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’Introducing Vanquis Bank (and an apology)
We’re fascinated by Provident Financial, the doorstep lender to low-income households, and its credit card business Vanquis Bank.
Earlier this week, the company hosted an investor day for this fast-growing business,
Snap news
Breaking pre-market news on Thursday,
- Glencore to raise $9bn-$11bn in London IPO — statement.
- BP and Rosneft extend share swap deadline to May 16 — statement.
- Commerzbank prices cash call at €4.25 a share — statement.
HBOS remembered
We said earlier on Monday that only one bank came off badly in the interim report from the Independent Commission on Banking.
We were wrong.
There’s another bank that comes in for some criticism.
Snap news
Breaking pre-market news on Thursday,
- OFT will not refer equity underwriting market to the Competition Commission for investigation — statement.
- BSkyB delivers “outstanding” performance in H1 — statement.
All we are saying, is give Murdoch a chance
Amazing.
Jeremy Hunt, the Secretary of State for Culture, Olympics, Media and Sport, has decided to bend over backwards to help News Corporation win control of BSkyB.
Even though the media regulator Ofcom says the £12.2bn buyout should be referred to the Competition Commission for a six month review,
Shareholder activism – Mike Ashley style (updated)
You have to admire the chuzpah of the Sports Direct owner — he’s the one on the right by the way.
His company might face an OFT probe into alleged cartel activity in the sports retail market, and a criminal investigation by the Serious Fraud Office.
Call off the search, Sports Direct edition
It’s over.
After a two and half year search, the UK’s biggest sports retailer has finally found someone brave enough to take on the job of chairman.
From RNS on Tuesday.
Sports Direct International plc today announces the appointment of Dr Keith Hellawell QPM as non-executive Chairman of the Board with immediate effect.
Snap news
Breaking pre-market news on Thursday,
- National Express board plans cash call before end of the year, continues to evaluate Stagecoach offer – statement.
- Credit Suisse reports SFr2.4bn net profit for the third quarter – statement.
Time for another Toxic Pub Co investigation
That’s the conclusion of the House of Commons Business & Enterprise Committee report on pub companies published on Wednesday morning.
MP’s on the committee are of the opinion that abuse of the tenant occurs under the “tied”