A nosey janitor caused quite a stir up at Bankhall the other week when, on seeing a pair of helmets and overall-wearing blokes running frantically from the building and screeching off in a “get-away car”, he thought it best to err on the side of caution and phoned the police.The Diary is not sure who would have been most embarrassed when, on the Manchester Metropolitan Police arriving at their Southmark Building, it turned out that Peter Mann and Paul Hogarth were simply filming a scene from their corporate video. Whoops.
The JPMF overseas investment trust is to undertake a strategic review following the declaration of an 18.2 per cent holding in the firm by arbitrageur Carrousel Capital.
UCB Home Loans is adding a two-year tracker, free from early repayment charges, to its self-cetification range on October 31.The new product will be set at Bank of England base rate plus 1.29 per cent, giving a current rate of 5.79 per cent. The lender will also reduce its tracking increment on its BTL two-year […]
The child trust fund means that, for the first time, all children will have some money behind them at the start of their adult lives
An IFA with offices in London and Manchester has lost his credit licence, guilty of housing benefit fraud. FT Management Group IFA Theophilus Sonalike has just lost his appeal against the OFT revoking his licence. Sonalike, working out of offices in Brunswick in Manchester and North Woolwich in London, was convicted of fraud in January […]
By Ali Unwin, Chief Technology Officer & Manager of the Neptune Global Technology Fund Fear has always been a key ingredient for technological experimentation and adoption, and today is no different. But when and where are these fears justified? asks Ali Unwin, Chief Technology Officer and Manager of the Neptune Global Technology Fund Click here […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]