Building Societies’ Association press and public affairs officer Rachel Le Brocq was absolutely devastated when the BSA moved offices, losing all her pictures of David Hasselhoff in the process, a colleague reveals.But who should ride to the rescue? Ex-MM and Money Mail hack James Coney – head and sole member of the Journalists’ Hasselhoff Appreciation Society – who supplied her with hundreds of pictures of The Hoff to replenish her office pinboard. Le Brocq has recovered from her shock and is being comforted by her Hasselhoff pics.
The Derbyshire (Isle of Man) is launching an interest accumulator account for British residents looking to move away.The account has been designed for clients expecting their UK taxation obligations to change at a future date, as a result of moving to Europe, offering control over the date which interest is payable, therefore when tax liability […]
July’s inflation figures hardly supported the MPC’s decision to cut interest rates. The consumer price index hit an all-time high, with higher fuel costs are feeding through into the shopping basket.
Skandia has written down a further 86m in goodwill against loss-making Bankhall, prompting speculation it is preparing to sell the business.Skandia, in its half-yearly report, says Bankhall’s earnings deteriorated during Q2 last year, announcing that the firm reported a loss of 1.36m for the first half of the year excluding goodwill charges. The report states […]
Oceanic Asset Management
ACDS Australian Natural Resources Fund
By Rob Burnett, Neptune European Opportunities Fund
In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.
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Axa Investment Managers has reported nearly €50bn (£44bn) in outflows from its joint venture businesses, but has bucked the withdrawals with strong performance in its specialist products. In a note, the asset manager, part of the French Axa Group, says the decline in inflows was to be partly driven by a number of products reaching […]
Barclays has remained quiet on potential plans to re-enter the retail advice market. The bank closed its advice arm, Barclays Financial Planning, in 2011, but last February Money Marketing reported on plans that it would re-enter the market through a combination of online and face-to-face advice. This would build on the success of direct-to-consumer platform […]
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