THE DECLINE OF ING May 13, 2009 08 October 08ING Direct, the online banking arm of ING Group, said it was to acquire more than €3bn (£2.7bn) of British deposits from Icelandic online savings providers Icesave and Kaupthing Edge. 19 October 08The Dutch government announces it is preparing to inject €10bn into the group. 20 October 08The group says it will sell [...]
THE DECLINE OF ING May 13, 2009 08 October 08ING Direct, the online banking arm of ING Group, said it was to acquire more than €3bn (£2.7bn) of British deposits from Icelandic online savings providers Icesave and Kaupthing Edge. 19 October 08The Dutch government announces it is preparing to inject €10bn into the group. 20 October 08The group says it will sell [...]
How Mr Wigan has put JJB and the City behind him to live the dream August 16, 2009 EVAN at 72 Wigan serial entrepreneur Dave Whelan still gives an impression of a man in a hurry. Whelan moves at a sprightly pace between tables in the director’s box at Wigan Athletic, the Premier League football club he owns, and his trim figure still hints at a man who played professional football for Blackburn, [...]
Woolworth still cool on Walker plan August 26, 2008 Troubled retailer Woolworths yesterday played down reports that its chief executive Robert North was due to meet with Iceland entrepreneur Malcolm Walker. Reports had suggested the two sides were certain to get together for crucial takeover talks later this week. It emerged last week that Woolworths had rejected a £50m takeover approach from a consortium, [...]
Collins Stewart profits slump as bidders circle August 11, 2008 Profits at Collins Stewart, the broker, are expected to have more than halved, according to analysts awaiting the group’s interim results tomorrow. Collins Stewart, which is in takeover discussions, could report profits as low as £25m, from £52m in the first half of 2007. The credit crunch has hit small cap brokers hard, with many [...]
Woolies’ investor backs management September 1, 2008 Ardeshir Naghshineth, the largest shareholder in Woolworths, has backed the struggling retailer’s management team in rejecting a £50m takeover bid from Iceland founder Malcolm Walker. Iranian property investor Naghshineth, said to be worth an estimated £500m, has a 10.2 per cent stake in the firm and was yesterday reported to consider Walker’s bid as being [...]
Barry exit scuppered as Villa win Euro match August 15, 2008 Aston Villa’s Gareth Barry all but resigned himself to another season at the club after setting them on their way to a European victory last night. The Liverpool target drastically reduced his chances of a dream move to Anfield by figuring against FH Hafnarfjordur, but put thoughts of a move to one side as he [...]
Violet Hue October 18, 2005 Tchenguiz is the last man standing in the race for Somerfield. Another one bites the dust. Amid talk of a high-street bloodbath in the run-up to Christmas, Somerfield has joined the lengthening list of retailers opting to leave the glare of the stock market. Of course, the announcement surprised no one. Somerfield has been on [...]