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Choose booze

Mole’s never been one for maths but you can buy him a beer on these sums any day. If you had purchased 1,000 worth of Northern Rock shares a year ago they would be worth 4.95 today. With HBOS, the same amount invested earlier this month would now be worth 16.50.

But if you had bought 1,000 worth of Tennents Super a year ago, drunk it all and taken the empty cans to a recycling plant you’d have received 214. It’s with a heavy heart that Mole concludes that the best investment advice today is to drink heavily and recycle.


HBOS and Lloyds shares on the rise

Shares in HBOS and Lloyds TSB are bouncing back from yesterday’s lows in response to rumours that the takeover has the backing of a major investor.

Marketwatch 29/09/2008

Swaps shot up after the turmoil of the past few weeks. These are some of the biggest week-on-week increases the mortgage industry has ever seen.1-year money is up 0.45% at 5.79%2-year money is up 0.38% at 5.54%3-year money is up 0.33% at 5.48%5-year money is up 0.25% at 5.37%

Cash for axed bosses

Directors of the Derbyshire will receive hundreds of thousands of pounds in redundancy pay following its merger with Nationwide.


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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