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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

• Rowan Dartington hires new business development director
  Wed, 08 Feb 2012 12:47:00 Z
  Trevor Cheal will be repsonsible for sales and marketing activities across the group, including its Signature investment arm.
  

• Which boards are not piling cash into their investment trusts?
  Wed, 08 Feb 2012 12:32:03 Z
  Analysis from Collins Stewart shows a number of investment trust managers and board directors are staying well clear of investing in their own funds.
  

• Spurs boss Redknapp cleared of tax evasion
  Wed, 08 Feb 2012 12:21:07 Z
  Tottenham Hotspur manager Harry Redknapp has been cleared of evading taxes on payments made to his Monaco bank account from his former boss at Portsmouth Milan Mandaric.
  

• Artemis' Littlewood hit by Supergroup profit warning
  Wed, 08 Feb 2012 12:13:59 Z
  William Littlewood's contrarian call on the fashion chain last year is yet to pay off after the firm issued a profit alert this morning.  
  

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.
  

FT.com - Financial Markets News

• Euro gains strength ahead of Greek deal hopes
  Wed, 08 Feb 2012 11:45:07 GMT
  The euro climbs against the dollar in spite of a further delay to a Greek debt deal, although investors still expect a positive outcome
  

• Banks help FTSE 100 back over 5,900
  Wed, 08 Feb 2012 11:44:15 GMT
  The index reached its highest level since early August, helped by a rally in the banking sector and some well-received corporate earnings
  

• Stocks hit fresh six-month highs
  Wed, 08 Feb 2012 11:00:21 GMT
  Stocks hit a fresh six-month high as hopes for the global economic recovery outweigh the sentiment-sapping impact of the lingering eurozone fiscal crisis
  

• Mining merger takes attention from Glencore earnings
  Wed, 08 Feb 2012 10:58:38 GMT
  Trading house sees losses in cotton trading and fall in profitability in oil business, says Javier Blas
  

BBC Business News

• Redknapp cleared of tax evasion
  Wed, 08 Feb 2012 12:38:04 GMT
  Harry Redknapp is cleared of evading tax on payments made to his Monaco bank account.
  

• Reckitt results beat expectations
  Wed, 08 Feb 2012 12:33:56 GMT
  Shares in consumer goods group Reckitt Benckiser rise more than 3% after the firm announced better-than-expected earnings.
  

• A380 wing crack checks extended
  Wed, 08 Feb 2012 12:30:13 GMT
  Checks are ordered on all Airbus A380 superjumbos after cracks were found in wing components, extending an earlier safety ruling covering 20 planes.
  

• RBS boss: I considered resigning
  Wed, 08 Feb 2012 11:24:42 GMT
  Royal Bank of Scotland chief executive Stephen Hester tells the BBC he briefly considered resigning during the uproar over his bonus.
  

BBC News

• Police hold 158 in raids on gangs
  Wed, 08 Feb 2012 12:41:08 GMT
  Nearly 160 people are arrested during raids across London by the Metropolitan Police's new dedicated unit tackling gang crime.
  

• MPs reject university access head
  Wed, 08 Feb 2012 12:40:57 GMT
  Professor Les Ebdon has been turned down as the head of the university fair access watchdog, after MPs questioned his suitability for the role.
  

• Redknapp cleared of tax evasion
  Wed, 08 Feb 2012 12:38:04 GMT
  Harry Redknapp is cleared of evading tax on payments made to his Monaco bank account.
  

• Milly killer appeal bid dismissed
  Wed, 08 Feb 2012 12:35:34 GMT
  Milly Dowler's killer is refused permission to appeal against his conviction for her kidnap and murder.
  

Citywire News

• Most top performing emerging market funds closed to investors
  Wed, 08 Feb 2012 12:07:59 Z
  We look at what's left after seven portfolios have been soft closed since September.
  

• You need to take responsibility for your long-term care
  Wed, 08 Feb 2012 11:59:11 Z
  The state is keen for people to take responsiblity for their pensions, but there's another problem and it's just as pressing: long-term care.
  

• Diary of a Top Stocker: 5 quality blue chips I've got my eye on
  Wed, 08 Feb 2012 11:49:51 Z
  What do you think of the shortlist of Citywire Top Stocks® I've drawn up for our £10,000 portfolio?
  

• Singing adviser jailed over tax avoidance scam
  Wed, 08 Feb 2012 11:48:58 Z
  A tax adviser who tried to defrauded taxpayers of £70 million, and sang a celebratory song about the scam, has been jailed for 18 months.