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....Soon we will discover if Apple really is engaged in a cunning plan to undermine the stock market value of Imagination Technologies and then buy the UK designer of graphics processors on the cheap. Imagination has put itself up for sale, a decision that has looked inevitable for weeks. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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.... Personal details like your name, address and bank account details are not stored on or transmitted by the meter. Your supplier can’t use any data from your smart meter for sales and marketing purposes unless you give them permission to do so. ... [Read full article on Guardian ]
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. Shares in British chip designer Imagination Technologies rallied 20% after the company, which is in dispute with Apple, put itself up for sale. ... [Read full article on Guardian ]
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....The Co-operative Bank has abandoned talks over a sale after edging closer to clinching a deal with hedge funds to stump up millions of pounds to bolster its financial position. The extra financing from hedge funds comes four months after the bank had put itself up for sale, weakened by low interest ratesand its costly turnaround programme. ... [Read full article on Guardian ]
Monday 26th of June 2017 05:25:23 PM
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Latest Finance News related to For Sale

Co-op Bank abandons sale talks as it edges towards rescue deal image
Source : Guardian [Read Article] Monday 26th of June 2017 05:25:23 PM
....The Co-operative Bank has abandoned talks over a sale after edging closer to clinching a deal with hedge funds to stump up millions of pounds to bolster its financial position. The extra financing from hedge funds comes four months after the bank had put itself up for sale, weakened by low interest ratesand its costly turnaround programme. ...
Is your smart meter spying on you? image
Source : Guardian [Read Article] Saturday 24th of June 2017 06:00:00 AM
.... Personal details like your name, address and bank account details are not stored on or transmitted by the meter. Your supplier can’t use any data from your smart meter for sales and marketing purposes unless you give them permission to do so. ...
Hinkley Point C: watchdog confirms fears of political vanity project | Nils Pratley image
....Soon we will discover if Apple really is engaged in a cunning plan to undermine the stock market value of Imagination Technologies and then buy the UK designer of graphics processors on the cheap. Imagination has put itself up for sale, a decision that has looked inevitable for weeks. ...
Imagination puts itself up for sale amid Apple dispute image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:03:55 AM
. Shares in British chip designer Imagination Technologies rallied 20% after the company, which is in dispute with Apple, put itself up for sale. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
....The Co-operative Group’s stake in the Co-op Bank could fall dramatically under a rescue plan being drawn up by hedge funds. The UK’s largest mutual, which owns supermarkets and funeral homes, has a 20% stake in the bank, which put itself up for sale in February in a search for £750m of extra funding. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
....But while a sharp fall from that peak may have been expected, transactions in the capital were down markedly when compared with 2015’s figures, Your Move said, showing a drop of 19%. The Your Move index, which is put together by property consultancy Acadata and based on data from the Land Registry and other indices, showed a sharp slowdown for sales in London, the south-east and east of England, but increases in other, less expensive areas when compared with 2015. ...
Mars recalls chocolates over salmonella fear image
Source : BBC [Read Article] Friday 9th of June 2017 02:31:32 PM
....Chocolate maker Mars is recalling some bars of Galaxy, Maltesers Teasers and bags of Minstrels due to the "potential presence of salmonella". Mars said the products, for sale in the UK and Ireland, should not be eaten. ...
L’Oréal to sell Body Shop to Brazil's Natura in €1bn deal image
Source : Guardian [Read Article] Friday 9th of June 2017 10:45:16 AM
....L’Oréal, the owner of the British ethical retailer, is in exclusive talks with Natura and expected to finalise a deal this year. L’Oréal put Body Shop up for sale in February. ...
Alphabet sells off 'BigDog' robot maker Boston Dynamics to Softbank image
. Google’s parent company Alphabet has sold robotics firm Boston Dynamics to Japan’s Softbank for an undisclosed sum, over a year after putting it up for sale. ...
Softbank buys robot-maker Boston Dynamics from Alphabet image
Source : BBC [Read Article] Friday 9th of June 2017 04:08:23 AM
....Shares of Japan's Softbank have surged to their highest in nearly two decades after the firm bought robot-maker Boston Dynamics from Google's Alphabet. Boston Dynamics, known for its robots such as Atlas and BigDog, has struggled to commercialise its inventions and was put up for sale more than a year ago. ...
