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Bupa International wins award

PMI provider Bupa International has been named Exporter of the Year – Major Corporate at the Export Times annual awards dinner. This is the sixth time in the last year the company has picked up in the last year. The judges praised Bupa Internationals professionalism and dynamism, saying it is a true British success story. Bupa has customers in 190 countries around the world.

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Aberdeen pulls out of F&C sweepstakes

Aberdeen Asset Management has pulled out of the contest to buy rival fund manager Foreign & Colonial, the Financial Times reports. The decision leaves Legg Mason, the US based fund manager, as the leading contender to buy F&C. A combination of the two would have created one of the UK&#39s largest independent fund managers, with […]

All share index to beat FTSE 100 says M&G

Fund manager M&G says the all share index will outperform the FTSE 100 for the second year in a row. The fund manager says that since the beginning of 1999 the all share has returned 15 per cent compared to 9 per cent. Head of global analysis John Hatherly says: “During 2000, the FTSE has […]

Abbey pushes to finalise merger with BoS

Abbey National is pushing to finalise its merger with Bank of Scotland amid signs that Lloyds TSB is preparing to launch a bid for the former building society, according to national newspapers. Abbey has offered between £21bn and £25bn for BoS and has agreed to locate the enlarged group’s head office in Edinburgh. Also, the […]

Take an each-way bet

The citizens of Pension City, UK, are big gamblers. Even if they choose the “safest” opt ion – an index-linked annuity – they still lose out heavily if the grim reaper strikes early. However, they can make eff ective use of options that allow them to hedge their bets. The concept of hedging is familiar […]

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