View more on these topics

Investment bank rise on tech-stocks

Investment bank Close Brothers saw its first-half profit boosted by the surge in technology and smaller company stocks.

Close said profits for the months to January 31 before tax and other costs would be more than double the same period last year, expecting to earn in excess of £72.5m compared with £33.2m in the previous year.

Close managing director Rod Kent says: “One of the reasons we believe for the increase in this overall activity is the ease of dealing which new technology provides for private investors.”


Britannic staff face cuts after Cornhill deal

Britannic Assurance is cutting up to 350 jobs after striking a deal with Cornhill Direct to outsource its home insurance businessand centralising its admin.According to the insurer, general insurance products were not a core part of its product range and the partnership with Cornhill will allow concentration on its life and pensions business.Britannic also says […]

Final bid battle for NatWest

Bank of Scotland and Royal Bank of Scotland are set for a bidding show down in their last chance to win the takeover battle for National Westminster Bank.After midnight tonight neither bank will be able to up their bids.Experts predict both banks will bump up their cash offers, but any increases are expected to small. […]

Stakeholder popularity stakes

Pension providers have rubbished a report by Deutsche Bank claiming stakeholder will double the UK&#39s pensions market in the next ten years as “far too optimistic”.Providers say assumptions of stakeholder take-up made by the report are way over the top even exceeding Government hopes.Deutsche Bank bases its estimates for the growth of the pensions market […]

Tep trading new rules

The FSA plans to regulate Teps forcing life offices to inform consumers they can sell their policies on the open market according to MPs and consumer groups.Treasury select committee member Labour MP Jim Cousins says the FSA has assured him the new Financial Services and Markets Bill gives them the power to regulate Teps and […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm