger worth $90 billion, narking the industry's biggest ever deal.
- RLAM new business slumps 67%
Tue, 07 Feb 2012 07:25:12 Z
Net new business, excluding cash mandates, at Royal London Asset Management (RLAM) fell 67% over the 12 months ended in December.
- Sants: firms must drop 'narrow' attitude to regulation
Tue, 07 Feb 2012 07:08:59 Z
Financial Services Authority chief executive Hector Sants has called on banks, insurers and brokers not to 'think about what they can get away with' under the new 'twin peaks' framework.
- HNW satisfaction slides
Tue, 07 Feb 2012 06:50:00 Z
High new worth individuals (HNWIs) with their main contacts at UK wealth managers has fallen this year, with a sharp decline in those saying they are 'very satisfied' with the service received.
- Citywire Top Stocks Daily News Digest
Tue, 07 Feb 2012 03:02:54 Z
All the news from across the web about the companies featured in Citywire's Top Stocks.
Citywire Money, Tax and Property
- House prices rose 0.6% in January, says Halifax
Mon, 06 Feb 2012 09:54:16 Z
The average UK house price is now £161,000.
- The 20 postcodes most 'at risk' of burglary
Fri, 03 Feb 2012 09:35:34 Z
The areas in the UK that see the most home insurance claims for theft or burglary, and the postcodes that are least at risk.
- House prices flat as market 'dogged by uncertainty'
Mon, 30 Jan 2012 00:01:00 Z
January marked the eighteenth month that house prices did not rise, according to Hometrack.
- Buying a house is now cheaper than renting one
Sat, 28 Jan 2012 00:01:00 Z
Buying a house is over £100 a month cheaper than renting, according to Halifax. Wales is the exception.
- Mansion tax: a terrible, unworkable idea
Wed, 25 Jan 2012 11:58:02 Z
Vince Cable?s plan to impose a tax on properties worth more than £2 million is impractical, unethical and cowardly, argues Linton Chiswick.
FT.com - Financial Markets News
- Asian markets take a breather
Tue, 07 Feb 2012 06:04:03 GMT
Investors are torn between fears of Greek default and hopes for global economic recovery
- Big jump in RMBS issuance ?unlikely?
Tue, 07 Feb 2012 00:05:42 GMT
So-called ?toxic? assets have rallied this year but Fitch says new issuance of private label residential mortgage-backed securities will be slim in 2012
- Shipowner pays Glencore to use vessel
Mon, 06 Feb 2012 21:47:48 GMT
An agreement to pay to carry grain from Japan via Australia to Europe highlights the depth of slump in the dry bulk shipping rate
- Greek worries weigh on Wall Street
Mon, 06 Feb 2012 21:26:45 GMT
US stocks followed global indices lower, as Greece appeared to edge closer to default while disappointing earnings also help stall the rally
- Brent crude oil breaks three-month high
Mon, 06 Feb 2012 21:26:29 GMT
Cold winter weather in Europe and Russia and production problems in Africa help push up price but US benchmark fails to see similar uplift
Citywire News
- The Expert View: French Connection, Legal General and Cineworld
Tue, 07 Feb 2012 05:01:00 Z
A round-up of analyst notes, including their take on William Hill and Game
- Citywire Top Stocks Daily News Digest
Tue, 07 Feb 2012 03:02:54 Z
All the news from across the web about the companies featured in Citywire's Top Stocks.
- Overnight Markets: Wall Street falls amid Greek debt talks
Tue, 07 Feb 2012 03:00:00 Z
Stocks declined as Greece failed to respond to bailout terms from the European Union and International Monetary Fund missing another deadline.
- Tuesday Papers: Greece to face curbs on new bailout
Tue, 07 Feb 2012 02:57:00 Z
And BAE considers Typhoon price cut to stay in battle for Indian order.
- FTSE drifts as Greek debt talks muddle on
Mon, 06 Feb 2012 17:27:52 Z
Britain?s benchmark index slips as Greek premier Lucas Papademos fails to win backing from other party leaders for more spending cuts.
BBC News
- Glencore-Xstrata in $90bn merger
Tue, 07 Feb 2012 07:48:05 GMT
Anglo-Swiss mining group Xstrata announces a $90bn merger with Glencore, the world's largest commodity trader.
- Police in Maldives take state TV
Tue, 07 Feb 2012 07:46:02 GMT
Police in the Maldives have taken control of the state broadcaster amid protests, as the president prepares to address the nation.
- Oil giant BP sees higher profits
Tue, 07 Feb 2012 07:41:14 GMT
Profits at BP rise as the firm prepares for legal action over its involvement in the 2010 Deepwater Horizon blast.
- Syria army renews assault on Homs
Tue, 07 Feb 2012 07:40:14 GMT
The Syrian army resumes heavy shelling in the restive city of Homs as Russian Foreign Minister Sergei Lavrov is due in Damascus for talks.
- VIDEO: Prince to mark Dickens anniversary
Tue, 07 Feb 2012 07:39:13 GMT
On the 200th anniversary of Charles Dickens's birth, the Prince of Wales and Duchess of Cornwall will attend a special service at Westminster Abbey.
BBC Business News
- Glencore-Xstrata in $90bn merger
Tue, 07 Feb 2012 07:48:05 GMT
Anglo-Swiss mining group Xstrata announces a $90bn merger with Glencore, the world's largest commodity trader.
- Oil giant BP sees higher profits
Tue, 07 Feb 2012 07:41:14 GMT
Profits at BP rise as the firm prepares for legal action over its involvement in the 2010 Deepwater Horizon blast.
- India miners face licence repeal
Tue, 07 Feb 2012 07:35:19 GMT
A panel appointed by India's Supreme Court recommends that the licences of as many as 49 iron ore miners should be cancelled.
- UBS profits down on weak business
Tue, 07 Feb 2012 07:00:38 GMT
Profits at Swiss bank UBS slump by three-quarters and the outlook remains tough as the eurozone crisis saps business.
- US bank chairman in Vietnam push
Tue, 07 Feb 2012 05:45:05 GMT
The head of the US Export-Import Bank, an independent federal agency, pushes for infrastructure deals with Vietnam worth $1.5bn (£949m).