Daily Finance UK http://www.dailyfinance.co.uk Daily Finance UK http://www.blogsmithmedia.com/http://www.dailyfinance.co.uk/media/feedlogo.gif Daily Finance UK http://www.dailyfinance.co.uk en-us Copyright 2010 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Fund Focus: Invesco Latin Americahttp://www.dailyfinance.co.uk/2010/03/11/fund-focus-invesco-latin-america/http://www.dailyfinance.co.uk/2010/03/11/fund-focus-invesco-latin-america/http://www.dailyfinance.co.uk/2010/03/11/fund-focus-invesco-latin-america/#commentsFiled under: ,

Dean Newman manager of Invesco Perpetual Latin American fundA trip to Brazil in July 2009 was enough to convince Dean Newman (pictured) that the long-term prospects for Latin America were extremely positive.

Newman, who manages the Invesco Perpetual Latin American fund insisted in an interview with IFA Partridge Muir & Warren that despite having felt the effects of the 2008 financial crisis, Latin America is a good place to be right now.

Continue reading Fund Focus: Invesco Latin America

Fund Focus: Invesco Latin America originally appeared on Daily Finance UK on Thu, 11 Mar 2010 02:30:00 EST. Please see our terms for use of feeds.

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]]>Brazil equitiesBrazilEquitiesLatin America fundsLatinAmericaFundsDavid BurrowsThu, 11 Mar 2010 02:30:00 ESTFSA publishes Financial Risk Outlookhttp://www.dailyfinance.co.uk/2010/03/10/fsa-publishes-financial-risk-outlook/http://www.dailyfinance.co.uk/2010/03/10/fsa-publishes-financial-risk-outlook/http://www.dailyfinance.co.uk/2010/03/10/fsa-publishes-financial-risk-outlook/#commentsFiled under: ,

FSA logoThe Financial Services Authority (FSA) has published its Financial Risk Outlook (FRO) outlining the main risks and issues present in its operating environment, affecting firms, markets and consumers.

This year's FRO is divided into four sections:

Macroeconomic background and outlook looks at how fiscal and monetary policy support has limited the scale and duration of the global recession, and the future impact of its removal;

Continue reading FSA publishes Financial Risk Outlook

FSA publishes Financial Risk Outlook originally appeared on Daily Finance UK on Wed, 10 Mar 2010 11:11:00 EST. Please see our terms for use of feeds.

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]]>Financial regulationFinancial RiskFinancialRegulationFinancialRiskFSADavid BurrowsWed, 10 Mar 2010 11:11:00 ESTA decade on from dotcom mayhemhttp://www.dailyfinance.co.uk/2010/03/10/a-decade-on-from-dotcom-mayhem/http://www.dailyfinance.co.uk/2010/03/10/a-decade-on-from-dotcom-mayhem/http://www.dailyfinance.co.uk/2010/03/10/a-decade-on-from-dotcom-mayhem/#commentsFiled under: , ,

Picture of laptopGo back 10 years from this very day and the stock market was going into freefall as technology stocks finally came back to earth with a resounding bump.

With the benefit of hindsight it is clear now that some fledgling tech companies were fantastic businesses and have proved this since but back then it was harder to distinguish the wheat from the chaff.

The likes of Google and Amazon for instance have been arguably as successful as any company in any sector in terms of sustained growth over recent years.

Some will argue that many tech stocks are still way below valuation levels seen during the 2000 boom - given that these are the survivors does this mean that tech in some way has failed to deliver to investors?

Continue reading A decade on from dotcom mayhem

A decade on from dotcom mayhem originally appeared on Daily Finance UK on Wed, 10 Mar 2010 04:29:00 EST. Please see our terms for use of feeds.

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]]>Dotcom bubbleDotcomBubbleTech stocks crashTechStocksCrashDavid BurrowsWed, 10 Mar 2010 04:29:00 ESTSix of the best for ISA investorshttp://www.dailyfinance.co.uk/2010/03/10/six-of-the-best-for-isa-investors/http://www.dailyfinance.co.uk/2010/03/10/six-of-the-best-for-isa-investors/http://www.dailyfinance.co.uk/2010/03/10/six-of-the-best-for-isa-investors/#commentsFiled under: ,

Man looking at calculation of performance figuresHaving looked at the pros and cons of cash ISAs, many investors may well decide to instead opt for the potentially better but riskier rewards on offer from equity ISAs.

Nigel Walker head of research with online broker Torquil Clark provides his top six funds for ISA investors in 2010.

