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FSCS places network in default two years after PI lapse

The Financial Services Compensation Scheme has placed a network in default almost two years after the company failed to secure professional indemnity insurance. Money Marketing reported back in June 2013 Kent-based network Virtual Net Europe had alerted members it was unable to secure PI cover. The network posted a £182,532 loss for the previous year. […]

Could Japan return to favour despite slow growth?

The ongoing economic reforms, continued loose monetary policy and a weak yen keep boosting earnings momentum across corporate Japan. The Japanese market gained further traction last week with the Nikkei 225 Stock Average closing above 20,000 for the first time in 15 years. Elsewhere the broader TOPIX index also surpassed its highest level since November […]

Bank of England holds base rate at 0.5%

The Bank of England has confirmed the base interest rate will be held at 0.5 per cent for the 74th consecutive month. The Bank’s Monetary Policy Committee has also voted to keep the quantitative easing programme at £375bn, a level that has been maintained since July 2012 when it was increased by £50bn. The Bank’s […]

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Weir tests shareholder mood for simpler pay schemes

Following a history of shareholder unrest around their pay structure, Weir has introduced a new Restricted Share Awards plan. Ashley Hamilton Claxton, Head of Responsible Investment at Royal London Asset Management shares her professional opinion on this latest remuneration related move by the company. Read the article here. Past performance is not a guide to […]

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