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In Partnership reports pre-tax profit of over £300,000

IN Partnership has made a pre-tax profit of £303,794 for the year ended December 31, 2008, compared to a profit of £369,591 for the 18 months to the end of 2007.

Its gross profit reached ££1.6m for 2008, down from £2.08m in 2006/07.

At the end of 2008 IN Partnership had cash reserves of £3.638m.

Finance director David Robinson says gross profit for 2008 was down 15 per cent on 2007’s figures, which he says is a strong result in difficult market conditions.

He says: “These are excellent results, built on financial strength and we’re feeling very positive about the year ahead.”


Unemployment in eurozone increases

Eurozone employment fell by 0.8% in the first quarter of 2009 which accounts for a fall of 1.22m people made unemployed over the period.The pace of the drop in employment increased on a quarterly basis with eurozone posting a decline of 0.4% in the fourth quarter of last year.The latest figures are the third consecutive […]

BBA challenges FSA’s response to banking crisis

The British Bankers’ Association has written to the FSA with concerns that its response to the banking crisis will not achieve a balance between financial stability and banks’ support for the broader economy.

Manager focus: Tom Winnifrith

Gold and oil stocks were key drivers of performance on the SF t1ps Smaller Companies Growth fund, according to Tom Winnifrith, the manager. The £8m vehicle is a concentrated portfolio of 35 small-cap stocks with a heavy overweight to gold. Winnifrith began building the position late last year and is considering adding to his holdings […]

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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