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RBS and NatWest cut mortgage rates

Royal Bank of Scotland and NatWest are cutting directly marketed mortgage rates by up to 0.35%.

The lenders say that this will bring the majority of new fixed and tracker mortgages down by at least 0.10%.

The deals are available through RBS and NatWest branches and via RBS and NatWest Mortgages Direct.

Andy Fell, director of branch mortgages at RBS, says: “We cut our fixed and tracker rate mortgages at the beginning of August and this second rate cut shows our continued commitment to helping borrowers in these uncertain times, be they first time buyers or existing customers.

“Also, from September 6, we’re doubling the number of our branches open for business on Saturdays, making it more convenient for customers to come and discuss their mortgage needs with us.”

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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.

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