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Retail savings market sees growth

The European retail savings and investments market has grown 8.1% over the period 1997-2001, a report from Datamonitor reveals. The UK accounts for the largest market share, followed by Germany.

Retail deposits is the largest sector, driven by households increasing savings due to the slowdown of the global economy. The UK holds the largest retail savings and investments market in Europe, with a share of 23.1% in 2001. However, the UK share has been declining in 2001. Ireland and Spain are the fastest growing countries within the European retail savings and investments market.

Sebastian Mrotzek, a financial services analyst at Datamonitor, says: “The slowdown of the global economy and falling stock markets in most countries did not help the confidence of retail investors in European countries where equity cultures are relatively young. Falling share prices led to a decline in direct equity and mutual fund assets in most European countries.

“However, as interest rates across Europe are low, it is expected that retail investors will return to the markets in the future in search for higher returns. But where they invested before directly into equities, they will now choose to invest indirectly into equities via mutual funds.”


Staffordshire appoints key account development manager

Staffordshire Building Society has appointed Paula Mackelworth to the new role of key account development manager. Mackelworth has been with the Staffordshire for four years, running the Staffordshire Direct lending operation in Wolverhampton. Before the Staffordshire, she worked for BM Solutions and Lloyds TSB. The Staffordshire has created this role as part of its strategy […]

Trigold to power Inter-Alliance mortgage club

Inter-Alliance has chosen Trigold to power its new mortgage club. Inter-Alliance will provide over 400 mortgage members with Trigold&#39s market leading mortgage trading software free of charge. The solution provides entire mortgage product sourcing, integrated electronic applications, real-time acceptance in principle, conveyancing and a comprehensive range of competitive cross-sale products. Bill Safran, joint managing director […]

House prices rise just 0.1% in January

The housing market slowdown is continuing with no evidence of a new year revival, the latest hometrack survey reveals. House prices rose only 0.1% in January, the same as the previous month. This follows an eight-month steady decline in house price inflation since May&#39s peak of 2%. The slowdown has been mostly due to prices […]

NatWest launches new range of fixed rates

NatWest has launched a new range of fixed rate mortgages, including a two-year rate at 4.59%, and a five-year rate of 5.05%. There are no tie-ins beyond the fixed rate period, and neither of the deals carry legal or valuation fees. A new range of first-time buyer fixed rate mortgages has also been launched starting […]

Can UK companies satisfy global appetites?

By Mark Martin, Manager of Neptune UK Mid Cap Fund

Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.


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