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HBOS decides against Abbey bid

HBOS has announced it has decided not to proceed with an offer for Abbey.

Further to the announcement on August 2 in respect of a potential combination with Abbey, HBOS analysis has concluded the shareholder value inherent in its existing prospects is superior to that achievable through a combination.

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Zip along to St Paul&#39s

Cauldron Consulting PR Jain Castiau is living the high life in the City for charity on September 16 and 17. The British Military Fitness is helping fundraisers whizz down a 200ft zipwire for charity. The wire runs from a 100ft tower attached to St Paul&#39s Cathedral down into Queen&#39s Head Passage by Paternoster Square. The […]

Barclays Financial Planning appoints new sales director

Barclays has appointed Vincent O&#39Shea as the sales director of Barclays Financial Planning reporting directly to managing director, Jim Reeve. Barclas says this appointment completes the formation of the Barclays Financial Planning executive team. Reeve says: “I am delighted to welcome Vincent to Barclays. Regulatory change creates some fantastic opportunities for Barclays Financial Planning and […]

Model behaviour

As the industry bids farewell to Paul Smee, all eyes will turn to the succession.Rather than look at who it should be, perhaps we should consider what type of person is appropriate. We have two models. One is Paul Smee, assured diplomat and lobbyist, who was very skilful at negotiating with the regulator and probably […]

Woolwich races against FTSE

Woolwich Plan Managers has established another issue of the accelerated growth plan, a capital protected bond that provides geared returns linked to the FTSE 100 index over a six-year term. The plan will provide 700 per cent growth in the index, capped at 70 per cent. This means investors will benefit fully from the geared […]

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