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SVM to launch two new multi-asset funds
SVM Asset Management has announced the launch of two new multi-asset funds in a bid to target "more cautious investors".
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18587019
FT: House prices down 0.2 % in April
House prices in England and Wales fell again during April, in a sign of the deepening gloom in the property market.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18587014
More businesses turning to bridging finance
More and more business owners are turning to bridging loans as mainstream lenders reluctance to grant credit becomes more entrenched.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18587009
Over-50s saving less for retirement
People approaching retirement age are committing less and less of their money to savings and pensions, potentially leaving themselves facing financial difficulties in old age.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18587002
Repossession claims up during Q1
The number of home repossession claims rose during the first quarter, new figures have revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586987
Investors keep faith in 130/30 funds
UK investors are keeping faith in 130/30 funds despite the hit their performance has taken due to the credit crunch.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586505
Brit drivers urged to read small print of insurance cover
Millions of Brits are risking severe financial consequences by failing to read the small print on ther motor insurance policies, a new survey suggests.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586490
More firms targeting alternative investment companies
Companies are increasingly targeting alternative investments firms, as they seek to mitigate the impact of the credit crunch.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586482
FSA cracks down on price comparison sites
Price comparison sites have been warned to improve their ratings systems following an investigation into the burgeoning sector from the Financial Services Authority (FSA).
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586473
Energy prices fuels rise for US stocks
US stocks rose yesterday with shares in mining and energy companies leading the way.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586464
Putin pledges to boost economy in inaugural address
Vladimir Putin has pledged to turn Russia into one of the world's largest economies.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586459
Funds exodus drives down coffee prices
Prices for coffee are dropping as investment funds increasingly return to equities, new figures have shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18586453
Northern Rock shareholders begin legal action
Northern Rock shareholders are close to commencing legal action over the level of compensation they are set to receive after the bank was taken under state control.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584989
Estate agents' confidence fell in April
Confidence among estate agents declined last month amid signs that the slowdown in the UK property sector is deepening.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584987
Brits prepared to flout law with insurance claims
Millions of UK motorists are prepared to lie to an insurer if they felt that the success of their car insurance claim was in doubt, a new survey has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584984
Food price inflation hit 4.7% in April
UK food price inflation rose by almost five per cent last month, according to new figures.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584978
MPC holds interest rates at 5%
The Bank of England's monetary policy committee (MPC) has opted to maintain the key base rate of interest at five per cent, in a move that was widely anticipated by analysts.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584512
Banks to hike account charges by 20%
A number of UK high street banks are set to increase their monthly bank charges by 20 per cent, amid fears that a cap on unfair overdraft fees imposed by the Office of Fair Trading (OFT) will curb revenue.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584126
More firms set to offload pension schemes
A number of the UK largest employers could be set to offload their pension schemes this year, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584125
India bans futures trading in four food commodities
The Indian commodities regulator has announced it has suspended trading in four commodities for a limited period.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584119
Building societies urged to shore up stress-tests
Buildings societies have been told to improve their stress-testing systems to avoid the impact of financial shocks such as the credit crunch.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584111
Thai economy grew by 6% in Q1, minister says
The rate of expansion for the Thai economy quickened during the first three months of this year, the country's finance minister has claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584108
Asian stocks slide for second day
Asian stocks were down for the second consecutive day yesterday, with financial shares recording the most marked drop.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584103
GLG Partners outflows to hit $5bn
London-based hedge fund GLG Partners is poised to suffer capital outflows reaching as much as $5 billion in the wake of the departure of star fund manager Greg Coffey.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18584101
Norwich Union ethical fund to shun biofuels
A fund manager at Norwich Union has confirmed that the company will continue to invest only lightly in biofuels.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582818
Buyers warned over using debt to fund deposit
Home buyers must be very wary of attempting to buy a house without readily available funds, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582814
Pricing 'realistically' is key to selling home
