Wealth Matters Citywire Feed

Five reasons why insurers are better investments than banks
Stronger than hoped for results from Standard Life have shown again why insurers are better investments than banks.

Online banking fraud up by 14% amid wave of 'phishing' attacks
Online banking fraud rose by 14% to £60m in 2009, while card fraud dropped for the first time in three years.

Ten years after the tech bubble burst, the sector now looks cheap
Tech is still only trading on a multiple of 1.1x the market - despite an anticipated M&A boom as the new cycle of technology kicks in.

The economy is not yet out of danger, Gordon Brown warns
You can trust me, prime minister says, as he unveils a pay freeze for doctors, dentists, and hospital consultants.

Weak manufacturing data throws doubt on pace of the recovery
A shock fall in manufacturing data put yet more pressure on the pound.

Consumer groups attack delay to reform of PPI market
Consumer bodies urge Financial Services Authority to push ahead with reform of PPI after it announces a further six week consultation period.

Market Update: Unexpected fall in industrial production halts early advance
Banks and miners continue to lend support and Tullett Prebon surge after confirming a bid approach.

Euro equities face long debt struggle in wake of Greek crisis
Economists warn that austerity measures in the PIIGS will result in a protracted period of low growth.

Fraudster convicted over £34m ponzi scheme
Investment roadshow fraudster Kevin Foster has been convicted of stealing investors' funds after masterminding a £34 million ponzi scheme that ran for nearly a decade.

Broker Roundup Update: Deutsche Bank positive on Barclays and Lloyds
Goldman neutral on Aviva and Numis has a buy for F&C AM.

Northern Rock reports £257 million loss
State owned lender says it beat its financial targets in 2009 and will pay out £13 million in staff bonuses.

Treasury confirms Budget date as 24 March
The Treasury is expected to confirm Budget day will be 24 March, making a 6 May general election more likely.

Morning Market: Cautious start ahead of industrial production data
Barclays slips on acquisition reports, Standard Life pleases, but sharply lower profits unsettle Tullow and Laird Group.

Have you paid too much tax?
A key HMRC deadline for reclaiming overpaid tax is fast approaching. The elderly, self-employed and higher rate taxpayers in particular should take care to check they are not still owed by the tax man.

Broker Roundup: JP Morgan starts coverage of property sector with positive stance
Citigroup cuts Aviva target and Bernstein positive on Diageo and SABMiller.

Morning Eyecatchers: Standard Life beats forecasts
F&C makes pre-tax profit of £8.7 million, Tullow profits plunge as output and oil prices fall, IG Q3 revenue up 11% and Laird cuts dividend as profits slide.

Wednesday Papers: Gordon Brown to settle on March 24 as Budget Day -- other news
Fitch warns UK debt will erode investor confidence as Britain's wider trade gap hits recovery hopes.

Wednesday Papers: Barclays considering large US retail bank deal -- bid news and gossip
Hargreaves Services approaches UK Coal over deep mines merger.

Wednesday Papers: tips and comment
Comment on Pru, Liberty International, International Power, Inmarsat, Gartmore, Antofagasta, Hill & Smith and Clipper Windpower.

Nineteen applicants for every job, employment agency reports
There were 1% more vacancies in February than in January but the number of people looking for work climbed 50%.

News | Personal Investor Edition | Citywire

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