• Text size      
  • Send this article to a friend
  • Print this article

Round-up

TSB plans to buck the trend for lenders to close branches by opening up to 30 outlets to help the business to win market share following its sale by Lloyds Banking Group, the Mail on Sunday reports.

Chief executive Paul Pester told the paper the new branches would be mainly in the South of England. TSB has 630 branches in the UK.

The founder of Keydata, the investment firm which collapsed into administration amid controversy in 2009, plans to sue the Financial Conduct Authority for £375m claiming it of a politically motivated abuse of power according to the Sunday Times. The newspaper says Stewart Ford claims he was denied natural justice in an investigation by the former Financial Services Authority, which he said was mainly intended to show its effectiveness following the 2008 financial crisis.

Wilkinsons, the value retailer recently renamed Wilko, has been acquired by one half of the founding family from the other says the Sunday Telegraph. The deal reportedly put a £500m value on the business founded by James Kemsey Wilkinson in Leicester in 1930. Mr Wilkinson's son Tony and family members have bought the interests of the family of his granddaughter Barbara Swann.

Investors that specialise in turnarounds are mulling bids for the Homesbase DIY chain amid speculation it could be put up for sale by Home Retail Group. Potential bidders include London-based OpCapita, which led the controversial takeover of Comet the electronics retailer in 2012 and Apollo, the US giant.

Contextual targeting label: 
retail

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

252287