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AUG

Housing Market Pays Dividends At Foxtons

Posted in: blog-cer financial

Foxtons is to pay out £12.8m in dividends to its shareholders after reporting a strong first half.The London-focused estate agents saw its pre-tax profit up by 57% to £23.1m in the six months to June 30.The special dividend payment is more than half of the group's profit before tax and is the second pay out since it returned to London's stock market almost a year ago.During the period the company opened five new branches, taking its total number to 49 and it plans to grow fur

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21

AUG

Hedge Funds Urge Faster Co-op Bank Overhaul

Posted in: blog-cer financial

The Co-operative Bank is facing demands from some of its biggest shareholders to accelerate an overhaul of its operations and commercial strategy.Sky News has learnt that a number of hedge funds which became investors in the Co-op Bank after it was forced into an emergency fundraising last year have expressed concerns about the pace at which a new strategy is being implemented by its chief executive Niall Booker.External investors now hold more than 75% of the company's shares, with the Co-o

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18

AUG

Ex-HBOS Chief Crosby Lands Moneybarn Windfall

Posted in: blog-cer financial

A  former banker who surrendered his knighthood last year will reap a profit running into hundreds of thousands of pounds from the sale of a car finance company he chairs.Sky News can reveal that James Crosby, who ran HBOS, Britain's biggest mortgage lender in the years leading up to the banking crisis, will cash in from the £120m takeover of Moneybarn by Provident Financial, announced on Thursday.Mr Crosby, who was criticised by MPs and peers in a report on the collapse of H

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6

AUG

Standard Life Profit Rises 12% To 339m

Posted in: blog-cer financial

Standard Life has reported a 12% rise in its operating profit for the first half of the year.The insurance and pension group's operating profit before tax rose to £339m as more UK workers were automatically enrolled in company pension schemes.The group said it expects to add more than 300,000 new auto-enrolled customers this year.Chief executive, David Nish said: "We have an excellent track record of succeeding in evolving markets and we are well placed to deal with the far-reachi

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