Royal Bank of Scotland Group (RBS) bankers joked about crashing the US housing market and likened mortgage trading at the lender to ‘organised crime’
Homeowners cashing in their pensions to spruce up their patios lifts paving firm Marshalls (MSLH)
On The Beach Group (OTB) the online travel agent bought luxury package holiday retailer Classic Collection for £20million. Classic Collection is set to take On the Beach in a different direction, as it sells its beach holidays through physical independent high street travel agents.
CareTech Holding (CTH) revealed it had finally had its bid for Cambian Group (CMBN) accepted by the company. CareTech is set to pay £372million for Cambian, less than it had originally proposed. The offer, which will give shareholders 190p in cash or 100p and 0.3 CareTech shares, has already been accepted by a majority of Cambian’s investors.
Abzena (ABZA) saw its shares rocket 9.1p, to 15.1p as it recommended shareholders accept a £34million takeover offer from US private equity firm WCAS.
Kingfisher (KGF) – B&Q is basking in our scorching summer after winter slump as heatwave boosts sales
Rio Tinto (RIO) hires bankers to sell its £4.7bn Canadian iron-ore operations
Chemring Group (CHG) awarded £73m contract from US department of defence to upgrade its mine detectors
Moneysupermarket.com Group (MONY), Gocompare.com Group (GOCO) – Now Amazon plots assault on the UK insurance market as it could offer motor and home cover
