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Aldermore Bank put up for sale by South African owner


By Michael Griffiths

The owner of Aldermore Bank has put the UK challenger bank up for sale after calling the motor finance redress scheme proposed by the Financial Conduct Authority (FCA) “deeply flawed”.

FirstRand, one of South Africa’s largest banks, has a 100% holding in Aldermore after acquiring the FTSE 250 listed group in 2017


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Senior agrees to £1.4bn consortium acquisition bid

Senior plc has agreed to a £1.39bn takeover bid from a consortium comprising Blackstone and Tinicum

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Young’s announces Cubitt House London Pubs acquisition

Young’s has agreed to acquire Cubitt House London Pubs, The Independent has reported, in a deal estimated to be worth around £30m

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FRC drops investigation into KPMG over Entain audit

The Financial Reporting Council (FRC) has announced it is closing an investigation into KPMG over an audit the accountancy firm conducted of betting company, Entain

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Unilever agrees deal with McCormick to combine foods business

Unilever has agreed a deal with McCormick that will combine Unilever’s foods businesses with the US-based firm

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Engineering firm Renishaw appoints new CFO

Renishaw has announced the appointment of John Shipsey as the company’s new chief financial officer (CFO)

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Institutional and wealth sector investment drives LTAF AUM up to £7.3bn

The assets under management (AUM) of long-term asset funds (LTAF) approved by the Financial Conduct Authority (FCA) have increased to around £7.3bn, analysis from Morningstar has shown

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Volex confirms intention to trade on LSE

Volex has confirmed its intention to apply to the Financial Conduct Authority for admission to trading on the main market of the London Stock Exchange (LSE)

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SSE upgrades EPS guidance after ‘strong’ operational performance

SSE has revealed it is expecting to report its adjusted earnings per share to be in the range of 147-152p when it publishes its full-year results on 28 May

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Topps Tiles to close 23 stores

Topps Tiles has announced it will close 23 stores as part of what it described a “series of self-help measures”

Pets at Home on track to meet profit guidance

Pets at Home has revealed it is still on track to meet its full-year guidance of £92m in underlying pre-tax profit
Howden to acquire Hymans Robertson’s insurance and financial services consulting team

Howden has agreed to acquire the insurance and financial services consulting team (IFS team) of Hymans Robertson LLP, strengthening its specialist insurance actuarial and longevity consulting capabilities
Facilities by ADF agrees new RCF with HSBC

UK firm Facilities by ADF has agreed a new £5m revolving credit facility (RCF) with HSBC UK


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