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Network Data is suspended from Aim

Network Data was temporarily suspended from Aim on Tuesday after Lighthouse revealed it had abandoned talks for a potential takeover of advisers and some key staff. A source says Network Data’s bank, HBOS, blocked the deal when it failed to release security over the company by last week’s Friday afternoon deadline. The source says HBOS believes it can get more money for the company than Lighthouse was offering.

In a stockmarket announcement, Lighthouse Group says it has “discontinued all discussions with Network Data Holdings concerning a potential transaction involving certain Network Data’s assets and operations”.

Last month, Network Data was suspended from carrying out regulated business by the FSA.

In a separate alert, Network Data said: “Given the uncertainty surrounding the company’s financial position in light of the offer being withdrawn, the board has requested a temporary suspension of trading in accordance with the Aim rules.”


Money Marketing scoops awards

Money Marketing swept the board at this year’s prestigious Headline Money awards. MM won personal finance trade title of the year while Lee Jones was mortgage writer of the year and Helen Pow was pensions writer of the year. Former editor John Lappin was crowned journalist of the year while Chris Salih was runner-up as investment writer of the year and Julian Marr was runner-up as columnist of the year.

People on the move: Investment

FourWinds Capital Management, the alternative investment manager, has appointed of Lydia Whyatt as managing director in the environment group. Prior to joining the firm, Whyatt spent four years as managing director at Foursome Investments. In her new role, she will focus on deal execution and implementation and will be based in the London office.

Lock-in could offer fair deal on age 75 rule

Suffolk Life says the Government should require people to lock in to a minimum level of annual income when they buy an annuity at 75 but be allowed to use their remaining pension pot as they choose.

Matrix ascension looks to futures

The Matrix ascension fund provides sophisticated retail investors with access to a diversified portfolio of global futures by investing in the sterling share class of the Winton futures fund.

UK gilts: Shaken and stirred

Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]


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