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Citywire Investment News

• Tech trusts: should the betamax moments turn you off?
  Wed, 22 Feb 2012 14:22:40 Z
  The tech sector has enjoyed a spectacular three-year run, but the wide discounts in the closed-end soace may be a telling sign investors still bear a grudge after the 2001 crash. 
  

• Investment complaints at Barclays Bank jump 77% in 2011
  Wed, 22 Feb 2012 13:59:14 Z
  Complaints linked to investments at Barclays spiked between 2010 and 2011, despite a broader 30% fall in gripes about the bank's other services.
  

• FundsNetwork strikes platform deal with Barclays Stockbrokers
  Wed, 22 Feb 2012 12:42:24 Z
  Fidelity FundsNetwork has struck an exclusive deal with the bank to provide its core fund platform in a move which will see it go head to head with the likes of Hargreaves Lansdown.
  

• Alan Miller teams with Deutsche to launch UK's first ETF of ETFs
  Wed, 22 Feb 2012 11:25:09 Z
  SCM Private is launching the first exchange traded fund (ETF) of ETFs in the UK in conjunction with db X-trackers, to provide a low-cost, actively managed multi-asset strategy.
  

BBC Business News

• South Korea wins Navy tanker deal
  Wed, 22 Feb 2012 18:44:55 GMT
  The Royal Navy selects South Korean firm Daewoo for a £452m deal to build four new fuel tankers.
  

• Obama seeks US corporate tax cut
  Wed, 22 Feb 2012 18:26:09 GMT
  US President Barack Obama proposes a cut in corporate tax and an end to tax loopholes, as part of his election-year strategy on the economy.
  

• Bank members voted for £75bn QE
  Wed, 22 Feb 2012 17:49:37 GMT
  Minutes show two of the Bank of England's Monetary Policy Committee wanted more money pumped into the economy, sending sterling down on the currency markets.
  

• Greek MPs consider bailout laws
  Wed, 22 Feb 2012 17:38:48 GMT
  Protests take place outside parliament in Greece, as MPs consider emergency laws after a 130bn-euro bailout deal.
  

BBC News

• Strauss-Kahn released by police
  Wed, 22 Feb 2012 20:55:59 GMT
  Former IMF head Dominique Strauss-Kahn is released after two days of questioning over an alleged prostitution ring but will be quizzed again next month.
  

• Comic Frank Carson dies aged 85
  Wed, 22 Feb 2012 20:45:07 GMT
  Northern Irish comedian Frank Carson has died aged 85, a statement from his family says.
  

• Hamilton praises new car's speed
  Wed, 22 Feb 2012 20:32:12 GMT
  Lewis Hamilton pronounces himself impressed with the speed of his "well-behaved" new McLaren after day two of the second pre-season test in Spain.
  

• Nine cleared of UDA man's murder
  Wed, 22 Feb 2012 20:20:50 GMT
  Nine men involved in the UVF supergrass trial in Belfast are acquitted of the murder of UDA leader Tommy English.
  

Citywire News

• Rexam flies ahead on profit gains as FTSE lags
  Wed, 22 Feb 2012 17:36:35 Z
  Britain?s benchmark stock index flatlines as downbeat data create a gloomy outlook despite the Greek deal averting a crisis for now.
  

• Barclays takes on Hargreaves in fight for DIY investors
  Wed, 22 Feb 2012 16:30:04 Z
  Barclays Stockbrokers has signed up funds platform Fidelity FundsNetwork in a bid to take on Hargreaves Lansdown (HRGV.L) in its core market.
  

• Welcome to an uncertain financial future
  Wed, 22 Feb 2012 15:42:48 Z
  Sandwiched between two skint generations, the Uncertain Generation are seeing their money squeezed like never before.
  

• Barclays: customer complaints down but 'still too high'
  Wed, 22 Feb 2012 14:44:48 Z
  Customer complaints fell 6% in 2011, but were up in the second half of the year and high in investments and insurance.