View more on these topics

Marlborough Stirling results show profits down

Technology firm Marlborough Stirling&#39s end of year profits show total turnover down to £114.6m from £121.0m in 2002. Profits have also decreased with adjusted pre-tax profit at £10.6m from £11.3m last year. Reported pre-tax profit showed a loss of £34.5m from 2002 to this year&#39s £2.5m.
But after a period when the board has been unable to recommend a dividend it will now recommend 0.5p that will be paid on 1st June 2004 to shareholders on the register on 30th April 2004.

Marlborough Stirling chairman and chief executive Huw Evans says: “Our financial performance improved during the past year; decisive actions to reduce costs mean that underlying profitability was similar to 2002, despite lower turnover. We have also considerably strengthened our balance sheet.

Improving levels of new business activity mean that we are increasingly confident that our solutions have a key role to play in the transformation of UK financial services to a truly competitive, consumer focused and efficient market.”


Providers can give tech cash

Product providers will be allowed to give direct support, including cash, to help IFAs with technology for their businesses. The rule change extends provision of reasonable indirect benefits to include information technology support. Providers will be able offer IFAs cash or help towards developing software or computer facilities. The provision will be at the FSA&#39s […]

Investment Trust Isa sales down 35 per cent

Purchases of investment trust Isas through investment trusts and their managers sunk 35 per cent in 2003 according to the latest statistics from the AITC. Isa sales fell to £61m in 2003 from £93.2m in 2002. The total purchases of Isas through investment trusts and their managers in Q4 2003 decreased 2 per cent to […]

Close Property Investment – Fixed Uplift Properties

Type: Closed-ended fund Aim: Growth and income by investing in UK commercial property Minimum investment: Lump sum £25,000 Investment split: 100% UK commercial property Place of registration: Isle of Man Charges: Annual 3.5%, performance fee 20% Commission:Initial 3.15% Tel: 0870 733 3773

Mortgage Express acquires GMAC-RFC portfolio

Mortgage Express has completed the purchase of a mortgage loan portfolio from GMAC-RFC for around £480m. The acquired mortgages are buy-to-let, self-cert and standard mortgages. All lending in the portfolio is secured on UK residential property, and average loan size is approximately £117,000 with an average loan to value of approximately 74 per cent. Mortgage […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm