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
- Monday Midday Market: FTSE retreats from early highs as bank shares dip
Mon, 13 Oct 2008 12:32:00 GMT
Share still ahead but retreating from highs as banks weigh on gains.
- Iceland's stock exchange still shut
Mon, 13 Oct 2008 11:42:08 GMT
Iceland's stock exchange remains inactive after closure extended for 24 hours.
- Investment veteran Ian Rushbrook dies
Mon, 13 Oct 2008 11:24:00 GMT
Managing director of the Personal Assets Trust, Ian Rushbrook, died yesterday following a short period of illness.
- Germany to pump in ?400 billion to prop up banks, as world follows UK moves
Mon, 13 Oct 2008 11:23:51 GMT
Both Germany and France are set to make announcements today on their own bank rescue plans.
Mortgage News
- KRS sees ER demand fall 16%
Mon, 13 Oct 2008 11:44:09 GMT
Demand for equity release products has dropped by 16% compared to 2007, reveals Key Retirement Solutions.
- Residential care more expensive than home care, says SHIP
Mon, 13 Oct 2008 11:31:55 GMT
Safe Home Income Plans has revealed that the cost of care in a retirement home far outstrips the cost of home care.
- NR cuts SVR and loyalty rates
Mon, 13 Oct 2008 11:17:05 GMT
Northern Rock is passing on the base rate cut by reducing rates on both its SVR and its loyalty rate.
- Salans chooses Proclaim software
Mon, 13 Oct 2008 11:09:01 GMT
Arrears specialist Salans has bought the Eclipse Proclaim case management solution system for its litigation department to deal with collections, debt recovery and re-possession work.
BBC Business News
- Mortgage wish-list 'not prudent'
Mon, 13 Oct 2008 11:33:54 GMT
A government plan for major banks to return mortgage lending to 2007 levels is "not prudent", a lenders' group says.
- Krugman wins Nobel for economics
Mon, 13 Oct 2008 11:33:19 GMT
American Paul Krugman has won this year's Nobel economics prize for his work on trade patterns, it has been announced.
- Markets surge after crisis talks
Mon, 13 Oct 2008 11:25:24 GMT
European and Asian stock markets rally in response to efforts by world leaders to stem the financial turmoil.
- Brown: We'll be rock of stability
Mon, 13 Oct 2008 11:15:21 GMT
The government must be a "rock of stability" for British people during the credit crisis, Prime Minister Gordon Brown says.
BBC News
- Indian batsmen defy Australians
Mon, 13 Oct 2008 11:38:24 GMT
Sachin Tendulkar and VVS Laxman ensure India manage to draw the first Test of four against Australia in Bangalore.
- Mortgage wish-list 'not prudent'
Mon, 13 Oct 2008 11:33:54 GMT
A government plan for major banks to return mortgage lending to 2007 levels is "not prudent", a lenders' group says.
- Krugman wins Nobel for economics
Mon, 13 Oct 2008 11:33:19 GMT
American Paul Krugman has won this year's Nobel economics prize for his work on trade patterns, it has been announced.
- Markets surge after crisis talks
Mon, 13 Oct 2008 11:25:24 GMT
European and Asian stock markets rally in response to efforts by world leaders to stem the financial turmoil.
