The Phoenix Group has bought the remaining assets of Network Data. Phoenix, a private equity group that owns several financial services firms, has bought the IT and admin systems as well as client bank of the defunct mortgage network.
What’s all this? There was a touch of excitement in Bournemouth on Tuesday. The day started with an unintentionally hilarious Today Programme head-to-head between Tory Chairman Eric Pickles and the Lib Dems’ Chris Huhne. Mr Huhne did his best attack dog impression – criticising the Conservatives for cosying up to climate change deniers, homophobes and racists in the European Parliament. I’ll say that again. Climate change deniers! Pickles accused Huhne of playing hard to get. As I said, hilarious. But pretty unedifying.
On September 9, the FTSE 100 hit 5,000 for the first time in 11 months, buoyed by a combination of positive figures on UK exports and manufacturing and investment banks welcoming ‘the return of the deal’ as Kraft bid £10bn for Cadbury. But is this the beginnings of a recovery or merely a market rally? Adviser fund index panellists are sceptical.
Chris Taylor, Investment Director & Head of Research at Neptune The oil price has more than halved over the past 18 months. Many market participants assume this is a temporary phenomenon. We believe they are wrong. Our analysis of the changes taking place in the real world suggests the oil industry is adapting to life […]