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160P for Hargreaves Lansdown shares

Hargreaves Lansdown says the offer price for the initial public offering of its ordinary shares has been set at 160p per share, setting its market value at 759m.


Widows appoints head of distribution development

Scottish Widows has appointed Robert Kerr to the newly created role of head of distribution development. Reporting to sales and distribution director Peter Hendry, Kerr will be responsible for the analysis and assessment of current and future market trends. He will also ensure corporate aims and objectives are aligned with key business partners in both […]

Fears over policing NPSS

Pension experts are warning that the Government has failed to address how personal accounts will be policed.During a panel debate at Money Marketing Live in London last week, Aegon Scottish Equitable head of pensions development Rachel Vahey said the Government has not raised a debate on how employers will be monitored.She pointed to the experience […]

Bolton claims fund split move is blazing a trail

Fund manager legend Anthony Bolton says Fidelity has set a trend by splitting its special situations fund.He says he would have thought that other fund firms have looked at their fund structures. Bolton says a variety of ideas were considered before the £6.5bn fund split in September 2005 but Fidelity was convinced that dividing the […]

Shah will cut stocks but stay contrary

Sanjeev Shah says investors will not see any radical changes in the way the special situations fund is run when he takes over from Anthony Bolton.But Shah says he will reduce the number of stocks within the portfolio from 140 currently to between 85 to 120 as this fits his management style.Both Bolton and Shah […]

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]


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