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Midshires consults over rival takeover bids

Birmingham Midshires Building Society is seeking permission from Royal Bank of Scotland to enter into talks with rival bidder Halifax over a possible acquisition.

Midshires is also seeking advice from its banking and legal advisers about how to go ahead with its conversion, faced with the two rival bids. It is understood that the Building Societies Commission does not allow two rival offers to be put to its members at once.



One of my favourite investment groups is international bond and equity specialist Guinness Flight Hambro. It has a good record of launching funds at the right time. For example, in early 1994 it launched a global privatisation fund which is now one of the top performers in the international growth sector. Guinness Flight now thinks […]

Bob Yerbury

Perpetual chief investment officer Bob Yerbury is a man with a huge weight of responsibility resting on his shoulders. It is not the weighty burden Perpetual&#39s £8.3bn funds under management but the important task of caring for his son&#39s tamagotchi. Yerbury junior, youngest of three children between 11 and 20, has just started at a […]

Love sick

Valentine&#39s Day usually throws up a melee of tacky gifts. For example, there&#39s the usual ghastly silk boxer shorts with hearts liberally sprinkled all over the place. But perhaps the most absurd present yet has come from the Association of British Insurers. It has lovingly given us free access to its beautifully crafted website for […]

Pru application for PIA gets go-ahead

Prudential&#39s application to join the PIA has gone through after it announced its intention to join in December last year. It can now be fined for compliance breaches, a power not open to its previous regulator SIB.


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