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OFT delays RBS bid

The Office of Fair Trading has said it needs more time to examine Royal Bank of Scotland&#39s £25bn bid for National Westminster Bank.


The bank&#39s failure to win immediate clearance brings fresh hope for the Bank of Scotland which made a hostile bid for NatWest a couple of months ago.

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Farlake steals march on fund supermarket bid

Asset managers Farlake Group have stolen a march on bigger name rivals with the launch of an online fund supermarket service “Investment Funds Direct.”The execution only site www.fundsdirect.co.uk has left higher profile competitors such as egg: and Fidelity in its wake with its launch on December 1.The website offers investors the choice of 1,500 funds […]

Norwich Union – Equity Release (inserted 29/11/99)

Flexible Cash Release PlanType: Equity release scheme aimed at the over 60s.Minimum property value: £60,000.Minimum-maximum loan: Minimum of £10,000, subject to a minimum of 10% of the property value. Maximum of £500,000, subject to a maximum of 45% of the property value.Interest rate: 7.85%.Minimum-maximum age: Minimum 60, no maximum.Charges: Valuation fee £165 minimum. Application fee […]

Internet share boom

Shares in internet company Freecom shot up on the companies debut on the Alternative Investment Market (Aim). Trade opened at 138 per cent premium on the initial public offering price – at 310p compared to the 130p initial offering. Freecom designs e-commerce packages for small and medium-sized firms. Share dealers speculate internet stocks are in […]

MM reveals life office roll of shame

Legal & General has refused to defend itself in response to a volley of complaints from frustrated IFAs about its administration bungles. MM&#39s switchboard was swamped with calls from IFAs invited to ring our hotline with their stories of suffering from shoddy administration at the hands of product providers.The life office topped Money Marketing&#39s &#39Roll […]

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]

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