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CHL Mortgages to cut up to 50 jobs

CHL Mortgages has announced it will be cutting up to 50 of its 250-strong workforce.

It says the move reflects the company’s plans to slow mortgage growth in the current year while focusing on credit quality and margins.

Managing director Bob Young says: “Unfortunately this move will have consequences for staff numbers in the business. We have briefed staff on the impact which we believe will lead to a reduction in headcount of approximately 50 people.”


Emerging wisdom

When asked to write an article on emerging markets, I was in a quandary. Did the commissioner of the article really want a commentary on the risks and rewards of investing in higher risk markets? If so, I am not sure I should be concentrating on emerging markets.

Pearl submits revised application for Resolution acquisition to FSA

Pearl has submitted its revised change of control application for the acquisition of Resolution to the FSA.The delay to the deal occurred because Pearl needed further detailed and updated information on Resolution’s financial position in light of the recent market volatility.The 720p per Resolution share deal was originally due to be completed in February but […]

Government could transform equity release

The Government needs to take a positive stance to equity release to transform the market, says the Council of Mortgage Lenders.It says its new research shows the market for equity release has been affected by the Government’s view that it has limited relevance as it cannot help the poorest people.The report says that negative coverage […]

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 […]


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