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Citywire Investment News

• Private Client Manager Retreat: picture gallery part 2
  Mon, 20 May 2013 13:52:44 +0100
  Wealth managers took some time out to digest a fascinating insight into the world from Odey's asset allocation guru Tim Bond, before settling down to dinner at the Four Seasons in Hampshire.   
  

• Can Japanese easing sustain the high yield party?
  Mon, 20 May 2013 13:33:39 +0100
  The relative strength of the high yield market has come as a surprise to many, given its low absolute yield on a historic basis. Yet some investors argue the sector has even further to go.
  

• Can BT score against BSkyB in new sports TV push?
  Mon, 20 May 2013 13:20:15 +0100
  After much speculation and more than £1 billion of investment, BT has entered sports TV with a bang, promising free Premier League football coverage to its broadband customers.
  

• Peformance threat as investment trusts face costly new EU rules
  Mon, 20 May 2013 13:12:12 +0100
  The Alternative Investment Fund Manager Directive (Aifmd) risks raising the cost of closed-end funds and could have a detrimental impact on performance.
  

BBC Business News

• Yahoo to buy Tumblr for $1.1bn
  Mon, 20 May 2013 12:51:34 GMT
  Yahoo agrees a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m).
  

• Tax credits scam email warning
  Mon, 20 May 2013 12:47:38 GMT
  People who receive tax credits are being warned about scam emails being sent out by fraudsters in an attempt to gather card details and passwords.
  

• FirstGroup stock hit by rights issue
  Mon, 20 May 2013 11:21:43 GMT
  Transport company FirstGroup has announced a £615m rights issue in a bid reduce its debt after its full year profit dropped by over a third.
  

• VIDEO: Simpler energy tariffs but higher bills?
  Mon, 20 May 2013 11:11:20 GMT
  Energy customers can face choices including a "two-year capped price plan 2" or a "blue plus price promise February 2015" when choosing gas and electricity tariffs.
  

BBC News

• 'No proof' Israel shot Gaza child
  Mon, 20 May 2013 12:53:00 GMT
  An Israeli government investigation concludes a French news report in 2000 which blamed Israeli troops for shooting dead a Palestinian child was baseless.
  

• Congo clashes as UN force deploys
  Mon, 20 May 2013 12:52:46 GMT
  Heavy fighting takes place between government and rebel forces in eastern Democratic Republic of Congo, where the UN has deployed an attack force.
  

• Yahoo to buy Tumblr for $1.1bn
  Mon, 20 May 2013 12:51:34 GMT
  Yahoo agrees a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m), promising that it will operate independently.
  

• Vettori in line for NZ Test return
  Mon, 20 May 2013 12:42:33 GMT
  New Zealand's Daniel Vettori could play in the second Test against England after Bruce Martin is ruled out with injury.