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: Oil price tumbles alongside global stocks
Thu, 20 Nov 2008 16:53:20 GMT
Shares on both sides of the Atlantic suffered another day of declines, after more torrid economic news.
- Shareholders shoot down Eaglet director dealing changes
Thu, 20 Nov 2008 16:20:27 GMT
Shareholders have blocked plans to turn the Eaglet investment trust into a directors? dealing mandate, throwing the new ownership?s plans for the fund into disarray.
- Oil dips below $50 while US shares take another beating
Thu, 20 Nov 2008 14:56:35 GMT
US shares down again following yesterday's deep falls, as jobs data sends investors running for cover.
- RBS shareholders say yes to government bail-out
Thu, 20 Nov 2008 14:27:44 GMT
Shareholders approved the £20 billion bail-out backed by the government in a vote this afternoon.
Citywire Money, Tax and Property
- Further rise in public debt ahead of Monday's pre-budget report
Thu, 20 Nov 2008 14:33:06 GMT
The govt deficit has hit £1.8 billion, compared to the £1.4 billion surplus a year earlier.
- New house builds lowest on record
Thu, 20 Nov 2008 10:13:48 GMT
But gross mortgage lending rose slightly in October compared to September.
- Morning Line: Markets tank as fears over funding intensify
Thu, 20 Nov 2008 10:12:00 GMT
Banks across the globe come under further pressure while junk bond yields hit historic highs. Where will companies go for funding?
- Equity markets still at risk of further shocks, LG warns
Thu, 20 Nov 2008 08:43:20 GMT
Recent central bank moves to shore up markets should provide some support, LG says, but serious risks still remain.
BBC Business News
- Recession fears hit stock markets
Thu, 20 Nov 2008 20:03:41 GMT
World stockmarkets falter amid growing concerns that the world economy is entering a protracted downturn.
- No agreement for US car bail-out
Thu, 20 Nov 2008 19:34:23 GMT
US politicians say there is no agreement on a rescue plan to help the crisis-hit "Big Three" carmakers.
- Russia pushes Ukraine on gas debt
Thu, 20 Nov 2008 18:05:20 GMT
Russia demands Ukraine to repay a $2.4bn gas debt, raising fears of a renewed dispute which could disrupt supplies to Europe.
- Mothercare sees its profit double
Thu, 20 Nov 2008 17:14:23 GMT
Baby goods retailer Mothercare says it is well-placed for Christmas as strong growth in its international and online business helps boost profits.
BBC News
- Recession fears hit stock markets
Thu, 20 Nov 2008 20:03:41 GMT
World stockmarkets falter amid growing concerns that the world economy is entering a protracted downturn.
- Pc on BNP member list suspended
Thu, 20 Nov 2008 19:59:38 GMT
Merseyside Police suspend an officer after he is named on a list of British National Party (BNP) members.
- No agreement for US car bail-out
Thu, 20 Nov 2008 19:34:23 GMT
US politicians say there is no agreement on a rescue plan to help the crisis-hit "Big Three" carmakers.
- S Africa to cut aid to Zimbabwe
Thu, 20 Nov 2008 19:03:13 GMT
South Africa's cabinet says it will withhold $28m of aid to Zimbabwe until a representative government is in place.
