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Halifax and Pru deny merger speculation

Halifax and Prudential are refusing to comment on press speculation of a merger.

Analysts have suggested that the two financial giants would fit together well, but there is substantial duplication between the respective IFA companies Halifax&#39s Clerical Medical and Prudential&#39s Scottish Amicable.

The City has often expressing dissatisfaction with Halifax&#39s inability to capitalise on its market strength and believes that a merger with Prudential would sit comfortably with Prudential chief executive Sir Peter Davis&#39s vision of the future of financial services.


Neil Jones to head broker sales at Morgan Grenfell

Morgan Grenfell Investment Funds Limited is appointing Neil Jones as head of sales following the sudden resignation of Patrick Cooper.Jones has been a regional sales manager with MGIF since 1997 and will be responsible for managing the specialist broker sales team.MGIF managing director Frances Davies says: &#34Neil&#39s appointment comes at a time when we are […]

AITC launches shareholder value initiative

The Association of Investment Trust Companies is launching a number of initiatives which it hopes will enhance shareholder value.The trade body has commissioned a &#34Reference Book for Directors&#34, which will be researched and edited by Nigel Sidebottom, formerly of Greig Middleton.It will also produce a guidance note on best practice for investment trust company reports […]

Consolidated wins Scot Prov account

Scottish Provident has appointed London agency Consolidated Communications to replace Polhill as provider of its UK, offshore and group PR.Scot Prov this week switched to Consolidated from Polhill Communications after a three-way pitch. Three teams at Consolidated will work to increase the life office&#39s brand profile and develop its position in the life market. Consolidated&#39s […]

Martin Currie sticks with Shell

Martin Currie is retaining confidence in Shell as a profitable long-term investment despite the oil giant&#39s 56 per cent drop in third quarter earnings.It says the fall in earnings is due to the economic slowdown in Asia which is stretching most of the globe and not because of a drop in the price of oil.The […]


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