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Abbey National hikes mortgage rate

Abbey National is hiking its variable mortgage rate a quarter of a percentage point to 7.24 per cent.


Abbey is the first of the big lenders to raise its rates following the Bank of England&#39s decision to raise the rate 0.25 percentage points to 5.50 per cent on Thursday.


The Abbey rise in standard variable rates will be in place from tomorrow for new borrowers and December 1 for existing homeowners.


The move raises loan rates under £60,000 to 7.24 per cent, to 7.19 per cent for loans of £60,000 to £99,999 and 7.14 per cent for loans more than £100,000.


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China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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