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Thomson buys pension specialist Read

Thomson Group has bought pension early release specialist Read IFA for an undisclosed sum. Buckinghamshire-based Read IFA has three RIs and will retain its name after the merger with Thomson, which is now owned by German financial adviser giant AWD Holdings AG.

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Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

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