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Former A&L chief case

Former Alliance & Leicester chief executive Peter White is intending to submit his case for unfair dismissal to an industrial tribunal this week.


White was allegedly ousted in October when chairman and now acting chief executive John Windeler called for a more consensual style of leadership.


A&L now have 21 days to respond to White&#39s submission, which may lead to an out-of-court agreement.


A&L are claiming they have not received any papers from White&#39s lawyers Simmons & Simmons and were not aware of his plans to submit his case this week.


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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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