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
- Electra seen as top pick for private equity
Fri, 30 Jul 2010 10:45:30 +0100
The trust continues to struggle in the difficult market conditions but at a 30.8% discount, Oriel Securities sees it as a top buy to play a revival in private equity.
- Newcits: hedge funds just don?t get it
Fri, 30 Jul 2010 10:39:14 +0100
Newcits have been hailed as a revolution in the funds business, but we are still in the early stages and the more dramatic transformation is yet to come
- Invista rides UK property rise but casts wary eye on Europe
Fri, 30 Jul 2010 10:24:44 +0100
Momentum in the UK commercial property market helps trigger a £77 million rise in assets at Invsita but it fears the economic problems on the continent will impact performance.
- Markets lose ground ahead of US GDP announcement
Fri, 30 Jul 2010 09:17:22 +0100
Investors are steeling themselves for disappointment from this afternoon's release of US economic growth figures for the second quarter.
BBC Business News
- Sale of EDF's UK networks agreed
Fri, 30 Jul 2010 09:50:38 +0000
A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
- Deadline for tax credits renewal
Fri, 30 Jul 2010 09:35:38 +0000
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.
- Strikes and ash extend BA losses
Fri, 30 Jul 2010 09:11:26 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
- Disney sells Miramax film studios
Fri, 30 Jul 2010 09:06:28 +0000
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
BBC News
- Strikes and ash extend BA losses
Fri, 30 Jul 2010 10:09:02 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
- Greek hauliers defy strike order
Fri, 30 Jul 2010 10:07:02 +0000
Greek lorry drivers continue a strike in Athens, in defiance of an emergency order imposed by the government.
- Prescott Iraq intelligence doubts
Fri, 30 Jul 2010 10:01:04 +0000
The intelligence on Iraq's weapons threat was not "very substantial", former deputy prime minister Lord Prescott says.
- Expenses four in appeals defeat
Fri, 30 Jul 2010 09:58:50 +0000
Three ex Labour MPs and an ex-Tory peer lose appeals over a ruling that they are not protected from prosecution over expenses fraud allegations.