Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.
Like this page on Facebook for updates
Tuesday 15 April 2008
Rumours that Premier Inn may yet merge with rival Travelodge helped take Whitbread to first place on the FTSE 100 leader board yesterday.
Saturday 12 April 2008
FKI is the focus of renewed bid speculation. The engineering company has been a feature of market chatter for many weeks now. At various times, different rumours have suggested that either the company was about to receive a counter offer to the revised proposal made by the engineering conglomerate Melrose, in March, or that the second bidder had dropped out, robbing investors of the pleasure of a bidding war.
Tuesday 08 April 2008
JC Flowers is preparing to contact shareholders of Friends Provident to press the case for its £3.5bn takeover proposal for the insurer after unveiling details of its approach yesterday.
Saturday 05 April 2008
Standard Life has agreed to pay up to £1.9m to its former finance director, Alison Reed, after reaching a legal settlement over her ousting in 2006.
Tuesday 01 April 2008
Friends Provident has rejected a £3.5bn takeover proposal from JC Flowers, the US buyout firm that has been stalking the British insurer since the end of last year. Friends said yesterday that JC Flowers' 150p-a-share indicative cash approach "significantly undervalues Friends Provident ... and its prospects and does not represent a basis for discussion".
Monday 31 March 2008
Life assurer Friends Provident today said it had rejected a revised £3.5 billion offer from private equity firm JC Flowers.
Thursday 13 March 2008
Standard Life shares surged yesterday after the life insurer posted annual profits ahead of expectations and sounded an upbeat note on its prospects this year.
Wednesday 12 March 2008
Friends Provident has called on JC Flowers, the US private investment firm which has expressed an interest in buying the company, to put up or shut up because the uncertainty is damaging its business.
Monday 10 March 2008
The FTSE Quarterly Review on Wednesday will determine which companies fall out of, and which ones climb into, London's benchmark index of 100 leading shares. Kazakh Eurasian Natural Resour-ces, which has been buoyed by the worldwide rush for commodities and by Kazakhmys, the FTSE 100-listed miner which took an 18.8 per cent stake in the company, is expected to win a promotion, while Yell, the directory group behind the Yellow Pages, looks set for ejection, buckling under the pressure of competition from online rivals such as Google and Yahoo.
Saturday 23 February 2008
Doubts increased yesterday about the planned takeover of Resolution, the closed life fund operator, by its rival Pearl as the deal hit a fresh delay.
Thursday 07 February 2008
The amount of money being withdrawn from commercial property funds inc-reased almost twelvefold during the last three months of 2007, as investors rushed for the exit in a panic-stricken response to sharp falls in asset prices.
Tuesday 05 February 2008
Rumours of a private-equity advance for ITV were broadcast around the market yesterday.
Sunday 03 February 2008
Friday 01 February 2008
Friends Provident finally unveiled its restructuring plan yesterday but the proposals immediately received a tough reception from investors who sent the life insurer's shares down to their lowest level for more than three years.
Thursday 31 January 2008
The life and pensions group Friends Provident said today that it is to axe around 600 jobs as part of a group-wide overhaul and cost-cutting drive.
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
President Putin is a dangerous psychopath - reason is not going to work with him
- 1 Stephen Fry explains what he would say if he was 'confronted by God'
- 2 City traders pay £200 for a quick hangover cure
- 3 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 5 Ball pool for adults opens in London