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Northern Rock finalising job cut plans

Northern Rock is believed to be finalising plans to make 2,000 staff redundant over the next three months.

Reports have emerged that the bank will unveil its plan next week which will then be followed by a 90-day consultation process with affected staff.

Northern Rock chairman Ron Sandler had previously revealed the lender would be making a third of its 6,000 staff redundant by 2011.


Stoakley says boutiques face challenge

Schroders managing director of UK retail Robin Stoakley believes fund boutiques will have a fight on their hands to keep up with bigger competitors due to the current market conditions.

Rooftop to close

Rooftop Mortgages, the UK specialist subsidiary of US bank Bear Stearns, is set to close after withdrawing its entire range last Friday.

Trimming the fat

Last week Invesco Perpetual decided to take the plunge on its struggling US range after announcing its intention to merge the trio of funds down to a single vehicle.

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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