Co-op Bank draws interest from Qatar conglomerate image
Source : Guardian [Read Article] Thursday 8th of June 2017 03:30:28 PM
....Al Faisal Holding, a Qatari conglomerate with interests ranging from hotels to transport, was cited as a bidder for the hedge fund-owned bank in a deal being co-ordinated by Interritus. The Co-op Bank put itself up for sale in February, hoping to attract interest in a business that has 4m customers and an avowedly ethical stance. ...
Election exacerbating UK property slowdown, say surveyors image
Source : BBC [Read Article] Wednesday 7th of June 2017 11:19:01 PM
...."The latest survey suggests that uncertainty related to the general election may have contributed to what appears to have been a disappointing level of transactions in the housing market over the spring," said Simon Rubinsohn, Rics chief economist. He said he was particularly worried about the pipeline of new properties being put up for sale. ...
UK house prices rise for first time in five months image
Source : Guardian [Read Article] Wednesday 7th of June 2017 08:54:02 AM
....Martin Ellis, a housing economist at Halifax, said Britain’s property shortage would continue to support house price growth. “The fact that the supply of new homes and existing properties available for sale remains low, combined with historically low mortgage rates and a high employment rate, is likely to support house price levels over the coming months,” he said. ...
House price growth cools further in May, says Halifax image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:52 AM
....Martin Ellis, Halifax housing economist, said the shortage of property on the market was likely to keep prices buoyant over the rest of the summer. "The fact that the supply of new homes and existing properties available for sale remains low, combined with historically low mortgage rates and a high employment rate, is likely to support house price levels over the coming months. ...
Average UK rents fall for first time in more than seven years image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
....In April, the lettings agency Your Move said London had seen a sharp fall in rents over the previous 12 months, reflecting the fact that many people looking for rental properties had switched their focus away from the capital. Some commentators have suggested that tenant demand has been falling, particularly in London, possibly as a result of Brexit, while others have said a weaker sales market had prompted some homeowners to let out their homes rather than putting them up for sale. ...
It’s part-eBay, part-Instagram, but is Depop safe for your teenagers? image
.... Teenagers particularly like it because it’s quick and easy to use. Users invite bids for items they have put up for sale, which they can accept at any time. ...
UK house prices fall for third month in a row for first time since financial crisis image
....“If there is one universal it is the chronic shortage of supply. Where there are more buyers than homes for sale, prices will inevitably edge upwards. ...
Is Sri Lanka 'up for sale'? image
Source : BBC [Read Article] Sunday 28th of May 2017 11:13:01 PM
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Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....In a statement issued on Sunday, Edinburgh Woollen Millen confirmed the collapsed Jaeger brand was now part of the group, the sale of which has proved controversial. Private equity firm Better Capital put the business up for sale after struggling for several years to revive Jaeger. ...
Serious Fraud Office warns of £120m pension scam image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
.... This was after an official investigation found that they were involved in a venture where people were cold called and persuaded to transfer their pensions “on the basis of misrepresentations made” concerning returns. The investigation found that the only investments offered to the public were storage pods marketed for sale by Store First, which paid commissions of up to 46% to another company which was part of the overall scheme. ...
Mortgage loan: Lending to wannabe buyers falls as number of homes for sale dips image
...."Home movers are having less luck. Their activity has been subdued for some time now and the low number of movers means fewer properties for sale. ...
Housing market moving sideways, lenders say image
Source : BBC [Read Article] Thursday 25th of May 2017 10:28:25 AM
...."Home movers are having less luck. Their activity has been subdued for some time now and the low number of movers means fewer properties for sale. ...
