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Ipswich Building Society announces £900,000 profits

The Ipswich Building Society has announced profits of £900,000 for 1998.

Gross lending totaled £37m and total assets are now £226m.

Ipswich chairman John Edwards says the aquisition of a euro denominated-mortagage business represents the highlight of the year.


Scottish American Investment Company reveals Isa plans

The Scottish American Investment Company (Saints) investment trust has revealed plans for a maxi-Isa to replace its Saints Pep.The Stewart Ivory managed trust is waiving its normal annual charge of £35 plus Vat, for Isa investments in the first two years. But investors will still pay underlying investment management and administration charges of 0.55 per […]

L&G highlights investment opportunities for Tessas

With the end of the tax year fast approaching Legal & General has highlighted how Tessas unlike Peps, can still receive new contributions up until 2004.According to L&G this opens up a number of potential investment opportunities. For example, £3,000 could be invested into a Tessa before April 5, effectively allowing the full first year […]

Portman Building Society launches mini-Isas

Portman Building Society is launching two mini cash Isas, an instant access and 90 days notice version.The Instant Access Isa will meet Government Cat standards paying an interest rate of 4.25 per cent with a minimum investment of £10.Savers will qualify for a 1.5 per cent bonus if they invest £3,000 in the first year […]

Schroder Venture International Investment Trust announces interim results

Schroder Venture International Investment Trust has announced a 33.8 per cent increase in net asset value in its six months interim results.The trust, which specialises in investments into Continental management buyouts, had a net asset value of 287.7p on 31 December 1998.The trust&#39s principal holding Charles Vogele, a Swiss clothing retailer, increased its valuation to […]


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