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Zurich profits up for H1

Zurich Financial Services Group showed an increase in profit in the first half of 1999 mostly due to a strong performance in non-life business. The group is planning to build an e-business hub for its 30m customers in conjunction with IBM and ChannelPoint. Gross premiums written, including life insurance deposits, increased by 3.7 per cent to $24bn from $23.1bn in the first half of 1999.

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Jupiter to launch dividend and growth trust

Jupiter is to launch a dividend and growth split capital investment trust, sponsored by HSBC.The launch period is expected to be 7 October to 18 November 1999. The trust has a planned life of 6 years.The trust will be managed by Anthony Nutt who manages the Jupiter Extra Income Trust and the Jupiter High Income […]

InterAlliance opens Edinburgh office

IFA InterAlliance has opened an office in Edinburgh targeting high net worth clients in the east of Scotland as part of its expansion strategy. Four months ago the IFA announced it was issuing two million shares in a bid to raise £8m. It has 38 practices and 415 registered individuals.

NAPF calls on Government to increase venture capital opportunities

The National Association of Pension Funds is calling on the Government to encourage more venture capital projects.In a submission to the Treasury, the NAPF says it is not pension funds&#39 reluctance to invest but the lack of investment opportunity that is preventing more investment.The NAPF was responding to a call from Tony Blair for pension […]

B&B&#39s long-serving finance director to retire

Bradford & Bingley is searching for a new finance director following the surprise announcement that current incumbent John Smith is retiring. Smith, 53, has rocked the society, which is in the middle of a conversion attempt, with his decision to take early retirement. He has been finance director for 10 years and has agreed to […]

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