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UK PLCs stagnant, survey shows

UK PLCs are facing increasing financial troubles, with 220 of the top 1,000 publicly quoted companies currently making a loss, compared to only 76 four years ago, according to research by Plimsoll Publishing.

Over the same period average profit margins for the top 1,000 publicly quoted companies have fallen from 6.37 per cent to 3.91 per cent.

Plimsoll publishing senior analyst David Pattison says: “For far too long UK companies have been able to play the stockmarket and ignore basic principles. Perhaps its time to look at these companies realistically.”


Split-cap blame lies elsewhere

IFAs and their clients have been let down on split-caps.Zero-dividend preference shares were classified as low risk and income shares as low to medium risk.This classification is clearly written on key features documents approved by the regulator.We pay the regulator around £30m a year and we have every right to expect it to be accountable […]

GE Life setting up councils so IFAs can have their say

GE Life is setting up IFA councils so it can listen to what they want and is even giving out home phone numbers of senior managers in case advisers want to talk.GE Life has now absorbed National Mutual and is aiming to become a heavyweight IFA provider in the over50s market.To keep in touch with […]

IFAs confident of survival after depolarisation

More than 80 per cent of IFAs believe they will survive in a depolarised world but fear high-street banks will be the biggest winners to the detriment of consumers, according to a survey from Axa.The survey, part of the provider&#39s quarterly IFA issues research, found that 83 per cent are confident they would survive the […]

DBS chief Davy stepping down

DBS founder and chairman Ken Davy is stepping down after 20 years with the company.Davy pioneered the IFA network concept and for two decades he has been one of the industry&#39s highest-profile figures.He is leaving the comp-any of his own accord at the age of 60. DBS was bought by Misys in June 2001, with […]


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