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Knight leaves Morgan Stanley

Charles Knight has left Morgan Stanley where he was a non-executive director, after facing pressure from the board over his earlier opposition to the appointment of chief executive John Mack.

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Wrapping up the future

Financial services is finally on its way out of the “industrial revolution” it has been struggling through and the future looks bright, accord- ing to Millfield chief executive Paul Tebbutt. Tebbutt says financial services is the “powerhouse” of the country, being the biggest single contributing industry towards the UK’s GDP, and he sees increasing flexibility […]

Millfield expects to be profitable by October

Millfield Group has doubled its turnover and predicts it will be trading profitably by October. Its confident outlook comes despite a 18.2m loss in the year ending March 31. Turnover leapt to 85m from 41.9m in the previous year, boosted by the merger with Inter-Alliance. However, the 8m costs of integrating Inter-Alliance are blamed for […]

Pru and B&B stand firm on endowment chasers

Prudential and Bradford & Bingley say the FSA’s announcement on endowment-chasing companies will not affect their decision to avoid dealing with these firms. A statement from the FSA last week emphasised that an endowment complaint can be brought by any person authorised by the complainant or authorised by law. It said good practice in this […]

Less than divine service

Our industry finds itself forever evolving through different Governments, rules, regulations and, dare I say, scandals.

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