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19/07/2001
GOVERNMENT GIVES GREEN LIGHT FOR HALIFAX MERGER
THE PROPOSED £29 million merger between the Halifax and the Bank of Scotland has been given the green light by the Government.
Following consultation with the Director General of Fair Trading, a spokeperson from the Department of Trade and Industry announced that the merger would not be referred to the Competition Commission for assessment on the grounds that the resulting market shares resulting from the deal would “not warrant” investigation from the Commission.
Halifax welcomed the decision, describing their move as part of a plan to make life “difficult” for the ‘big four’ of banking, which includes HSBC, Barclays and RBS/NatWest. The merger is expected to be completed by September 10, with the new group taking the title of HBOS.
The news follows last week’s announcement by the Government that it would not be allowing Lloyd TSB’s takeover bid for Abbey National, on the grounds that the £18b move would not be in the public’s interest. (CL)
Following consultation with the Director General of Fair Trading, a spokeperson from the Department of Trade and Industry announced that the merger would not be referred to the Competition Commission for assessment on the grounds that the resulting market shares resulting from the deal would “not warrant” investigation from the Commission.
Halifax welcomed the decision, describing their move as part of a plan to make life “difficult” for the ‘big four’ of banking, which includes HSBC, Barclays and RBS/NatWest. The merger is expected to be completed by September 10, with the new group taking the title of HBOS.
The news follows last week’s announcement by the Government that it would not be allowing Lloyd TSB’s takeover bid for Abbey National, on the grounds that the £18b move would not be in the public’s interest. (CL)
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31 July 2001
Halifax and Bank of Scotland merger costs total £21 million
The Halifax's merger with Bank of Scotland has cost £21 million, the mortgage bank has revealed. The merger which took effect on Tuesday July 31st will see the Halifax, the UK’s biggest mortgage lender diversify into small business and corporate banking, while Bank of Scotland will gain retail deposits and branches.
Halifax and Bank of Scotland merger costs total £21 million
The Halifax's merger with Bank of Scotland has cost £21 million, the mortgage bank has revealed. The merger which took effect on Tuesday July 31st will see the Halifax, the UK’s biggest mortgage lender diversify into small business and corporate banking, while Bank of Scotland will gain retail deposits and branches.
11 July 2001
GOVERNMENT BLOCKS LLOYDS TSB MERGER
THE Government has blocked Lloyds TSB’s £18.2bn takeover bid for rival Abbey National, saying that the merger would be against the public interest.
GOVERNMENT BLOCKS LLOYDS TSB MERGER
THE Government has blocked Lloyds TSB’s £18.2bn takeover bid for rival Abbey National, saying that the merger would be against the public interest.
16 October 2001
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
16 July 2001
EUROPEAN FUNDING BOOSTS UK IT BUSINESSES
UK businesses currently receiving European funding for innovative IT projects have urged others to follow their example, by contacting the Department of Trade and Industry’s (DTI) support initiative UKISHELP.
EUROPEAN FUNDING BOOSTS UK IT BUSINESSES
UK businesses currently receiving European funding for innovative IT projects have urged others to follow their example, by contacting the Department of Trade and Industry’s (DTI) support initiative UKISHELP.
31 January 2002
Catering College merger consultation launched
The Department for Employment and Learning has announced that the proposed merger of the Northern Ireland Hotel and Catering College (NIHCC) at Portrush with the University of Ulster (UU) is being put out for public consultation.
Catering College merger consultation launched
The Department for Employment and Learning has announced that the proposed merger of the Northern Ireland Hotel and Catering College (NIHCC) at Portrush with the University of Ulster (UU) is being put out for public consultation.
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