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Co-op chief asks for 60% pay cut

Co-operative Group chief executive Richard Pennycook has asked board members to drastically cut his pay package as it is “the right thing to do”. Pennycook took over the Co-op at its lowest ebb in 2014, branding £2.5bn losses a “disaster”. According to Sky News he has asked for his basic salary to be cut by […]

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Brokers predict criteria war as B2L volumes dip

Brokers are predicting a criteria war as Government intervention leads to reduced volumes in the buy-to-let sector. Lenders have revised their buy-to-let offerings over the past week in an effort to drum up business. Accord cut rates by up to 30 basis points and TSB by up to 35bps. TSB is also slashing residential rates […]

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Billy Mackay: Why is the industry still handcuffed to legacy products?

With age comes a tendency to reminisce and 1997/1998 sticks in my mind for a number of reasons. Daughter number two came on the scene, so sleep was in short supply. I also broke my leg playing football (an eejit from Ayrshire did it and ran away). It was a bad one and meant I […]

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BlackRock profits fall 20% as market turmoil hits fees

BlackRock’s profits fell 20 per cent in the first quarter of the year amid market swings, after job cuts at the firm were revealed. In its first quarter results, published today, net income at the giant money manager decreased to $657m (£464m) from $822m for the same quarter a year ago. BlackRock chief executive Laurence Fink says: […]

Tech IPOs: The outlook in 2017

Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]

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