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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.

The news stories on this page have been written and produced by a third party and neither nor its representatives can be held responsible for the accuracy of the content/information contained within these stories.

Citywire Investment News

• ARC hires Meader to head new division focused on 'knotty' EU rules
  Thu, 23 May 2013 00:01:00 +0100
  Asset Risk Consultants has tasked Paul Meader with running the firm?s new fund solutions division, which will focus on the alternative investment fund manager directive.
  

• FTSE rises as Bernanke keeps his foot on the QE pedal
  Wed, 22 May 2013 16:58:00 +0100
  (Update) Markets rally and the FTSE 100 hits a new 13-year high after the head of the US central bank vows to keep on printing money.
  

• Lloyds to dump another 15% of its stake in SJP
  Wed, 22 May 2013 16:44:08 +0100
  Lloyds Banking Group is to sell a further 77 million of its shares in St James's Place.
  

• Legal General IM hires asset allocation head to replace North
  Wed, 22 May 2013 14:34:23 +0100
  Legal General Investment Management has bolstered its asset allocation team with former BNP Paribas Investment Partners CIO, Emiel van den Heiligenberg.
  

Citywire Money, Tax and Property

• Castle Trust: a bet for both sides of the property market
  Fri, 19 Apr 2013 14:44:11 +0100
  We look at a company offering a savings account and a 'shared equity' mortgage that let you take a punt on whether house prices are rising or falling.
  

• Santander told to contact borrowers about botched rate change
  Fri, 19 Apr 2013 13:22:56 +0100
  The City watchdog has ordered Santander bank to contact 270,000 mortgage borrowers whom it failed to explain an important change in their contract five years ago.
  

• Buy-to-let is booming but beware the pitfalls
  Thu, 18 Apr 2013 11:25:46 +0100
  The buy-to-let market is buoyant as investors are lured by high rents and cheap mortgages.
  

• Landlords targeted in HMRC tax clamp down
  Wed, 20 Feb 2013 09:00:00 Z
  HMRC is demanding landlords hand over details of their properties and tenants even if they have declared rental income.
  

BBC Business News

• Hewlett-Packard shares jump 12%
  Wed, 22 May 2013 21:10:02 GMT
  Hewlett-Packard shares leap in after-hours trading, despite quarterly results showing a seventh consecutive fall in sales.
  

• VIDEO: Couple's £163,000 mobile bill shock
  Wed, 22 May 2013 20:21:16 GMT
  An electrician and his wife had a shock when they received a mobile phone bill for £163,000, then fought for months to have the debt cleared. BBC Watchdog investigated
  

• Airbnb seeks to reassure members
  Wed, 22 May 2013 20:08:18 GMT
  Airbnb tells its members "we are not going anywhere", after a judge in New York ruled a man who rented out his apartment on the site broke the law.
  

• PM hails tax deal amid Google row
  Wed, 22 May 2013 19:41:20 GMT
  David Cameron hails an EU agreement to close tax loopholes as a "turning point", as Google's boss urges politicians to "sort" the system.
  

BBC News

• VIDEO: Man dead in suspected terror attack
  Wed, 22 May 2013 23:30:10 GMT
  A man has been killed in a machete attack and two suspects shot and wounded by police in Woolwich, south-east London.
  

• US reveals four citizen drone deaths
  Wed, 22 May 2013 23:20:51 GMT
  US Attorney General Eric Holder confirms four American citizens have been killed in US drone strikes in Yemen and Pakistan since 2011.
  

• Man dead in suspected terror attack
  Wed, 22 May 2013 23:12:13 GMT
  A man is killed in a machete attack and two suspects shot and wounded by police in London, with footage emerging of a man with bloodied hands shouting political statements near the scene.
  

• Kerry condemns Hezbollah over Syria
  Wed, 22 May 2013 22:55:02 GMT
  US Secretary of State John Kerry says Lebanon's Hezbollah and Iran are perpetuating President Bashar al-Assad's "campaign of terror" in Syria.