Exclusive: LV= CEO Mark Hartigan on the controversial £530m takeover by Bain Capital, ten days ahead of the vote of his life Exclusive Last week, Liverpool Victoria (LV=) , the 178-year old mutually owned life insurance and pensions provider, turned down an improved offer from its competitor Royal London, which had proposed dismantling the business. The development came amid increasing criticism over a £530m proposed takeover of LV= by Bain Capital, as non-profit members would receive just £100 [...]
Liontrust reveals roaring interim results as pre-tax profits jump 352 per cent Liontrust Asset manager Liontrust saw profits soar in the first half of the year with assets under management now totalling £36.5bn.
‘Cash machine at the till’ for withdrawals up to £50 coming to thousands of shops across the UK Money People can soon withdraw up to £50 in notes and coins in smaller shops without having to buy anything. A scheme enabling people to get cash from retailers’ tills without needing to make a purchase is to be rolled out to more than 2,000 shops before the end of the year. Cash machine network Link [...]
Crypto could give London a unique post-Brexit advantage says Hammond December 1, 2021 Ex-Chancellor Philip Hammond said the UK must move quickly on digital assets to secure its post-Brexit advantage in financial services.
Smart regulations the path to a prosperous post-Brexit future December 1, 2021 So, it’s eeyore no more. Philip Hammond – rarely confused for a ray of sunshine during his time as Chancellor – is now taking a rather brighter view of at least one of London’s post-Brexit opportunities: as the global home of digital assets. Good for him. For much of his spell at No.11 he saw [...]
Kin + Carta Chairman John Kerr CA on becoming the first London-listed B-Corporation December 1, 2021 This article first appeared in ICAS’ CA magazine. Kin + Carta helps clients undergo digital transformation. But, crucially, its strong ethical underpinning means it’s set to become the first London-listed B-Corp. Chairman John Kerr CA explains why it’s blazing the trail. Kin + Carta describes itself as a transformative business. At first glance, this refers to [...]
TSB becomes latest bank to announce closures as it shuts 70 branches November 30, 2021 TSB said it will close more branches as use by customers “declines further” and more people are choosing to bank digitally. It said 150 jobs will be affected by the move, but that all staff will be offered alternative roles at TSB. It stressed that it will continue to have the seventh largest branch network [...]
Covid latest: Number of Omicron coronavirus cases in UK jumps to 14, Boris Johnson to address nation today November 30, 2021 It appears this morning that three more cases of the Omicron variant of coronavirus have been identified in Scotland, bringing the total number of cases in the UK to 14. The news comes as Boris Johnson is expected to hold a Downing Street press conference this afternoon, where he is expected to set out more [...]
New ‘purpose-built’ $1bn UK clearing bank launches in London November 30, 2021 London gets its second new clearing bank in 250 years today, as The Bank of London launches in the city to approve and process cross-border payments. Founded by Anthony Watson, a former chief information officer at both Nike and Barclays, The Bank of London is taking on the four banking giants HSBC, Lloyds Banking Group, [...]
Griffon Hoverwork wins major hovercraft export contract in Japan November 30, 2021 UK-based hovercraft giant Griffon Hoverwork confirmed it has won a major new contract in Japan, supplying three new 12000TD craft to the country. Work on the first hovercraft is set to start at the end of January next year, with the last craft to be delivered to the the Oita Prefecture government in Japan in [...]