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Persimmon halts new building

Persimmon Homes has blamed market turmoil for its decision to halt future building developments. The house builder says sales have plummeted and that it will resume building when the mortgage market returns to normal. Stuart Law, chief executive of Assetz Finance, says: “With the number of new-build properties set to decrease, we are moving away rather than towards the government’s housing targets.”

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FSA report highlights lax data controls

Poor data control is a serious and widespread problem in the financial services industry.This is the conclusion of a report by the Financial Services Authority, Data security in financial services, which advises all firms to appoint senior data security managers and to test staff’s understanding of procedures.Philip Robinson, director of the FSA’s financial crime and […]

In the Hot Seat

This month, Rachel Bancroft, managing director at KGB Packaging takes her place in Mortgagedistributor.co.uk’s hot seat and discusses why the packager sector is one the most resilient and entrepreneurial in the market.

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