Do the banks have a Plan B? October 28, 2005 Now that consumer spending is slowing down, the banking sector needs to look for new sources of growth. British banks have investors worried. Not because of their current profitability, which is healthy, but because a slowdown in the economy may hit this industry harder than most. The banking sector still continues to make profits. In [...]
Interregnum on up October 28, 2005 AIM-quoted technology merchant bank Interregnum said that its group turnover soared 112 per cent on last year’s results to £7.98m. The company also said that pre-tax losses were down 34 per cent to £430,000 compared to £650,000 in its 2004 financial year. Interregnum is based in Britain and America and specialises in investment advice in [...]
Abbey makes moves on mortgages October 26, 2005 Abbey is to mount an assault on the British mortgage market by plugging into new business areas. The bank, which was taken over by Spanish group Santander for £8bn last year, wants to make up ground lost to its rivals in the areas of lending to buy-to-let investors, people wanting loans for new-build properties, and [...]
St James’s A-Day profits October 20, 2005 Looming changes to pension legislation have helped wealth management company St James’s Place Capital increase its pension business by 22 per cent. New laws, due to come in on April 6 on what has become known as A-Day, have prompted more people to seek advice on their best personal pension plan including the chance to [...]