Editor's Picks
RBS chairman warns of more job losses
Friday 03 Apr 2009
Philip Hampton, the new chairman of Royal Bank of Scotland, warned today there will be more job losses at the now state-owned bank, ahead of what is expected to be a stormy AGM. Hampton said the bank will need to achieve the annual cost reduction targets of £2.5bn that have been set within the next three years. "In the UK this year so far we have announced around 2,700 posts will go.
G20 unveils $1.1tn global stimulus plan
Thursday 02 Apr 2009
Leaders at the G20 summit in London have agreed a plan that addresses US and UK desires for a massive spending programme to stimulate the global economy and the Franco-German push to rein in the liberal economic system they blame for the current crisis.
First rise in house prices since 2007
Thursday 02 Apr 2009
UK house prices increased for the first time since October 2007 last month as house purchase activity leapt to its highest since May last year, according to the Nationwide Building Society.
G20 to unveil global stimulus plan
Thursday 02 Apr 2009
Leaders at the G20 summit in London are set to put the International Monetary Fund at the heart of their latest plan to kickstart the ailing global economy. The major part of the plan envisages Japan, the EU and other countries making $750bn available for the IMF to rescue struggling economies, compared with $250bn previously.
PartyGaming in Italian job
Thursday 02 Apr 2009
Online gaming firm PartyGaming is to launch an online poker tournament service in Italy in partnership with lottery company INTRALOT.
ECB cuts rate to 1.25%
Thursday 02 Apr 2009
The European Central Bank (ECB) has slashed interest rates in the 16-country eurozone to an all time low of 1.25%, surprising analysts who had expected an even larger cut.
Madoff feeder fund charged, assets seized
Thursday 02 Apr 2009
Fairfield Greenwich, the biggest feeder fund to Bernard Madoff's investment management firm, has been accused of deliberately turning a blind eye to the disgraced financier's Ponzi scheme.
First rise in house prices since 2007
Thursday 02 Apr 2009
UK house prices increased for the first time since October 2007 last month as house purchase activity leapt to its highest since May last year, according to the Nationwide Building Society. The average cost of a home rose by 0.9% in March to £150,946, leaving the annual decline at 15.7%. Prices fell 1.9% in February and 17.6% over the year.
Comment: Fools and their money
Wednesday 01 Apr 2009
Today is ‘All Fools Day’ but rather than publish a spoof news article, such as a major oil find for French exploration company Avril Fuels, I thought I’d look back at some high-profile investment decisions over the last year that, in retrospect, may have been foolish. Abraham Lincoln famously said ‘You can’t fool all of the people all of the time,’ but Bernie Madoff had a pretty good go at it.
G20 leaders try to agree deal
Wednesday 01 Apr 2009
The G20 leaders are trying to agree on a global plan for economic reform as anti-capitalist protesters look to upstage the gathering of the world leaders. Demonstrations began in the city’s financial district with some protesters forcing their way inside an RBS office. There have also been some clashes with police, with several arrests being made.
Entertainment Rights goes into administration
Wednesday 01 Apr 2009
UK television licencing firm Entertainment Rights has appointed administrators and sold off its UK and US subsidiaries to private equity firm, Boomerang Media.
Only days left to use ISA allowance
Wednesday 01 Apr 2009
With just days left to invest in a tax-free ISA before the 5 April deadline, last minute savers will have to make a quick decision on where to put their money.
G20 plan 'hours' away
Wednesday 01 Apr 2009
The G20 leaders are only 'hours' away from agreeing a global plan for economic reform, according to the Prime Minister Gordon Brown.
Fools and their money
Wednesday 01 Apr 2009
Today is ‘All Fools Day’ but rather than publish a spoof news article, such as a major oil find for French exploration company Avril Fuels, I thought I’d look back at some high-profile investment decisions over the last year that, in retrospect, may have been foolish. Abraham Lincoln famously said ‘You can’t fool all of the people all of the time,’ but Bernie Madoff had a pretty good go at it ..
G20 plan 'hours' away
Wednesday 01 Apr 2009
The G20 leaders are only 'hours' away from agreeing a global plan for economic reform, according to the Prime Minister Gordon Brown. His claim came after meeting US President Barack Obama this morning at 10 Downing Street. Obama said there was a 'sense of urgency' on the need to tackle to global economic crisis.
Fools and their money
Wednesday 01 Apr 2009
Today is ‘All Fools Day’ but rather than publish a spoof news article, such as a major oil find for French exploration company Avril Fuels, I thought I’d look back at some high-profile investment decisions over the last year that, in retrospect, may have been foolish. Abraham Lincoln famously said ‘You can’t fool all of the people all of the time,’ but Bernie Madoff had a pretty good go at it with his Ponzi scheme.
Johnson Matthey in line, lower sales
Wednesday 01 Apr 2009
Car catalyst provider Johnson Matthey said trading in the three months to 31 March has been in line with expectations, though sales were lower due to the drop in demand for automotive products and lower platinum group metal prices.
FSA arrests linked to insider dealing ring
Wednesday 01 Apr 2009
The Financial Services Authority has continued its crackdown on financial crime with the arrest of two people suspected of involvement in an insider dealing ring.
Obama meets Brown ahead of G20 summit
Wednesday 01 Apr 2009
US President Barack Obama has arrived at 10 Downing Streets for talks with Prime Minister Gordon Brown as the G20 summit of the world’s largest economies gets underway. Divisions within the G20 already appeared to be emerging ahead of the summit, with the UK and US favouring further fiscal stimuli to breathe life back into the global economy and countries such as France and
Darling retreats on business rate rise
Tuesday 31 Mar 2009
Chancellor Alistair Darling will raise business taxes by only 2%, instead of the 5% earmarked previously, in order to help businesses through the recession.Business rates were supposed to rise by 5% from 1 April but now will only rise 2% in the year, with the remaining 3% raised over the next two years.
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