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Digest

Profit warning from CavanaghCavanagh
Group has issued a profit warning, blaming the integration of Ernst
& Young Financial Management and higher than expected trading
costs. It says it expects to go into profit in the first half of 2005
rather than its previous forecast of December 2004.

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UK interest rate is held at 4.75 per cent

The Bank of England has today frozen the UK interest rate at 4.75 per cent.The rate hold was expected by most industry pundits and has been welcomed. It is thought this is the peak of the base rate and we will see cuts next year as long as the global economy does not provoke otherwise.Purely […]

Depolarisation edge: Stephen Ingledew

The term multi-tie has no real meaning in the current world of financial advice – it is like referring to a sixpence in a post-decimalisation world – so can we stop using the term as it certainly does not help consumers.

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