Nationwide profits drop 18% as it shields savers from interest rate cuts image
.... Garner said the Nationwide did not have an interest in acquiring Co-op Bank in its entirety. The Co-op Bank has put itself up for sale and the City is awaiting an update on whether its bondholders and shareholders will put in more cash to help bolster its financial position. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
.... In its heyday, Jaeger dressed Audrey Hepburn and Marilyn Monroe but more recently it had struggled to turn a profit on a competitive high street. After spending several years trying to revive the retailer’s fortunes, Better Capital hoisted a for sale sign at the start of this year. ...
Arsenal: Stan Kroenke says Gunners shares 'are not, and have never been, for sale' image
. Arsenal majority shareholder Stan Kroenke says his shares "are not, and have never been, for sale". ...
Paul Polman: ‘I could boost Unilever shares. But cutting costs is not our way’ image
....There has been a whirr of activity as Unilever seeks to cement the loyalty of shareholders. It is reviewing its Anglo-Dutch corporate structure, and has put its margarines and spreads business up for sale, launched a €5bn share buyback and set a public target of achieving 20% profit margins by 2020. ...
What $110m for a Basquiat painting tells us about the art market image
Source : Guardian [Read Article] Friday 19th of May 2017 11:24:38 AM
....”. The high price also reflects the fact that 20th-century art increasingly dominates the list of the world’s most expensive paintings, partly because such works are more likely to be available for sale – with classics such as the Mona Lisa unlikely to come on to the market. ...
Marlboro maker accused of using branded tins to sidestep plain packaging rules image
....The tobacco industry has previously come under fire for allegedly deploying tactics designed to limit the effect of plain packaging legislation, such as using price stickers to differentiate themselves from other brands. Companies were accused of ramping up production of branded packaging in the days leading up to 20 May last year, in order to stockpile packets for sale during the 12-month grace period in which their sale was still permitted. ...
A Grand Designs eco home for sale – in pictures image
Source : Guardian [Read Article] Friday 12th of May 2017 06:00:10 AM
...
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Adidas finds buyer for its golf unit image
Source : BBC [Read Article] Thursday 11th of May 2017 07:22:31 AM
....The world's second largest sports apparel and equipment group has seen golf fall out of favour with the middle classes, who have, if anecdotal evidence is to be believed, turned to more fashionable pastimes such as cycling. Adidas put the golf brands, which have struggled as the sport has declined in popularity in its traditional markets in the US and Western Europe, up for sale last year. ...
Co-op Bank investors braced for losses as it tries to raise £750m image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:31:56 PM
....Co-op Bank, which refused to comment on Tuesday, insisted last month that it had “received a number of non-binding proposals from strategic and financial parties” and “selected several parties to enter a further phase” of talks. The bank put itself up for sale in February, four years after its near-collapse which sparked its rescue by hedge funds. ...
House price news: Values fall for first time since 2012 image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 03:30:00 PM
...."Signs of a decline in the pace of job creation, and the beginnings of a squeeze on households’ finances as a result of increasing inflation, may also be constraining the demand for homes. “A continued low mortgage rate environment, combined with an ongoing acute shortage of properties for sale, should nonetheless help continue to underpin house prices over the coming months. ...
Cloned cars sold in Greater Manchester eBay scam image
Source : BBC [Read Article] Monday 8th of May 2017 07:35:57 AM
.... . A car of the same make and model with the same registration plate was then discovered up for sale at a Vauxhall garage in Wales. ...
Tata deal with Liberty House saves 1,700 UK steel jobs image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:40:38 AM
....”. India’s Tata put the business up for sale last year after reviewing its struggling UK operations, which also include Britain’s largest steelworks in Port Talbot, south Wales. ...
Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... The Co-operative Bank might have something to say about that – it is the only high street bank with a customer-led ethical policy covering a range of issues from the environment to animal welfare. However, Co-op Bank put itself up for sale in February, four years after it nearly collapsed and had to be bailed out by hedge funds, and there has been speculation that it may have to be broken up. ...
MPs say 'dominance' of big home-building firms must end image
Source : BBC [Read Article] Saturday 29th of April 2017 01:27:41 AM
.... . "If we are to build the homes that the country so desperately needs, for sale and for rent, then this dominance must end. ...
