Citywire

Closing Market: FTSE higher again as retailers push ahead

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.

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.

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.

Video Comment: What the Next and Debenhams results mean

By Deborah Hyde | 12:50 | 06 Jan 2009

Next and Debenhams sent retail stocks soaring earlier today after performing better than feared, but what do their numbers tell us about the state of the high street?

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.

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. 

Eurozone inflation falls to two year low

By Chris Marshall | 12:47 | 06 Jan 2009

Inflation in the Eurozone is estimated to have dropped to 1.6% in December - its lowest level in two years, data showed today.

McCann ends 26-year Merrill Lynch stint

By Sara Smith | 11:55 | 06 Jan 2009

Merrill Lynch's head of global wealth management, Bob McCann, is leaving the firm voluntarily after 26 years at the company.

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.

Private clients hammered by bear market

By Dylan Lobo | 09:01 | 06 Jan 2009

The iron grip of the bear market has wiped out all private client returns above cash in the last five years, according to the latest estimates from Asset Risk Consultants (ARC).

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