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Third time lucky?

I can&#39t quite believe I am writing my third letter but here goes again. Millfield chief executive Paul Tebbutt yet again seems not to understand the question.

I was not asking for a profit forecast merely whether he was going to make a profit at all. It is only through his company&#39s closed period that he can&#39t say anything but this ended in July.

One of the roles of a chief executive must be to promote his company. On two occasions now, Money Marketing has given him an excellent platform to do just that. Each time he has failed. Still, at least Neil Woodford gave me a straight answer but Money Marketing readers wait with bated breath for Mr Tebbutt&#39s answer.

Mark Dampier

Hargreaves Lansdown,



Bankhall loses third compliance manager

IFA support services group Bankhall has lost another member of its senior management team.Compliance director David Badley has resigned after a few months in the role. He was part of a top tier of management leading a 130-strong compliance team.Badley is the third compliance director to leave the 5,000-adviser group within 12 months. He follows […]

160 redundancies anticipated at Britannic Money

Paragon has announced extensive restructuring at Britannic Money, renamed Mortgage Trust. It will be combining duplicated functions at the Group&#39s head office in Solihull for all but the staff involved in new business originations. This will mean up to 160 redundancies in Epsom over the next three months. Paragon anticipates 70 new positions in Solihull, […]

Biggest fall in house prices for 18 months

House prices have fallen for the first time since January and have seen the biggest reductions for 18 months, according to housing tracker Rightmove in its latest house price index figures.It says asking prices overall fell by 0.6 per cent in August. House prices in London fell by 2.8 per cent and the average home […]

Employees want greater benefit choice – Gissings survey

Employees want far greater choice over the benefits they are offered by employers according to a survey by employee benefits consultant Gissings. The research shows 88 per cent of respondents want flexibility to decide which benefits they receive but only 30 per cent currently have any choice. Twenty per cent of respondents would opt out […]


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