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MN calls on brokers to back FSA campaign

Mortgage Next is encouraging brokers to back the Financial Services Authority’s campaign to increase consumer awareness about the range of financial options available to them.

The network says that with the FSA finding that one in five borrowers are concerned about meeting there mortgage payments, now was the time for brokers to do their bit.

Gemma Harle, managing director at Mortgage Next, says: “2008 is going to be a turbulent year for borrowers, with 1.4 million short-term fixed rate deals coming to an end and borrowers clearly feeling unsure about how they are going to meet higher mortgage payments.

“Brokers should therefore consider how they can best keep their clients informed about the range of options available to them, which should not only include mortgage products but also additional services such as debt management support.”

Mortgage Next has recently enhanced its range of alternative debt solutions designed for borrowers who may have overstretched themselves financially and are not able to remortgage in the normal way.

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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.

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