Sellers can still expect to find a buyer for their home despite the slowdown in the property sector, according to one of the UK's largest estate agents.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582812
Jupiter launches new fund
Jupiter has announced the launch of a new fund aimed at investors with a medium to long-term outlook.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582808
Crunch boosts annuity payments
The credit crunch is set to prove a boon to workers nearing retirement, new figures suggest.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582805
Consumer sentiment hits four-year low
Consumer sentiment fell to its lowest level for four years during April, according to a new survey.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582252
Scheme to cut insurance premiums for young drivers
Young drivers could see their insurance premiums cut significantly under new government plans to encourage them to continue to improve their driving skills through a system of courses.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582247
US buyout-backed IPOs are top performers
Initial public offerings (IPOs) backed by private equity firms have been the best performing offerings in the US over the last five years, new data has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582245
Nikkei closes on four-month high
Japan's Nikkei average hit a four month closing high yesterday, buoyed by rises for resource-related shares.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582239
FSA slams government for delay over new powers
The Financial Services Authority (FSA) has strongly criticised the government for dragging its heels over granting new powers to crack down on financial crime.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582231
Indian GDP growth could hit 8.9%
The Indian economy is set to expand by between 8.5 per cent and 8.9 per cent over the next two years, according to the National Council for Applied Economic Research.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582227
RAB Capital shares plunge on profit warning
A profit warning issued by listed hedge fund RAB Capital prompted a plunge in its share value this yesterday.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18582224
Reuters poll: Bank to defer rate cut this month
Analysts overwhelmingly believe that the Bank of England will opt to maintain the key base rate of interest at five per cent this month.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18581139
Lowry sale to gauge impact of crunch
Analysts are expected to pay close attention to the sale of four LS Lowry paintings next month to assess how the credit crunch has impacted on demand for alternative investments.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18581031
Thousands of women due pension windfall
Tens of thousands of women could be in line for a windfall in the wake of a discovery that they have not been receiving their full state pension.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18581026
Sovereign wealth funds 'to target London property market'
Sovereign wealth funds are set to have a more visible impact on the central London property market in the months to come, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18581021
India to ban food futures trading outright?
India is mulling imposing a blanket ban on trading in futures in food commodities, as the government attempts to control surging price inflation.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18581018
Borrowers assured over future of equity release
Falling house prices will not bring about an end to the practice of releasing equity from homes, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18581009
May 6th named most expensive day of the year
Britons will today feel more strain on their finances than on any other day of the year, new research has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18580116
Brits can earn 'extra ?200 by switching bank accounts'
Britons are missing out on over £200 per year in interest by failing to take advantage of the best value current accounts on the market, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18580108
Wall Street shares hit by Yahoo deal collapse
The collapse of Microsoft's attempt to acquire Yahoo prompted Wall Street stocks to slump from recent highs yesterday.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18580103
FSA recruits more prosecutors to tackle market abuses
The UK financial regulator has increased the size of its team of criminal prosecutors, as it steps up its campaign to crack down on insider dealing.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18580101
Hedge funds set for "supercharged returns"
The prevailing economic conditions will help hedge funds to record "supercharged returns" over the next couple of years, a fund manager has predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18580086
Surging oil prices could impair recovery
Skyrocketing oil prices could impair the global economy's recovery from the credit crisis, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18580082
Pension reforms have prompted rash of IFA enquiries
The introduction of reforms to pensions has fuelled a huge rise in people seeking advice as to how best to maximise their retirement funds, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18579083
NIESR cuts UK growth forecast
The National Institute of Economic and Social Research (NIESR) has cut its forecast for UK GDP growth, it has been confirmed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18579076
'Safe' fund has lost millions
A UK-based money market fund which was seen as a safe alternative to cash has lost millions of pounds, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18579064
Property downturn hits confidence in construction sector
Falling prices in the property market are impacting on confidence levels in the construction sector, it has been found.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18579048
FSA gives green light to UK first Islamic insurance firm
The UK's first ever Islamic insurance provider has been granted regulatory approval by the Financial Services Authority (FSA).
