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Financial News Headlines

Letters to Liz
Liz Dolan answers readers' questions.

Are you due an exit fee refund?
The FSA has ruled that borrowers who were charged too much for switching mortgages can now seek redress. But they must pursue their own claim, warns Emma Lunn.

Pensioners win key case against government
LONDON (Reuters) - Four pensioners who were among up to 125,000 who lost retirement funds when their companies went bust won a legal victory against the government at the High Court on Wednesday.

Blair emails 1.8 million people to defend road tax
LONDON (Reuters) - Tony Blair defended proposals for a national road-pricing system on Wednesday, writing an email to almost 1.8 million petitioners who oppose the plans to say it would not be a "stealth tax".

Bricks and Mortar may be crumbling
Investment firms across the City are gearing up for another end of tax year marketing onslaught and, once again, it is the property funds they are shouting about.

Sun may yet rise on investors in Japan
Despite their poor performance last year, the country's funds are still being talked up

Dacia-Renault workers in Romania plan strike
BUCHAREST (AFP) - Dacia-Renault factory workers in Romania plan to strike Monday following failed negotiations for salary increases, the company's management said Saturday.

Insatiable investment funds in hot pursuit of huge prey
WASHINGTON (AFP) - The widely anticipated takeover of a Texas energy giant by Texas Pacific Group and Kohlberg Kravis Roberts for more than 30 billion dollars, likely to be announced Sunday, showcases the insatiable appetite and deep pockets of private investment funds.