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
- Thursday Closing Market: UK indices propelled to August highs
Thu, 28 Aug 2008 16:56:37 GMT
A strong start for US stocks propelled UK indices further ahead thoroughly extinguishing losses incurred earlier in the day.
- UBS replaces UK wealth management head Pottage
Thu, 28 Aug 2008 15:43:54 GMT
The chief executive of UBS? struggling wealth management division in the UK, John Pottage, has been stripped of his leadership role following months of wranglings with departing staff.
- Pimco to launch distressed debt 'Disco' fund
Thu, 28 Aug 2008 14:10:45 GMT
The world's largest bond fund manager, Pacific Investment Management Co (Pimco), is looking for ?5 billion to buy up distressed mortgage backed debt for a new fund, according to reports in the US.
- Artemis hires Keattch to support Derek Stuart
Thu, 28 Aug 2008 13:52:48 GMT
Artemis has hired industry veteran Ruth Keattch to work alongside co founder Derek Stuart.
Mortgage News
- TCF Homeloans returns to Kensington panel
Thur, 28 Aug 2008 17:13:36 GMT
TFC Homeloans has been reinstated on the Kensington Mortgages packager panel.
- Sesame offers brokers Leadbay discount
Thur, 28 Aug 2008 15:00:25 GMT
Sesame has joined forces with Leadbay to bring its members an exclusive offer of discounted leads.
- Number of sub-prime deals slashed by over 80%
Thur, 28 Aug 2008 12:50:24 GMT
The number of sub-prime deals on the market has decreased dramatically since July last year, falling from 8,148 to just 1,252, figures from Moneyfacts.co.uk show.
- Mortgage Next increases commission on GI
Thur, 28 Aug 2008 12:10:54 GMT
Mortgage Next Network has increased commission rates for its appointed representatives that arrange general insurance via its Source online comparison system.
BBC Business News
- Zoom heads towards administration
Thu, 28 Aug 2008 16:07:33 GMT
Transatlantic budget carrier Zoom Airlines applies to go into administration after two flights are grounded.
- EU concern over phone bill trend
Thu, 28 Aug 2008 14:59:32 GMT
Some mobile phone operators across Europe have been rounding up call durations to leave customers with higher bills, the European Commission says.
- US GDP rebounds with 3.3% growth
Thu, 28 Aug 2008 14:50:50 GMT
The US economy grew 3.3% in the second quarter of 2008, the Commerce Department said, much higher than first thought.
- Hurricane fears raise oil prices
Thu, 28 Aug 2008 14:39:02 GMT
The cost of crude rises for a fourth straight day on fears that Tropical Storm Gustav may disrupt oil production.
BBC News
- 'PM terror threat' three charged
Thu, 28 Aug 2008 17:19:01 GMT
Three men who were being questioned about an alleged threat to kill Gordon Brown have been charged with terror offences.
- Live text - Murray v Llodra
Thu, 28 Aug 2008 17:05:09 GMT
British number one Andy Murray takes on France's Michael Llodra in the second round of the US Open.
- Venice view
Thu, 28 Aug 2008 17:04:06 GMT
The galas, gossip and glamour of the Venice Film Festival
- Man Utd to face Celtic in Europe
Thu, 28 Aug 2008 16:51:05 GMT
Holders Man Utd will meet Scottish champions Celtic, Villarreal and Aalborg in the group stages of the Champions League.
