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Editor’s comment of the week: I guess I should be flattered

Comment relating to online article: Shareholders dash Lighthouse delisting hopes

I guess I should be flattered that David Hickey accords such a high level of importance of the few comments I made in relation to this sorry saga.

The fact is that this was a badly conceived and poorly executed proposition. Shareholders simply considered the information provided to them and rightly reached their own conclusions.

The company’s proposal to delist from AIM was defeated by a clear and substantial margin, which may well have been rather higher had I actively sought to participate in the debate and engage in influencing the outcome, as is suggested.

Allan Rosengren


FTSE 100 continues rally despite Standard Chartered share plunge

The FTSE 100 has continued to rally on Tuesday despite a sharp share plunge from banking giant Standard Chartered. At close, the blue-chip index rose 0.6 per cent to stand at 5841.24, despite the UK-based bank having over 16 per cent wiped off its share price after the New York State Department of Financial Services […]

CML: BTL lending increased 5% in Q2

Buy-to-let lending increased by 5 per cent in the second quarter of 2012, according to the Council of Mortgage Lenders. CML data published today shows lenders advanced 33,200 loans worth £3.9bn in the three months to 30 June, up from 32,300 loans worth £3.7bn. This is up 18 per cent from £3.3bn in the second […]

NAPF set to scale back pension charges disclosure plans

The National Association of Pension Funds is set to scale back plans to force insurers to provide employers with a standard illustration of the impact of charges on an employee’s pension pot. A draft copy of the NAPF’s code of conduct on charges transparency, seen by Money Marketing, revises the requirement so the standard illustration […]

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]


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