Up-to-the-minute financial news from various sources
News and comment
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Citywire Investment News
- SJP soft-closes Asante and Wood funds
Wed, 23 Apr 2014 15:28:46 +0100
St James?s Place has shut its portfolios run by First State?s Jonathan Asante and JO Hambro?s John Wood to new money.
- Mohammed El Erian: life after Pimco
Wed, 23 Apr 2014 15:28:30 +0100
Ex-Pimco chief Mohammed El-Erian has said he has no immediate plans to go back into the world of investment and may even opt to find a new career post his shock exit from bond giant Pimco.
- Andrew Ross: Schroders will not become an ?acquisition machine?
Wed, 23 Apr 2014 14:43:59 +0100
Schroders is unlikely to become a participant in the wave of MA activity that is currently hitting the UK's wealth management sector.
- Performance review: UBS Wealth duo bet on a weaker euro
Wed, 23 Apr 2014 14:11:20 +0100
UBS Wealth duo on backing European equities, a key beneficiary of a weaker euro
FT.com - Your Pension
- BlackRock challenges UK pension providers
Fri, 18 Apr 2014 18:15:04 GMT
Fears pensions overhaul will lead to collapse of annuities market prompts world?s largest asset manager to develop a range of new retirement products
- Pensions minister floats standard rate of tax relief
Thu, 17 Apr 2014 18:11:35 GMT
Minister says relief could be set at flat 30 per cent rate for all savers to spread benefits more evenly and lifetime allowance scrapped in return
- Detroit strikes breakthrough pension deal
Wed, 16 Apr 2014 21:16:53 GMT
General retirees would see their pensions cut by 4.5 per cent, far less than the 26 per cent reduction the city had earlier proposed
- Guidance on cancelled annuities welcomed
Fri, 11 Apr 2014 16:45:27 GMT
Providers extend annuity ?cooling off? periods to at least April 17, but the ABI criticises the delay in clarification from the tax authority
Citywire Money, Tax and Property
- Old age debt: 100,000 over-75s still burdened with mortgages
Wed, 12 Mar 2014 14:17:45 Z
Older pensioners are shouldering the burden of thousands of pounds of mortgage debt well into their 70s.
- Over £1bn of cash raided from UK homes to pay bills
Thu, 23 Jan 2014 08:22:00 Z
More people will turn to the equity in their homes to clear mortgages and pay bills in 2014.
BBC Business News
- Apple profits beat expectations
Wed, 23 Apr 2014 21:39:22 GMT
Technology giant Apple plans a share buyback after it reports profits of $10.2bn, selling a more than 43 million iPhones in the second quarter of 2014.
- Game-maker Zynga in widening loss
Wed, 23 Apr 2014 21:29:03 GMT
Troubled online game-maker Zynga reports a loss of $61m, as founder Mark Pincus steps down as chief product officer.
- VIDEO: Upcycling: Ethical way to do fashion
Wed, 23 Apr 2014 20:47:20 GMT
There is a drive to get us to be more ethical when it comes to buying clothes - and it involves spending less and recycling more.
- Facebook earnings surge on mobile ads
Wed, 23 Apr 2014 20:43:34 GMT
Facebook reports growing earnings on surging mobile advertising revenue as chief finance officer David Ebersman prepares to leave.
- Real Madrid 1-0 Bayern Munich
Wed, 23 Apr 2014 21:59:50 GMT
Karim Benzema's goal gives Real Madrid the advantage as holders Bayern Munich lose semi-final first leg in Spain.
- VIDEO: NYPD's twitter campaign backfires
Wed, 23 Apr 2014 21:47:28 GMT
NYPD asked followers to tweet a photo of themselves with officers and add the hashtag "myNYPD" as part of a social media campaign.
- VIDEO: Russia in new Ukraine attack threat
Wed, 23 Apr 2014 21:42:28 GMT
Moscow has again warned that it will retaliate if it judges that the interests of Russian people are being threatened in Ukraine.
- Jodie Foster marries girlfriend
Wed, 23 Apr 2014 21:33:12 GMT
US actress Jodie Foster marries her girlfriend, Alexandra Hedison, the actress' representative confirms.