Shareholders back Standard Life Aberdeen’s £2bn insurance business sale to Phoenix June 25, 2018 Standard Life Aberdeen shareholders overwhelmingly backed the £2bn sale of its insurance business to Phoenix today. At its general meeting today 99.26 per cent of voters backed the deal which will see Phoenix acquire Standard Life Assurance Limited (SLAL), the company’s insurance arm. Read more: Lloyds sells off last of its holding in Standard Life [...]
Mark Kleinman’s big predictions for the Square Mile in 2019 January 11, 2019 Sir Martin Sorrell’s WPP exit, Unilever’s HQ U-turn, Melrose’s swoop for GKN: 2018 was a year full of surprises in the City. And while forecasting might be a fool’s errand, here are 10 predictions for the year ahead. •Theresa May will decisively lose next week’s “meaningful vote” on Brexit: that’s not a punt that will [...]
Shareholders back Standard Life Aberdeen’s £2bn insurance business sell-off June 25, 2018 Standard Life Aberdeen shareholders overwhelmingly backed the £2bn sale of its insurance business to Phoenix today. At its general meeting today 99.26 per cent of voters backed the deal which will see Phoenix acquire Standard Life Assurance Limited (SLAL), the company’s insurance arm. Read more: Lloyds sells off last of its holding in Standard Life [...]
Don’t ruin Christmas by bringing Brexit to the dinner table December 21, 2018 The build up to Christmas has almost reached its agonising conclusion. Since November, when the first few flinching bars of Slade seeped from the radio, we’ve crawled through endless reels of TV adverts and Christmas lights. It’s nearly over, though; the bonus has been frittered on tat for loathed relatives, the out-of-office message is on, [...]
London-based tech company Fever secures $20m Series C funding July 5, 2018 Secret London owner Fever is set to expand into new markets across Europe and North America after securing $20m (£15.1m) in a Series C fundraise. The company runs a fast-growing entertainment and experience booking app that uses a recommendation algorithm to help its 12m unique weekly users discover new restaurants, bars, events, concerts, and experiences. [...]
Auction house breaks record with £10m Aston Martin sale July 14, 2018 Auction house Bonhams yesterday broke the record for the most valuable British car sold at a European auction when an Aston Martin was sold for more than £10m. The 1961 Aston Martin DB4GT Zagato fetched £10,081,500, which Bonhams said was a record. It sold in the room to a European buyer. The lot was part [...]
Bricking it: Lego sales and profits fall on weaker dollar September 4, 2018 Lego was impacted by the weaker US dollar in the first half of 2018, reporting lower sales and profits today. The Danish toy company said it was pleased with performance given the challenges of the toy industry, and is now focused on stabilising the business. The figures Global consumer sales grew one per cent in [...]
Bonhams breaks record with £10m Aston Martin sale | City A.M. July 14, 2018 Auction house Bonhams yesterday broke the record for the most valuable British car sold at a European auction when an Aston Martin was sold for more than £10m. The 1961 Aston Martin DB4GT Zagato fetched £10,081,500, which Bonhams said was a record. It sold in the room to a European buyer. The lot was part [...]
Standard Life Aberdeen’s share price falls as firm reveals plans to return £1.75bn to shareholders May 29, 2018 Standard Life Aberdeen’s share price fell this morning after the firm revealed plans to return £1.75bn to its shareholders following the sale of its UK and European insurance business to Phoenix Group. The finance giant this morning announced plans to gift £1bn to shareholders via a B share scheme, in which new B shares will [...]
Standard Life Aberdeen’s share price falls as firm reveals plans to return £1.75bn to shareholders May 29, 2018 Standard Life Aberdeen's share price fell this morning after the firm revealed plans to return £1.75bn to its shareholders following the sale of its UK and European insurance business to Phoenix Group. The finance giant this morning announced plans to gift £1bn to shareholders via a B share scheme, in which new B shares will [...]