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Cazalet predicts 10 per cent mortgage market share for Standard Life

Standard Life Bank and Prudential&#39s Egg could dominate the mortgage market in 1999, according to insurance analyst Ned Cazalet.


He believes Standard Life Bank will achieve its goal of taking 10 per cent of the market in 1999 because its products are simple and well marketed.


He also believes that Egg has the potential to be as successful if it enters the mortgage market with simple products.


Standard Life Bank&#39s Freestyle Mortgage took in £60m of business on its first day at the beginning of January.

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Scottish Friendly relaunches Growth and Security Bond for 1999

Scottish Friendly Assurance is relaunching its Growth and Security bond for 1999. The bond was first introduced in February last year. It offers an initial investment of £2000, a flexible savings term and regularly withdrawals.The regular bonus rate for 1999 is 6.5 per cent a year. A loyalty bonus of 2.5 per cent extra units […]

Barclays Global Investors launches third Tep fund

Barclays Global Investors is launching a traded endowment policy investment trust which is aiming to raise £30m.BGIEF III will buy Teps that will mature between 2009 and 2013. The mid February launch will comprise a placing and offer for subscription which will close in early March.Minimum investment is £2,000. IFA commission is 2 per cent.

Norwich City gets £200,000 bonus from Norwich & Peterborough

Norwich City Football Club is celebrating receiving a bonus payment from Norwich and Peterborough Building Society worth more than £200,000.The bonus represents 1 per cent of the average balance invested by Norwich City fans in the society&#39s Canary Account during 1998.

Greig Middleton hires two fund managers

Greig Middleton is looking to recruit two investment managers ahead of the launch of a series of expansion plans.The firm wants to recruit a specialist manager for investment trusts and a manger to handle equity-based portfolios.

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.

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