Continue reading Six of the best for ISA investors

Six of the best for ISA investors originally appeared on Daily Finance UK on Wed, 10 Mar 2010 02:53:00 EST. Please see our terms for use of feeds.

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]]>Equity ISA fund picksEquityIsaFundPicksISAs for 2010IsasFor2010David BurrowsWed, 10 Mar 2010 02:53:00 ESTIgnore cash ISAs at your perilhttp://www.dailyfinance.co.uk/2010/03/09/ignore-cash-isas-at-your-peril/http://www.dailyfinance.co.uk/2010/03/09/ignore-cash-isas-at-your-peril/http://www.dailyfinance.co.uk/2010/03/09/ignore-cash-isas-at-your-peril/#commentsFiled under: ,

Graphic showing savings growingClaims that the over 50s are failing to grasp the new ISA rules are missing the point.

Many do understand the new rules but either have not got the money to spare or are totally unimpressed with the rates offered on cash ISAs.

Given the number of comments in response to Daily Finance story 'Over 50s fail to grasp new ISA rules' (link below) it would seem many older savers are just not inspired with interest rates so low to invest in cash ISAs.

However Matt Hunter, head of money at Confused.com, urges everyone to consider the bigger picture.

Continue reading Ignore cash ISAs at your peril

Ignore cash ISAs at your peril originally appeared on Daily Finance UK on Tue, 09 Mar 2010 05:41:00 EST. Please see our terms for use of feeds.

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]]>Cash ISAsCashIsasTax advantagesTaxAdvantagesDavid BurrowsTue, 09 Mar 2010 05:41:00 ESTIs Budget Labour's election manifesto?http://www.dailyfinance.co.uk/2010/03/09/is-budget-labours-election-manifesto/http://www.dailyfinance.co.uk/2010/03/09/is-budget-labours-election-manifesto/http://www.dailyfinance.co.uk/2010/03/09/is-budget-labours-election-manifesto/#commentsFiled under:

Picture of Gordon BrownThe 2010 Budget will inevitably be seen as an integral part of Labour's election manifesto.

What it contains will essentially be the platform that Labour will campaign on over the coming weeks and months as Gordon Brown tries to turn the tide and win over the floating British voters.

Government has limited options

In better economic times there was more room for manoeuvre with governments able to throw in a few pre-Election sweeteners to win a few votes.

In this year's Budget it might be more about what is not included rather than what is.

It is generally accepted that taxes will rise at some point but are we likely to see anything concrete this side of an election? Politically speaking it would be suicide to announce a pre-Election tax bombshell.

Continue reading Is Budget Labour's election manifesto?

Is Budget Labour's election manifesto? originally appeared on Daily Finance UK on Tue, 09 Mar 2010 04:18:00 EST. Please see our terms for use of feeds.

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]]>An Election BudgetAnElectionBudgetLabours last budgetLaboursLastBudgetDavid BurrowsTue, 09 Mar 2010 04:18:00 ESTReport reveals huge RBS pension deficithttp://www.dailyfinance.co.uk/2010/03/09/report-reveals-huge-rbs-pension-deficit/http://www.dailyfinance.co.uk/2010/03/09/report-reveals-huge-rbs-pension-deficit/http://www.dailyfinance.co.uk/2010/03/09/report-reveals-huge-rbs-pension-deficit/#commentsFiled under: ,

RBS logoThe news just doesn't get much better for RBS does it? The banks has just reported a loss for 2009 and been heavily criticised for paying out bonuses.

It now seems the bank has the largest pension deficit relative to its market value out of U.K. finance firms in the FTSE 350 index.

Continue reading Report reveals huge RBS pension deficit

Report reveals huge RBS pension deficit originally appeared on Daily Finance UK on Tue, 09 Mar 2010 04:14:00 EST. Please see our terms for use of feeds.

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]]>Financial firms pensionsFinancialFirmsPensionsRBS pension deficitRbsPensionDeficitDavid BurrowsTue, 09 Mar 2010 04:14:00 ESTAny Election bribes on the cards?http://www.dailyfinance.co.uk/2010/03/09/any-election-bribes-on-the-cards/http://www.dailyfinance.co.uk/2010/03/09/any-election-bribes-on-the-cards/http://www.dailyfinance.co.uk/2010/03/09/any-election-bribes-on-the-cards/#commentsFiled under:

Picture of Alistair Darling in the CommonsThis is no ordinary Budget that chancellor Alistair Darling is set to announce.

