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
- Poor returns and ouflows force Carmignac to shut thematic fund
Mon, 06 Feb 2012 14:39:02 Z
Fifteen years after it was first launched, Carmignac Innovation has 'not lived up to expectations', the French firm said.
- Elsa warns FSA life settlement fund ban has major implications
Mon, 06 Feb 2012 14:34:09 Z
The European Life Settlement Association have issued a strongly worded statement warning that a ban on Traded Life Policy Investments (TPLI) would damage other asset classes.
- Aussie firm sells 14 million Henderson shares
Mon, 06 Feb 2012 13:27:10 Z
Australian-based JCP Investment Partners has sold a little more than 14 million shares in the fund group ahead of its full-year numbers later this month.
- Is the emerging market rally a red herring?
Mon, 06 Feb 2012 13:26:40 Z
Emerging markets dominate the list of the world's best-performing indices year to date but can the region continue to go from strength to the strength.
- 7IM eyes EU sovereign debt for unconstrained fund launch
Mon, 06 Feb 2012 12:30:57 Z
Seven Investment Management has launched its first internally managed fund, an unconstrained vehicle with the flexibility to invest 100% in cash or a range of assets ncluding unloved euro area debt.
FT.com - Financial Markets News
- Money flows back into emerging markets
Mon, 06 Feb 2012 17:35:12 GMT
Equity funds which fell out of favour for much of last year attracted $3.5bn in the week ending February 1, the most in almost a year
- Greece talks cast lengthy shadow
Mon, 06 Feb 2012 17:34:51 GMT
Sentiment on global markets restrained by disunity of Greek politicians on austerity measures but selling looks modest
- FTSE lower as investors remain cautious
Mon, 06 Feb 2012 17:09:51 GMT
Shares edge lower after robust data lifted hopes that the worst of the global slowdown was over and helped the FTSE rise nearly 3% last week
- Brent crude oil breaks three-month high
Mon, 06 Feb 2012 16:25:13 GMT
Metals give up Friday?s gains from strong US labour data while WTI-Brent price differential widens to more than $18 in late-afternoon trade
- Greek worries weigh on Wall Street
Mon, 06 Feb 2012 15:20:14 GMT
US stocks followed global indices lower, as Greece appeared to edge closer to default
FT.com - Equities
- Money flows back into emerging markets
Mon, 06 Feb 2012 17:35:12 GMT
Equity funds which fell out of favour for much of last year attracted $3.5bn in the week ending February 1, the most in almost a year
- Greece talks cast lengthy shadow
Mon, 06 Feb 2012 17:34:51 GMT
Sentiment on global markets restrained by disunity of Greek politicians on austerity measures but selling looks modest
- FTSE lower as investors remain cautious
Mon, 06 Feb 2012 17:09:51 GMT
Shares edge lower after robust data lifted hopes that the worst of the global slowdown was over and helped the FTSE rise nearly 3% last week
- Greek worries weigh on Wall Street
Mon, 06 Feb 2012 15:20:14 GMT
US stocks followed global indices lower, as Greece appeared to edge closer to default
- Julius Baer hit after weak results and US probe
Mon, 06 Feb 2012 12:31:10 GMT
Weak results and an ongoing US investigation into allegations of tax evasion among Swiss banks hit Julius Baer which saw its shares fall 4.7%
FT.com - Your Investments
- Investors offered renovation gamble
Fri, 3 Feb 2012 18:37:41 +0000
Tax incentives for renovating business premises provide a low-outlay, high-risk opportunity
- Call for fund fees 'labelling'
Fri, 3 Feb 2012 18:24:22 +0000
A new fund fees disclosure would have to be voluntary, industry claims
- Banks increase structured product offers
Fri, 3 Feb 2012 18:20:50 +0000
Banks tailoring new investments to suit clients who want to beat inflation
- Big pharma tipped as tonic for investors
Fri, 3 Feb 2012 18:19:55 +0000
Takeover targets offer 'exceptional gains' but high-yielding multinationals offer better balance of risk and return
- Up to £500 an hour?for financial advice
Fri, 3 Feb 2012 18:13:14 +0000
Investors face hourly rates Investors face hourly rates after commission ban next year
BBC News
- Deaths in Lahore factory collapse
Mon, 06 Feb 2012 17:48:34 GMT
An illegal medicine factory collapses in the eastern Pakistani city of Lahore, killing at least nine people, including women and children, officials say.
- Man on officer murder bid charges
Mon, 06 Feb 2012 17:46:12 GMT
A 41-year-old Lurgan man appears in court charged with attempting to murder two police officers.
- Gers Whyte may have lied to court
Mon, 06 Feb 2012 17:39:44 GMT
BBC Scotland uncovered evidence which suggests Rangers owner Craig Whyte may have lied in court.
- Radical cleric Qatada given bail
Mon, 06 Feb 2012 17:20:37 GMT
Radical cleric Abu Qatada is granted bail following a hearing at the UK's Special Immigration Appeals Commission.
