Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.
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Wednesday 28 January 2009
Friday 05 December 2008
Friends Provident was strong last night amid talk of possible bid interest from Resolution, Clive Cowdery's investment vehicle that it is due to list on the London market next week. Citing reports of heavy institutional interest in the IPO, traders speculated that Resolution might secure enough funding to go after Friends.
Sunday 02 November 2008
Investors in with-profits funds have been warned of a "vicious circle" of bonus cuts and penalties should they choose to withdraw their money.
Saturday 16 August 2008
Friday 15 August 2008
They dreamed of such an event, such a special day long, long ago as boys back in South Africa. Saturday at Lords, the home of cricket in the heart of London, three South African players will fulfil the ambition of a lifetime by playing in front of a full house at the famous old ground.
Friday 08 August 2008
Friends Provident is finding itself struggling to sell its Lombard wealth management business, because potential buyers are having trouble raising cash in the credit crunch.
Thursday 07 August 2008
Monday 04 August 2008
It is the turn of Britain's international banks to unveil the damage done by the credit crunch in the first half of the year.
Sunday 03 August 2008
Friends Provident chief executive Trevor Matthews will this week reveal whether the ailing insurer plans to continue with the sale of its stake in its F&C asset management and Lombard wealth arms, both of which went on the market earlier in the year.
Wednesday 23 July 2008
The FTSE 100 was up 68 points at 5432.1 at 11:57 am this morning. The banking sector was strongest and HBOS was the subject of a round of bid rumours – Britain’s largest mortgage lender advanced by more than 10 per cent or 26.75p to 287.75p as traders citied talk that BBVA, the Spanish banking group, was mulling an offer. The talk comes only days after Santander, another Spanish bank, approached Alliance & Leicester, which was up 7.5p at 335p this morning. The rumours bore few details, suggesting only that BBVA may be raising money to mount a bid in the coming weeks.
Sunday 06 July 2008
Friends Provident's chairman, Sir Adrian Montague, will come under renewed pressure this week, with the group's proposed sell-off of asset management division F&C, high-end insurance arm Lombard and wealth manager Pantheon now thought to be in grave doubt.
Sunday 15 June 2008
Sunday 08 June 2008
Monday 21 April 2008
Durham Dynamos got their Friends Provident Trophy defence off to a winning start yesterday with a nail-biting five-run win over Yorkshire, who had Tim Bresnan to thank for a memorable comeback at The Riverside.
Tuesday 15 April 2008
JC Flowers has given Friends Provident until Friday to enter talks and made it clear that it will not raise its £3.5bn takeover proposal for the insurer. Friends Provident is sticking to its assertion that Flowers' proposal is not a basis for discussions.
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