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 Investment News
- Green takes over Evershed's Select Opportunities fund after three-year struggle
Tue, 07 Oct 2008 00:01:00 GMT
Veteran small-cap investor Patrick Evershed left New Star last week after running the £60 million Select Opportunities fund since its launch in 2002.
- Dow -370, FTSE - 391; just another manic Monday
Mon, 06 Oct 2008 21:44:00 GMT
During a tumultuous day, the FTSE 100 dropped as much as 8% and the Dow Jones Industrial Average ended off 3.6% having bounced from losses of 750 points.
- Resolution Asset Management hires Sweeting to head alternatives arm
Mon, 06 Oct 2008 16:03:12 GMT
Resolution Asset Management has recruited Tim Sweeting from Credit Suisse to fill the newly created role of head of alternatives.
- FTSE falls as the Chancellor fails to offer new solutions
Mon, 06 Oct 2008 15:27:49 GMT
The Chancellor of the Exchequer has given his statement on the financial crisis but failed to offer guarantees on savers deposits or new capital injections for banks.
Mortgage News
- Leeds withdraws from packager market
Mon, 6 Oct 2008 17:09:40 GMT
The packaging industry continues to fall on hard times as Leeds reveals that it is closing its doors to packagers.
- Leeds pulls out of packager market
Mon, 6 Oct 2008 17:07:11 GMT
The packaging industry continues to fall on hard times as Leeds announces that it is pulling the plug on its packager business.
- Editors view: Why Dragons’ Den strategy is a must
Mon, 6 Oct 2008 16:14:22 GMT
We thought Chancellor Alistair Darling faced an enormous dilemma today - guarantee savers’ deposits 100% following in the footsteps of Ireland, Greece and Germany (albeit the latter doing so without passing legislation) or recapitalise the banking industry in a bid to resume normal lending.
- No share purchase deal from Darling
Mon, 6 Oct 2008 16:01:54 GMT
Chancellor Alistair Darling refused to address rumours that the government will buy shares in beleaguered banks in order to avoid full blown financial meltdown.
BBC Business News
- Financial crisis pummels stocks
Mon, 06 Oct 2008 23:53:10 GMT
Stock markets plummet around the world as investors worry about the growing level of financial turmoil.
- Icelandic banks reassure savers
Mon, 06 Oct 2008 23:28:50 GMT
Savers in the UK who have put their money into Icelandic banks have been told that their deposits are safe.
- Social revolution
Mon, 06 Oct 2008 23:04:08 GMT
The UK's new breed of caring, sharing entrepreneurs
- Warning sign
Mon, 06 Oct 2008 23:02:50 GMT
A financial adviser aged 96 recalls the Wall Street Crash
BBC News
- Smoking 'costs the NHS billions'
Mon, 06 Oct 2008 23:21:40 GMT
Smoking is costing the NHS in England 2.7bn pounds a year, up from 1.7bn a decade earlier, a report claims.
- MPs' concerns at Diploma options
Mon, 06 Oct 2008 23:21:12 GMT
England's new Diplomas offer a commendable way forward but people still need to be convinced of their credibility, MPs say.
- First schools facing charity test
Mon, 06 Oct 2008 23:21:02 GMT
The charities watchdog has named the first five private schools that must demonstrate their charitable purpose.
- Smith orders police race review
Mon, 06 Oct 2008 22:55:46 GMT
Home Secretary Jacqui Smith announces a nationwide assessment of ethnic minorities in the police.
