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London & Country eyes £300m sale or float

London & Country Mortgages is eyeing a sale or flotation that could value the business at up to £300m. The firm has appointed advisers Fenchurch to handle the process. An L&C spokesman would not comment on the value of any sale or float, but the process could see London & Country valued at up to […]

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Osborne rules himself out of Tory leadership race

Chancellor George Osborne says he will not compete in the Conservative leadership battle. Writing in The Times this morning, Osborne says he accepts the results of the EU referendum but that he cannot give “unity” to the Conservatives. He says: “As for my own future, I will not be a candidate in the Conservative leadership […]

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Discretionary managers failing to apply EU VAT exemption

Discretionary fund managers are failing to cut fees as a result of a European VAT exemption on their model portfolio services. A note sent to advisers by support firm threesixty and seen by Money Marketing, explains how the exemption applies to these services if they meets certain criteria. The criteria were set out in a […]

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Henderson suspends dealing on £3.9bn property fund

Henderson Global Investors has suspended dealing in its £3.9bn property fund, following three other major providers. The asset manager has suspended dealing on the Henderson UK Property PAIF and the feeder fund “to safeguard the interests of all investors”. A statement from the manager says: “Despite a strong underlying portfolio, the decision was taken due to […]

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