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Amicus appoints Nationwide and BOI alumni as underwriters

Amicus Property Finance has appointed three senior underwriters to its Manchester team, with two joining from Nationwide Building Society and the third from Bank of Ireland.

Alan Dorrington, Mark Heckels and Derek Wells have joined the specialist lender following the appointment of Matthew Anderson as head of servicing and portfolio management in June.

Dorrington joins Amicus from Nationwide Building Society where he was senior lending manager in the commercial property finance team.

Heckels also joins from Nationwide, where he was lending manager in the business development team with an individual mandate of £5m.

Wells spent 11 years with Bank of Ireland’s business banking team, focusing on real estate finance and managing high risk / non-performing connections relating to property funding.

Amicus Property Finance divisional director Yasin Patel, said: “We have seen fantastic growth over recent periods, not least in the first six months of this year. This comes from investing in a highly-experienced team with knowledge of the local business community, and the right expertise to successfully partner with and deliver on our clients’ needs.”



Masthaven appoints national account manager and BDMs

Masthaven bank has made three new appointments following its launch into the residential lending market. The bank has appointed John Smith as national account manager, first charge mortgages. Smith previously worked at Platform Home Loans and Aldermore and helped launch Bluestone into the specialist mortgage market. Wes Baker and David Owen have also joined the […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


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