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Watchdog warning on share perks

The Financial Services Authority are urging caution to investors buying shares because they offer perks.

FSA spokesperson Sarah Modlock says: “If people are buying equities they need to realise there is a risk attached to this. You should always seek professional advice.”

IFA firm Hargreaves Landsdown offers a guide of 90 stockmarket companies who give perks to shareholders including half-price channel trips and high street discounts.

Hargreaves Lansdown head of research Mark Dampier says: “`Clearly if you were going to buy a share you are going to see if the company is any good. But in some cases a perk can make it worthwhile and you can make your money back just on the perk over a few years.”


Portman expels carpetbagger rebel

Portman Building Society are getting tough with carpetbaggers by expelling demutualisation ringleader Richard Yendall.The society are describing his membership as not “appropriate” to the society&#39s long-term aim of remaining mutual.The move to expel the spokesman leaves the other carpetbaggers vulnerable to the same fate and follows Portman&#39s rejection of a member resolution to re-consider […]

Demutualised firms in &#39social lepers&#39 claim

Demutualised building societies are being accused of creating “social lepers” by academic experts.Newcastle University&#39s Richard Willis is claiming former building societies close nearly three times as many branches than they open, particularly in deprived areas.Willis says: “Building societies seem to have a social conscience. They are much closer to their communities and can survive on […]

Halifax predicts house boom

The millennium will see house prices outstripping retail inflation, according to the Halifax.The bank is forecasting house price inflation of 8 per cent during 2000, driven by the prices remaining “affordable”.It also expects Bank of England base rates to rise from 5.5 per cent to 6.5 per cent by the end of 2000.Halifax head of […]

BoS war of words with NatWest

Bank of Scotland has hit out at National Westminster Bank&#39s defence strategy as “selective and unrepresentative” in the latest snipe of the hostile takeover bid for the bank.The attack responds to Natwest&#39s defence document which slated most banking mergers as destroying value.But BoS says Natwest&#39 s defence “clearly indicated its failure to understand the dynamics […]


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