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Cattles suspends shares

Cattles, the parent of Welcome Finance has requested trading in it shares be suspended pending the publication of its audited report and accounts for the year ended 31 December 2008.

The lender says it is unable to publish its accounts for 2008 until the “complex negotiations” around debt financing are completed.

A statement from the company says: “The company is making every effort to conclude a satisfactory agreement with all the parties involved to secure the refinancing it requires as soon as possible.

“However, these are complex negotiations which are likely to continue for some time and the company’s external auditors are not expected to be able to complete their audit of the 2008 financial statements until those negotiations have been concluded.”


FSA fines and bans south London broker

The Financial Services Authority Last week banned a south London broker and fined him 100,000 for his involvement in the submission of false mortgage applications.

A more accessible route to debt relief

April 6 saw Debt Relief Orders go live. In brief, DROs are available to non-home owners with no other assets, debts of less than £15,000 and disposable income of less than £50 per month.

Worst of recession over, says CBI

The UK recession was more extreme than expected in the first three months of 2009, but the Confederation of British Industry says the worst is behind us.

Tricky business of comparing eggs with eggs

How the other half lives. Last week I read about the UK’s most expensive house – 10 Belgrave Square, London SW1. A snip to you sir at just £100m, carpets and curtains not included.


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


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