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18578338
Brits cutting holiday spending as credit dries up
Tighter constraints on the availability of credit and the rising cost of living are prompting millions of Britons to curb their holiday spending this year, a new survey suggests.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18578329
House prices fell 1.3% last month
House prices fell by 1.3 per cent during April, according to Halifax' latest monthly house price survey.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18578327
Indian shares rise in early trading
The Federal Reserve's cut to the key base rate of interest has fuelled early gains for Indian shares.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18578315
Chinese and Indian economies to post 8% growth
The Chinese and Indian economies will post growth of around eight per cent over the next two years, despite the projected downturn in the US economy, according to a new report.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18578306
Hedge fund cut fees to draw in investors
Hedge funds are increasingly cutting fees in a bid to secure more investment, it has been reported.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18578304
Oil down as Exxon strike abates
Oil prices dropped yesterday amid predictions that Exxon will recommence production at its Nigerian operations.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18578299
Bank of England: Sub-prime losses 'overstated'
The potential total losses accruing from the US sub-prime mortgage market collapse have been overstated, the Bank of England's twice yearly Financial Stability Report has claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576926
Copper edges up amid supply concerns
Copper prices posted slight gains today amid concerns over supply stemming from strike action at the world's largest producers, but the strong dollar continued to impact on the metal.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576918
Crunch prompts flood of IFA enquiries
More and more Britons are seeking professional help from financial advisers as they look to limit the impact of the credit crunch on their finances and make the most of their savings.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576912
Victims of card fraud 'risk damage to credit rating'
Borrowers whose credit card details are used to commit fraud could see their credit rating severely impaired, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576907
Pension protection laws 'will have limited impact'
Moves to protect pension funds in the event of private equity takeovers may not safeguard the schemes as much as it is hoped, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576867
N.Ireland house prices 'set to slump this year'
The average price of a property in Northern Ireland is set to slump dramatically by the end of the year, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576149
Soaring petrol prices 'to drive motorists off the road'
The cost of motoring will weigh even further on household finances in the near future, with petrol prices set to soar over the next two years.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576143
Investors 'to target US equities this year'
Investors are set to target equities in increasing numbers as the boom in commodity prices subsides, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576133
South Korea confirms plan to cut corporation tax
The South Korean government has confirmed plans to cut the rate of corporation tax, in a bid to provide fresh impetus for the country's economy.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576127
Fund managers up stocks and bonds holdings
UK fund managers trimmed their cash holdings during April while simultaneously raising equity and bond holdings, a new survey has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576111
Dow Jones down at close despite early gains
After gains in early trading the Dow Jones industrial average closed lower yesterday despite the Federal Reserve's decision to trim the key base rate of interest.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576095
Fed trims rate by 0.25%
The Federal Reserve cut the US key base rate of interest by 0.25 per cent yesterday, in a bid to provide fresh stimulus to the flagging economy and crisis-hit housing market.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18576091
Q1 profits fuel rise for oil shares
Better than expected returns for oil companies have prompted a surge of investment into oil stocks, according to reports.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574733
Ifas are 'crucial to growth of ethical investments'
The specialist knowledge held by independent financial advisers (IFAs) will mean they are crucial to the future success of ethical investments, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574725
Long term savers urged to look beyond savings accounts
Long term savers looking for a safe investment opportunity amid fears of an economic downturn should think carefully before depositing their money in savings accounts, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574716
Brits facing financial hardship in retirement
Millions of Britons could be confronted with financial hardship in later life through underestimating how long they will live, a pension provider has warned.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574319
Pensions funds 'to target reduced risk investments'
UK pension funds will increasingly look to target investment in specialist bonds and global equities, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574308
Nikkei 'closed 0.3% down'
Stocks on Japan's leading exchange dropped yesterday, led by marked declines for commodities companies.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574304
Bloomberg poll: US economic growth at five year low
The US economy is likely to have grown at its slowest rate for five years during the first quarter of this year, according to a poll of analysts.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574299
FSA: Insider dealing on the rise
Over 25 per cent of all mergers and acquisitions enacted in the UK during the last two years could have involved insider dealing, the Financial Services Authority (FSA) has claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574295
House prices down for sixth month in a row
UK house prices declined for the sixth consecutive month during April, new data has revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18574289
Retail sales slumped in April
UK retailers suffered their worst month for sales in April for two and a half years, new data shows.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18572658
RBS and NatWest trim rates on mortgages