The government is staring at a huge budget deficit while at the same time looking at an imminent General Election.

Can we realistically expect much in the way of giveaways this time round?

The obvious answer is no but there will some good cheer in the Budget some of it we already know about but there may possibly....just possibly, be a few surprises.

Continue reading Any Election bribes on the cards?

Any Election bribes on the cards? originally appeared on Daily Finance UK on Tue, 09 Mar 2010 04:08:00 EST. Please see our terms for use of feeds.

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]]>Budget sweetenersBudgetSweetenersElection bribesElectionBribesDavid BurrowsTue, 09 Mar 2010 04:08:00 ESTPick of the early market newshttp://www.dailyfinance.co.uk/2010/03/08/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/08/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/08/pick-of-the-early-market-news/#commentsFiled under: ,

Picture of stock market screenBovis Homes Group announced its preliminary results for 2009 which showed a marked improvement on 2008 numbers and indicated the effectiveness of cost-cutting measures.

Bovis posted pre-tax profit for the year of £4.8m (in 2008 Bovis recorded a pre tax loss of £78.7m).

Basic earnings per share are currently 2.8p, which compares to basic loss per share of 49.1p in 2008.

The company claims it has benefited from cheaper, longer term and more flexible banking facilities agreed at the end of 2009.

Continue reading Pick of the early market news

Pick of the early market news originally appeared on Daily Finance UK on Mon, 08 Mar 2010 02:46:00 EST. Please see our terms for use of feeds.

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]]>BovisShellTullet PrebonTulletPrebonDavid BurrowsMon, 08 Mar 2010 02:46:00 ESTMore investment choice is overated!http://www.dailyfinance.co.uk/2010/03/07/more-investment-choice-is-overated/http://www.dailyfinance.co.uk/2010/03/07/more-investment-choice-is-overated/http://www.dailyfinance.co.uk/2010/03/07/more-investment-choice-is-overated/#commentsFiled under: ,

Picture of a man pondering set of figuresThe Financial Services Authority prides itself on talking about transparent investment products and 'treating customers fairly'.

This is all very noble stuff but then there is also this obsession with offering the public more investment options as if in some way more choice means a better deal.

History tends to show that this 'greater choice' is invariably via products that are intrinsically complex in structure.

So on the one hand you have a call for simplicity and on the other you have the sanctioned roll out of products that could potentially be the next mis-selling scandal.

Continue reading More investment choice is overated!

More investment choice is overated! originally appeared on Daily Finance UK on Sun, 07 Mar 2010 15:18:00 EST. Please see our terms for use of feeds.

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]]>Alternative investmentsAlternativeInvestmentsFund of hedge fundsFundOfHedgeFundsDavid BurrowsSun, 07 Mar 2010 15:18:00 ESTOffshore disclosure deadline loomshttp://www.dailyfinance.co.uk/2010/03/06/offshore-disclosure-deadline-looms/http://www.dailyfinance.co.uk/2010/03/06/offshore-disclosure-deadline-looms/http://www.dailyfinance.co.uk/2010/03/06/offshore-disclosure-deadline-looms/#commentsFiled under: ,

Sign for HMRCPeople with offshore investments who have notified HM Revenue & Customs (HMRC) that they want to use the New Disclosure Opportunity (NDO) have just one week to make their disclosures online and to pay all tax, duties, interest and penalties owed in full.

Continue reading Offshore disclosure deadline looms

Offshore disclosure deadline looms originally appeared on Daily Finance UK on Sat, 06 Mar 2010 13:54:00 EST. Please see our terms for use of feeds.

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]]>Disclosure for taxDisclosureForTaxOffshore accountsOffshoreAccountsDavid BurrowsSat, 06 Mar 2010 13:54:00 ESTJK Rowling voted ideal role modelhttp://www.dailyfinance.co.uk/2010/03/06/jk-rowling-voted-ideal-role-model/http://www.dailyfinance.co.uk/2010/03/06/jk-rowling-voted-ideal-role-model/http://www.dailyfinance.co.uk/2010/03/06/jk-rowling-voted-ideal-role-model/#commentsFiled under: ,

Pic of JK RowlingJK Rowling is the most inspirational entrepreneurial female role-model for young women in the UK, new research carried out by The Co-operative Financial Services (CFS) has revealed.

The Harry Potter author came out top of the survey, ahead of other respected names such as Stella McCartney and TV's Dragon's Den star, and successful business-woman, Deborah Meaden.

