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
- 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.
BBC Business News
- Sale of EDF's UK networks agreed
Fri, 30 Jul 2010 22:21:50 +0000
A consortium headed by Hong Kong billionaire Li Ka-Shing has agreed a deal to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
- Northwest agrees to pay $38m fine
Fri, 30 Jul 2010 19:45:44 +0000
Northwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says.
- BP boss scaling back oil effort
Fri, 30 Jul 2010 18:46:21 +0000
Incoming BP chief executive Bob Dudley has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico.
- Iran trade sanctions hit Dubai port
Fri, 30 Jul 2010 18:36:07 +0000
In Dubai's port area, the renewed clampdown by the US on trade with Iran is hurting many legitimate, local businesses.
BBC News
- Huntley to sue over prison attack
Fri, 30 Jul 2010 22:47:53 +0000
Soham killer Ian Huntley is to sue the Prison Service for compensation after his throat was slashed in an attack by a fellow inmate.
- Israel launches Gaza air strikes
Fri, 30 Jul 2010 21:36:41 +0000
Israel launches air strikes into the Gaza Strip, reports say, hours after a Palestinian rocket hit the southern Israeli city of Ashkelon.
- Five Taliban off UN sanction list
Fri, 30 Jul 2010 21:33:56 +0000
Five Taliban are removed from a sanctions list by the UN Security Council, a move sought by Kabul to ease rapprochement with insurgents.
- Should squirrel be on the menu?
Fri, 30 Jul 2010 21:15:43 +0000
A north London grocery store is committing "wildlife massacre" by selling squirrel meat, an animal welfare group has claimed. Vegetarians International Voice for Animals (Viva) accused a branch of Budgens of supporting a "barbaric and needless cull" of grey squirrels.
