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Intelligent Finance grabs 9 per cent of mortgage market

Halifax’s telenet bank Intelligent Finance has secured 9 per cent of the UK net mortgage market in its first full year of business. IF’s market share has risen from 7 per cent in June and its new business growth is currently more than £750m per month but the bank says it does not expect to hit its break-even point until 2003.

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Lending up after lull in September

Mortgage lending rose by 6.5 per cent last month to £14.7bn from £13.8bn in September, according to figures from the Council of Mortgage Lenders.The amount represents gross lending from banks and building societies and is significantly higher than the total of £9.9bn lent in October 2000.Remortgaging increased as a proportion of total lending to £4.8bn […]

Aberdeen looks to growth

Looking at the disadvantages of the trust Keen says: “Investment isrestricted to Aberdeen fund range and are reliant on selling holdingsat potentially the wrong time to fund purchase of unquoted portfolio.High-risk investment, heavily focussed on management skill of BillNixon – good record but question mark if he leaves.” He also feelsthat the three year minimum […]

Bull Brown casts aside the caution

Keith WadeDespite the usual scares about higher taxes, the Chancellor has used the pre-Budget report to give the economy a further boost and to take some of the pressure off the Bank of England&#39s monetary policy committee.His earlier caution on growth means that the Government finances are still pretty much on track and he has […]

Davies hints at KFD redesign

FSA chairman Howard Davies has hinted that Key Features Documents could be subject to a complete redesign.Speaking at the foreign banks & securities houses association conference in London yesterday, Davies said that KFDs were not providing a sufficient level of disclosure for investors. He said: “There is ample evidence that the disclosure requirements we place […]

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?

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