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
- Saints hikes dividend and expects shareholders 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.
- Why did Swip's European experiment fail?
Fri, 30 Jul 2010 11:51:55 +0100
Lessons must be drawn from Swip's inability to extend its distribution into Europe.
BBC Business News
- Benefits face 'radical' shake-up
Fri, 30 Jul 2010 11:26:13 +0000
Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.
- Strikes and ash extend BA losses
Fri, 30 Jul 2010 11:22:45 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
- US sees paper profit on bail-outs
Fri, 30 Jul 2010 11:05:34 +0000
Assets bought by the US to bail out AIG and Bear Stearns are showing a paper profit, the Federal Reserve Bank of New York says.
- Disney sells Miramax film studios
Fri, 30 Jul 2010 10:16:58 +0000
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
BBC News
- Bail for fugitive tycoon Nadir
Fri, 30 Jul 2010 12:25:27 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, is granted bail.
- Widow's relief as remains found
Fri, 30 Jul 2010 12:21:16 +0000
The widow of a man believed to have been killed by the IRA in 1981 said she felt sad but relieved that her husband's remains appeared to have been found.
- Points failure caused rail crash
Fri, 30 Jul 2010 12:20:20 +0000
A points failure caused the Potters Bar train crash which killed seven people, an inquest jury decides.
- Suspect mail at US' Paris embassy
Fri, 30 Jul 2010 12:16:28 +0000
Staff at the US embassy in Paris are given medical checks after a suspicious package is found but tests say it is not harmful.