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Qatar National Bank to sell Ansbacher's London wealth arm

00:01 | 07 Jan 2009 | By Sara Smith

Citywire can reveal that Ansbacher, the banking group owned by Qatar National Bank(QNB), is looking for a buyer for its London and Channel Islands based wealth management operations.

Interest rates set to fall again on Thursday

00:01 | 07 Jan 2009 | By Nicholas Paler

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

18:39 | 06 Jan 2009 | By Sara Smith

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

18:01 | 06 Jan 2009 | By Maryrose Fison

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

17:46 | 06 Jan 2009 | By Edward Lander

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

17:18 | 06 Jan 2009 | By Deborah Hyde

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

Jupiter's Gibbs remains cautious but eyes insurance sector

16:15 | 06 Jan 2009 | By Matthew Goodburn

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

16:10 | 06 Jan 2009 | By Nicholas Paler

Premium traffic worst affected as rival Ryanair grows passenger numbers.

M&S to shed 1000 staff, reports suggest

15:21 | 06 Jan 2009 | By Tony Bonsignore

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?

15:18 | 06 Jan 2009 | By Deborah Hyde

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

15:16 | 06 Jan 2009 | By Michelle McGagh

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%

13:13 | 06 Jan 2009 | By Edward Lander

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.

Video Comment: What the Next and Debenhams results mean

12:50 | 06 Jan 2009 | By Deborah Hyde

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?

Eurozone inflation falls to two year low

12:47 | 06 Jan 2009 | By Chris Marshall

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

Midday Market: FTSE rising as investors cheer better than expected retail numbers

12:31 | 06 Jan 2009 | By Nicholas Paler

High street resilience provides boost for UK shares.

McCann ends 26-year Merrill Lynch stint

11:55 | 06 Jan 2009 | By Sara Smith

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

Ingenious hires Oldham and Todd from Taylor Young

11:43 | 06 Jan 2009 | By David Campbell

Ingenious Asset Management has recruited Philip Todd and James Oldham, both previously of Taylor Young Investment Management, to serve as investment directors.

Former Singer & Friedlander boss joins Collins Stewart

10:26 | 06 Jan 2009 | By Danielle Levy

Collins Stewart Wealth Management has appointed former Singer & Friedlander boss Richard Stanley as investment director for its Isle of Man office.

UK services sector remains near record lows

10:20 | 06 Jan 2009 | By Nicholas Paler

Activity improves slightly month on month, but employment levels falling at record pace.

Morning Market: upbeat retailers give markets a boost

09:46 | 06 Jan 2009 | By Deborah Hyde

UK shares ticked higher in morning deals as Next, Debenhams and Dunelm all issued reassuring updates.

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