View more on these topics

Caption Competition

xit2’s Mark Blackwell, caught here competing in the 2006 New York Marathon, is training for his second London Marathon

Can you put the boot into your nearest and dearest to win this digital photo frame? Submit a witty caption for the photo above and you will be automatically entered into our competition. Remember, the funnier it is, the more likely you are to win. What are you waiting for? Email printable captions only to mortgage.strategy@centaur.co.uk

Recommended

1

The privatisation of social housing

Privatisation is back in vogue and is seen as the panacea to all problems from policing to roads and housing is getting in on the act too.

Week in numbers

40p – The minimum price per unit of alcohol being proposed by the government in a bid to stamp out binge drinking. 58 – The length of chancellor George Osborne’s Budget speech in minutes. 14.6% – The proportion of shops in Britain lying empty in February – a new high, according to figures from the […]

Another interest-only blow for the market

Nationwide’s decision to slash its interest-only LTV from 75% to 50% has been branded a blow for the mortgage market. The mutual made the change across its residential mortgage range last week in response to changes by other lenders. James Lindon-Travers, mortgage practice principal at Lindon-Travers Associates, says: “This is another nail in the coffin […]

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.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.