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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
- Shell profits nearly double
Thu, 29 Jul 2010 16:15:00 +0100
(Update) Anglo-Dutch oil giant Royal Dutch Shell said its profits had soared 94% in the second quarter thanks to oil price rises, production increases and cost-cutting.
- Evershed claimed Duffield 'undermined' fund managers' confidence
Thu, 29 Jul 2010 14:24:07 +0100
Fund manager Patrick Evershed can proceed with his case claiming constructive dismissal against the now defunct New Star Asset Management.
- Towergate launches RDR transition service
Thu, 29 Jul 2010 12:07:26 +0100
Towergate Financial is to allow advisers access to its investment proposition and platform as part of a service to help firms prepare for the retail distribution review and improve client communication.
- SC Davies launches global multi-asset funds ahead of RDR
Thu, 29 Jul 2010 11:30:22 +0100
Boutique wealth manager SC Davies Co to launch a trio of funds ahead of the retail distribution review (RDR).
Citywire Money, Tax and Property
- House prices: Nationwide reports first drop since February
Thu, 29 Jul 2010 08:24:53 +0100
Nationwide has reported a 0.5% drop in the price of an average UK property, adding to evidence that prices are heading lower.
- House prices rise slightly in June
Wed, 28 Jul 2010 13:07:44 +0100
Land Registry reports 0.1% rise in June following May?s slight fall. Figures come in contrast to other indices which are showing falling prices.
- 'Home staging' is all the rage - but there are better ways to sell up
Sun, 25 Jul 2010 00:01:00 +0100
A booming industry in the US aims to help people sell their homes, but here, as a second property price bust looms, it's hard cash that will ultimately speak loudest.
- House prices: the areas where it is cheaper to buy than rent
Wed, 21 Jul 2010 14:08:22 +0100
A new survey reveals the places where it is cheaper to buy a home than rent one, provided you can get the mortgage.
BBC Business News
- Jailed Enron boss requests bail
Thu, 29 Jul 2010 18:30:27 +0000
The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.
- Tehran's tactics to beat ship sanction
Thu, 29 Jul 2010 18:25:44 +0000
A look at how Iran's shipping industry stays one step ahead to minimise the impact of international sanction.
- Green shoots of recovery in Europe?
Thu, 29 Jul 2010 18:21:49 +0000
A raft of European firms have announced bumper profits, fuelling hopes that the economy is on the right track following the recession.
- Results boost AstraZeneca shares
Thu, 29 Jul 2010 17:37:31 +0000
Shares in AstraZeneca rise more than 3% after the drug company reports a rise in profits after strong sales of key drugs.
FT.com - Financial Markets News
- Prudential gains amid talk of strategic review
Thu, 29 Jul 2010 19:39:09 GMT
Weak earnings news from the US countered strong figures from UK companies to send the FTSE 100 slightly lower
- Stocks flat as rally runs out of steam
Thu, 29 Jul 2010 19:23:02 GMT
Global Markets Overview: Investors are turning very selective about risk, as shares decline while some currency markets embrace chancier assets
- Profit-taking and forecasts damp Europe
Thu, 29 Jul 2010 19:18:08 GMT
A rally in telecoms companies had put the eurozone core back into positive territory in early trading, but a poor performance on Wall Street later hit confidence
- Chocolatier sees cocoa prices staying high
Thu, 29 Jul 2010 18:48:56 GMT
Barry Callebaut chief warned prices could stay at current high levels for the foreseeable future because of continued demand pressure and scarce supply
BBC News
- Warburtons bakery closed by fire
Thu, 29 Jul 2010 20:21:20 +0000
Firefighters are damping down a blaze that has forced the temporary closure of Warburtons' bakery in Bolton
- Big S4C changes as chief leaves
Thu, 29 Jul 2010 20:17:15 +0000
Fundamental changes will be made in the way S4C is run after the sudden departure of chief executive Iona Jones, says the chair of the board which oversees it.
- Human remains found in Monaghan
Thu, 29 Jul 2010 20:02:00 +0000
Human remains are found in County Monaghan by a group searching for one of the Disappeared, Charles Armstrong.
- X Prize for oil spill solutions
Thu, 29 Jul 2010 19:38:00 +0000
The X Prize foundation, best known for launching the private spaceflight industry, launches a $1.4 million oil clean-up challenge.