Continue reading JK Rowling voted ideal role model

JK Rowling voted ideal role model originally appeared on Daily Finance UK on Sat, 06 Mar 2010 13:24:00 EST. Please see our terms for use of feeds.

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]]>JK RowlingJkRowlingSuccessful businesswomenSuccessfulBusinesswomenDavid BurrowsSat, 06 Mar 2010 13:24:00 EST'Time to reward investors via buybacks'http://www.dailyfinance.co.uk/2010/03/05/time-to-reward-investors-via-buybacks/http://www.dailyfinance.co.uk/2010/03/05/time-to-reward-investors-via-buybacks/http://www.dailyfinance.co.uk/2010/03/05/time-to-reward-investors-via-buybacks/#commentsFiled under: ,

Picture of pile of bank notesOne of the UK's leading fund managers is calling on companies to reward investors with buybacks.

Carl Stick, highly respected manager of the Rathbone Income fund, is asking UK companies that hold cash to repurchase their shares.

Continue reading 'Time to reward investors via buybacks'

'Time to reward investors via buybacks' originally appeared on Daily Finance UK on Fri, 05 Mar 2010 06:46:00 EST. Please see our terms for use of feeds.

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]]>RathbonesUK company buybacksUkCompanyBuybacksDavid BurrowsFri, 05 Mar 2010 06:46:00 ESTCoutts AIG bond row may end in courthttp://www.dailyfinance.co.uk/2010/03/05/coutts-aig-bond-row-may-end-in-court/http://www.dailyfinance.co.uk/2010/03/05/coutts-aig-bond-row-may-end-in-court/http://www.dailyfinance.co.uk/2010/03/05/coutts-aig-bond-row-may-end-in-court/#commentsFiled under: ,

Symbol of the court of justiceThe saga of the alleged mis-selling of AIG Life Premier Bonds continues with tycoon Sir Keith Mills telling Radio 4 today that the chase for compensation may soon end up in the courts.

Sir Keith, the man behind Nectar and Air Miles loyalty cards has been fronting a campaign to shame Coutts after the bank allegedly advised him to keep his money in savings bonds issued by AIG, the troubled American insurer.

Continue reading Coutts AIG bond row may end in court

Coutts AIG bond row may end in court originally appeared on Daily Finance UK on Fri, 05 Mar 2010 02:42:00 EST. Please see our terms for use of feeds.

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]]>AIG bondsAigBondsCoutts selling AIG bondsCouttsSellingAigBondsIn FocusInFocusDavid BurrowsFri, 05 Mar 2010 02:42:00 ESTLord's Tory donations deemed legalhttp://www.dailyfinance.co.uk/2010/03/04/lords-tory-donations-deemed-legal/http://www.dailyfinance.co.uk/2010/03/04/lords-tory-donations-deemed-legal/http://www.dailyfinance.co.uk/2010/03/04/lords-tory-donations-deemed-legal/#commentsFiled under: ,

Picture of The House of CommonsAccording to the Electoral Commission just over £5m of donations to the Conservative Party from a firm belonging to Lord Ashcroft were legal.

The decision from the commission comes after a 14-month long investigation and will no doubt be greeted by a sigh of relief at Tory central office.

Continue reading Lord's Tory donations deemed legal

Lord's Tory donations deemed legal originally appeared on Daily Finance UK on Thu, 04 Mar 2010 12:13:00 EST. Please see our terms for use of feeds.

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]]>Lord AshcroftLordAshcroftTory donationsToryDonationsDavid BurrowsThu, 04 Mar 2010 12:13:00 ESTRetired households feeling the pinchhttp://www.dailyfinance.co.uk/2010/03/04/retired-households-feeling-the-pinch/http://www.dailyfinance.co.uk/2010/03/04/retired-households-feeling-the-pinch/http://www.dailyfinance.co.uk/2010/03/04/retired-households-feeling-the-pinch/#commentsFiled under: ,

Pic of wallet covered in plastersAs a result of rising inflation, the average retired household, where the main occupant is aged 65-74 years, needs to find an extra £774.70 a year to maintain the standard of living they enjoyed just 12 months ago.

This is the calculation from retirement income specialist MGM Advantage.

The company also points out that the corresponding figure for a home where the main occupant is aged 75 years and over is £383.91 and the average for all households is £1,222.66.

Continue reading Retired households feeling the pinch

Retired households feeling the pinch originally appeared on Daily Finance UK on Thu, 04 Mar 2010 03:48:00 EST. Please see our terms for use of feeds.

