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Bristol & West announce record results

Bristol & West Investments has announced record interim results in the six month period to September this year, prompting shareholder hopes of a dividend in 2001.

Compared to the same half-year period last year, profits shot up by 52 per cent to £350,206 from £230,399, while turnover rocketed by 56 per cent to £763,405 from £489,362.

Gross mortgage advances reached £6,376,523, with earnings per share for the period at 0.27p, down from 1.23p last year.

B&W chairman Royston Smith says: “We are optimistic about the future and expect that further progress will be achieved during the remainder of the following year. I feel confident that we will be in a position to announce a dividend when we report our final accounts in April/May 2001.”


NatMut arm continues SSAS and Sipp push

National Mutual is establishing a new wholly-owned subsidiary, NM Services, to continue its focus on self-invested personal pensions and small self-administered schemes business.The move will mean employees of outsourced pension administration outfit Namulas Pension Trustees will be brought under the National Mutual banner and will simplify accounting transactions between itself and National Mutual Life.The new […]

Principality – 5.95 Per Cent 3 Year Capped Rate Mortgage

Tuesday, 24th October 2000.Capped term: Until December 31, 2003.Capped rate: 5.95 per cent.Minimum loan: £75,000.Maximum loan: Up to 75 per cent of valuation subject to a maximum of £250,000.Income multiples: 3.5 times principal income plus second or 2.5 times joint.Arrangement fee: £299.Conditions: Free valuation, free legal fees on remortgages if recommendedsolicitor used, otherwise £225 towards […]

Union backing for Halifax IFAs over axe claims

Halifax IFAs have won the support of their staff union over their claims that they have been effectively made redundant after the bank&#39s decision to close its IFA arm.The advisers claim Halifax is trying to avoid forking out for costly redundancy packages by forcing them to become tied agents.Halifax says becoming part of its tied […]

EU directives will pull down barriers to UK businesses

The UK financial services sector will benefit from the introduction of a number of European Union initiatives aimed at reducing regulation, says Tory MEP Theresa Villiers.Villiers, a member of the EU economic and monetary affairs committee in Brussels, says regulation is a major barrier to the UK industry expanding on the Continent.She believes three EU […]

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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