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Love sick

Valentine&#39s Day usually throws up a melee of tacky gifts. For example, there&#39s the usual ghastly silk boxer shorts with hearts liberally sprinkled all over the place.

But perhaps the most absurd present yet has come from the Association of British Insurers. It has lovingly given us free access to its beautifully crafted website for a month.

How could one possibly link insurance and Valentine&#39s Day? Both rip you off, perhaps – but that would be too cruel and cynical.

The Diary can only hope that the ABI is monogamous and has not offered anyone else such a beautiful gift. On the other hand, maybe this is one of those occasions when you are grateful for not getting anything on Valentine&#39s Day.

Business junkies may be waiting with bated breath for the relaunch of Sunday Business. According to a magazine insert, the title, now being bank-rolled by the mysterious Barclay brothers, has put together a top team to sock it to the City desks of rivals.

But the Diary is concerned. The insert says Sunday Business has "bought together" a top team. Surely some mistake – a rogue r missing or just a little too truthful?


Liberty has £2.5bn for acquisitions

South African life office Liberty Life has amassed a £2.5bn war chest to spend on acquisitions. The company says it is looking at buying an international life office and has drawn up a short list of two or three targets. Any deal would see its London-listed subsidiary Liberty International break through into the FTSE 100. […]

Credit Suisse boosting Pep commission to 5%

Credit Suisse Asset Management Funds is boosting initial commission on its Pep range to 5 per cent in a major attack on the market. IFAs will be able to take up to 5 per cent as any combination of commission and discount in the form of rebate to clients. The offer comes into force immediately […]

Bob Yerbury

Perpetual chief investment officer Bob Yerbury is a man with a huge weight of responsibility resting on his shoulders. It is not the weighty burden Perpetual&#39s £8.3bn funds under management but the important task of caring for his son&#39s tamagotchi. Yerbury junior, youngest of three children between 11 and 20, has just started at a […]

Edinburgh merges growth funds

Edinburgh Fund Managers is merging its UK income & growth fund with its growth & income fund. The £65m fund will be called the Edinburgh UK growth fund.


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