Jump to content

Search the Community

Showing results for tags 'stake'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • The Consumer Forums: The Mall
    • Welcome to the Consumer Forums
    • FAQs
    • Forum Rules - Please read before posting
    • Consumer Forums website - Post Your Questions & Suggestions about this site
    • Campaign
    • Helpful Organisations
  • CAG Community centre
    • CAG Community Centre Subforums:-
  • Consumer TV and Radio Listings
    • Consumer TV and Radio Listings
  • CAG Library - you need to register to access the CAG library
    • CAG library Subforums
  • Banks, Loans & Credit
    • Bank and Finance Subforums:
    • Other Institutions
  • Retail and Non-retail Goods and Services
  • Work, Social and Community
  • Debt problems - including homes/ mortgages, PayDay Loans
  • Motoring
  • Legal Forums
  • Latest Consumer News

Blogs

  • A Say in the Life of .....
  • Debt Diaries
  • Shopping & Money Saving Tips

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Quit Date

Between and

Cigarettes Per Day


Cost Per Day


Location

Found 5 results

  1. I have a dmp with Payplan, and I have been receiving phone calls, and not answering them on my mobile, but the other day I answered my home phone, and it was a company called Stake Your Claim, and they said they are acting on behalf of Payplan, and had all my details, of loans and credit cards. They asked had I paid PPI, and I replied NO, as I hadn't any PPI's on any of my debts. But they told me that that credit cards and loans have been putting PPI on loans etc, and just adding it into the interest. They said they would charge me 12 per cent, if any of my claims were successful, but I have never heard of this company, and they have now sent all the paperwork out for me to sign? I am very wary of [problem]s and phoney companies, but they had all my details and they said they are working with Payplan. Can anyone give me any insight into this? Is it legal
  2. The Wellcome Trust, the UK’s largest medical research charity and one of the country's biggest investors, has sold its stake in Wonga, the online payday lender, in the wake of the continuing storm over the company’s activities. News of the sale of the investment - believed to be in the region of £7m - follows a series of negative comments from The Archbishop of Canterbury, the Most Rev Justin Welby, who said he wanted to put the company out of business by competing with it. Although the decision to sell the shareholding was made a number of months ago, it was completed at the end of last week. No new buyer was found for the shares, which are understood to have been cancelled by the company. The news is a further blow for Wonga, coming as it does from one of the UK’s largest investors - the Wellcome Trust has a £14.5bn endowment - and so soon after the Archbishop’s comments. The Archbishop made the comments after meeting with Errol Damelin, Wonga's co-founder, saying that he hoped to establish a national network of credit unions to help end the need for businesses like Wonga. More: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10218754/Wellcome-Trust-sells-stake-in-Wonga.html
  3. Royal Bank of Scotland has reported its best quarterly result in more than a year with a pre-tax profit of £826m and said it expects the goverment to be able to start selling its stake it the lender by the middle of next year or even earlier. The profit for the first three months of the year compares to a £1.5bn loss in the same period in 2012 and a £2.2bn loss in the final quarter of last year, largely as a result of a fall in impairments in losses from RBS's "bad bank". Stephen Hester, chief executive of RBS, said the results showed work turning around the performance of the taxpayer-backed lender was "nearing completion". “These results show pleasing progress in delivering a strong and valuable RBS for all our stakeholders. We expect to substantially complete the bank’s restructuring phase during 2014," said Mr Hester. He said the bank was seeing the "start of a pick-up in loan demand" and RBS had a "strong surplus of funds ready and available to fully support economic recovery". Sir Philip Hampton, the chairman, said in a video statement that he expected the government to start selling shares from the middle of 2014 - or maybe earlier "depending on the government". Mr Hester said there had not been any recent discussion about the privatisation with the authorities, but added that any sale would be "terrific for the country". Losses form impairments - or bad loans - fell by 26pc to £1bn from £1.5bn in the final three monhts on the last year. It has now seen a 79pc reduction in non-core assets since it began restructuring in the wake of the financial crisis. Core lending to small and medium sized businesses rose 1pc from the fourth quarter to to £34bn. UK residential mortgage lending remained broadly stable at £110.2bn. Link: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10034885/RBS-sees-government-stake-sale-next-year-as-it-posts-quarterly-profits-of-826m.html
  4. A sale of some of the taxpayer's stake in Lloyds Banking Group has come a step closer after the state-backed lender's share price yesterday came close to reaching the government's minimum "break-even" price. Shares in Lloyds rose above 60p for the first time in more than 12 months, trading as high as 60.4p, just 0.8p below the taxpayer's minimum sale price of 61.2p after the bank confirmed it was likely to make a full-year profit in 2013. The state holds a 39pc stake in Lloyds following the lender's £25bn bailout in 2008, but yesterday's share price rise raises the prospect of a potential disposal of some of the holding in the near future. Sir Bischoff, 72, who announced his retirement as Lloyds chairman this week, described the surge in the bank's share price as "very pleasing". "It's a reflection of the huge progress this business has made in the last year," said Sir Win, who announced he will step down as chairman by next May at the latest. The rise in the shares followed confirmation by Antonio Horta-Osorio, chief executive of Lloyds, that the bank would make its first full-year profit since 2010. "We expect this [the restructuring the bank] to enable us to return to profitability this year and to grow our core business, to realise our full potential to deliver strong stable and sustainable returns for you, the shareholders, and to allow UK taxpayers’ investment in the Group to be repaid," said Mr Horta-Osorio. Mr Horta-Osorio's own annual bonus is linked to selling a third of this holding at an average price of more than 61.2p by 2018. An additional condition would allow him to receive the award if the bank's share price exceeds 73.6p, the average price at which the taxpayer bought Lloyds shares at the time of its 2008 bailout, by the same date. More: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10061637/Sale-of-taxpayers-Lloyds-stake-moves-closer-as-shares-nudge-break-even.html
  5. Dutch bank ING has announced that it is to sell its 54 million shares in US-based financial holding company Capital One Financial Corporation in an underwritten public offering, for a total value of roughly US$3bn (equating to around €2.4bn). The transaction is expected to settle on 10 September, with BofA Merrill Lynch, Morgan Stanley and Citigroup Global Markets Inc. acting as joint book-running managers. The shares were acquired by ING in February of this year following the sale of ING Direct USA to Capital One, and the transaction is expected to lead to an after-tax gain of €0.3bn for ING and a capital release of €1bn. In addition, the transaction is expected to enhance the firm’s capital position, bolstering the core Tier 1 ratio by approximately 35 basis points. The announcement follows that made last month of the sale of ING Direct Canada to Scotiabank, in a move worth around €2.5bn. Link: http://www.bankingtimes.co.uk/2012/09/05/ing-to-sell-capital-one-stake/
×
×
  • Create New...