Cash dispensers under attack
Operators of fee-charging ATM machines, of which there are a number on AIM, such as Cardpoint, Moneybox and Scott Tod, are under attack from a report published by Nationwide Building Society for their agendas to raise fees per transaction in order to increase profits.
Claiming more than one in three cash machines now charge, costing consumers more than £60 million a year, Nationwide is a proponent of keeping cash machines 'free of fee', whether it be located in a bank or 'remote' location such as a train station, shopping centre or pub.
The report claims that of the 5,635 cash machines installed in 2003, 64 per cent were fee-charging. The typical charge now is £1.50.
Nationwide is calling upon LINK members (LINK is the organisation that runs the cash machine network) to create a code of practice that includes a stipulation that machines that charge will have on-screen warnings and fees will be index-linked and capped at £1.50 per transaction.
Achieve impressive returns
Gain instant access to some of the best-performing and fastest growing companies in the small cap arenaClick here
Advertisement
Stocks & Shares ISA
Online tools to make investments easy and low admin fee from The Share Centre. Find out more.
Achieve impressive returns on the go
Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!
Institutional Investors in AIM 2011 - New Report
This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.
Coverage of AIM, techMARK and PLUS Markets
Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
If you're interested in business tax updates visit our specialist tax guide website.
Growth Company Features, Research and Analysis
In-depth coverage of selected AIM companies within the small-cap and fast growing company sector including AIM and PLUS Markets shares and listed stocks. Company research and analysis from GCI analysts updated daily.
Popular Features
Advertisement
Latest Features
Fund manager focus 21/05/2012
Paul Marriage, who has been investing in small-caps for over a decade, explains to Ellie Duncan how his unique stockpicking strategy has produced consistent returns
Directors’ Dealings 21/05/2012
With a flurry of buys and sells taking place across the junior market, it pays to think carefully about directors’ intentions, says Ben Jaglom
Pick of AIM 21/05/2012
The tricky IPO market over recent years has led to careful vetting by institutional investors. Miles Nolan investigates two impressive newcomers
