View more on these topics

A&L takeover draws closer after suitor confirms interest

French bank Cr裩t Agricole has confirmed it is considering a takeover bid for Alliance & Leicester.

In a statement CA says it has not yet made a bid and its interest is only at an early stage.

A&L shares surged over the weekend over speculation CA would make a move for its UK counterpart. A&L has previously been linked with a takeover by Abbey owner Banco Santander from Spain.

The statement says: Cr裩t Agricole is assessing A&L, amongst others, but would note that its evaluation is at a preliminary stage.

Cr裩t Agricole has not made any proposal to A&L and there can be no certainty that any proposal or offer will be made.

Recommended

Tories aim to show Sipp complexity

The Tories have tabled amendments to the Finance Bill to change the definition of residential property in a Sipp to highlight the complexity of the new regime.

MPs want the ABI to prove how its alternative scheme would cut costs

The Treasury select committee has challenged the ABI to prove how its version of the NPSS would drive down costs rather than create more red tape. The committee’s report on NPSS regulation says simplicity and near-universal suitability are the overriding factors in deciding who should run the scheme. It says the ABI’s introduction of consumer […]

Invesco Perpetual bolsters Asian equities team

William Lam has been appointed to join Invesco Perpetual’s Henley-based Asian equities team.Lam, who joins the team on May 22, will help to selectstocks from Taiwan and Korea across all funds managed by the Asian team.Lam was formerly an analyst at Orbis Investment Advisory, specialising in the global telecoms and technology sectors.

Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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 advice.

    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

    Email: customerservices@moneymarketing.com