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The Ascent

While the rest of the market is facing an uphill struggle to beat the credit crunch, Mortgage Brain chief executive officer Mark Lofthouse is climbing an altogether different mountain – Mount Kilimanjaro.

On October 10 Lofthouse and seven others will begin a six-day trek to the top of the 19,340ft mountain.

“We’ve been training since last November and our main obstacle will be altitude sickness,” a nervous-looking Lofthouse told Mole.

“This is the main reason for not reaching the top and there’s little that can be done about it.”

The team is paying its own way and will raise money for homeless charity St Paul, which is based in Worcester.

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Meet Labour’s new economic guru

This week I can exclusively reveal that Prime Minister Gordon Brown’s office will soon announce the appointment of David Beckham as the government’s new economic guru. LA Galaxy is thought to have been paid £50m to release him from his contract, ensuring that he is free to sign for Labour. A job title has yet to be decided.

Lehmans plans to dump UK mortgage assets

Lehman Brothers is finalising a deal with BlackRock Financial to sell off the bulk of its UK residential mortgage assets, worth $4bn.

Firms told to prioritise technology

A case management firm is encouraging brokers, packagers and lenders to put technology at the heart of their businesses.

What A Card

While Mole is all for making the best out of a bad situation, it couldn’t help but think greetings card firm has missed the point.


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