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Financial services volatility good for TD Waterhouse clients

The voltility in the financial services sector will be great for stock buying, says TD Waterhouse.

Chief executive Angus Rigby says the recent woes seen by Bradford & Bingley will be positive news for TD Waterhouse’s customers.

He says: “Bradford & Bingley kicked off the reporting season for the banking sector with a mighty bang on Wednesday with its full year results. The company saw 23 per cent sliced off its share price after CEO Steven Crawshaw said bad loans had more than tripled to 22.5 million pounds in 2007 and alluded to further writedowns.”

He says in an already uncertain climate, investors and analysts have been rocked by news of its subprime exposure and even more bad news is looming.

Rigby says: “Despite these reports and talk of gloomy housing predictions, which could dent mortgage sales, our customers looked to profit from Bradford & Bingley’s woes and the stock equated to 23 per cent of all retail investor buys this week. The majority of these trades were made yesterday when the stock plummeted to an all-time low.”


Advantage latest mortgage firm to shut up shop

Advantage has become the latest mortgage firm to close its business following a statement from parent company Morgan Stanley, it has been revealed.Staff at the firm were only told today that it would be shutting up shop.In a statement issued yesterday, parent company Morgan Stanley says it will discontinue its UK subsidiary Advantage and that […]

Thinc Group acquires Watterson Wealth Management

Thinc Group is expanding its wealth management offering with the acquisition of Watterson Wealth Management. The Knutsford-based firm, servicing the high net worth end of the market, brings 18 staff including three advisers into Thinc. It looks after over 250 clients and has £152m funds under management. The deal was completed for an undisclosed sum.Thinc […]

£180m paid to long term care patients after NHS gaffe

The department of health has paid over £180m in compensation to long term care patients who were wrongly charged in an NHS gaffe.Around 2000 people forced to pay for nursing care between 1996 and 2004 received payments averaging £90,000. According to a 1999 court ruling the NHS should have provided the care for free because […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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