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Henderson profits could halve

Henderson Group has warned that it expects profits to halve for the first half of this year to 25m-28m, including one quarter’s contribution from New Star, down from 50.8m in 2008.

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Aviva blunder on orphan payouts

Aviva has sent out letters to 9,000 with-profits policyholders admitting it miscalculated the amount owed to them in the redistribution of its inherited estate.

Cheap side

There are some signs of positive sentiment returning to the commercial property market.

British public sector debt swells

Public sector net debt in Britain swelled to £799 billion, or 56.6% of gross domestic product (GDP) in June, according to the Office for National Statistics (ONS).Net borrowing in the public sector was £13 billion over the month, almost double the £7.5 billion net borrowing in June 2008.Despite the increase, net borrowing fell on a […]

Tories sharpen axe for FSA

The Conservatives have set out their plans for the abolition of the FSA, with prudential powers to be passed to the Bank of England and a new body to regulate advisers.

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