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Network Data says MBSL continues to trade

Network Data Holdings has this morning told the London Stock Exchange that its subsidiary network MBSL continues to trade.

Mortgage Strategy was the first to reveal yesterday that the Financial Services Authority had placed a note on Network Data’s FSA register listing which announced that the regulator had removed Network Data’s permissions.

Richard Griffiths, chief executive of Network Data, refused to comment.

But this morning, in a short note outlining the FSA’s actions on the LSE, Network Data Holdings also revealed that MBSL, the network that Network Data Holdings acquired from mutual the Manchester in October 2008, continues to trade.

The official announcement of the news this morning has caused Network Data Holding’s share price to plunge 25% in early morning trading, from 3p per share to 2.25p per share.


Land Registry justifies fee increase

The Land Registry has defended its decision to hike its fees by 30% and says it is already digging into its reserve funds after seeing a significant fall in property transactions.

Cheap thrills

Stuck for something to do in the credit crunch when restaurants are pricey, cinema tickets extortionate and retail therapy a no-no?

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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