News and comment
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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
- Lloyds to cut 900 jobs
Tue, 07 Feb 2012 13:56:29 Z
Part-nationalised Lloyds Banking Group is to cut 900 jobs - part of wider plans unveiled last year to cull 15,000 posts across the company.
- Why it's too soon to call the end of treasuries' bull run
Tue, 07 Feb 2012 13:55:24 Z
Risk assets have got off to a good start this year but strategists are sceptical about calling time on treasuries' bull run with so much uncertainty remaining in the global economy.
- Skandia drops Aviva Investors from Best Ideas after job cuts
Tue, 07 Feb 2012 13:53:29 Z
Skandia Investment Group has removed Aviva Investors? manager Julius Lipner from running money for its Skandia UK Strategic Best Ideas fund, following the strategic review of the firm.
- The Polar Cap tech team's take on Facebook hype
Tue, 07 Feb 2012 13:48:50 Z
Polar Capital?s Nick Evans and Ben Rogoff believe a successful Facebook floatation will act as a positive catalyst for other social media related stocks, particularly LinkedIn and Chinese company Sina.
BBC Business News
- Profits surge at GlaxoSmithKline
Tue, 07 Feb 2012 14:48:34 GMT
UK drugmaker GlaxoSmithKline announces profits of £1.9bn for the three months to the end of December, up from a £193m loss during the same period in 2010.
- Glencore-Xstrata in $90bn merger
Tue, 07 Feb 2012 14:44:39 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 14:41:13 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 14:28:28 GMT
BP announces sharply higher profits and increases its dividend to shareholders for the first time since the 2010 Deepwater Horizon oil disaster.
BBC News
- Glencore-Xstrata in $90bn merger
Tue, 07 Feb 2012 14:44:39 GMT
Anglo-Swiss mining group Xstrata announces a $90bn merger with Glencore, the world's largest commodity trader.
- 'Last' WWI service veteran dies
Tue, 07 Feb 2012 14:44:12 GMT
A woman thought to be the world's last known surviving service member of World War I dies aged 110.
- Orkney murder case appeal begins
Tue, 07 Feb 2012 14:42:56 GMT
A man jailed for the murder of a waiter on Orkney begins an appeal against his conviction.
- Maldives leader quits amid unrest
Tue, 07 Feb 2012 14:36:07 GMT
Maldives President Mohamed Nasheed resigns after weeks of demonstrations and a mutiny by some police officers.