As first-time buyers, can we take out a buy-to-let mortgage? image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:00:09 AM
.... Perhaps you should concentrate on finding somewhere affordable in Oxfordshire even if it means compromising on where you live. Having looked on Rightmove, it seems that even in the expensive city of Oxford, there are plenty of two-bedroom houses for sale for less than £280,000. ...
Twitter revenues decline for first time as advertising falls away image
Source : Guardian [Read Article] Wednesday 26th of April 2017 01:48:14 PM
.... But he said the issue for investors was: “When do things get less worse?”. Twitter, which was touted for sale last year but failed to find a buyer, has been pushed into the spotlight as President Trump has used the service to get his message across directly to the electorate bypassing what he regards as the “dishonest” media, both before and after the presidential election. ...
Boohoo online fashion retailer sees its profits double image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:17:43 AM
....It is an online marketing strategy that High Street chains are now scrambling to emulate. The key to its success is that Boohoo is able to batch-produce items "in the low hundreds" to trial for sale on its website; something that is not a viable option for fashion chains with bricks-and-mortar stores. ...
How the MoD’s plan to privatise military housing ended in disaster image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:30:38 AM
.... Instead, Annington took its cut before selling many of the houses on to buy-to-let investors, who also take their slice. (A spokesman for Annington said the company took “a commercial decision to fully refurbish the properties, in the process creating a good supply of affordably priced housing for sale in the local community” and that the houses were often sold to first-time buyers. ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
. The luxury shoe and bag retailer Jimmy Choo has put itself up for sale in a move that took the market by surprise. ...
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
....Luxury shoe maker Jimmy Choo is the go-to for celebrities looking to wear a pair of killer heels on the red carpet. Now the British firm is going on a strut of its own, as its board puts the business up for sale. ...
Debenhams unveils turnaround strategy image
Source : BBC [Read Article] Thursday 20th of April 2017 07:21:02 AM
....Debenhams said the rest would be "refreshed" and "remerchandised" to raise their profitability. In January, it began "decluttering" its stores by reducing the number of lines for sale. ...
Next boss misses out on annual bonus for first time in 18 years image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:15:22 PM
.... He said the group’s Chinese owner Sanpower, which bought a controlling stake in 2014, was committed to opening stores in its homeland despite rumours that it might have lost interest. “House of Fraser is not up for sale,” Slevin said. ...
Weetabix to be sold to US company Post Holdings image
Source : BBC [Read Article] Monday 17th of April 2017 11:07:28 PM
....4bn), its owner has confirmed. Weetabix - made in the UK since 1932 - was put up for sale in January by China's Bright Food, which bought a 60% stake in 2012. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
.... The focus will be on the constituent parts that make up the giant group – the owner of brands ranging from I Can’t Believe It’s Not Butter and Flora to Persil and Surf washing powders. At the firm’s margarine and spreads business, however, performance has been poor (they can’t believe it’s not better), prompting chief executive Paul Polman to put the division up for sale as part of a wider shakeup after he fought off a £115bn hostile takeover bid from US rival Kraft Heinz. ...
Surveyors get gloomy as property market stagnates image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:19:32 PM
....Most surveyors across the country still expect prices to rise over the next 12 months, but by a smaller majority than in February. But on average, each estate agent has just 43 properties for sale on its books, the lowest number recorded since the methodology began in 1994. ...
Estate agents struggling to find homes to sell, says report image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:01:10 PM
. The average number of homes for sale by each estate agent has fallen to a record low, with agents in parts of the country gloomier than at any time since the financial crash, according to a report by the surveyors’ professional body. ...
Students face sharp rise in interest on tuition loans image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:02:18 AM
....The government is also in the process of trying to sell off the student loan book to the financial markets. In February it announced that loans to students in England between 2002 and 2006 will be put up for sale, to be followed by other pre-2012 loans, with the aim of raising £12bn. ...
Jaeger clothing chain collapses into administration image
Source : BBC [Read Article] Monday 10th of April 2017 04:13:10 PM
.... . It was acquired by private equity firm Better Capital in 2012, but was put up for sale for about £30m after struggling to boost sales. ...
