View more on these topics

SOBS says Halifax takeover means &#39slash and burn&#39 redundancies

Save Our Building Societies is calling for job-protection guarantees for Birmingham Midshires&#39 employees ahead of the society&#39s proposed £750m merger with Halifax.


The pressure group is urging Birmingham Midshires members to push for a 10-year safeguard for jobs and branches. Halifax says it &#34intends to avoid compulsory redundancies&#34.


Sobs coordinator Bob Goodall says: &#34The Halifax will slash and burn. They have only promised no compulsory redundancies for three years.&#34


Members finished voting on Tuesday and an EGM is to be held this Friday.


Recommended

CML and MCRI condemn Consumers&#39 Association for premature accusations

The Council of Mortgage Lenders and Mortgage Council Register of Intermediaries have hit out at the Consumer Association for being premature in branding the mortgage code a failure.They say the voluntary code which was launched in July 1997 has not been in operation long enough to be judged a success or failure.They say the code […]

Premier Asset Management posts £1.1m profit

Premier Asset Management has recorded pre-tax profits of £1.1m and earnings per share of 1.31p for the year ended September 30.Its funds under management increased to £296m from £250m in 1997.It says that it has successfully launched its Premier Protected Assets Fund.

EFM offers children&#39s option on investment trust

Edinburgh Fund Managers is launching an investment trust savings plan with an option that allow parents to invest for their children.InvestIT has a &#39Saving for Children&#39 option which provides parents or grandparents with a flexible lump sum or monthly savings option to build a sum of money for the future.EFM says the option has lower […]

Berry Birch Noble appoints

IFA Berry Birch & Noble has appointed Colin Cameron as a director. He joins from Aon Consulting where he spent 13 years as a senior consultant and board director.

Great expectations for Japan

By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment