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
- FSA considers extending short selling rules to all shares
Wed, 07 Jan 2009 17:29:26 GMT
New short-selling disclosure rules may be extended to all stocks rather than just selected bank shares, it emerged on Wednesday.
- AA-rated Woodford: UK treasury GDP forecasts 'too optimistic'
Wed, 07 Jan 2009 17:00:48 GMT
Invesco Perpetual's head of equities Neil Woodford says the latest UK treasury forecasts of a 1% fall in UK GDP in 2009 are 'too optimistic'.
- Closing Market: Bleak US jobs data sends FTSE down 2.8%
Wed, 07 Jan 2009 16:56:26 GMT
UK shares extend losses after report in the States shows unemployment climbing faster than expected.
- Oil falls as US inventory data points to falling demand
Wed, 07 Jan 2009 16:17:00 GMT
The price of oil fell in afternoon deals after a much larger than expected rise in US stockpiles.
Mortgage News
- FSA proposes to speed up FSCS payouts
Wed, 7 Jan 2009 14:25:03 GMT
The Financial Services Authority is planning to ensure consumers are paid compensation within seven days if a bank fails.
- A&L launches fixed rates from 3.49%
Wed, 7 Jan 2009 13:25:43 GMT
Alliance & Leicester has come out with a new mortgage range with rates from 3.49%.
- L&G forecasts big hit to remortgage market
Wed, 7 Jan 2009 12:42:48 GMT
Legal & General mortgage club is predicting that the remortgage market is set to suffer as SVRs fall in line with base rate cuts.
- Upheld advert complaint against Experian
Wed, 7 Jan 2009 12:04:27 GMT
The Advertising Standards Authority has upheld a complaint made against credit information company Experian for a misleading radio advert.
BBC Business News
- MS boss: 'I won't take pay rise'
Wed, 07 Jan 2009 17:24:01 GMT
Marks and Spencer boss Sir Stuart Rose says he won't take a pay rise this year after cutting 1,230 jobs at the chain.
- Apprenticeship boost in downturn
Wed, 07 Jan 2009 16:43:00 GMT
The government is pledging more money to create apprenticeships as part of its efforts to tackle the downturn in the economy.
- Viyella goes into administration
Wed, 07 Jan 2009 16:42:48 GMT
The clothing firm Viyella, which was founded in 1784, calls in administrators to sell the business.
- US deficit 'to hit $1 trillion'
Wed, 07 Jan 2009 16:04:48 GMT
The Congressional Budget Office says the the federal government deficit will exceed $1 trillion next year, the largest on record.
BBC News
- Schools remain closed amid freeze
Wed, 07 Jan 2009 17:41:06 GMT
Dozens of schools remain closed and thousands of homes are without water as the UK continues to suffer from the effects of freezing weather.
- Black holes 'preceded galaxies'
Wed, 07 Jan 2009 17:35:36 GMT
Astronomers solve a cosmic chicken-and-egg question: what came first - black holes or galaxies?
- Chairlift mishap strips US skier of trousers
Wed, 07 Jan 2009 17:30:32 GMT
A skier was left dangling from a chairlift at an American resort after he became stuck upside-down with his trousers round his ankles.
- MS boss: 'I won't take pay rise'
Wed, 07 Jan 2009 17:24:01 GMT
Marks and Spencer boss Sir Stuart Rose says he won't take a pay rise this year after cutting 1,230 jobs at the chain.
