News and comment
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Citywire Investment News
- Investment Line: 10 years after the crash tech is flying and its cheap
Wed, 10 Mar 2010 10:14:27 GMT
Tech has just enjoyed its best year of relative performance since 2000, but is still only trading on a multiple of 1.1x the market despite an anticipated MA boom as the new cycle of technology kicks in.
- Henderson's Kerley backs Chinese property for income
Wed, 10 Mar 2010 10:11:40 GMT
Henderson Horizon Asian Dividend Income manager Mike Kerley is bullish on the income prospects for Chinese property and Asian banks.
- Market Update: Unexpected fall in industrial production halts early advance
Wed, 10 Mar 2010 10:05:02 GMT
Banks and miners continue to lend support and Tullett Prebon surge after confirming a bid approach.
- Broker Roundup Update: Deutsche Bank positive on Barclays and Lloyds
Wed, 10 Mar 2010 09:30:28 GMT
Goldman neutral on Aviva and Numis has a buy for FC AM.
- Treasury confirms Budget date as 24 March
Wed, 10 Mar 2010 09:05:55 GMT
The Treasury is expected to confirm Budget day will be 24 March, making a 6 May general election more likely.
BBC Business News
- Insurers 'face $7bn Chile bill'
Wed, 10 Mar 2010 10:43:45 GMT
The earthquake in Chile may cost the global insurance industry as much as $7bn (4.7bn), Swiss Re estimates.
- UK industrial output falls back
Wed, 10 Mar 2010 10:31:20 GMT
Industrial production in the UK fell unexpectedly in January, dropping by 0.4% form December, official data has shown.
- German exports fall unexpectedly
Wed, 10 Mar 2010 10:24:17 GMT
German exports fell unexpectedly in January, with analysts saying that the cold weather that month was to blame.
- Banking fraud 'moves to internet'
Wed, 10 Mar 2010 10:12:37 GMT
Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, research suggests.
- Budget in two weeks, Darling says
Wed, 10 Mar 2010 10:10:34 GMT
This year's Budget will be held on Wednesday 24 March, Chancellor Alistair Darling confirms.
Citywire Money, Tax and Property
- Consumer groups attack delay to reform of PPI market
Wed, 10 Mar 2010 10:36:31 GMT
Consumer bodies urge Financial Services Authority to push ahead with reform of PPI after it announces a further six week consultation period.
- Euro equities face long debt struggle in wake of Greek crisis
Wed, 10 Mar 2010 10:01:00 GMT
Economists warn that austerity measures in the PIIGS will result in a protracted period of low growth.
- Fraudster convicted over £34m ponzi scheme
Wed, 10 Mar 2010 09:31:34 GMT
Investment roadshow fraudster Kevin Foster has been convicted of stealing investors' funds after masterminding a £34 million ponzi scheme that ran for nearly a decade.
- Treasury confirms Budget date as 24 March
Wed, 10 Mar 2010 09:05:55 GMT
The Treasury is expected to confirm Budget day will be 24 March, making a 6 May general election more likely.
- Have you paid too much tax?
Wed, 10 Mar 2010 08:29:45 GMT
A key HMRC deadline for reclaiming overpaid tax is fast approaching. The elderly, self-employed and higher rate taxpayers in particular should take care to check they are not still owed by the tax man.
Citywire News
- Consumer groups attack delay to reform of PPI market
Wed, 10 Mar 2010 10:36:31 GMT
Consumer bodies urge Financial Services Authority to push ahead with reform of PPI after it announces a further six week consultation period.
- Market Update: Unexpected fall in industrial production halts early advance
Wed, 10 Mar 2010 10:05:02 GMT
Banks and miners continue to lend support and Tullett Prebon surge after confirming a bid approach.
- Euro equities face long debt struggle in wake of Greek crisis
Wed, 10 Mar 2010 10:01:00 GMT
Economists warn that austerity measures in the PIIGS will result in a protracted period of low growth.
- Fraudster convicted over £34m ponzi scheme
Wed, 10 Mar 2010 09:31:34 GMT
Investment roadshow fraudster Kevin Foster has been convicted of stealing investors' funds after masterminding a £34 million ponzi scheme that ran for nearly a decade.
- Broker Roundup Update: Deutsche Bank positive on Barclays and Lloyds
Wed, 10 Mar 2010 09:30:28 GMT
Goldman neutral on Aviva and Numis has a buy for FC AM.
BBC News
- Berezovsky wins poison libel case
Wed, 10 Mar 2010 10:53:43 GMT
Oligarch Boris Berezovsky wins his libel case over claims he was behind the murder of former Russian agent Alexander Litvinenko.
- Jerusalem row clouds Biden visit
Wed, 10 Mar 2010 10:45:46 GMT
The US Vice-President meets the Palestinian leadership, after Israeli plans for more homes in East Jerusalem are announced.
- Insurers 'face $7bn Chile bill'
Wed, 10 Mar 2010 10:43:45 GMT
The earthquake in Chile may cost the global insurance industry as much as $7bn (4.7bn), Swiss Re estimates.
- More schools fail Ofsted checks
Wed, 10 Mar 2010 10:43:34 GMT
More schools in England are being judged as inadequate in Ofsted's new-style inspections, according to figures just released.
- File-sharing sanctions 'unfair'
Wed, 10 Mar 2010 10:39:06 GMT
Illegal file-sharers should be fined, rather than have their internet connection cut off, says the boss of BT.