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Cash boost allows Personal Touch to step out on the acquisition trail

Personal Touch Financial Services is on the acquisition trail following a cash injection from Lloyds Development Capital, part of the Lloyds TSB group.

Dev Malle, director of mortgage distribution at PTFS, says the money the network made when Lloyds bought a 22% share in it earlier this year will enable growth through acquisition.

Malle says: “The Lloyds deal will allow PTFS to build the corporate structure that is important when a firm is seeing substantial growth as we are.

“The new capital means we will be able to grow through acquisition. We are looking at companies we can buy, from independent financial advisers to mortgage networks.”

But it’s unlikely any acquisitions will be made soon as Malle says the process is long and complicated.

He says: “These things go through a long and arduous process so at this stage we’re comfortable to just talk to people. We think that’s as far as we should take it right now.

“It’s no secret we’ve got ambitious growth plans but know it is important that we remain steady and grow in a controlled way. We’re not going to go and acquire any organisations if we are not comfortable with the liabilities involved.”


Straw slams Farepak for blaming HBOS

Commons leader Jack Straw has slammed shamed Farepak owner Sir Clive Thompson after he blamed the fall of the Christmas hamper firm on HBOS.Sir Clive was quoted to have said that HBOS were hanging the firm out to dry. Straw deemed this comment shameless as Farepak were well aware of their financial difficulties even though […]

House prices are higher in spa towns

Halifax has revealed that home-buyers are prepared to pay a premium to live in a spa town.All 18 spa towns have higher average house prices than their region, while 16 out of 18 spa towns have higher average house prices than the neighbouring towns in their county.Spa towns tend to rank highly for quality of […]

MDA and NHBC team up on HIPs

Home Information Pack provider MDA Advantage and the National House Building Council are to work together to develop the packs.

Almost half of advisers to incorporate REITs into portfolios

44% of financial advisers plan to incorporate UK REITs into their investment clients portfolios when they launch in January 2007. This is an increase of 10% in the past six months, reflecting a growing understanding and appetite for REITs.The results are part of a larger independent research project commissioned by and carried out by […]

Mental health in the mainstream

By Amanda Docherty, senior marketing consultant Apart from career success, millions in the bank and, on appearance, coveted lifestyles, what else do Rio Ferdinand, Lady Gaga and Ellie Goulding all have in common? They’ve all demonstrated that the power of celebrity can sometimes have a more altruistic purpose than idle gossip. Recently we’ve seen respected […]


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