View more on these topics

Branson approaches Blackstone for Northern Rock bid

Sir Richard Branson has approached  US private equity firm Blackstone about backing a bid for Northern Rock.

According to press reports, Branson, founder of Virgin and Virgin Money, is said to be searching for a partner to  buy up Northern Rock’s good bank.

In November last year Branson was said to have been interested in buying up some of these future assets to help build his newest venture, Virgin Bank.

On Friday Virgin Money agreed a deal to buy small regional private bank Church House Trust which it will use as the platform for its retail banking launch.

The acquisition will provide the platform from which Virgin Money will develop a retail banking business in the UK – offering a full range of products to consumers under the “Virgin Money” brand.


Stellar and Accretion tech EIS route

Stellar Asset Management has teamed up with specialist technology manager Accretion Capital to create an enterprise investment scheme fund that will provide expansion capital to unquoted UK technology companies.


Paradox lost on advice v distribution

The paradox of the RDR is that the D stands for distribution (which is what the banks do), yet the principal focus of the RDR appears to be standards of advice, which is what IFAs provide. Now, we all know there are things wrong with the industry’s historic and present distribution model, primarily because its […]


Cutting Cru

Some people will remember that we were the subject of extreme acrimony from Jon Maguire because we refused to sell Cru funds. People are asking me am I gloating because I was proved correct? I must say that the performance of the Cru funds had no ring to it to me. ow could unquoted investments […]

Japan: mid-year review and outlook

By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]


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 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