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
- Colin McLean's guide to bubble watching
Wed, 19 Jun 2013 14:56:00 +0100
A failure to identify bubbles has been a recurring weakness of investor psychology. Most are unprepared for the crashes that follow booms
- Raymond James to offer wealth managers flat-rate pricing model
Wed, 19 Jun 2013 14:50:00 +0100
Back office provider Raymond James Investment Services is introducing a flat-rate pricing model that will enable wealth managers to trade funds and UK shares without incurring execution charges.
- Kleinwort owner wins boardroom battle against hedge fund rebels
Wed, 19 Jun 2013 14:34:35 +0100
Kleinwort Benson owner RHJ International has won its battle against a group of rebel shareholders led by hedge fund Equilibria Capital.
- Dalton?s Caldecott remains defensive after successful gold call
Wed, 19 Jun 2013 13:42:35 +0100
Dalton Strategic Partnership?s chief investment officer Rupert Caldecott is maintaining a defensive stance with a high cash weighting, having made a successful call to sell out of gold at the start of the year.
BBC Business News
- Lloyds to return to private hands
Wed, 19 Jun 2013 19:45:44 GMT
George Osborne has used his annual Mansion House speech to the City to announce the government is preparing to sell its stake in Lloyds Bank back to private investors.
- Fed maintains pace of asset purchase
Wed, 19 Jun 2013 19:41:07 GMT
The Federal Reserve maintains its $85bn-a-month (£54bn) asset purchase programme, and Fed chairman Ben Bernanke says the bank could begin scaling back the programme later this year.
- London Market Report
Wed, 19 Jun 2013 18:19:40 GMT
Shares in London fall back, with investors expected to remain cautious ahead of comments from the US Federal Reserve.
- Postal workers reject privatisation
Wed, 19 Jun 2013 16:39:42 GMT
Royal Mail workers vote strongly against the government's proposals to privatise the postal group.
- Obama calls for nuclear arsenal cuts
Wed, 19 Jun 2013 20:26:22 GMT
Speaking at Berlin's Brandenburg Gate, President Barack Obama calls for reductions to be made in US and Russian nuclear stockpiles.
- First minister backs RBS break-up
Wed, 19 Jun 2013 20:26:13 GMT
The first minister backs a break-up of RBS to split its risky investment bank from its mainstream business.
- Kerry calls Karzai to defuse tension
Wed, 19 Jun 2013 20:24:09 GMT
The US Secretary of State John Kerry calls the Afghan leader to defuse tension over the opening of a Taliban office, an Afghan official tells the BBC.
- Snow death woman's calls unanswered
Wed, 19 Jun 2013 20:19:09 GMT
A 25-year-old woman died from hypothermia in the snow following a night out drinking after phone calls to friends and family were unanswered, an inquest hears.