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PBR: 4bn to help people in poor-quality housing make renovations

Chancellor Alistair Darling announced in the pre-budget report that it will spend more than 4bn over the next three years to help people in poor-quality housing make renovations.

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Positive thoughts

A look at the opportunities that await those with foresight and planning

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Andrew fisher

Honesty and integrity are just two qualities that Towry Law’s chief executive most values and they have no doubt helped him map a successful career path. But his outspokenness doesn’t come without its critics, as can be seen by his company’s departure from Aifa. However, he says these “differences” of opinion should not stop him from achieving his ultimate goal – for Towry Law to be the biggest wealth adviser in the UK in five years. Interview by Will Henley

ex-Paymentshield directors launch MPPI through new venture 3xd

3xd, the new venture from former Paymentshield directors David Fulluck and Mike Riding, has launched a multi-option mortgage payment protection insurance policy underwritten by British Insurance.The firm has also extended its general insurance range for intermediaries to include buildings and contents insurance and legal expenses/identity fraud cover.3xd was set up to rival Paymentshield, a firm […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.

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