Wells Fargo takes back $75m from ex-executives after fake accounts scandal image
.... But when that figure was announced, it was the first time that the board of directors had heard the sales practices problems were of such a large size and scope. According to the report, as recently as May 2015, senior management told the board that only 230 employees had been fired for sales practices violations. ...
Toshiba may sell chip business to Foxconn for $27bn image
Source : BBC [Read Article] Monday 10th of April 2017 03:59:36 PM
....7bn) bid for Toshiba's chip business, according to reports. Toshiba has put part or all of its valuable memory chip unit up for sale to plug a gaping hole in its finances. ...
House price growth hits lowest level since 2013 – but here’s why crash looks unlikely image
.... Martin Ellis, Halifax housing economist, said: “A lengthy period of rapid house price growth has made it increasingly difficult for many to purchase a home as income growth has failed to keep up, which appears to have curbed housing demand. “Nonetheless, the supply of both new homes and existing properties available for sale remains low. ...
Co-op Bank receives takeover 'proposals' image
Source : BBC [Read Article] Friday 7th of April 2017 08:03:17 AM
....It added that it continued to discuss both the sale process and capital raising process with the Prudential Regulation Authority (PRA), "which has welcomed the actions being taken". The Co-op Bank put itself up for sale in February after it was unable to reach a strong enough footing to satisfy regulatory requirements. ...
Co-op boss shrugs off £130m loss to focus on group's 'stellar progress' image
....Leighton said the £140m additional writedown of the bank, which had already been written down twice in the past year, was “a piece of prudent accounting” while the bank was being sold by its hedge fund owners. The bank put itself up for sale in February in an attempt to raise more capital and give greater stability to its 4 million customers, four years after it was rescued by hedge funds. ...
Huawei defeats Samsung in patent battle in China image
Source : BBC [Read Article] Thursday 6th of April 2017 11:22:55 AM
....". However, a lawyer for Unwired Planet also viewed the case a win for his client because Huawei faces having to compensate the firm for sales worldwide. ...
Unilever to ditch Flora and Stork as consumers turn to butter image
Source : Guardian [Read Article] Thursday 6th of April 2017 07:59:35 AM
. The maker of Flora and Stork has put the margarine and spreads business up for sale as consumers turn to butter and healthier options. ...
Co-op Group makes loss as bank stake written off image
Source : BBC [Read Article] Thursday 6th of April 2017 06:27:53 AM
....The group also said that its financing costs had risen by £74m in 2016. The Co-op Bank, which has four million customers, put itself up for sale in February. ...
Soviet saloon image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:04:36 PM
....Mr Hughes explains: "There's a small but avid market for Ladas in Eastern Europe, specifically for nice right-hand drive models made for export to Britain. "Hungarians go berserk for them [in particular] because they think it's utterly amazing they were built for sale to the 'capitalist West' as it were. ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
....The mutual is set to take a £140m hit as it slashes the value of its 20% stake in the bank to zero, amid ongoing uncertainty about its former financial arm’s future. The Co-op Bank, which is now controlled by US hedge funds after a 2013 rescue deal, put itself up for sale in February in a bid to raise more capital and give greater stability to its 4 million customers. ...
Robbing Paula to pay Peter in the boardroom image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
....The 1969 book The Peter Principle is practically unique among management texts, in that it’s based on a good gag. The premise is that employees are promoted until they reach a job at which they prove incompetent – a line that’s funny because of its truth, be that for sales directors, banking bosses or foreign secretaries. ...
South Africa leaders divided after President Zuma sacks Gordhan image
Source : BBC [Read Article] Thursday 30th of March 2017 10:39:38 PM
....In a spirited farewell press conference at the treasury's office in Pretoria, Mr Gordhan defended his economic record, and dismissed speculation that he had recently held meetings in London aimed at undermining the president. Referral to his dismissal and that of his deputy Mcebisi Jonas he said: "Our souls are not for sale. ...
