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Mortgage brokers cash in as more home buyers seek advice – but how can you avoid paying more than you need to? JEFF PRESTRIDGE: Is this new way of pricing insurance a force for good or a sinister ploy? A rift between fund manager Neil Woodford and his long-time supporter Jupiter Asset Management has gripped the markets. 300million out of Woodford’s flagship income fund after a 20-year partnership between them. John Chatfeild-Roberts, who runs Jupiter’s Merlin funds, was one of his first backers when he set up his own business in 2013. Chatfeild-Roberts’ decision to withdraw the majority of that investment is likely to be seen as a major embarrassment for Woodford.
Neither side would comment on the move. IT upgrade which saw debt collectors being sent to the wrong houses at the wrong time. 75,000 fine for spamming would-be borrowers. Its credit card division Vanquis Bank bombarded consumers with more than 870,000 texts and 60,000 emails to promote its services, according to regulators at the Information Commissioner’s Office. The company’s irate victims had never signed up for this service and the Provvy has apologised for any ‘irritation caused’. 5p yesterday as traders vented their displeasure.
The Provvy is due to issue a trading update on Friday, and markets will be likely to punish the firm further unless some steps have been made towards a turnaround. Rising Chinese demand for zinc has boosted production at Vedanta Resources. 42 per cent in a year. Meanwhile, refined zinc production rose 53 per cent and output of refined lead climbed 32 per cent. Production of silver was up 30 per cent at 8. Despite demand for Vedanta’s metals, the firm’s shares were dragged down by weakness in the wider sector, falling 3.