Royal Bank of Scotland (RBS) and NatWest have both confirmed they are to cut rates on selected home loans.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18572651
Mortgage approvals slumped in March
The number of mortgages approved by lenders fell to a record low last month, new data reveals.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18572637
Consider subsidence risk when planting trees, insurer warns
Homeowners should exercise caution when planting trees in their gardens or risk leaving the property vulnerable to subsidence, a home insurance provider has warned.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18572633
Image-conscious Brits build up debt mountain
Young Britons' obsession with image is causing them to build up significant debts, a study has revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18572606
HBOS confirms ?4m cash call
HBOS has followed the example of Royal Bank of Scotland (RBS) and has confirmed details of a right issue to shore up its balance sheet.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18572590
House prices down 0.4% in March
UK house prices fell for the second month in a row during March, new figures reveal.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18571769
Saudi poised to launch fund
Saudi Arabia is in the "final stages" of launching its sovereign wealth fund, it has been reported.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18571766
CBI calls for revamp of corporation tax
The head of the Confederation of British Industry (CBI) has called for a revamp of corporate tax laws to prevent companies moving their operations to Ireland.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18571758
More companies reporting insolvency
A significant rise in the number of companies suffering "critical" problems was noted during the first quarter, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18571750
Isa sales hit record low
Sales of individual savings accounts (Isas) hit a record low during the first quarter, new data from the Investment Management Association (IMA) shows.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18571743
SWFs set to exceed US output by 2015
Sovereign wealth funds (SWFs) are growing so fast that they are set to exceed the economic output of the US by 2015 and the EU by 2016, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18571738
Shaken Brits stashing money in mattresses
Britons have become so wary of banks that more than one in ten perceives that the best place for their savings is under the mattress, a new study has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18570733
Lenders continue to up rates on loans
Borrowers are facing increasingly high repayment terms on personal loans, a price comparison site has warned.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18570602
BCC: UK business holding up in face of crunch
The impact of the credit crunch is centred principally on the City of London rather than on businesses outside the capital, a new report suggests.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18570595
Check terms of savings account offers, site warns
Consumers have been urged to check the fine print of savings accounts with headline-grabbing rates currently being offered by banks and building societies.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18570583
Brits see private banking as 'preserve of the rich'
Britons still mistakenly regard private banking as the exclusive preserve of the very rich, a new study has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18570574
RBS to cull 7,000 ABN Amro staff
Royal Bank of Scotland (RBS) is set to commence the integration of ABN Amro this week by culling around 7,000 jobs.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18570069
Repossessions to soar 25% this year
The number of homeowners facing repossession is set to soar this year, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18570048
House prices fell 0.6% in April
UK house price fell again during April for the seventh consecutive month, new figures have shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18569786
Super rich defy credit crunch
The credit crunch has failed to curb the burgeoning growth of Britain's richest people, according to the Sunday Times Rich List.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18569783
Q1 outflows hitting US mutual funds
The first three months of the year saw outflows from US mutual funds hit their worst level for a decade, new data shows.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18569779
HBOS 'mulling rights issue'
HBOS could be set to announce a multi-million rights issue today to shore up its balance sheet, it has been reported.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18569776
Blackstone launching European property fund
Blackstone Group is accumulating capital for a fund to cherrypick acquisitions in the European property sector.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18569769
New build prices 'up 0.6%'
New build properties are defying the price drops currently affecting the property market, new data shows.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18568529
Brits slack on home security, says insurer
Homeowners are failing to do enough to safeguard their homes from burglars, a new survey has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18568520
Most first time buyers 'safe from negative equity'
First time buyers should not be alarmed by reports that the levels of negative equity are set to increase, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18568514
Mobile banking to fuel rise of 'secret saving'
The privacy afforded by mobile banking will prompt more and more couples to be secretive about their savings, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18567918
Credit Suisse posts ?1.6bn loss
Credit Suisse has posted a loss of £1.06 billion for the first quarter - its first quarterly deficit for five years.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18567912
UK fund ignores call to scrap J-Power deal
A UK hedge fund has vetoed calls for it to scrap plans to increase its stake in a top Japanese power wholesaler.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18567727
BlackRock fails to meet IPO target
BlackRock has confirmed that it has failed to meet its funding target for an initial public offering (IPO) for a fund of hedge funds.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18567723
BRC questions retail figures
The outlook for UK retailers is far worse than recent figures suggest, a trade body has claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18567713
Pay increases held firm in March
Pay increases for British workers remained at a stable level during the first quarter, a new survey has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18567708
Rights issue unlikely for Barclays
Barclays Bank is unlikely to emulate Royal Bank of Scotland's £12 billion rights issue, according to the lender's top executives.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18567698
Mortgage relief plan will take time to work, says broker
Borrowers will not benefit from relaxed lending criteria from lenders for some time yet, according to one of the UK's largest mortgage brokers.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18566576
Emerging markets named top investment area
Emerging markets have been named as the most attractive investment area for buyers of protected investments.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18566557
OFT wins bank charges case
A High Court judge has ruled in favour of the Office of Fair Trading (OFT) in a test case hearing over overdraft charges.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18566548
High street spending down 0.4% in March
High street spending was down more than had been anticipated during March, new data shows.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18566537
Shopping around cuts home insurance costs in half
Homeowners can cut the cost of their home insurance in half by shopping around for the best deal, according to a price comparison site.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18566090
Which? slams mobile phone providers
The UK's mobile phone providers are offering a substandard service to their customers, a consumer magazine has claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18566087
China sovereign wealth fund raises overseas investment quota
China's sovereign wealth fund has increased its provision for investing overseas, it has been reported.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18566075
Banks urged to be more vigilant over identity theft
UK financial institutions must do more to safeguard their customers from the threat of identity theft, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18565657
Libor rises despite government relief plan
The cost of securing funding for UK banks is continuing to rise despite moves from the Bank of England and the Treasury to alleviate the tight conditions in the money markets.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18565654
Verdict due in overdraft charges case
A landmark decision is expected today in the court case over unfair overdraft charges.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18565468
MPC split three ways over interest rates
Minutes from the Bank of England's monetary policy committee's (MPC) latest meeting show a three-way split between members, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18564611
Demand for rental accommodation up 33%
The slowdown in the housing market is fuelling increased demand for rental property, a new survey has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18564606
Mortgage approvals fell in March
Mortgage approvals for house purchase slumped during March, new figures show.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18564014
BBC: Online fraud totalled ?500m last year
Banks have not disclosed the true extent of online credit and debit card fraud, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18564005
Families' food bills skyrocket by ?800
Food bills for the average household have surged over the last year, new figures reveal.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18563980
Sub-prime lender to launch rights issue
Sub-prime lender Cattles is to seek £200 million from investors through a rights issue, it has been announced.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18563640
Shareholders step up calls for Goodwin's resignation
Pressure is continuing to mount on Fred Goodwin to depart his position as chief executive of Royal Bank of Scotland.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18563636
Citigroup chief: 'Worst of crunch is over'
The head of Citigroup has claimed that the worst effects of the credit crunch have already passed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18563630
'City pay structures contributed to crunch'
The blame for the credit crisis lies in part on the design of remuneration packages for City workers, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18563625
Coffey quits GLG hedge fund
Greg Coffey has left London-based, New York-listed hedge fund GLG to start his own fund, it has been confirmed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18563613
High street spending down 1.6% in March
The gloomy outlook for UK retailers deepened during March as spending continued to slow, according to new figures.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18562571
Darling summons mortgage lenders for crisis talks
The chancellor has called the Council of Mortgage Lenders to a summit to explore ways of alleviating the growing pressure on UK homeowners.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18562566
Investors shunning hedge funds
Investors are turning away from hedge funds in the wake of the collapse of several high-profile funds, new data has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18562563
More homeowners 'opting to rent out rooms'
More and more Britons are renting out spare rooms in their homes in the face of deteriorating conditions in the mortgage market, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18562560
Abbey pulls buy to let mortgages
Abbey has become the latest lender to withdraw mortgage products with the news that it will no longer be offering a raft of its buy to let mortgages.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18562556
Brits hit by hidden broadband charges
Millions of broadband users are leaving themselves vulnerable to unexpected charges levied by their internet service providers, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18562547
RBS confirms terms of rights issue
Royal Bank of Scotland (RBS) has announced details of a right issue as it bids to shore up its balance sheet.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18562534
Brits blase over credit card fraud
Millions of Britons are putting themselves at risk of credit card fraud by failing to take adequate precautions, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18561756
6.8m Brits in debt to energy supplier
Millions of Britons are in debt to their gas and electricity providers, according to a new study.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18561742
City unconvinced by government rescue plan
The government's £50 billion rescue plan for UK banks has had a muted response from the City, according to reports.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18561728
Asking prices for homes slipped 0.1% in March
Asking prices for UK properties dropped by 0.1 per cent last month as stasis began to set in the housing market.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18560522
Families face 25% rise in energy bills
Families are set to face their household budgets squeezed yet further as energy companies prepare to increase their gas and electricity tariffs, it has been reported.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18560519
18,000 Brits turned down for credit cards daily
Thousands of Britons are being rejected for credit cards every day as lenders react to the credit crunch by tightening their lending criteria.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18560510
Aspirational Brits chasing middle class lifestyles
Millions of working class Britons are using credit to fund a middle class fantasy lifestyle, a price comparison site has claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18559846
Darling to press banks to allow mortgage holidays
Homeowners struggling with repayments could be offered a mortgage holiday under plans set to be proposed this week.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18559840
UK economy facing 'painful adjustment'
The UK's economic growth is set to moderate this year as consumer demand becomes curbed by the credit crunch, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18559828
Hedge fund Brevan Howard plans to relocate
London-based hedge fund Brevan Howard is believed to be considering relocating its headquarters in response to tax rises.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18559819
Companies' optimism on the wane
UK companies' optimism about the direction of the UK economy has fallen for the seventh consecutive month, a new survey suggests.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18559816
Darling to reveal rescue plan for banks
The chancellor of the exchequer will today announce details of a £50 billion plan to restore liquidity to the financial markets and instil new confidence in the UK economy.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18559814
UK banks 'to launch rights issues'
Investment banks are set to follow the lead of Royal Bank of Scotland (RBS) and launch rights issues as the credit crunch deepens, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18559808
Public sector borrowing within target last year
Government borrowing during the last financial year was within the chancellor's budget, it has emerged.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18558551
Arrears rising as debt management options contract
The reduced availability of cheap balance transfer deals on credit cards is already having repercussions on peoples' finances, according to a UK debt charity.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18558546
Floods fail to spike insurance premiums
Predictions of a surge in the cost of insurance premiums after last year's floods have been proved misguided, a study has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18558511
Soros calls for regulation for hedge funds
Billionaire financier George Soros has called on regulators to impose tighter restrictions on the activities of hedge funds.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18558503
Mortgage lending edged up in March
Gross mortgage lending edged up during March despite the onset of a slowdown in the housing market, new figures reveal.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18558459
Providers overcharging for household services
Over a third of UK consumers have been overcharged for a household bill over the last 12 months, new research suggests.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18557629
Morgan Stanley: Millions facing negative equity
Millions of UK homeowners could be poised to fall into negative equity over the next two years, a report from Morgan Stanley has suggested.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18557627
Range of mortgage products down 70%
A new study has provided further evidence of the shrinking choice for homebuyers as more and more lenders withdraw mortgage products.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18557623
Banks flood to bid for emergency loans
Investment banks have inundated the Bank of England with bids for emergency loans, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18557619
RBS mulling ?12bn rights issue?
Royal Bank of Scotland (RBS) is believed to considering a rights issue in a bid to raise up to £12 billion.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18557617
Merrill Lynch to cut 400 City staff
Merrill Lynch has announced it plans to cut thousands of jobs, as it attempts to cut costs in the wake of large quarterly losses.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18557612
Homebuyers urged to check utility tariffs
Homebuyers have been urged to check they are not being overcharged by utility companies when they move into their new property.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18556571
Woolwich raises rates on buy to let products
Woolwich has increased rates and fees on its range of buy to let mortgage loans, it has been confirmed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18556568
Adding on arrangement fees should be 'a last resort'
Britons should only add arrangement fees onto their mortgage as a last resort, a price comparison site has warned.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18556544
Internet is top resource for financial information
More and more Britons are making the internet their first port of call when seeking information about financial products and services, a survey has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18556512
Brits confess to lying to insurance provider
Millions of Britons are lying to their motor insurance provider in order to secure cheaper premiums, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18556022
Shelter: First time buyers squeezed out of market
The disparity between house price inflation and wages has limited access to the housing market for first time buyers, new research has shown.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18556019
Savers benefit from higher rates
Savers are benefiting from increasingly attractive rates of interest, according to new research.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18555674
New powers for pensions regulator
The pensions regulator is to be given new powers to ensure that members of pension schemes do not lose out in the event of company takeovers.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18555667
BBA brings forward Libor review
A planned review of the how the London Interbank Offered Rate (Libor) is set has been brought forward by the British Bankers Association (BBA).
