United Kingdom | Wednesday, 3 December 2008

Leicester Articles

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1. EU okays Santander's buy of Alliance & Leicester
The European Commission approved Spanish bank Santander's 1.3 billion pound takeover of mortgage lender Alliance & Leicester on Tuesday, saying the deal would not harm competition in the sector.
16 Sep 2008
2. A&L cuts some mortgage rates
Mortgage bank Alliance & Leicester said it is cutting the rates on some of its home loans.
27 Aug 2008
3. A&L profit wiped out by writedown
Alliance & Leicester, which is being taken over by Spain's Santander, said first-half profits were almost wiped out due to a 209 million pound hit to the value of risky assets and higher funding costs.
01 Aug 2008
4. A&L retail investors look to Abbey as Santander bids
Private investors in Alliance & Leicester unnerved by the bank's takeover by Spain's Banco Santander can take some comfort from Santander's purchase of UK lender Abbey four years ago.
16 Jul 2008
5. A&L dips as chance of Santander counterbid seen slim
Alliance & Leicester is unlikely to attract a counterbid to its agreed 1.3 billion pound takeover from Santander as the need for extra capital and the tough UK housing market deter rival suitors, analysts said.
15 Jul 2008
6. Santander to buy A&L in 1.3 bln deal
Spain's Santander is buying British bank Alliance & Leicester for 1.3 billion pounds in an agreed deal that will bulk up its existing UK bank Abbey.
14 Jul 2008
7. Alliance & Leicester in "advanced stages" of takeover talks
Alliance & Leicester announced on Monday morning that it was in "an advanced stage of discussions" for a potential takeover bid from an un-named buyer.
14 Jul 2008
8. Alliance & Leicester Chairman Higgs dies, 64
Sir Derek Higgs, chairman of Alliance & Leicester (A&L), has died aged 64. In a statement from A&L, the company said that Higgs was "taken ill suddenly" on 28 April and had died at London hospital in the afternoon.
29 Apr 2008
9. Alliance & Leicester profit drop hits shares
Alliance & Leicester warned that higher funding costs will significantly hurt its margins next year as it reported a 30 percent drop in annual profits after a big writedown, hitting its shares.
20 Feb 2008
10. A&L says to take Treasury investments hit
Alliance & Leicester said on Tuesday it would take a 185 million pound hit from losses on complex financial instruments, more than three times its previous estimate of 55 million.
29 Jan 2008
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