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Abbey profits up 15 per cent

Abbey National has announced its profits are up 15 per cent to £1.06bn for the first 6 months of this year, from £922m last year.

The announcement comes a fortnight after trade secretary Patricia Hewitt blocked Lloyds TSB&#39s takeover attempt.

Abbey&#39s biggest growth area was in life insurance, with Abbey National Life posting a 31 per cent increase to £75m over the period.

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By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]

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