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Insurers slammed over being tight-lipped

Insurance companies and banks do not provide enough information to keep their investors happy, according to a survey by accountants PwC.


Greater disclosure cound help companies secure higher share prices and cheaper capital because a failure to provide information can hold back share prices, claims PwC.

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Barclays scotches takeover rumours

Barclays have sent out a clear signal it is not in merger talks, according to the Financial Times.New chief executive Matthew Barrett has just bought £456,000 worth of shares in the bank. He would not have been allowed to snap up the shares if a takeover bid was imminent.

Pru on acquisition trail

Prudential is set to hit the acquisitions trial as it bids to become the Goliath of life offices and win the battle for survival in the next millennium.It says life offices will only survive if they become giant organisations offering a full range of financial services and products or tailor their services to become specialised […]

House prices continue to soar

House prices are 13.3 per cent higher than they were this time last year, according to latest research by Nationwide Building Society.The rise is the fastest annual rate increase since the 1980s housing boom.Figures show prices across the country rose 1.9 per cent in November. The average price of a house is now £74,954.

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