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Lynx shares fall in value

Shares in the software company Lynx plummeted nearly 15 per cent to 144.5p from 166p yesterday after rumours of a drop in full-year profits.

The company blames lack of demand and steep development costs for the likely shortfall in original predictions.

Pre-tax profits are now expected to be closer to £11m instead of £14m as originally expected. This includes a £1.2m investment in an on-line financial advice service following its acquisition of IFA network Bankhall in April.


Friends Prov enhances pensions products

Friends Provident is enhancing its Pension Investment Bond and Retirement Investment Bond products. The Pension Investment Bond will now offer loyalty bonus units of 0.25 per cent after ten years; a regular annual withdrawal facility of up to 7.5 per cent from the start of the plan both penalty and MVA free, and higher allocation […]

Pension industry faces ethical challenges

Socially responsible investment will top City and business agendas according to PricewaterhouseCoopers. New pensions legislation introduced on July 3 coupled with Government-proposed reforms of UK company law are prompting the move. All UK private sector pension funds will be legally obliged to consider SRI and voting rights as part of their overall investment policy as […]

Michael Folger

More than a passing resemblance to Paul Newman, don&#39t you think?” asks FSApress officer Jackie Blyth as she hands me a photo of director ofinvestment business Michael Folger, a piece of information which is dulyfiled in case he needs to be charmed.But it turns out that such journalistic tricks are not needed. He is theone […]

Woolwich – Open Plan 3.55 Per Cent Discount For 2 Years

Tuesday, 7th November 2000.Type: Discounted-rate flexible mortgage.Discounted term: Two years.Discount: 3.55 per cent.Payable rate: 4.2 per cent.Minimum loan: £1,000.Maximum loan: Up to 95 per cent of valuation subject to no maximum.Income multiples: 3.25 times principal income plus second or 2.5 times joint.Features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily.Arrangement fee: £195.Redemption fee: […]


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