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FSA says depolarisation rules will be out by Christmas

The FSA has set itself a deadline of Christmas to publish its consultations the new post polarisation regime.

It says it has been deluged by responses to CP121 from the industry and consumers, some of which are large in size and require time to process. The regulator also says it will have to take the reviews of Ron Sandler and Alan Pickering on board.

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Merchant opens up new Threadneedle fund link

Merchant Investors has added Threadneedle&#39s strategic bond fund to its portfolio range of pensions and investment products.The bond fund, which is actively managed across the whole range from investment grade bonds to high yield bonds, has a gross running yield of 7.5 per cent and a redemption yield of 5.83 per cent.The move is the […]

Mortgage firms in tracker deal

Mortgage distributor Pink Home Loans has linked up with specialist lender Mortgages plc to offer a new range of base-rate tracker products. The Crystal mortgage range is a selection of tracker mortgages with a 1.5 per cent discount until August next year. Rates start at 5 per cent and are tiered according to loan to […]

Royal & SunAlliance Eurolife – Swiss Franc Managed Fund

Wednesday, 3 July 2002 Type: Unit-linked bond Aim: Growth by investing in Bank von Ernst Swiss Franc managed fund and international equities Minimum investment: Lump sum Swiss franc 45,000, euro 30,000 Place of registration: Dublin Investment split: Bank von Ernst Swiss Franc managed fund 67%, international equities 33% Isa link: No Charges: Initial 0.3-0.6%, annual […]

Inside Edge: Peter Dornan

The basic criteria used to select the most appropriate financial products for clients are hardly startling. A tailored product, consistent investment performance across a range of funds and good service support are key elements to consider. However, the financial health and outlook of the provider require a more significant evaluation and this has quickly installed […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.

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