Beware of risks in bonds boom

Source: The Scotsman

Savers who snapped up Tesco corporate bonds may be unaware of the downsides, writes Jeff Salway SAVERS ploughed more than £200 million into Tesco Bank’s recent corporate bond issue in just two weeks as the search for income inte ...
Full article at: The Scotsman  More like this  5 hours ago, 6:08pm CDT

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JEFF PRESTRIDGE: Mutuals make mockery of democracy

Source: This Is Money

Mutuals make great play of the fact that they are owned by members, not dividend-hungry shareholders – although some, such as NFU Mutual, pay an annual mutual dividend to members in recognition of their loyalt ...
Full article at: This Is Money  More like this  7 hours ago, 3:44pm CDT

Battersea Power Station buyer to be named this week

Source: The Telegraph

Battersea Power Station has lain dormant since 1983 despite various redevelopment attempts. It is understood that Malaysian property company SP Setia, is leading the way ahead of a consortium led by vete ...
Full article at: The Telegraph  More like this  8 hours ago, 3:25pm CDT

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Defensives push European shares up against bleak backdrop

Source: Sify

"Market conditions are undeniably difficult at the moment, but this is to be expected given the uncertain economic backdrop that investors are grappling with," said Oliver Wallin, investment director at Octopus Investments, which has some 2.5 b ...
Full article at: Sify  More like this  9 hours ago, 2:38pm CDT

Ex-Lloyds Security Chief Faces Fraud Charges

Source: FOX Business

LONDON – The former head of fraud and security for digital banking at Lloyds Banking Group PLC (LLOY.LN), which is 40% owned by the U.K. taxpayer, faces a criminal charge for allegedly claiming almost GBP2.4 milli ...
Full article at: FOX Business  More like this  17 hours ago, 5:54am CDT

Lloyds head of fraud charged with... fraud: Banker accused of £2.4m scam

Source: Mirror.co.uk

POLICE yesterday charged an ex-Lloyds Bank security chief on suspicion of committing a £2.46million fraud. Jessica Harper, 50, allegedly submitted false invoices to claim illegal payments while head of fraud and security for digital banking. She wi ...
Full article at: Mirror.co.uk  More like this  1 day ago, 6:35pm CDT

Markets: FTSE inches ahead to end week well

Source: The Scotsman

Britain’s top share index enjoyed its first weekly gain in a month, despite rising little more than one point during yesterday’s session with progress capped by further uncertainty surrounding the eurozone crisis. ...
Full article at: The Scotsman  More like this  1 day ago, 6:26pm CDT

Saturday Papers: Spain to inject €19bn into Bankia

Source: Citywire.co.uk

Financial Times: Spain will make an emergency €19 billion investment in Bankia, the stricken savings bank, in a bold bid to restore confidence in the stability of the country’s financial sector. The Daily Te ...
Full article at: Citywire.co.uk  More like this  1 day ago, 6:01pm CDT

Government set to call off National Air Traffic Services sale

Source: Daily Mail - UK

George Osborne and the Treasury now have the first opportunity to draw a line in the sand over overseas ownership of the nation’s infrastructure. After the debacle of Ferrovial’s ownership of BAA and foreign control over four of our big six infrastruc ...
Full article at: Daily Mail - UK  More like this  1 day ago, 4:02pm CDT