Mortgage approvals from the high-street banks rose again in July as figures hit a 17-month high. The British Bankers’ Association says approvals stood at 38,181, up by 7.4 per cent from June and 77 per cent higher than a year ago.
There is an interesting battle going on in investment land. It is not between active and passive management per se any more – I forgive you for being bored to the teeth of that debate – but on whether a new, ethical investment industry can be supported equally by both strategies. Royal London Asset Management […]
Charles Stanley has seen revenues at its financial planning division jump 20 per cent over the six months to the end of September. Results released this morning show that the discretionary fund manager and platform provider made “continued investment in the expansion of the financial planning division”, generating turnover of £3.5m compared to £2.9m for […]
The Investment Association has launched new guidelines for executive remuneration, following “shareholder rebellion” this AGM season. The trade body says that there is mounting frustration from investors that listed companies are not taking concerns about excessive pay packets for senior staff seriously, and has issued a new “Principles of Remuneration” document today. The IA has […]