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
- Barclays to lay off hundreds more staff
Wed, 07 Jan 2009 11:44:28 GMT
Bank to cut more than 400 roles within its IT department.
- EasyJet growing passenger numbers as big rival struggles
Wed, 07 Jan 2009 11:04:27 GMT
Low-cost carrier gaining market share after rival British Airways reports fall in traffic.
- Shop prices fall their fastest for years
Wed, 07 Jan 2009 10:56:59 GMT
The prices for non-food goods fell at their fastest rate for two years as retailers made huge reductions to draw in shoppers.
- Dexion Absolute must deliver on tender price next week to survive
Wed, 07 Jan 2009 10:48:08 GMT
Analysts believe Dexion Absolute must offer good terms to investors in its redemption offer next week to avoid shareholder action to force a wind-up of the trust.
Mortgage News
- Standard & Poor's upgrades Paragon
Wed, 7 Jan 2009 10:41:06 GMT
Standard & Poor’s has upgraded the ratings on two of Paragon’s securitised portfolios.
- Pilot system launches to help brokers with TCF
Wed, 7 Jan 2009 10:07:33 GMT
Competent Adviser has teamed up with software firm FinQS to launch a pilot system to help brokers prepare for visits from the Financial Services Authority.
- Savills Lending Solutions teams up with Tiuta
Tue, 6 Jan 2009 17:05:30 GMT
- Clydesdale and Yorkshire parent mulls UK exit
Tue, 6 Jan 2009 16:43:26 GMT
National Australia Bank may sell off its British banking subsidiaries Yorkshire and Clydesdale Banks as part of a wider review of its business operations.
BBC Business News
- UK car sales fall to 12-year-low
Wed, 07 Jan 2009 11:49:58 GMT
UK car sales in 2008 are 11.3% lower than they had been in 2007, following a 21.2% drop in December.
- MS to close stores and cut jobs
Wed, 07 Jan 2009 11:48:40 GMT
Marks and Spencer says it plans to close 25 Simply Food stores and two of its regular stores, and cut 1,230 jobs.
- India IT boss quits over scandal
Wed, 07 Jan 2009 11:27:56 GMT
The boss of Satyam, India's fourth-biggest software firm, resigns after admitting to irregularities in its accounts.
- Dispute hits Europe gas supplies
Wed, 07 Jan 2009 11:12:22 GMT
Exports of Russian gas to Europe via Ukraine stop altogether with both countries accusing each other of turning off the tap.
BBC News
- UK car sales fall to 12-year-low
Wed, 07 Jan 2009 11:49:58 GMT
UK car sales in 2008 are 11.3% lower than they had been in 2007, following a 21.2% drop in December.
- MS to close stores and cut jobs
Wed, 07 Jan 2009 11:48:40 GMT
Marks and Spencer says it plans to close 25 Simply Food stores and two of its regular stores, and cut 1,230 jobs.
- Pietersen out as England captain
Wed, 07 Jan 2009 11:47:43 GMT
Kevin Pietersen has left his position as England captain and coach Peter Moores will follow, BBC Sport understands.
- Israel to pause Gaza bombardment
Wed, 07 Jan 2009 11:28:19 GMT
Israel says it will halt its bombing of the Gaza Strip for a three-hour period each day, as pressure grows for a ceasefire.
