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
- Pru shareholders force Thiam to reject SocGen job offer
Thu, 18 Mar 2010 17:59:42 GMT
Chief executive of insurer says no to offer from SocGen following pressure from shareholders.
- Broker Roundup Update: ING negative on LG
Thu, 18 Mar 2010 16:09:00 GMT
Morgan Stanley initiates coverage of Lancashire Holdings with an overweight and 588p target.
- Comment: why Lord Turner is determined to tame the City beast
Thu, 18 Mar 2010 13:43:04 GMT
The City has been allowed to spiral out of control over the past 30-40 years, says Lord Turner of the FSA. We need cut it down to a size that suits us all, and restrict certain sorts of credit such as mortgages.
- Baigrie Davies director Davidson joins FSA board
Thu, 18 Mar 2010 12:11:21 GMT
Former Baigrie Davies director Amanda Davidson has joined the Financial Services Authority (FSA) board.
Citywire Money, Tax and Property
- Mortgage costs rising for people with small deposits, says BoE
Thu, 18 Mar 2010 11:42:59 GMT
Increased competition means mortgages are getting cheaper but only for people with a 25% deposit or more.
- Government borrowing hits record high for February
Thu, 18 Mar 2010 10:49:51 GMT
Borrowing touched another record high but was lower than most expected - good news for Chancellor Darling ahead of next week's Budget.
- Tax the rich and protect public services, unions tell Darling
Thu, 18 Mar 2010 10:37:43 GMT
Britain's unions have called on Alistair Darling to resist pressure to make swingeing cuts in the public sector when he delivers his Budget next week.
- Second hand car dealers told to stop breaking the law
Thu, 18 Mar 2010 10:13:29 GMT
Office of Fair Trading announces plans to clamp down on second hand car dealers who break the law and scam consumers.
BBC Business News
- Deutsche Bahn confirms Arriva bid
Thu, 18 Mar 2010 19:08:09 GMT
Deutsche Bahn, the German national rail company, has confirmed that it has tabled a bid for Arriva, the UK transport group.
- No joke
Thu, 18 Mar 2010 18:19:58 GMT
How China dominates the quirky gift industry
- Drugs giant Teva buys Ratiopharm
Thu, 18 Mar 2010 18:02:52 GMT
Israeli generic drugs giant Teva buys German firm Ratiopharm for 3.6bn euros (3.2bn, $4.9bn).
- Last-ditch bid to end BA dispute
Thu, 18 Mar 2010 17:48:43 GMT
British Airways' boss Willie Walsh and the joint leader of the Unite union, Tony Woodley, try to avert this weekend's strike.
FT.com - Financial Markets News
- SP closes lower despite strong results
Thu, 18 Mar 2010 20:54:37 GMT
US stocks closed modestly higher, aided by some strong corporate results and benign inflation figures but resurgent worries about the Greek sovereign debt situation weighed on sentiment
- BG Group surges on takeover talk
Thu, 18 Mar 2010 20:32:36 GMT
Shares in BG surge on a revival of speculation that the oil and gas group could be a takeover target
- Greek worries return to unsettle investors
Thu, 18 Mar 2010 20:16:19 GMT
Concerns about Greek indebtedness return, dragging the euro down and knocking equity markets from their recent highs
- Financials bear the brunt of sell-off
Thu, 18 Mar 2010 20:00:29 GMT
Bank stocks take most points off FTSE Eurofirst 300 amid worries that Greece might have to turn to the International Monetary Fund
BBC News
- Priest paid alleged abuse victim
Thu, 18 Mar 2010 21:16:53 GMT
Cardinal Sean Brady confirmed a priest in NI paid damages to a woman who had made allegations of sexual abuse.
- Kidnapped Sahil returns to the UK
Thu, 18 Mar 2010 20:59:06 GMT
Five-year-old Sahil Saeed returns to the family home in Oldham, as three people are charged with his kidnapping in Pakistan.
- Fulham earn famous win over Juve
Thu, 18 Mar 2010 20:54:19 GMT
Fulham produce a stunning second-leg comeback against nine-man Juventus to make the Europa League quarter-finals.
- US man admits Mumbai attacks role
Thu, 18 Mar 2010 20:38:37 GMT
US citizen David Headley changes his plea and admits his role in the deadly Mumbai attacks in 2008.
