Sesame lost £1m in the first half of 2009 from a profit of £2m over the same period in 2008. Despite the loss, Sesame insists it is in a strong position to independently fund the Bankhall buyout and says it is on track to end the year profitably.
By Mark Martin, Head of UK Equities, Neptune Investment Management The start of 2016 has been one of the most tumultuous periods in recent years for UK markets, with the FTSE 100 Index briefly entering bear market territory in the middle of January. Fuelled by a collapse in the oil price and escalating concerns over […]
Plans to make Britain a “21st century exporting superpower” will be set out today in a new export strategy. International trade secretary Liam Fox will set out today the ambitions through better use of Britain’s overseas network, online tools and building extensive business-to-business networks. Last year £620bn of goods and services exported by British companies, […]
The FCA has confirmed that the cost of regulating claims management companies will fall on the firms themselves as it sets out its plans to recover fees from the sector. The watchdog has been given responsibility for regulating CMCs as of April next year, superseding the Claims Management Regulator. In a consultation paper this morning, […]
Standard Life Aberdeen has begun buying back shares from investors after selling its life arm to Phoenix. According to a stock exchange announcement this morning, SLA has purchased nearly 770,000 ordinary shares from Merrill Lynch International at an average price of 318p a share, costing SLA around £245m. The announcement adds that SLA intends to […]