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Hot gossip fuels share surge

Online sites offering &#39top tips&#39 on investments have been fuelling big share price rises, according to the Financial Times.


The occasional accurate forecast on money sites is seen to be stoking a boom. Although regulators and the stock exchange are worried about leaks of insider information, &#39strong rumours&#39 invariably prove to be inaccurate.

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ABI quality drive

The ABI has officially announced the launch of a quality mark for financial services. The Pensions, Protection and Investments Accreditation Board will be an independent body design to set standards, it claims have been called for by consumers groups, the Government and the industry.Products will be awarded a quality mark based on meeting clarity of […]

NatWest set to sell off Ulster arm

National Westminster Bank is planning to sell the fund management arm of its Irish subsidiary Ulster Bank as part of its defence against Bank of Scotland&#39s hostile take-over bid.Ulster Bank Investment Managers is worth around £72m and has nearly £4.5bn in assets under management. The sale is part of Natwest&#39s “wide-ranging review of Ulster Bank&#39s […]

FSA points to firms&#39 compliance failings

The FSA says 99 out of 100 companies are failing to comply fully with itsrules. The regulator&#39s internal study revealed only 1 per cent of firms arefound to be fully compliant when it conducts routine inspections. But itsays the figures must be looked at in the context that the changes itenforces are usually minor and […]

Consumers&#39 blind eye to small-print

Consumers are turning a blind eye to the small print on financial documents to their cost, according to financial services company Saga.One in three of the 1,000 respondents fail to understand the small print and loose money as a consequence while one in five admitted to never reading the small print and one in four […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]

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