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
- HSBC to cut 500 jobs in the UK
Mon, 01 Dec 2008 16:02:23 GMT
Further job losses at bank just three weeks before Christmas as Unite calls the decision a 'disgrace.'
- US shares slide as manufacturing gloom compounds losses
Mon, 01 Dec 2008 15:29:32 GMT
Sharp falls seen early on as manufacturing declines to lowest level in over a quarter of a century.
- Financials to outperform industrials in 2009, says Fidelity's Greetham
Mon, 01 Dec 2008 15:25:54 GMT
Global financial stocks are likely to outperform industrials during 2009, Fidelity asset-allocator Trevor Greetham has predicted, but investors will face hard choices.
- Threadneedle and Protego property fund merger completed
Mon, 01 Dec 2008 15:17:16 GMT
Threadneedle Asset Management has completed the merger of its Property Unit Trust with the Protego UK Property Fund.
Mortgage News
- Cable backs RBS six month grace period
Mon, 1 Dec 2008 14:35:06 GMT
Vince Cable, shadow chancellor for the Liberal Democrats, has called for government supported lenders to follow Royal Bank of Scotland and give borrowers in arrears six months before pursuing repossession.
- Government will cover London Scottish Bank savers
Mon, 1 Dec 2008 13:52:49 GMT
The Treasury has decided to cover consumers’ deposits with London Scottish Bank for those with over £50,000 in savings.
- Minister promises measured regulation for landlords
Mon, 1 Dec 2008 12:48:23 GMT
Iain Wright, MP responsible for the private rented sector, has pledged not to overburden good landlords with further regulation.
- Bank of England to cut rates to record low as gloom intensifies
Mon, 1 Dec 2008 12:46:15 GMT
Data released by the Bank of England today showed mortgage approvals are bottoming out in the low 30 thousands.The number of mortgage approvals for house purchase fell by 1,000 to 32,000 in October – matching August’s record low since records began ...
BBC Business News
- Britain 'needs deeper CO2 cuts'
Mon, 01 Dec 2008 16:39:17 GMT
Official advisers to the UK government demand Britain slash greenhouse gases by a fifth of current levels by 2020 - the toughest target so far.
- Mortgage approvals still falling
Mon, 01 Dec 2008 16:33:39 GMT
Mortgage approvals drop again in October, official figures show, suggesting that house sales and prices have further to fall.
- Luxury car maker axes 600 workers
Mon, 01 Dec 2008 16:27:37 GMT
Luxury car maker Aston Martin announces it is cutting 600 full-time and temporary jobs.
- HSBC confirms 500 UK jobs to go
Mon, 01 Dec 2008 16:24:14 GMT
Banking group HSBC confirms it is cutting 500 jobs across the UK, following a review of the business and the current economic conditions.
BBC News
- Britain 'needs deeper CO2 cuts'
Mon, 01 Dec 2008 16:39:17 GMT
Official advisers to the UK government demand Britain slash greenhouse gases by a fifth of current levels by 2020.
- Three lose jobs over Baby P case
Mon, 01 Dec 2008 16:30:03 GMT
Three people at Haringey Council lose their jobs following a "damning" independent report into the Baby P case.
- HSBC confirms 500 UK jobs to go
Mon, 01 Dec 2008 16:24:14 GMT
Banking group HSBC confirms it is cutting 500 jobs across the UK, following a review of the business and the current economic conditions.
- Clinton named secretary of state
Mon, 01 Dec 2008 16:23:39 GMT
US President-elect Barack Obama names former rival Hillary Clinton as secretary of state, as she vows to give her all.
