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West Brom in move to double size

West Bromwich Building Society is hitting the acquisition trail in a bid to double in size over the next four to five years.

The society says it is in discussions with potential suitors but is still keen to speak to others, particularly smaller societies.

It says it wants to double its size over the next four to five years through organic growth and acquisitions.

It is looking for a business that will complement its own offering and is ruling out hostile takeovers, saying it would rather work with future subsidiaries than merely subsume them.

Chief executive Andrew Messenger says: “The market is not over-receptive as everyone wants to plough their own field. But when the housing market starts to slip, we hope that there will be a greater response.”


nvesta – Quad Tracker Plan 2

Type: Capital protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£2m, £7,000 Isa Term: Six years Guarantee: Original capital returned in full providing index does not fall by more than 40% Return: Up to four times the increase in the index subject to a maximum of 80% Closing […]

Future Films offers five film deal for investors

Film funding vehicle Future Films is launching five feature film projects available to UK investors.The first of the films, a romantic comedy called Laws of Attraction starring Julianne Moore and Pierce Brosnan, is set to start shooting in June. It will be made in the UK and Ireland by director Peter Howitt of Johnny English […]

Amber buys £70m mortgage portfolio

Amber Homeloans has bought a 900 strong sub prime mortgage portfolio from Preferred Mortgages. The portfolio has been valued at around £70 million. Amber and Preferred have been working with each other for two years. The move is part of Amber’s strategy to create and trade mortgage assets, and the Skipton Building Society subsidiary said […]

Premium bonds maximum investment increased to £30,000

From May 12 an individual investor will be able to invest £10,000 more in National Savings and Investments premium bonds. The maximum investment has been increased from £20,000 to £30,000.

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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