News and comment

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Citywire Investment News

• James Montier: The 'Austerians' will destroy the recovery and usher in deflation
  Fri, 30 Jul 2010 13:33:04 +0100
  The 'Austerians' could destroy an economic recovery and increase the likelihood of deflation, warns influential investor James Montier.
  

• Saints hikes divi and expects shareholder 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.
  

FT.com - Financial Markets News

• Investors drop risk after US GDP data
  Fri, 30 Jul 2010 21:43:20 GMT
  Global Markets Overview: The FTSE All-World index is down 0.5% following a lower-than-forecast GDP growth report for the US, and the yen and short-term US Treasuries are seeing record demand
  

• BP move forces trusts to reduce returns
  Fri, 30 Jul 2010 21:34:58 GMT
  Investment trusts are being forced to cut pay-outs or dip into their reserves to fill the hole left by the suspension of BP?s dividend
  

• Coffee surges on poor Colombian harvests
  Fri, 30 Jul 2010 21:27:38 GMT
  Coffee prices hit their highest level in 12 years on the back of low availability of premium Arabica coffee j
  

• Weak growth weighs on dollar
  Fri, 30 Jul 2010 21:22:47 GMT
  The dollar fell below Y86 for the first time in eight months on Friday as mounting concerns about the US economy led to broader weakness for the greenback
  

BBC Business News

• Interns are 'entitled to be paid'
  Fri, 30 Jul 2010 23:00:34 +0000
  Many young people working free as interns may legally be entitled to pay, a report says.
  

• Tax credit repayments 'to rocket'
  Fri, 30 Jul 2010 23:00:09 +0000
  Many more people will have to pay back some of the money paid to them as tax credits because of Budget changes, experts say.
  

• Sale of EDF's UK networks agreed
  Fri, 30 Jul 2010 22:21:50 +0000
  A consortium headed by Hong Kong billionaire Li Ka-Shing has agreed a deal to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
  

• Northwest agrees to pay $38m fine
  Fri, 30 Jul 2010 19:45:44 +0000
  Northwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says.
  

BBC News

• Deaths rise in South Asia monsoon
  Sat, 31 Jul 2010 01:56:44 +0000
  Floods caused by heavy monsoon rain kill more than 400 people in Pakistan and Afghanistan, washing away whole villages, roads and bridges.
  

• Wedding belle
  Sat, 31 Jul 2010 01:09:06 +0000
  Why Chelsea Clinton continues to fascinate
  

• Australia awaits bushfire verdict
  Sat, 31 Jul 2010 00:43:55 +0000
  A royal commission report into Australia's worst bushfire disaster, which left 173 people dead in 2009, is to be made public.
  

• Ash cloud cost firm £45,000 a day
  Sat, 31 Jul 2010 00:43:35 +0000
  The grounding of flights because of volcanic ash cost an airports operator £45,000 each day air services were disrupted.
  

Citywire News

• Sterling climbs on US woes but are we really faring better?
  Sat, 31 Jul 2010 00:01:00 +0100
  The pound has leapt to a five-month high against the dollar as investors compare the UK favourably with the US. Are these hopes valid?  
  

• Mortgages: a tracker could save you money
  Sat, 31 Jul 2010 00:01:00 +0100
  If economists' forecasts are right and the Base Rate is really set to remain at 0.5% until the end of 2013, then trackers look a much better bet than fixed rate mortgages.
  

• Lorna Bourke: beware car insurance rip-offs
  Sat, 31 Jul 2010 00:01:00 +0100
  How I found myself paying over the odds for motor insurance I took out for my daughter.
  

• Fund of the Week: MG Optimal Income
  Sat, 31 Jul 2010 00:01:00 +0100
  The MG Optimal Income fund run by Richard Woolnough is one of our favourite investments. Head of research Jonathan Miller explains why.
  

FT.com - Equities

• Growth fears leave Wall Street flat
  Fri, 30 Jul 2010 22:01:33 +0100
  Wall Street finished flat after spending most of the day in negative territory because of concerns about the slowing rate of economic growth
  

• Wellstream in frame as takeover talk swirls
  Fri, 30 Jul 2010 20:39:16 +0100
  London's oil services companies were in focus as Royal Bank of Scotland raised the prospect of renewed takeover activity in the sector
  

• Financials put in a solid show
  Fri, 30 Jul 2010 20:31:15 +0100
  Economic data from the US restoked fears about the strength of global economic recovery, prompting a third running session of losses
  

• US growth slows in second quarter
  Fri, 30 Jul 2010 20:25:16 +0100
  US growth slowed to an annualised rate of 2.4 per cent in the second quarter but robust business demand suggested that the economy would avoid a feared "double dip" that could drag the world back into recession
  

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