News and comment
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Citywire Investment News
- Shareholders shoot down Eaglet director dealing changes
Thu, 20 Nov 2008 16:20:27 GMT
Shareholders have blocked plans to turn the Eaglet investment trust into a directors? dealing mandate, throwing the new ownership?s plans for the fund into disarray.
- Oil dips below $50 while US shares take another beating
Thu, 20 Nov 2008 14:56:35 GMT
US shares down again following yesterday's deep falls, as jobs data sends investors running for cover.
- RBS poised to say yes to government bail-out
Thu, 20 Nov 2008 14:27:44 GMT
Shareholders are expected to approve the £20 billion bail-out backed by the government in a vote this afternoon.
- Fidelity: where the axe might fall
Thu, 20 Nov 2008 13:58:24 GMT
Citywire has obtained further details of how Fidelity is reorganising its business and cutting 370 jobs in an 'efficiency programme'.
- Gartmore to cut between 60 and 75 jobs
Thu, 20 Nov 2008 13:19:00 GMT
Gartmore is the latest asset management group to confirm it will cut its workforce in the dire market conditions.
FT.com - Financial Markets News
- Citigroup leads plunge downwards on Wall Street
Thu, 20 Nov 2008 15:49:11 +0000
US stocks were in danger of closing at their lowest level in eleven years as new claims for unemployment benefits hit their highest since 1992 , investors contemplated the future of the auto industry and Citigroup shares took another hammering
- Global equities tumble as investors search for havens
Thu, 20 Nov 2008 15:34:24 +0000
Renewed concerns about the health of the global economy sent equity indices sharply lower, with US measures falling to six-year lows in early trade
- Oil price below $50 a barrel
Thu, 20 Nov 2008 15:19:47 +0000
Oil tumbled below $50 a barrel level, leading every other commodity except gold lower, as broad-based sell-offs in equity markets and the reality of a protracted global recession dragged on sentiment
- FTSE sinks below 4,000
Thu, 20 Nov 2008 14:52:05 +0000
London equities fell further on Thursday, as financial and mining stocks continued to lose support with the FTSE 100 trading under 4,000 points for the first time since October.
- Recession fears drive European stocks down
Thu, 20 Nov 2008 12:26:27 +0000
European shares sank to their lowest level in over five years on Thursday as fears over the severity of global recession fuelled the continuing sell off in financials and commodities
Mortgage News
- Pink launches general insurance referral service
Thur, 20 Nov 2008 13:03:36 GMT
Pink Home Loans will now provide a general insurance referral service to its network members.
- Beckett doing all possible to avoid repossessions
Thur, 20 Nov 2008 12:52:09 GMT
Housing minister Margaret Beckett has assured the House of Commons that the government is using all its power to stave off revelations.
- Shapps calls housing target a con
Thur, 20 Nov 2008 12:44:23 GMT
Grant Shapps, shadow minister of housing, has called Gordon Brown's pledge to build 3 million homes by 2020 a con.
- Woolwich and PMS launch remortgage exclusives
Thur, 20 Nov 2008 12:30:24 GMT
Premier Mortgage Service has launched four new remortgage exclusives for its directly authorised channel with Woolwich.
- Beckett calls for house builders to keep building
Thur, 20 Nov 2008 12:24:10 GMT
Housing minister Margaret Beckett is urging the house building sector to remain on task and continue building in the face of the economic downturn.
BBC News
- Fingerprints on Vicky's body bag
Thu, 20 Nov 2008 16:33:25 GMT
Fingerprints of the man accused of killing Vicky Hamilton are found on a bag containing part of her body.
- Crisis meeting over Somali piracy
Thu, 20 Nov 2008 16:33:13 GMT
A spate of pirate attacks off the coast of Somalia prompts an emergency meeting between nations bordering the Red Sea.
- Oil price goes below $50 a barrel
Thu, 20 Nov 2008 16:13:58 GMT
Oil prices have fallen below $50 a barrel amid growing fears over a global recession and lower demand for oil.
- No belly button
Thu, 20 Nov 2008 16:13:58 GMT
This model has no navel. Why the lack of tummy button?
- 'Ugly' author a 'liar and thief'
Thu, 20 Nov 2008 16:13:28 GMT
The mother of barrister who wrote a book detailing childhood abuse brands her daughter a "wicked thief and a liar".
Citywire News
- Shareholders shoot down Eaglet director dealing changes
Thu, 20 Nov 2008 16:20:27 GMT
Shareholders have blocked plans to turn the Eaglet investment trust into a directors? dealing mandate, throwing the new ownership?s plans for the fund into disarray.
- Market turmoil forces top fund groups to shed jobs
Thu, 20 Nov 2008 15:24:11 GMT
Leading fund managers including Fidelity, Gartmore and New Star are making job cuts as they seek to cut back in the face of declining markets.
- Oil dips below $50 while US shares take another beating
Thu, 20 Nov 2008 14:56:35 GMT
US shares down again following yesterday's deep falls, as jobs data sends investors running for cover.
- Further rise in public debt ahead of Monday's pre-budget report
Thu, 20 Nov 2008 14:33:06 GMT
The govt deficit has hit £1.8 billion, compared to the £1.4 billion surplus a year earlier.
- RBS poised to say yes to government bail-out
Thu, 20 Nov 2008 14:27:44 GMT
Shareholders are expected to approve the £20 billion bail-out backed by the government in a vote this afternoon.