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News and comment

Welcome to your on-line financial newsletter. This service is regularly updated to bring you news of important developments in financial matters.

The news stories on this page have been written and produced by a third party and neither nor its representatives can be held responsible for the accuracy of the content/information contained within these stories.

Citywire Investment News

• Transocean slams BP's 'self-serving' Gulf of Mexico disaster report
  Wed, 08 Sep 2010 15:50:00 +0100
  (Update) A BP report found a 'number of parties' share the blame for the Deepwater Horizon but Transocean and Halliburton have hit back at the 'flawed' report. 
  

• Economic growth slowing but remains 'robust', says think tank
  Wed, 08 Sep 2010 15:00:00 +0100
  UK growth was 0.7% in the three months ending in August, down from 1.3% in the three months ending in July, according to estimates from NIESR.
  

• GAM launches market neutral credit Newcits fund
  Wed, 08 Sep 2010 14:08:07 +0100
  GAM has added another fund to its growing Newcits range with the launch of the GAM Star Diversified Market Neutral Credit fund on its Ucits III platform.
  

• Investment Line: eight reasons why deflation is a slow burning threat
  Wed, 08 Sep 2010 13:38:51 +0100
  The recent rise in commodity prices has raised inflation concerns but Capital Economics believes the biggest threat to the global economy continues to be deflation.
  

BBC Business News

• Google revamps search system
  Wed, 08 Sep 2010 20:57:27 GMT
  The search giant launches a system with web links appearing as soon as characters are typed into the query box.
  

• Dublin to break up Anglo Irish
  Wed, 08 Sep 2010 20:39:30 GMT
  The Irish government has said it will break up the nationalised Anglo Irish Bank.
  

• BP spreads blame over oil spill
  Wed, 08 Sep 2010 20:38:01 GMT
  A BP report says "a series of failures" by BP and its contractors were to blame for the massive Gulf of Mexico oil spill.
  

• Goldman Sachs fined £20m by FSA
  Wed, 08 Sep 2010 20:24:23 GMT
  Wall Street banking giant Goldman Sachs is fined £20m by the UK's financial watchdog, the BBC learns.
  

Citywire Money, Tax and Property

• Morning Line: the mortgage lending tactics that distort the market
  Wed, 08 Sep 2010 11:03:33 +0100
  Mortgage lenders should follow Coventry's example and stop practices like conditional lending.
  

• House prices rise for second month, erasing previous losses ? Halifax
  Wed, 08 Sep 2010 09:06:47 +0100
  House prices have increased for a second month, up 0.2% after July's 0.7% rise, with activity largely 'static'.
  

• Ask Citywire: ask us a question about money and we will get you an answer
  Wed, 08 Sep 2010 00:01:00 +0100
  Got a question about personal finance or investment? Post it in our forums and we will help you get an answer.
  

• First time buyers: some tips to help you raise a deposit
  Tue, 07 Sep 2010 00:01:00 +0100
  Increasing numbers of first time buyers are getting help from their parents to raise a deposit. That's fine if you have cash to spare, but what does everyone else do?
  

FT.com - Financial Markets News

• Cocoa price falls at Ivory Coast forecast
  Wed, 08 Sep 2010 21:18:08 GMT
  Traders sold on forecasts of a strong crop in Ivory Coast, which accounts for 40 per cent of global output
  

• US equities edge up as Europe fears recede
  Wed, 08 Sep 2010 21:12:53 GMT
  US stocks rose as concerns about Europe?s debt problems eased and investors shrugged off the Fed?s Beige Book, which reported a slowdown in the US economic recovery
  

• Hays stacks up gains on the back of bid speculation
  Wed, 08 Sep 2010 19:53:18 GMT
  Wider market reversed opening losses, with the FTSE 100 ending less than 10 points away from its four-month high
  

• Portugal auction improves European sentiment
  Wed, 08 Sep 2010 18:47:37 GMT
  European equities advance as concerns about banks and periphery eurozone economies eased by successful bond auction in Portugal
  

BBC News

• Google unveils 'instant' searches
  Wed, 08 Sep 2010 21:09:45 GMT
  Google speeds up its internet search engine by launching a new product, Google Instant, that displays results as soon as users type in queries.
  

• Vitamin B 'puts off Alzheimer's'
  Wed, 08 Sep 2010 21:05:21 GMT
  High doses of B vitamins may slow the rate of brain shrinkage in older people experiencing warning signs of Alzheimer's disease, a new study says.
  

• Merkel defends Danish cartoonist
  Wed, 08 Sep 2010 20:51:00 GMT
  German Chancellor Angela Merkel defends the Danish cartoonist Kurt Westergaard, whose drawings of the Prophet Muhammad caused outrage in 2006.
  

• BP spreads blame over oil spill
  Wed, 08 Sep 2010 20:38:01 GMT
  BP's internal investigation into the oil spill in the Gulf of Mexico finds that "a series of failures" was to blame
  

Citywire News

• Transocean slams BP's 'self-serving' Gulf of Mexico disaster report
  Wed, 08 Sep 2010 15:50:00 +0100
  (Update) A BP report found a 'number of parties' share the blame for the Deepwater Horizon but Transocean and Halliburton have hit back at the 'flawed' report. 
  

• Economic growth slowing but remains 'robust', says think tank
  Wed, 08 Sep 2010 15:00:00 +0100
  UK growth was 0.7% in the three months ending in August, down from 1.3% in the three months ending in July, according to estimates from NIESR.
  

• European debt worries re-emerge as Ireland extends guarantees
  Wed, 08 Sep 2010 12:19:16 +0100
  Fears that the high levels of debt in peripheral European countries could cause yet another shock in the markets have re-emerged.
  

• Morning Line: the mortgage lending tactics that distort the market
  Wed, 08 Sep 2010 11:03:33 +0100
  Mortgage lenders should follow Coventry's example and stop practices like conditional lending.
  

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