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.”
Ratings agency Moody’s has revised its outlook for HBOS and Bank of Scotland to negative.
Edeus today announced that it has stopped lending – resulting in the loss of some 50 jobs.
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 […]
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.
By Kunal Desai, Manager of Neptune India Fund Kunal Desai recently celebrated his third anniversary as manager of the Neptune India Fund. Kunal has built a strong track record of outperformance since he assumed responsibility for the Fund, delivering a return of 30.3 per cent ompared to the MSCI India Index gain of just 14.0 […]
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