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World credit loss '£1.8 trillion'UK Prime Minister Gordon Brown has warned action is needed to prevent the current financial malaise spreading. Mr Brown said the first priority was "to stop the contagion to other countries, including in eastern Europe" where there were "problems emerging". Read more...Private Rented Sector to 'Outstrip Other Types of Investment Property'The value of the Private Rented Sector now exceeds that of all privately-owned commercial property in the UK, according to research carried out for the Association of Residential Letting Agents. Read more...(AFX UK Focus) 2009-01-05 16:03 FACTBOX-Global energy investment hit by financial crisis (Interactive Investor)Jan 5 (Reuters) - The deepening of the global financial crisis and a deep drop in energy prices have forced companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit. Read more...Losses are too much to bear for high fliers in the financial crisis (Independent)Adolf Merckle is the richest, but he is not the first to become overwhelmed by the pressures being inflicted on people across the world by the credit crisis. In the UK, the City was shocked in September when the New Zealand-born Kirk Stephenson, 47, apparently threw himself in front of a train in Buckinghamshire. He was CEO of Olivant, a private equity firm that a year earlier was among the ... Read more...(AFX UK Focus) 2009-01-06 23:31 SNAPSHOT - Financial Crisis - 2315 GMT (Interactive Investor)Business finance and city news online from Interactive Investor, a leading financial news service. Information on currency market news and financial headlines Read more... |
