View more on these topics

Abbey National is largest LSE shareholder

After the first day of trading of London Stock Exchange shares, Abbey National has emerged as the largest shareholder.

The high street bank acquired a number of small stock brokers&#39 shareholders which left it with six lots of 100,000 shares.

Other large holders are Credit Suisse, First Boston, Old Mutual and ABN Amro with 500,000 shares apiece.

All 288 members of the listing, who voted in favour of demutualisation in March, received 100,000 shares each.

The opening price of the shares was set at £28, but it quickly slipped back to £22. Throughout the day, less than 1 per cent of the shares exchanged hands.

Under regulations, no shareholder can own more than a 4.9 per cent stake in the listing.


A Consumer&#39s View

The latest report from Opra ought to stir the Government into some sort of action.Once again, chairman John Hayes finds it necessary to reprimand pension scheme auditors and trustees for serious breaches of pension legislation. This should not be allowed to continue.Hayes says: “Production of the accounts and the role of the auditor as statutory […]

LibDems offer compulsory alternative to stakeholder

The Liberal Democrats have issued a discussion paper outlining their proposals for an alternative to stakeholder.The scheme, called Owned Second Pension Account, would include full concurrency, compulsion both on employees and employers to contribute to the account and freedom for individuals to choose a provider.It would be run by the private sector but regulated by […]

HMC moves closer to parent company

Household Mortgage Corporation is relocating to parent company First National Bank’s Harrow offices and will re-brand to bring it closer to the bank’s identity. Although the name has yet to be confirmed it will see the mortgage specialist adopt its parents name in part. The move from its offices in High Wycombe will be completed […]

Moneyextra and IFAP offer search site for the public

IFA Promotion and Moneyextra have joined forces to launch a website designed for consumers to searchfor IFAs.The public will be able to look online for IFAs by postcode or areas of financial interest and will have access to details of all IFAP members.Accessed through the Moneyextra site, the consumers will be able to choose from […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm