News and comment

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Citywire Investment News

• Glencore and Xstrata strike $90 billion deal
  Tue, 07 Feb 2012 07:34:26 Z
  (Update) Glencore and Xstrata  have agreed an all-share merger worth $90 billion, narking the industry's biggest ever deal and sending shares in Glencore up more than 1%.
  

• RLAM new business slumps 67%
  Tue, 07 Feb 2012 07:25:12 Z
  Net new business, excluding cash mandates, at Royal London Asset Management (RLAM) fell 67% over the 12 months ended in December.
  

• Sants: firms must drop 'narrow' attitude to regulation
  Tue, 07 Feb 2012 07:08:59 Z
  Financial Services Authority chief executive Hector Sants has called on banks, insurers and brokers not to 'think about what they can get away with' under the new 'twin peaks' framework.
  

• HNW satisfaction slides
  Tue, 07 Feb 2012 06:50:00 Z
  High new worth individuals (HNWIs) with their main contacts at UK wealth managers has fallen this year, with a sharp decline in those saying they are 'very satisfied' with the service received.
  

• Citywire Top Stocks Daily News Digest
  Tue, 07 Feb 2012 03:02:54 Z
  All the news from across the web about the companies featured in Citywire's Top Stocks.
  

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.
  

Citywire News

• The Expert View: French Connection, Legal General and Cineworld
  Tue, 07 Feb 2012 05:01:00 Z
  A round-up of analyst notes, including their take on William Hill and Game
  

• Citywire Top Stocks Daily News Digest
  Tue, 07 Feb 2012 03:02:54 Z
  All the news from across the web about the companies featured in Citywire's Top Stocks.
  

• Overnight Markets: Wall Street falls amid Greek debt talks
  Tue, 07 Feb 2012 03:00:00 Z
  Stocks declined as Greece failed to respond to bailout terms from the European Union and International Monetary Fund missing another deadline.
  

• Tuesday Papers: Greece to face curbs on new bailout
  Tue, 07 Feb 2012 02:57:00 Z
  And BAE considers Typhoon price cut to stay in battle for Indian order.
  

• 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.
  

BBC Business News

• Glencore-Xstrata in $90bn merger
  Tue, 07 Feb 2012 08:12:29 GMT
  Anglo-Swiss mining group Xstrata announces a $90bn merger with Glencore, the world's largest commodity trader.
  

• Stores offer warranty concessions
  Tue, 07 Feb 2012 08:11:14 GMT
  Dixons, Comet and Argos have pledged to improve the way extended warranties for electrical goods are sold, the Office for Fair Trading says.
  

• BP ups dividend as profits rise
  Tue, 07 Feb 2012 08:06:25 GMT
  BP announces sharply higher profits and increases its dividend to shareholders for the first time since the 2010 Deepwater Horizon oil disaster.
  

• India miners face licence repeal
  Tue, 07 Feb 2012 07:35:19 GMT
  A panel appointed by India's Supreme Court recommends that the licences of as many as 49 iron ore miners should be cancelled.
  

• UBS profits down on weak business
  Tue, 07 Feb 2012 07:00:38 GMT
  Profits at Swiss bank UBS slump by three-quarters and the outlook remains tough as the eurozone crisis saps business.
  

BBC News

• Maldives President Nasheed quits
  Tue, 07 Feb 2012 08:16:35 GMT
  Maldives President Mohamed Nasheed resigns amid unrest, a government spokesperson tells the BBC.
  

• Ferguson backs Capello over Terry
  Tue, 07 Feb 2012 08:15:39 GMT
  Manchester United boss Sir Alex Ferguson defends Fabio Capello's criticism of the FA after John Terry's removal as England captain.
  

• Glencore-Xstrata in $90bn merger
  Tue, 07 Feb 2012 08:12:29 GMT
  Anglo-Swiss mining group Xstrata announces a $90bn merger with Glencore, the world's largest commodity trader.
  

• Syria army renews assault on Homs
  Tue, 07 Feb 2012 08:12:13 GMT
  The Syrian army resumes heavy shelling in the restive city of Homs as Russian Foreign Minister Sergei Lavrov is due in Damascus for talks.
  

• Stores offer warranty concessions
  Tue, 07 Feb 2012 08:11:14 GMT
  Dixons, Comet and Argos have pledged to improve the way extended warranties for electrical goods are sold, the Office for Fair Trading says.
  

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