Towry Law increased profit earnings by 45 per cent from £6.2m to £9m on a turnover of £51.3m – a 9 per cent year on year increase from £47.3m in 2006.
What did the rest of the year have in prospect, mused the chairman of the curiously named Betelgeuse Investment Funds? Private investors had remained cautious after the bumpy end to 2007 and were still dumping equity funds. Property remained in the doldrums and even that recent saviour of fund sales teams – commodity-based products – had had wobbles recently.
Guinness Asset Management
Alternative Energy Fund
JO Hambro Capital Management fund manager Nick Roe-Ely is set to leave the company following its decision to close his £13m American growth fund.Roe-Ely, a mid-cap specialist, joined JO Hambro from Tilney in June 2005 with the fund launching in December.A lack of investment in the US has led to the company deciding to shut […]
The Government should not offer mortgage tax relief for first-time buyers as it would distort the market, according to the Great Housing Market Debate panel.Speaking last week in London in the debate sponsored by Hometrack, Nationwide chief economist Fionnuala Earley said: “I think it it very difficult to say you should favour one group of […]
With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]