Pension changes April 2015: Huge demand sees pension groups Aviva, Prudential and Pension Wise open for bank holiday business April 7, 2015 Pension firms have put extra measures in place to deal with the impact of the new pension rules, which came into play yesterday. The reforms mean savers aged 55 and over will no longer be forced to buy an annuity with their pension pot, and instead will be allowed to cash in as much of [...]
Webuyanycar.com owner British Car Auctions sold for £1.2bn March 26, 2015 The company formerly known as British Car Auctions (now known as BCA), the parent behind those ubiquitous, irritating webuyanycar.com ads, has been sold for £1.2bn, it was confirmed today. BCA was sold to listed investment fund Haversham, which is backed by City fund houses including Aviva, Schroders, Inveso and Artemis. It had been thought to [...]
West End landlord Shaftesbury goes shopping for £130m loan March 18, 2015 WEST END property developer Shaftesbury yesterday secured a £130m loan with Aviva, wiping out a £100m debt that was due to expire next September. The company, which owns huge swathes of London’s busiest shopping districts, including Carnaby Street and Covent Garden, said the new 15-year loan has a fixed rate of 3.2 per cent and [...]
Budget 2015: Personal finance groups including Hargreaves Lansdown, St James’ Place and Rathbone’s share price boosted by “saving revolution” Budget March 18, 2015 Personal finance groups were treated to a share price boost this afternoon, after George Osborne unveiled “a saving revolution”. Bristol-based IFA Hargreaves Lansdown led the pack, up 4.8 per cent at pixel time. St James' Place also jumped on the announcements, up 3.5 per cent. Rathbone Brothers's share price was up two per cent, while [...]
Shaftesbury secures £130m loan March 18, 2015 Shaftesbury, the property company that owns parts of London's key districts such as Carnaby and Covent Garden, has secured a £130m loan with Aviva, wiping out a £100m debt that was due to expire next September. The new 15-year loan has a fixed interest rate of 3.2 per cent and will be repayable in March [...]
City fund Haversham has shares suspended on takeover talks March 16, 2015 Shares in Haversham Holdings were temporarily suspended this morning after the fund confirmed it was in "advanced" takeover talks without naming its potential target. Aim-listed investment fund Haversham, which is backed by City fund houses such as Aviva, Schroders, Invesco and Artemis, said it was in "very advanced discussions which might lead to a transaction". This [...]
City funds near £1bn deal for British Car Auctions March 16, 2015 A City-backed investment vehicle is on the verge of driving away with Europe’s biggest second-hand car dealership BCA Marketplace in a £1bn takeover deal. Listed investment fund Haversham, which is backed by City fund houses like Aviva, Schroders, Invesco and Artemis, is in advanced talks with the private equity owners of BCA to take a [...]
World class Johnny Sexton should maintain Ireland’s impressive record in Cardiff March 12, 2015 HARRY MADLEY PREVIEWS WALES V IRELAND AND BEN CLEMINSON LOOKS AT MANCHESTER UTD V TOTTENHAM HOTSPUR WHEN Craig Joubert blew the final whistle at the Aviva Stadium 12 days ago Ireland had beaten England for the first time since 2011. It also signalled that they were only two games away from winning the Grand Slam [...]
Prudential boss Tidjane Thiam jumps into Credit Suisse role March 9, 2015 Prudential boss Tidjane Thiam is set to leave the FTSE 100 giant later this year to head Swiss banking titan Credit Suisse, it emerged last night. The surprise exit, which would bring the curtain down on a six-year tenure at the helm of the Pru, is expected to be announced as soon as this morning, [...]
Aviva rebounds from restructure and regulations March 5, 2015 AVIVA has turned a corner but still has a long way to go said chief executive Mark Wilson as the company reported a rise in profits yesterday. The insurance giant boosted its dividend by 30 per cent and its strong figures for 2014 pushed shares up 7.05 per cent at the close. The company has [...]