View more on these topics

Cattles shares suspended

Sub prime lender Cattles’ shares have been suspended on the London Stock Exchange due to its inability to post its 2008 accounts.

The door-to-door lender revealed on April 1 that the external review of the potential extent of its impairments was ongoing, but it was not expected that this work would be completed until the outcome of ongoing discussions with Cattles’ debt providers became clearer.

Cattles says these are complex negotiations, which are likely to continue for some time, and the company’s external auditors are not expected to be able to complete their audit of the 2008 financial statements until those negotiations have been concluded.

As a consequence, the FSA require the suspension of trading of the company’s shares and bonds with effect from May 1.

Recommended

Structure stability

The infrastructure-related sector can provide long-term core holdings with good growth prospects and First State’s specialist fund aims to keep it simple, with the manager convinced that he has value in his portfolioInfrastructure is everywhere, from electricity pylons, gas pipes and water mains to toll roads, railway lines and airports. These things are used all day, every day across the world and are in constant need of maintenance and upgrades.

Trust tax rate will rise to 50%

From April 2010, the tax rate of trusts will rise to 50 per cent. This replaces the 45 per cent additional rate announced in November’s pre-Budget. The dividend trust rate for discretionary trusts will also increase from 32.5 per cent to 42.5 per cent.

cru fears FSA action

cru Asset Management is concerned that the Financial Services Authority (FSA) may want the Arch cru fund range, which was suspended on March 13, to be liquidated at the earliest possible opportunity. A statement published on cru’s website says this decision may be made “on the grounds that although the structure of the funds is […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com