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.
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.
- 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 Money, Tax and Property
- 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
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
- 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.