Citywire

Qatar National Bank to sell Ansbacher's London wealth arm

Interest rates set to fall again on Thursday

By Nicholas Paler | 00:01 | 07 Jan 2009

The majority of experts expect a 50 basis point cut this week, but other methods may soon be needed to fire the UK economy. 

Ansbacher to sell wealth management divisions

By Sara Smith | 18:39 | 06 Jan 2009

Citywire undertands that Ansbacher Group has put its London and Channel Islands based wealth management operations up for sale.

Tenet appoints Richards to take Sinfonia helm

By Maryrose Fison | 18:01 | 06 Jan 2009

Tenet has announced ex-Barclays distribution director Andy Richards as the new managing director for its asset management arm Sinfonia Asset Management. 

DWP: Protected rights drawdown must be proportionate

By Edward Lander | 17:46 | 06 Jan 2009

Protected rights funds should be transferred to income drawdown in proportion to the rest of the pension fund, the government has clarified.

Closing Market: FTSE higher again as retailers push ahead

By Deborah Hyde | 17:18 | 06 Jan 2009

Retailers post sharp gains, pushing the FTSE nearly 60 points higher.

Jupiter's Gibbs remains cautious but eyes insurance sector

By Matthew Goodburn | 16:15 | 06 Jan 2009

Jupiter's financials veteran Philip Gibbs is eyeing selective opportunities in the insurance sector despite his continuing bearish stance on the outlook for global financials.

BA traffic down again but company confident of hitting estimates

By Nicholas Paler | 16:10 | 06 Jan 2009

Premium traffic worst affected as rival Ryanair grows passenger numbers.

M&S to shed 1000 staff, reports suggest

By Tony Bonsignore | 15:21 | 06 Jan 2009

Marks and Spencer is set to shed up to 1000 jobs in the wake of a poor Christmas trading season, reports today suggest.

Is the boom over for supermarkets?

By Deborah Hyde | 15:18 | 06 Jan 2009

Ahead of Sainsbury's update on Thursday, some analysts are suggesting this may be as good as it gets for food retailers.

Nationwide launches two buy-to-let mortgages

By Michelle McGagh | 15:16 | 06 Jan 2009

Nationwide’s specialist lending arm, The Mortgage Works, has launched two buy-to-let products, including a one-year fixed rate home loan.

StanLife stakeholder with-profits payout cut 10%

By Edward Lander | 13:13 | 06 Jan 2009

Standard Life stakeholder policyholders will see the maturity value of their investments fall by around 10% as markets continue to take their toll on with-profits payouts.

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