News Tag: sell
October 26, 2009
Nationalised Bradford & Bingley (B&B) is reportedly considering splitting itself into two in order to raise money to repay its £18.4 billion loan from the Financial Services Compensation Scheme (FSCS).
The troubled buy-to-let lender was nationalised over a year ago to prevent it from collapse which led to Spanish bank, Santander, acquiring B&B’s £20 billion savings base and ...
B&B mulling over split into good bank / bad bank
by Kay Murchie
July 13, 2009
UK Financial Investments (UKFI), the body set up to manage taxpayers’ interests in rescued banks, has today admitted that returning investments to the private sector will be “challenging”.
According to the body, each household in the country has over £3,000 invested in Lloyds Banking Group and Royal Bank of Scotland (RBS), which are 43% and 70% owned by ...
UKFI admits selling stakes in nationalised banks will be “challenging”
by Kay Murchie
April 7, 2009
Smoothie maker Innocent is to receive £30 million from Coca-Cola, in return for a 20 percent stake, which will be used to drive the business and extend into European markets.
Innocent has been the recipient of heavy criticism during the negotiations, however co-founder Richard Reed has hit out at the financing deal saying that the founders are excited at the ...
Innocent smoothie maker sells £30m stake to Coca-Cola
by Peter Charalambous
February 22, 2009
Royal Bank of Scotland (RBS) is set to embark on a major restructure which will see it sell off at least 20% of its business worth around £300 billion.
The bank is due to announce its full-year results on Thursday and is expected to report a £28 billion loss - setting a record in UK corporate history.
Newly-appointed chief executive, Stephen ...
RBS to sell off £300bn worth of assets
by Kay Murchie
January 13, 2009
According to reports, the Royal Bank of Scotland (RBS) is set to announce the sale of its 4.3% stake in Bank of China, which is valued at over £1.8 billion.
The rumour of the sale has brought with it speculation that similar transactions will arise.
Late last year, Swiss bank UBS sold its entire 1.5% stake in Bank of ...
RBS set to announce disposal of Bank of China stake
by Kay Murchie
December 15, 2008
Estate agency, Connells, is selling its 17% stake in Rightmove.
The decision by the UK's second-largest residential property agent is a further ill wind for the housing market, particularly as Connells' 21 million shares in the website are being offered at a discount on the market price.
Connells was instrumental in setting up Rightmove eight years ago but will remain purely as a customer ...
Connells sells stake in Rightmove
by Gill Montia
June 12, 2008
House sales may have ground to a halt, with the Royal Institution of Chartered Surveyors reporting that transactions are at a thirty-year low, but canny homeowners are nevertheless planning to take advantage of the market.
Research from Abbey Mortgages indicates that over two million homeowners see falling property prices as an opportunity to increase their assets in the long-term.
According to the ...
Falling house prices - disaster or opportunity?
by Gill Montia
May 21, 2008
The credit crisis and an economic slowdown could force one in four second homeowners in England to downsize to one property over the next two years.
Economic forecasting consultancy, Capital Economics, is predicting that falling house prices and the increased cost involved in running a second home will prompt many to sell.
This could mean that by 2010, around 60,000 second homes will have ...
Second homeowners face forced sales
by Gill Montia
