Barclays bids for TD Direct to rival Hargreaves Lansdown

barclays-building-2012-700x450.jpg

Barclays has emerged as a surprise bidder for stockbroking firm TD Direct Investing in a bid to rival retail investing giant Hargeraves Lansdown.

Sky News reports Barclays has put in a bid for the TD business and is among a small number of firms looking to acquire the firm. TD Direct Investing is being sold off by parent company TD Bank.

Barclays has an existing stockbroking business, Barclays Stockbrockers, which it wants to combine with TD Direct.

Barclays appointed a new chief executive last year, hiring former JP Morgan boss Jes Staley, and this would be the business’s first acquisition since his appointment.

Recommended

Henderson to merge global trusts after strategic review

The board of the Henderson Global Trust plans to merge it with the Henderson International Income Trust as it has failed to get sufficient assets. The board undertook a strategic review of the trust in a bid to reduce its discount, which has been 10.7 per cent over the past 12 months. The Global Trust, run by […]

Aegon-Logo-Building-2012-700x450.jpg

Aegon cuts sales jobs in platform push

Aegon is to cut its salesforce from around 100 roles to 70 as part of a shift towards its platform business, Money Marketing understands. Sales staff were called into a meeting yesterday where it is understood the insurer announced around 30 roles would be lost as a result of moving resources away from its legacy […]

Woodford-Neil-700x450.jpg

Woodford: 40% of FTSE All Share in bear market

More than 40 per cent of the stocks in the FTSE All Share are in a bear market, having fallen more than 20 per cent since their high in the past year, says Woodford Investment Management. Fears arose after the FTSE fell into a bear market last week, dropping more than 20 per cent from […]

Citizens-Advice-Bureau-CAB-500x320.jpg
3

Citizens Advice ramps up efforts to prevent leaks

A Citizens Advice bureau has increased efforts to prevent a raft of leaks that have revealed the inner workings of one of the organisations running the Government’s Pension Wise service. The declaration, sent to both emp­loyees and volunteers at Diss, Thetford and District Citizens Advice in Norfolk and seen by Money Marketing, blocks disclosure of […]

RLAM Fixed Income Outlook

Jonathan Platt, Head of Fixed Income at Royal London Asset Management, gives his outlook on the fixed income market. Read the article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment