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Remortgage Advice

Tax rise hits top properties

The top end of the property market could suffer as a result of new tax rules laid out in the pre-Budget report

Commission taken out of advice equation

Proposals on the investment advice process were unveiled by the Financial Services Authority this week.

Investors in New Star funds should not panic

Investors with money in funds managed by New Star Asset Management will be protected as assets held in unit trusts and open-ended investment companies will be ring-fenced from the company.

London Scottish files for administration

Ernst & Young appointed after the bank failed to make up a shortfall in its capital ratios or secure a takeover

Funds slash fees to pull in cash

Funds of hedge funds are trying to manage liquidity by reducing their fees in the hope of staunching the flood of withdrawals and encouraging new investment (PDF)

Tesco takes the fight to discount retailers

The supermarket group appeared to be winning the battle with discount retailers like Lidl and Aldi as it reported third quarter results that beat consensus forecasts and sent the shares higher in early trade

Record numbers buying online as shoppers shun the high street

Britain has witnessed record levels of online shopping this week but customers are still shunning the high street according to the latest sales figures.

RBS plans to 'proactively' refund unauthorized overdraft charges

RBS is planning to 'proactively' refund unauthorized overdraft charges if it loses a crucial high court test case leaked documents have revealed.

Banks should cut red tape on loans to make business life easier

The hottest savings deals

Providers have just passed on the previous 1.50pc rate cut but the odds are on a further cut on Thursday.

Small firms wrestle with VAT cut nightmare

Small businesses are struggling to come to terms with the temporary cut in the VAT rate after working overtime to bring price lists displays and their accounts into line to meet the new 15pc rate.

Overdraft charges: RBS prepares ground for 'proactive' refunds

Royal Bank of Scotland will "proactively" refund unauthorised overdraft charges if it loses the current High Court test case.

Government risks making mortgage crisis worse say lenders

The Council of Mortgage Lenders has attacked the Government for failing to deal with the mortgage crisis.

Couple who win £7.6million on lottery say they will carry on running garage

A couple who scooped £7.6million on the National Lottery say they will continue running their car repairs garage despite their win.

Christmas gifts that will keep on giving

A financial present is practical - and lasts beyond Christmas.

Buytolet: Better safetyconscious than sorry

Ignoring rental regulations could put landlords in serious trouble.

News Headlines

Royal Bank of Schools to make pupils cash clever (The Scotsman)

SCHOOLCHILDREN are becoming bank managers as part of move aimed at tackling the UK's growing debt problem.

World financial markets rattled by US elections

LONDON (AFP) - Global finance markets have wobbled on fears that a Democrat victory in the US Congressional elections could prompt less market-friendly policies in the world's biggest economy.

EU's Mandelson calls IPR piracy a 'dead end' for China

BEIJING (AFP) - The European Union's trade chief called on Beijing to do more to stop the pirating of foreign brands in China, warning that it also threatens the profits of successful Chinese companies.

Regional associates drive SingTel's Q2 profits 19 percent higher

SINGAPORE (AFP) - Singapore Telecommunications (SingTel) reported a 19 percent rise in net profit for the second quarter to September, boosted by a strong showing from its regional mobile associates.

Stung by Airbus delays, EADS reports losses

PARIS (AFP) - European aerospace group EADS, stung by major delays at its Airbus unit, said Wednesday the setbacks had plunged the group into a third quarter net loss of 195 million euros (249 million dollars).

China's trade surplus hits record 23.8 billion dollars in October

BEIJING (AFP) - China's trade surplus has hit a record 23.8 billion dollars in October, according to customs data published.

Vietnam's PM, investors and state media applaud WTO admission

HANOI (AFP) - Vietnam's leaders and state controlled media hailed news that the communist country will soon join the World Trade Organisation (WTO) as a landmark achievement in its global integration.

Softbank returns to profit as cellphone cash pours in

TOKYO (AFP) - Japan's Softbank Corp said it returned to profit in the first half to September as cash poured in from its mega purchase of Vodafone's local mobile phone operations.

Japan Airlines returns to profit on restructuring

TOKYO (AFP) - Japan Airlines said it had swung back to profit in the six months to September from a heavy loss a year earlier after cutting routes and shifting towards smaller aircraft.

GM chief Wagoner meets heads of Toyota, Isuzu: reports

TOKYO (AFP) - The head of General Motors met the bosses of Toyota Motor and truckmaker Isuzu to discuss existing partnerships after the two Japanese firms announced a new alliance, media reports said.

China's record trade surplus shows signs of economy cooling

BEIJING (AFP) - China's trade surplus hit a record 23.8 billion dollars in October, but slowing imports indicated official efforts to rein in the economy could finally be kicking in, customs data showed.

Bush's trade agenda in question after Democratic win

WASHINGTON (AFP) - The Democrats' triumphant return to control of the House of Representatives could leave President George W. Bush's campaign to dismantle global trade barriers in trouble.

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