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18555661
Regulator unveils new banking rules
The most prominent regulator in the banking sector has unveiled new rules to crack down on risky practices and increase the cost of complex debt securities.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18555656
John Paulson tops hedge fund earnings list
The head of Paulson & Co has been named the top-earning hedge fund manager last year in a financial magazine.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18555648
Unemployment fell by 40,000 in Q1
UK unemployment dropped during the last quarter, despite signs of an economic downturn.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18554692
Insurers slammed over Terminal 5 decision
Insurers' decision to exclude Terminal 5 passengers from lost baggage claims has been slammed by one of the UK's leading insurance companies.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18554681
Halifax hikes mortgage rates
Halifax has flown in the face of calls for lenders to cut rates on their products by confirming it has hiked rates on its short-term deals by up to 0.5 per cent.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18554666
Cost of car insurance driving motorists off the roads
The rising cost of car insurance is contributing to drive more and more motorists off the road, new research suggests.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18554645
Brits cutting back on spending
Rising household bills and economic uncertainty is prompting millions of Britons to cut back on spending, it has been revealed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553999
800,000 Brits to turn to IVAs
More and more Britons are set to turn to alternative refinancing options this year, as the credit crunch limits their chances of securing credit.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553988
GLG Partners restates earnings, reveals loss
The London-based, US-listed hedge fund GLG Partners has restated its earnings for the last two years.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553982
City job losses 'to hit 40,000'
The number of City job losses is likely to be far higher than has previously been estimated, according to JP Morgan analysts.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553693
Bank agrees mortgage relief plan with lenders
An agreement between UK banks and the Bank of England over the scope and scale of an intervention in the mortgage market is close at hand, it has been claimed.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553687
Hamptons MD: London house prices down 15%
The manager of one of the UK's largest estate agents has issued a gloomy projection for the future of London's housing market.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553683
Consumer price inflation stayed steady in March
Consumer inflation remained static during March, according to new data from the Office of National Statistics (ONS).
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553674
PM urges US banks to reveal losses
Gordon Brown is to call on Wall Street banks and financial institutions to reveal the full extent of their losses from their exposure to the US sub-prime mortgage crisis.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18553668
Friends takeover 'in danger'
The attempted takeover of Friends Provident by JC Flowers is at risk of collapse, a statement from the buyout firm suggests.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18552332
Building society boosts savers
Norwich and Peterborough building society has announced increases to its savings rates.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18552331
Ethical investing 'takes a hit'
Ethical investment funds are performing disappointingly, the Daily Mail reports.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18552325
Allianz increases mobile phone penalties
Motorists with convictions for using their mobile phone handsets while on the road will be charged extra for their car insurance, Allianz has announced.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18552320
Pensioners incomes revealed by ONS
Most British pensioners are living on low incomes, new figures from the Office for National Statistics (ONS) prove.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18551814
Tesco's profits up 11%
Strong profits were registered today by retailing giant Tesco, Reuters reports.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18551720
Rics releases 'worst housing figures for 30 years'
New housing figures were released by the Royal Institute of Chartered Surveyors (Rics) today, showing widespread falls in prices.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18551712
Hedge fund transparency demanded in US
Hedge funds must be more transparent about their assets, the US Treasury has said.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18551698
Asian stocks on the up, crude oil breaks record
There has been strong trading on the Asian exchanges today, Bloomberg reports.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18551469
Rate of factory gate inflation at 17-year high
Factory gate inflation climbed at its highest rate for almost 17 years during March, new data shows.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18550564
Tories: Brown's fiscal reputation is 'in tatters'
Gordon Brown has come in for heavy criticism over his handling of the economy from the shadow chancellor.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18550545
New rules mulled to force lenders to pass on rate cuts
Gordon Brown has confirmed that the government will look into ways of ensuring that cuts to the key base rate of interest are passed on to borrowers.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18550530
Lehman Brothers targets hedge fund managers
Lehman Brothers is rumoured to be moving to set up a fund to invest in stock offloaded by hedge fund managers, according to reports.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18550526
Cost of credit cards has soared in last six months
Owing money on credit cards has becoming increasingly costly over the last six months, according to MoneyExpert.com.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18550516
Regulators calling time on bankers' annual bonuses
The means of calculating bonuses for bankers could be set to be overhauled as part of a raft of new regulations.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18550512
20,000 City jobs to be cut
The credit crunch is to prompt job losses in the City to hit almost 20,000 over the next two years, it has been predicted.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18549583
US banks to reveal huge writedowns
More shocks to the financial system are expected this week as banks confirm further losses from their exposure to the US sub-prime sector in their latest quarterly figures.
http://www.londonstockexchange.com/en[...]stnews/Article.htm?ArticleID=18549579