View more on these topics

Cavanagh in takeover talks

IFA firm Cavanagh has announced it is in takeover talks that could lead to the firm being acquired.

In a statement to the stockmarket this morning, the firm says it has entered into preliminary discussions, which may or may not result in an offer being made for the company.

The firm’s share price has increased over 20 per cent in recent days, from 90p on Jan 25 to 109.5p this morning.

The firm, which had around 60 advisers last May, last announced profits before tax of £782,422 for the year ended December 31, 2009, compared to £207,763 for 2008.

Recommended

1

Interest rates could rise next week, says Skandia

The Bank of England could raise interest rates by as early as next week, warns Skandia Investment Group. Rupert Watson, the head of asset allocation, says there is a possibility rates could be raised next week but admits it is more likely that any rate raises would occur in May. The announcement signals a reversal […]

6

Mutuals and MPs join call for FSCS shake-up

MPs and mutuals have joined advisers’ calls for an urgent review of Financial Services Compensation Scheme funding. Labour MP and Treasury select committee member George Mudie said in a committee evidence session this week it is time to re-evaluate FSCS levies. In November, the FSA postponed a review of the FSCS’s funding model because of […]

In the name of simplicity

The marketing language of investments is supposed to make things easier for clients to understand but instead it often causes more confusion. Is there any solution to the problem? Is the innovation of fund groups worth stifling to ensure products remain clear and easy to understand or is that even necessary? Once a new concept […]

Norwich & Peterborough BS increases LTVs

Norwich & Peterborough Building Society has increased the loan-to-value on a number of its discount rate mortgages to 85 per cent. The society has increased the LTV from 75 per cent to 85 per cent on its two-year discounted variable rate mortgage at 2.59 per cent and from 80 per cent to 85 per cent […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. John Hutton-Attenborough 2nd February 2011 at 11:27 am

    “share price has increased over 20 per cent in recent days, from 90p on Jan 25 to 109.5p this morning”…..before the announcement!!

    Interesting?

Leave a comment