Johnston Press reports £300m loss after huge newspaper writedown image
Source : Guardian [Read Article] Wednesday 29th of March 2017 08:59:13 AM
.... The writedown reduces the value of Johnston Press’s publishing titles to £120m, excluding the i, and other print assets to £20m. The cut-price national title, which increased paid-for sales by 5% despite a 10p price rise last year, has seen accelerating profit growth and is forecast to make potentially almost £8m profit this year. ...
Police investigating 'human waste in Coca Cola cans' image
Source : BBC [Read Article] Tuesday 28th of March 2017 12:56:57 PM
....The night shift at the Lisburn factory was disrupted last week when machines became clogged; Coca Cola said it had impounded all affected cans. The company stressed this was an isolated incident that did not affect any products currently for sale. ...
Please bring back my old British Airways | Victoria Coren Mitchell image
Source : Guardian [Read Article] Sunday 26th of March 2017 12:01:15 AM
....In other news, BA flights have been running out of food. At the beginning of this year, they stopped serving free meals on short-haul flights, offering snacks for sale instead. ...
Pearson boss sees pay boost despite firm's struggles image
Source : BBC [Read Article] Friday 24th of March 2017 04:28:38 PM
....In January 2017, the firm was forced to lower its forecasts for this year in its fifth profit warning since Mr Fallon took over in 2013. It also put its stake in book publisher Penguin Random House up for sale. ...
Co-operative Bank says it has interest of several credible buyers image
Source : Guardian [Read Article] Friday 24th of March 2017 10:12:57 AM
....The Co-operative Bank has confirmed that a number of “credible” potential buyers have expressed an interest in the troubled bank, as fears grow that it will be broken up rather than sold as an ongoing entity. Co-op Bank, which is controlled by US hedge funds, put itself up for sale in February in a bid to raise more capital and give greater stability to its 4 million customers. ...
Co-op Bank sale plan attracts suitors image
Source : BBC [Read Article] Friday 24th of March 2017 09:52:14 AM
. The Co-operative Bank has said a number of "credible" potential buyers have expressed interest since it put itself up for sale last month. ...
What Next for shops? image
Source : BBC [Read Article] Thursday 23rd of March 2017 01:21:33 PM
....And of course it's not just Next that's up against it, it's the High Street as a whole. A stark reminder of the difficulties came just yesterday when "value" shoe retailer Brantano went into administration, its pricier sister company Jones Bootmaker is up for sale. ...
Andy Warhol portrait of Mao goes on auction in Hong Kong image
Source : BBC [Read Article] Friday 17th of March 2017 05:33:27 AM
....6m ($9. 4m) and the current owner, who is not identified, has now put it up for sale with Sotheby's in Hong Kong, with the auction expected on 2 April. ...
TV company behind Question Time could sell for up to £300m image
Source : Guardian [Read Article] Wednesday 15th of March 2017 03:54:39 PM
. Tinopolis, the company behind TV shows including Question Time and Crufts and producer of BT’s Premier League and Champion’s League coverage, is up for sale with a price tag of up to £300m. ...
Five minute guide to getting the most form home sale image
Source : Daily Express [Read Article] Sunday 12th of March 2017 01:48:00 PM
.... . This is still a seller’s market because of a shortage of properties for sale and the continuing rise of house prices, up 5. ...
Lloyds Banking Group sets aside an extra £350m for PPI image
Source : BBC [Read Article] Friday 10th of March 2017 02:05:39 PM
....It follows a Supreme Court judgment in November 2014 - what is known as the Plevin decision - that extended the definition of mis-selling for PPI. The court agreed that the bank's failure to tell customers that it was receiving a large commission for sales was unfair. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....5bn capital shortfall was uncovered in 2013, the bank which prides itself on its ethical stance has attracted 4,147 current account customers during the year. The bank’s new management team, led by Liam Coleman, put the bank up for sale last month but is also seeking other ways to find £750m in new capital by tapping its bond holders and issuing £300m of new shares. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
. The Co-operative Bank has reported another a loss of £477m, one month after it put itself up for sale. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
....7m. Mr Budden said the group had a clear strategy to tackle the challenging market conditions, saying he was confident the group would deliver "long term growth", and said he expected London to remain "a highly attractive property market for sales and lettings". ...

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