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CIS issues new ethical investment statement

CIS has issued a new policy statement governing the investment strategy of its &#39Environ&#39 ethical unit trust.

While continuing to avoid the usual &#39negative&#39 investment areas of armaments, nuclear activity and tobacco. The new investment statement provides more detail on issues such as animal testing, use of chlorine in water, genetically modified foods and transport.

The strategy accepts a minimum amount of animal testing for medicines and cleaners used for safety purposes, providing testing is to the highest standard and meets with regulations.

The fund will invest is public transport, while avoiding car manufacturers.


C&G warns borrowers to be sensible

Cheltenham & Gloucester is warning homeowners not to get carried away with the current housing boom.The lender says the housing market is set to remain buoyant but borrowers need to be sensible and not overstretch themselves.C&G says: &#34Homeowners should still be looking at affordability based on their monthly outgoings and, where possible, building in a […]

Standard Life Investments hits £35m Isa sales mark

Sales of Isas at Standard Life Investments have topped £35m in the three months since their launch according to the company.The life office says sales of Isas have exceeded their Pep equivalents for the corresponding period last year.Standard reports mutual funds sales for the first three months of this tax year reached £75.8m of which […]

HMC launches fixed rate loans

The Household Mortgage Corporation has launched two fixed rate mortgages.The two year rate is fixed at 6.25 per cent, while the five year loan is fixed at 6.75 per cent. Alternatively for self-certified customers the rates are increased to 6.75 per cent and 7.25 per cent respectively.The lender has also announced it is cutting its […]

DBS announces results

The UK&#39s largest network DBS has almost tripled its profits in the last tax year freed from the burden of pension review costs which restricted the previous year&#39s results.Profits before taxation in the year ending March 31 1999 were £7.4m compared with £2.6m the year before after costs are extracted.But if these exceptional items are […]


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