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30th of December 2010
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News Tag: presence

August 3, 2010

Santander to acquire Williams & Glyn’s network from RBS

by Kay Murchie
Santander to acquire Williams & Glyn’s network from RBS
It has been reported that Spanish banking giant, Santander, is set to acquire the 318 Williams & Glyn’s network of branches from the Royal Bank of Scotland (RBS). According to the Financial Times and Times newspapers, RBS, which is 83% owned by the Government, is expected to confirm the deal later today. However, the deal was expected as it was ...

July 12, 2010

Santander acquires SEB’s German business

by Kay Murchie
Spanish banking giant Santander has agreed to purchase Swedish bank SEB's German business for €555 million (£466.5 million). SEB, which is Sweden's third-largest bank in terms of market capitalisation, acquired its German retail banking business ten years ago and had planned to sell it in 2008. However, the sale was delayed due the global financial crisis. Meanwhile, the agreement includes all of SEB's 173 ...

June 1, 2010

Hewlett-Packard announces thousands of job losses

by Kay Murchie
The world’s largest technology company by sales, Hewlett-Packard (HP), has today announced it is to reduce headcount by 9,000. The Palo Alto, California-based company said the job losses will be the result of productivity gains and automation, in order to provide "next-generation services" which will benefit clients. It said: "As a result of productivity gains and automation, HP expects to eliminate roughly ...

March 1, 2010

Prudential in $35.5bn deal with AIA

by Kay Murchie
Prudential, which is Britain’s second largest insurer, has today confirmed it is to buy AIA, the Asian arm of US company American International Group (AIG), in a deal worth $35.5 billion (£23.3 billion). In a stock market statement today, Pru said the deal provided it with the opportunity to create South East Asia's leading insurer. In order to finance the deal, the ...

November 12, 2009

HP in $2.7bn deal to buy 3Com

by Kay Murchie
HP in $2.7bn deal to buy 3Com
The world's largest computer maker, Hewlett-Packard (HP), has announced it is to buy networking software and equipment maker, 3Com Corp, in a deal worth $2.7 billion (£1.6 billion), subject to regulatory approval. The deal will see HP compete across the board with networking leader Cisco Systems Inc. The deal, which is expected to be finalised in the first half of next year, ...

October 28, 2009

Tesco Bank creates 1,000 new jobs, while Best Buy announces 8,000 new jobs

by Kay Murchie
Tesco Bank has announced today it is to create 1,000 new jobs in Newcastle next year. The news follows Tesco Bank's insurance partnership with Fortis UK, with the joint venture forming a new motor and household insurance company. The move is part of the supermarket giant’s plan to step up its presence in the banking sector. ...