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]]>AnnuitiesPensionsDavid BurrowsThu, 04 Mar 2010 03:48:00 ESTBBC - a mass of contradictionshttp://www.dailyfinance.co.uk/2010/03/03/bbc-a-mass-of-contradictions/http://www.dailyfinance.co.uk/2010/03/03/bbc-a-mass-of-contradictions/http://www.dailyfinance.co.uk/2010/03/03/bbc-a-mass-of-contradictions/#commentsFiled under: ,

BBC logoHas the BBC got itself into hot water over plans to axe services to minority audiences?

Judging by the public response so far, the answer is yes.

What is interesting is that the BBC is to go through a consultation process before it makes a final decision on the future of services such as 6 Music and the Asian Network.

But the fact that these services have been named already would appear to indicate that a decision has already been arrived at.

Continue reading BBC - a mass of contradictions

BBC - a mass of contradictions originally appeared on Daily Finance UK on Wed, 03 Mar 2010 12:25:00 EST. Please see our terms for use of feeds.

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]]>BBC cost cuttingBBC licence feeBbcCostCuttingBbcLicenceFeeDavid BurrowsWed, 03 Mar 2010 12:25:00 ESTKeep economic recovery stories cominghttp://www.dailyfinance.co.uk/2010/03/03/keep-economic-recovery-stories-coming/http://www.dailyfinance.co.uk/2010/03/03/keep-economic-recovery-stories-coming/http://www.dailyfinance.co.uk/2010/03/03/keep-economic-recovery-stories-coming/#commentsFiled under: ,

Picture of analyst screenIs today a good news day? It seems like only last week economists and economic indicators were predicting financial Armageddon and a collapsing pound.

Oh, actually it was last week!

Still, you can't just print the doom and gloom, what good would that do anyone?

The latest survey data released today suggests the UK economic recovery is gathering momentum after all!

Continue reading Keep economic recovery stories coming

Keep economic recovery stories coming originally appeared on Daily Finance UK on Wed, 03 Mar 2010 07:17:00 EST. Please see our terms for use of feeds.

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]]>Consumer confidenceConsumerConfidenceEconomic recoveryEconomicRecoveryDavid BurrowsWed, 03 Mar 2010 07:17:00 ESTMulti managers staying out of cashhttp://www.dailyfinance.co.uk/2010/03/03/multi-managers-staying-out-of-cash/http://www.dailyfinance.co.uk/2010/03/03/multi-managers-staying-out-of-cash/http://www.dailyfinance.co.uk/2010/03/03/multi-managers-staying-out-of-cash/#commentsFiled under: ,

Pic of stockmarket screenFund of funds managers have notably increased their confidence in the stock market.

According to Defaqto, an independent financial research company, multi-managers in the market currently have their lowest levels of cash for over 18 months.

The worsening economic forecasts brought about by the credit crunch led many managers to take a much more defensive stance by increasing cash weightings. This dash for cash appears to have only been short-lived though.


Continue reading Multi managers staying out of cash

Multi managers staying out of cash originally appeared on Daily Finance UK on Wed, 03 Mar 2010 06:32:00 EST. Please see our terms for use of feeds.

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]]>low cash exposureLowCashExposureMulti manager fundsMultiManagerFundsDavid BurrowsWed, 03 Mar 2010 06:32:00 EST'Beware of fully comp exclusions!'http://www.dailyfinance.co.uk/2010/03/03/beware-of-fully-comp-exclusions/http://www.dailyfinance.co.uk/2010/03/03/beware-of-fully-comp-exclusions/http://www.dailyfinance.co.uk/2010/03/03/beware-of-fully-comp-exclusions/#commentsFiled under: ,

Photo of customer in car show room being shown prices
Motorists are being urged to check their car insurance policies to ensure they're not caught out by costly expenses that they assume are automatically covered in their 'comprehensive' cover.

Will Thomas, motor specialist at comparison site Confused.com, warns: "Lots of people assume that certain benefits are part and parcel of comprehensive cover - such as a courtesy car - but this isn't always the case.

It means that motorists are often caught out and end up having to pay a lot of money for things they assumed they would be covered for as part of their comprehensive policy."

Continue reading 'Beware of fully comp exclusions!'

'Beware of fully comp exclusions!' originally appeared on Daily Finance UK on Wed, 03 Mar 2010 04:24:00 EST. Please see our terms for use of feeds.

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]]>Car insuranceCarInsurancemotor policy exclusionsMotorPolicyExclusionsDavid BurrowsWed, 03 Mar 2010 04:24:00 EST