Secretary of State for the Department of International trade, Liam Fox made the announcement, outlining the government’s renewed ‘commitment to helping small business seize global demand for British exports.’ UK Export ...
Tags: UK Exporters
Glendale Foods Limited, the Salford based food manufacturing business, has undergone a partial shareholder buyout for an undisclosed sum, leaving full control to management as the company enters the next stage of development. Paul ...
Tags: Glendale Foods, vegetables
Marks and Spencer Group plc (M&S), one of the leading British multinational retailers, has appointed Helen Weir CBE to its Board as its Chief Finance Officer (CFO). Helen is currently the CFO at the John Lewis Partnership. She joined John ...
Tags: multinational retailers, Apparel
House of Fraser has declined to comment on reports it is in advanced discussions with French department store group Galeries Lafayette over an acquisition of the UK department store retailer. Two industry sources told Reuters there are ...
Tags: Galeries Lafayette, retailer
Marks and Spencer Group plc announces the appointment of Alison Brittain to its Board as a Non-Executive Director. She will take up her appointment on 1 January 2014. Alison is currently Group Director for the Retail Division of Lloyds ...
Tags: Marks&Spencer, Alison Brittain
Lloyds Bank has revealed how using service virtualisation has helped it cut app development costs by reducing testing times and highlighting defects earlier so that they can be fixed more cheaply. The bank, which uses CA ...
Tags: lloyds, bank, service, virtualisation, app, development, cost
The Co-operative Bank has written down £148.4m after deciding not to go ahead with the implementation of a new core banking platform. The bank revealed the write down as part of its financial results for the six months to 30 June ...
Tags: Computer Products
Lloyds Banking Group is looking for 30 IT apprentices to take up specialist roles that it says cannot be filled by graduates. The group, which is the parent company of high street bank Lloyds TSB, is looking for school leavers with a ...
Tags: Transportation, truck
Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...
Tags: reinsurance, Hannover Re
Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
Crediton Dairy - makers of Mars Family Refuel chocolate milk - has pledged to back British suppliers Former Milk Link bosses Neil Kennedy and Tim Smiddy issued the promise in a joint statement following the announcement of the sale of the ...
Tags: Agriculture, Food
Sainsbury's Bank, the 50/50 joint venture between the supermarket chain and Lloyds Bank, will outsource its entire banking IT platform when Sainsbury's takes complete control of the financial services organisation. Further reading ...
Tags: Sainsbury, IT, Computer Products
Britain’s third largest supermarket Sainsbury has taken full control of Sainsbury’s Bank, after acquiring the remaining 50% shareholding from Lloyds Banking Group for 248M. Sainsbury: banking on the growth of its financial ...
Tags: Sainsbury, Agriculture
British insurer Legal & General has agreed to purchase a 46.5% equity stake in CALA Group (CALA), from Lloyds Banking, in a deal valued at nearly 210m. Based on the term of the agreement, the underwriter will acquire the stake as an equal ...
Tags: insurer Legal, Legal&General, CALA Group
The Co-operative Bank could write-down up to £200m of IT investments if it finalises a proposed acquisition of 632 Lloyds Banking Group (LBG) branches. The Co-op Bank's annual profits could be impacted significantly if its ...