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ECB cuts Euroland rate

The European Central Bank Governing Council surprised the markets by cutting rates by 0.25 per cent to 4.5 per cent. The announcement came hours after the Bank of England cut its rate by 0.25 per cent to 5.25 per cent. The cut follows a series of poor economic results from Germany.


Virgin targets IFAs with mortgage comparison tools

Virgin One is introducing an online mortgage service as part of its drive into the intermediary market. From this week, IFAs logging on to will be able to compare clients&#39 existing mortgage with the Virgin One flexible current account loan. Virgin says it is hoping to enable IFAs to give clients a straightforward and […]

Putnam hooks up to health

Putnam Investments is tapping into the world of medicine with the introduction of the Putnam health sciences equity fund.Designed for growth, the fund is a Dublin-based open-ended investment company (Oeic) that is targeted at experienced investors who are looking for a fund to add to an existing portfolio.The fund will mirror the existing US based […]

MPs attack Edinburgh as merger HQ

MP for Halifax Alice Mahon has tabled an early day motion signed by 88 MPs over the £28bn merger of Halifax and Bank of Scotland, questioning the decision to site its headquarters in Edinburgh. Mahon gathered support last week after discovering that the headquarters of the merged company, HBoS, will be at BoS&#39 base in […]

Fix is good for Mortgage Next

Mortgage Next is targeting first time homebuyers and people looking to remortgage their homes with the two-year fixed rate mortgage.The mortgage has a fixed rate of 5.58 per cent for loans of up to 95 per cent of valuation for the first two years of the mortgage. After the fixed rate period it reverts to […]


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