Ascentric the fundsdirect wrap service - moving value and control to the IFA and the client
 
Ascentric the fundsdirect wrap service - moving value and control to the IFA and the client

 

Financial News from the BBC



BAA 'should sell three airports'

The Competition Commission says BAA may have to sell three of its seven UK airports - two in London and one in Scotland.
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Mortgage lending slump continues

The slump in mortgage lending continued in July, according to the latest figures from the Council of Mortgage Lenders.
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Discount supermarket sales rise

Discount supermarkets such as Aldi and Lidl see sales grow as cost-conscious UK consumers look to save cash, figures suggest.
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Phone-line breach leads to fine

A near-record fine has been levied after consumers were thrown by a recorded telephone message that caused them to call back.
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Revenue withdraws house sale data

Government statistics on UK property sales are withdrawn from publication because they appear to be wrong.
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Apple admits iPod Nano 'overheat'

Apple says that a battery fault meant that a small number of its first generation iPod Nanos could overheat.
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Manufacturing prospects 'worsen'

Conditions for UK manufacturers are deteriorating, a CBI survey says, with output expectations at a seven-year low.
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Three-way split again on UK rates

Bank of England policymakers were again split three ways when they decided to hold interest rates at 5% earlier this month.
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Public finances improve slightly

Britain's public finances get a boost from strong North Sea oil tax revenue, but are still weaker than a year ago.
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German law to target non-EU bids

Germany prepares legislation aimed at blocking sovereign wealth funds from taking big stakes in local firms.
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Russian denies buying world's most expensive house

Russia's fifth richest man denies reports that he has bought the world's most expensive home.
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Bosses attacked for forcing employees to wear high heels

Bosses who force employees to wear high heels as should reconsider their policy, the TUC says.
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Swell time

Bournemouth tries to catch wave power
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End is nigh?

The uncertain future for firms in administration
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Moving question

The tax advantages of letting rather than selling
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Quiet revolution

Can Brazil's farms help to feed the world?
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Hot or cold?

Are house prices rising or falling where you live?
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Kicking off

Is Premiership football feeling the credit crunch?
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'Cash to leave' offer from lender

A mortgage company is offering some customers a 15% discount if they redeem their mortgages early.
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Council strike sparks disruption

Schools, rubbish collections and ferry crossings are disrupted as council workers stage a 24-hour walkout over pay.
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African bank set for share issue

African regional banking group Ecobank plans the continent's biggest rights issue, to raise $2.5bn to fund its expansion.
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McCain and Obama spar over taxes

Barack Obama's senior economic adviser accuses John McCain of proposing huge tax cuts for rich people and large firms.
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Olympic thirst boosts China beer

Chinese brewer Tsingtao sees half-year profits up 42% from publicity gained by sponsoring the 2008 Beijing Olympics.
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China shares rebound from low

China's main share index rebounds from a 20-month low on talk that Beijing will introduce an economic rescue plan.
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£1.5bn super-port contract signed

A contract to build a £1.5bn container port and business park in the Thames Gateway is exchanged.
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Call to tackle UK business waste

The government should do more to curb waste using tax as an incentive, a House of Lords committee has said.
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Crown buyout 'good for business'

The buyout of Crown Paints heralds an exciting time for everyone in the Lancashire-based business, its new chairman says.
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Rail franchise runners announced

The four companies in the race to run rail services in the South East are announced.
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India airport strike hits flights

Many domestic airline flights are cancelled in India after airport workers go on strike in protest against the government's economic policies.
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US homebuilding at 17-year low

The number of US homes and apartments being built falls to the lowest level in more than 17 years, government figures show.
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Oil rises as the dollar weakens

The price of oil rises more than a dollar, reversing earlier falls, on the back of the weakening dollar.
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Fans face agony over gig tickets

Major gigs and music festival promoters speak out after a ticket agency left many fans facing disappointment.
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Supply of rental properties rises

The number of properties up for rent has jumped as people who cannot sell their homes decide to let them instead.
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Warning from Alliance & Leicester

Alliance & Leicester warns of "significant external risks" if Banco Santander's takeover is rejected by shareholders.
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FSA warning on new investor scams

Investors are warned of fraudsters targeting customers of a stockbroking firm closed by the Financial Services Authority.
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US bank 'to fail within months'

A big US bank is likely to collapse within months as the global financial crisis worsens, a former IMF chief economist warns.
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Rate setter warns on UK inflation

A member of the Bank of England's MPC committee says in a newspaper article that inflation has to be controlled.
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Zimbabwe inflation rockets higher

Zimbabwe's rate of inflation surges above 11,250,000% as an economic crisis continues to grip the country.
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Japan keeps interest rate on hold

Japan holds interest rates at 0.5% amid concerns about inflation and signs of an economic slowdown.
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Foreign sales boost HP earnings

Hewlett-Packard, the world's largest computer firm, sees quarterly profits boosted by international sales.
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Arcelor tightens hold on iron ore

Arcelor Mittal, the world's largest steelmaker, buys Lonmin's Brazilian iron ore assets for $810m.
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Origin urges rejection of BG bid

Australia's Origin again calls on shareholders to reject a 13.8bn Australian dollar takeover bid from UK rival BG Group.
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Guidelines for financial journalists

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