- Mail editor 'knew of detectives'
Mon, 06 Feb 2012 17:16:58 GMT
The Daily Mail's editor was aware the paper was using private detectives but not of the extent to which it was doing so, the Leveson Inquiry hears.
FT.com - Your Pension
- Savers?gain better access to 'protected rights'
Fri, 3 Feb 2012 18:12:56 +0000
Easier access to 'protected rights' pension funds will offer flexibility and potential inheritance tax savings
- Warning over holiday lets for pensions
Fri, 3 Feb 2012 17:53:36 +0000
New schemes allow Sipp investors to gain exposure to property investments ? but some administrators are refusing to hold them
- Employees lack pension saving knowledge
Wed, 1 Feb 2012 12:25:16 +0000
Workers risk not generating enough retirement income
- Auto-enrolment campaign launched
Fri, 27 Jan 2012 19:12:17 +0000
Deadline for making 'full' pension contributions is put back
- Protect your pension from 55% tax
Fri, 27 Jan 2012 18:53:02 +0000
Higher earners and investors with large retirement funds are being urged to protect their retirement income, before the lifetime allowance is cut
Citywire Money, Tax and Property
- House prices rose 0.6% in January, says Halifax
Mon, 06 Feb 2012 09:54:16 Z
The average UK house price is now £161,000.
- The 20 postcodes most 'at risk' of burglary
Fri, 03 Feb 2012 09:35:34 Z
The areas in the UK that see the most home insurance claims for theft or burglary, and the postcodes that are least at risk.
- House prices flat as market 'dogged by uncertainty'
Mon, 30 Jan 2012 00:01:00 Z
January marked the eighteenth month that house prices did not rise, according to Hometrack.
- Buying a house is now cheaper than renting one
Sat, 28 Jan 2012 00:01:00 Z
Buying a house is over £100 a month cheaper than renting, according to Halifax. Wales is the exception.
- Mansion tax: a terrible, unworkable idea
Wed, 25 Jan 2012 11:58:02 Z
Vince Cable?s plan to impose a tax on properties worth more than £2 million is impractical, unethical and cowardly, argues Linton Chiswick.
FT.com - Your Tax
- Investors offered renovation gamble
Fri, 3 Feb 2012 18:37:41 +0000
Tax incentives for renovating business premises provide a low-outlay, high-risk opportunity
- Can I offset losses on my Railtrack shares?
Fri, 3 Feb 2012 18:21:10 +0000
Does a foolish investment entitle me to a tax rebate?
- Brussels to overhaul rules on state aid
Thu, 2 Feb 2012 17:47:56 +0000
Joaquín Almunia, EU competition commissioner, plans to change the ground rules for state aid to cut irrelevant cases, target resources and free up manpower
- HMRC launches contractual disclosure facility
Thu, 2 Feb 2012 14:10:59 +0000
Taxpayers who are not under investigation but want to admit to tax fraud can come clean in exchange for not being criminally investigated
- Can I minimise tax on buying a country estate?
Fri, 27 Jan 2012 18:55:36 +0000
What are inheritance tax issues associated with buying land?
BBC Business News
- House prices 'up 0.6% in January'
Mon, 06 Feb 2012 16:43:13 GMT
UK house prices increased by 0.6% in January, according to the latest survey from the Halifax.
- China loosens grip on yuan
Mon, 06 Feb 2012 16:35:11 GMT
Foreigners allowed to invest directly using yuans
- Brazil privatises three airports
Mon, 06 Feb 2012 15:52:22 GMT
The Brazilian government privatises three airports, including the country's largest in Sao Paulo, in sales valued at $14bn.
- Network Rail boss forgoes bonus
Mon, 06 Feb 2012 15:39:26 GMT
Network Rail bosses, including chief executive Sir David Higgins, say they will not accept bonuses this year amid growing political pressure.
- VIDEO: Greece restarts debt crisis talks
Mon, 06 Feb 2012 15:37:54 GMT
The BBC's Aaron Heslehurst on the resumption of Greece's debt crisis talks and China's refusal to pay a new EU airline tax.
Citywire News
- FTSE drifts as Greek debt talks muddle on
Mon, 06 Feb 2012 17:27:52 Z
Britain?s benchmark index slips as Greek premier Lucas Papademos fails to win backing from other party leaders for more spending cuts.
- ?Toxic? pension system deprives retirees of 30% of income
Mon, 06 Feb 2012 11:55:30 Z
Retirees are missing out on £1 billion of income each year after falling foul of an opaque and unfair annuity market.
- Diary of a Dumb Investor: buying protection for the 2012 crash
Mon, 06 Feb 2012 11:46:47 Z
If 2011 took me unawares, much like Russian forces early in World War II, this year will be my Stalingrad ? and Personal Assets will help me turn the tide.
- Chart of the Day: Goldman Sachs says you?ll be richer this year
Mon, 06 Feb 2012 10:58:47 Z
And you won't have to endure a return to recession either, the bank's economists say.
- How I caught a good pension... by mistake
Mon, 06 Feb 2012 10:54:40 Z
My decision to start paying into a pension 25 years ago was a good one, says Lawrence Lever, even if it was a controversial 'with profits' policy.
