When I visited the office of Barclays chairman Marcus Agius recently, he proudly showed me a corridor, the walls of which were covered with portraits of the bank’s founders. Quakers.
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Around 700,000 small investors in Friends Provident were today offered much less than half what the shares were worth at flotation eight years ago to sell their holding to insurance tycoon Clive Cowdery ... more
Life assurer Friends Provident today slammed the door on Resolution boss Clive Cowdery and said discussions about a possible tie-up were well and truly over... more
Friends shareholders were told today that Resolution’s takeover plan would pay them a minimum £1500 cash sweetener and preserve their dividend
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City shareholders killed off the £12 billion sell-off of British Energy to the French at the eleventh hour after an evening of fraught tensions in the Square Mile... more
Gordon Brown's energy policy is in tatters after a deal to sell Britain's nuclear power plants to a French company collapsed at the last minute... more
Dungeness in Kent, Bradwell in Essex and Sizewell in Suffolk are named as preferred sites for the building of atomic reactors by nuclear electricity generator British Energy... more
It is rare for a company to be destroyed by a good idea but that is effectively what happened to Friends Provident. Last year it tried to take over cash-rich Resolution Life as a way to continue to finance its own expansion in wealth management and traditional pension and insurance products... more
More related topics: Adrian Montague (Executive) and
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
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