News and comment
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Citywire Investment News
- James Montier: The 'Austerians' will destroy the recovery and usher in deflation
Fri, 30 Jul 2010 13:33:04 +0100
The 'Austerians' could destroy an economic recovery and increase the likelihood of deflation, warns influential investor James Montier.
- Saints hikes divi and expects shareholder payouts to rise
Fri, 30 Jul 2010 13:10:40 +0100
Manager of the Baillie Gifford trust Patrick Edwardson says as the global economic recovery picks up, so too will company profits and their payouts to shareholders.
- Exeter IFA firm strikes outsourcing deal with Brooks Macdonald
Fri, 30 Jul 2010 12:54:27 +0100
RK Shipman has entered into an agreement with Brooks Macdonald for the London based asset manager to run its clients' money.
- Push start from Fidelity helped Ocado get its flotation away
Fri, 30 Jul 2010 11:56:34 +0100
Ocado had to rely on existing shareholders - and fund management group Fidelity in particular - to get its recent stock market flotation away.
- Why did Swip's European experiment fail?
Fri, 30 Jul 2010 11:51:55 +0100
Lessons must be drawn from Swip's inability to extend its distribution into Europe.
Citywire News
- Saturday Papers: tips and comment
Sat, 31 Jul 2010 07:00:00 +0100
Better hope the latest US GDP numbers are very wrong on the downside
- Saturday Papers: US growth falls back to 2.4% - other news
Sat, 31 Jul 2010 07:00:00 +0100
Consumption growth fell to 1.6% from 1.9%
- Saturday Papers: Buy-out groups eye $1bn stake in Nokia Siemens Network - bid news and gossip
Sat, 31 Jul 2010 07:00:00 +0100
PPR receives ?significant signs of interest? in its retail arms
- Sterling climbs on US woes but are we really faring better?
Sat, 31 Jul 2010 00:01:00 +0100
The pound has leapt to a five-month high against the dollar as investors compare the UK favourably with the US. Are these hopes valid?
- Mortgages: a tracker could save you money
Sat, 31 Jul 2010 00:01:00 +0100
If economists' forecasts are right and the Base Rate is really set to remain at 0.5% until the end of 2013, then trackers look a much better bet than fixed rate mortgages.
BBC News
- Pakistan floods 'kill 800' people
Sat, 31 Jul 2010 13:47:53 +0000
The worst monsoon floods in living memory kill at least 800 people and affect one million in north-west Pakistan, a local official says.
- 'Progress' in new Afghan mission
Sat, 31 Jul 2010 13:34:21 +0000
British forces are said to be consolidating their hold on ground seized in a Taliban stronghold in southern Afghanistan.
- Flying Vettel takes Hungary pole
Sat, 31 Jul 2010 13:10:39 +0000
Red Bull dominate qualifying for the Hungarian GP, with Sebastian Vettel and Mark Webber on the front row ahead of the Ferraris.
- Giant hailstone breaks US record
Sat, 31 Jul 2010 13:10:21 +0000
A hailstone weighing almost a kilo that fell in the state of South Dakota has been confirmed as the largest ever recovered in the USA.
- Tax credit repayments 'to soar'
Sat, 31 Jul 2010 12:39:55 +0000
Many more people will face having to pay back some of the money paid to them as tax credits because of Budget changes, experts say.
FT.com - Financial Markets News
- Investors drop risk after US GDP data
Fri, 30 Jul 2010 21:43:20 GMT
Global Markets Overview: The FTSE All-World index is down 0.5% following a lower-than-forecast GDP growth report for the US, and the yen and short-term US Treasuries are seeing record demand
- BP move forces trusts to reduce returns
Fri, 30 Jul 2010 21:34:58 GMT
Investment trusts are being forced to cut pay-outs or dip into their reserves to fill the hole left by the suspension of BP?s dividend
- Coffee surges on poor Colombian harvests
Fri, 30 Jul 2010 21:27:38 GMT
Coffee prices hit their highest level in 12 years on the back of low availability of premium Arabica coffee j
- Weak growth weighs on dollar
Fri, 30 Jul 2010 21:22:47 GMT
The dollar fell below Y86 for the first time in eight months on Friday as mounting concerns about the US economy led to broader weakness for the greenback
- Growth fears leave Wall Street flat
Fri, 30 Jul 2010 21:01:33 GMT
Wall Street finished flat after spending most of the day in negative territory because of concerns about the slowing rate of economic growth