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TSB acquired by Santander in £2.65bn deal


By Michael Griffiths

TSB has been bought by Spanish bank Santander in an all-cash deal worth £2.65bn.

The UK retail bank, which has a nationwide network of 175 branches and outlets, would strengthen Santander’s position in the UK market with the Spanish bank intending to integrate TSB into the wider group


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Currys posts 37% jump in profits

Currys has posted a 37% surge in pre-tax profit to £162m in its latest annual results

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Chesnara acquires HSBC Life (UK) for £260m

Chesnara has agreed to acquire the specialist life protection and investment bond provider, HSBC Life (UK), for £260m

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AstraZeneca eyes up US listing

AstraZeneca is considering moving its listing on the London Stock Exchange to the US, potentially becoming the latest company to do so

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Evelyn Partners completes sale of fund solutions business

Evelyn Partners Group has completed the sale of its fund solutions business, operated by Evelyn Partners Fund Solutions Limited (EPFL), to Thesis Holdings

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Greggs blames hot weather for sales slowdown

Greggs has reported that the hot weather in the UK has impacted its sales and profit levels in Q2, as higher temperatures impacted its consumer buying activity

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Spectris agrees to KKR's £4.7bn takeover bid

Spectris has agreed to KKR’s takeover bid, valued at an enterprise price of £4.7bn

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Southern Water secures £655m in new equity investment

Southern Water has received a commitment from its majority shareholder to invest £655m in additional new equity

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WH Smith reduces sale of high street business by £12m

WH Smith has completed the sale of its UK high street business to Modella Capital for a smaller valuation than initially agreed

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Sainsbury’s reaches highest market share in nine years

Sainsbury’s has reported a 4.9% annual jump in sales in its Q1 results, as the supermarket giant also hailed its highest market share since 2016

Molins UK Pension Scheme completes £249m buy-in with Aviva

The Molins UK Pension Fund has completed a £249m buy-in deal with Aviva, securing the benefits of over 3,500 members of the scheme
Shell denies BP takeover talks

Shell has denied recent media speculation that it is in talks to buy BP following reports of a potential £60bn takeover
Centrica to take 15% stake in Sizewell C nuclear plant

British Gas owner Centrica is set to take a 15% stake in the planned Sizewell C nuclear plant in Suffolk, according to reports


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