FSA fines and censures two mortgage brokers for fraud

first_img THE FINANCIAL Services Authority (FSA) has banned one mortgage broker and fined another for committing “reckless business practices”, which it said led to false and misleading mortgage applications made to lenders. Ngozika Louise Ogboru, who ran Harrow based JN Finance UK, has been banned by the financial watchdog after it found that advisers at her firm were “able to submit false and misleading mortgage applications to lenders” using her details. Ogboru was the only approved broker at JN Finance to implement “adequate systems and controls”, said the FSA.Meanwhile, Ronald Winton from Mortgage Healthcare in Dundee has been fined £31,500 by the FSA and suspended from holding a senior position at a financial services firm for the next two years for leaving his broking business under the management of two non-approved advisers. FSA director of enforcement, Margaret Cole said: “Ogboru and Winton were not of sufficient calibre to run their firms to the standards expected by the FSA.” Ogboru would have been fined £65,000, but the fine would have caused serious financial hardship. Show Comments ▼ FSA fines and censures two mortgage brokers for fraud Tuesday 31 August 2010 9:07 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workoutcenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content Share Tags: NULLlast_img read more

John Lewis’ sales improve

first_imgSunday 5 September 2010 10:40 pm KCS-content Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULL whatsappcenter_img John Lewis’ sales improve Show Comments ▼ RETAIL giant John Lewis is poised to post a strong set of financial results later this month as the department store chain returns to profitability. The group’s half-year results, which will be reported on 16 September, are likely to show that the company has made its way back to pre-recessionary levels after sales through out its main business streams remained high. During the six-month period, homeware sales, which make up more than a third of John Lewis’ business, rose by 17 per cent, bolstering the group’s profitability. Sales in John Lewis’ clothing division contributed to the rise, having gained 17 per cent and marking the fastest departmental increase for the retailer. The group’s fashion business as a whole helped to push up half year figures after posting a 19 per cent hike on last year.Meanwhile, sales in the electronics department climbed by 2.2 per cent. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comlast_img read more

Accountants hit as FTSE 100 skimps on bills

first_img whatsapp Accountants hit as FTSE 100 skimps on bills Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULL DESPITE increasing fees during 2010, top accountants in the UK have reported a three per cent decline in the amount they collected from FTSE 100 clients, new research shows.During the 2009 to 2010 financial year, FTSE 100 companies paid £891.9m in both audit and non-audit fees, marking a drop from the previous year when clients paid £857m for accountancy services, according to information compiled by Accountancy magazine.The drop off in revenues during the year came despite a 3.7 per cent hike in auditing fees across the big accounting firms.Giants KPMG and Ernst & Young (E&Y) reported a decline in audit income from FTSE 100 clients for the year, the research pointed out. KPMG saw that figure go down by more than four per cent, while E&Y experienced a four per cent fall in revenues from top UK clients.But rivals PricewaterhouseCoopers (PwC) and Deloitte have bucked the trend by reporting a rise in auditing income. Last year, PwC billed its top FTSE 100 clients £245.7m, pushing its total audit income up 10 per cent.Similarly, Deloitte saw auditing revenue rise 4.8 per cent. Monday 6 September 2010 8:25 pm KCS-content whatsapp Sharelast_img read more

PwC first to add senior City figures to the board

first_img Tags: NULL Share whatsapp whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Sunday 26 September 2010 9:48 pm KCS-content Show Comments ▼ PwC first to add senior City figures to the board ACCOUNTING firm PwC is set to become the first accountancy practice to add independent directors to its board after the appointment of three senior businessmen as non-executive directors.Former Rio Tinto chairman, Paul Skinner will be joined by WM Morrison chairman Sir Ian Gibson and Cable & Wireless chairman Sir Richard Lapthorne as independent directors to sit on PwC’s board. The accountancy firm has also appointed Dame Karen Dunnell, former head of the Office of National Statistics and vice-chancellor of the University of Oxford, as non-executives to its newly created public interest body. The move by the “big four” firm comes as a response to new regulations outlined by oversight body, the Financial Reporting Council, requiring the top eight accounting firms in the UK to add independent directors to ensure effective governance. It is understood that Deloitte, Ernst & Young and KPMG are set to make the same move in the coming months. last_img read more

M&C Saatchi expects Xmas adverts boost

first_img M&C Saatchi expects Xmas adverts boost KCS-content Thursday 30 September 2010 10:24 pm Show Comments ▼ Share Tags: NULL whatsapp AD AGENCY M&C Saatchi hopes a bumper Christmas for retailers will help it beat full-year expectations.The update came as Saatchi posted a 17 per cent rise for pre-tax profit to £6.3m and the same size sales rise to £58.2m, for the six months to the end of June.The news adds to hopes that the UK is mounting a sustained recovery, with advertising seen as a barometer for the wider economy.However, the firm remains cautious about next year, saying the market is still unpredictable.Saatchi also announced it has added the Olympic Delivery Authority to its client list.Analysts at Numis said the half-year results were “excellent”, raising their rating to “buy” from “add” and target price to 147p from 131p.Chief executive David Kershaw said he expected analysts to raise their revenue predictions for the year to £116-117m, from about £110m, and also nudge up their pre-tax profit numbers.He said: “I think you will see a vibrant, competitive Christmas ahead for our retailers, which is why we can certainly see visibility through to the end of this year, and financial services is still very competitive.”Kershaw added: “If you could lock in the current trading we would all be very happy. Any concerns are about what might happen in the course of the next year.”In March the ad agency revealed a 27 per cent drop in full-year pre-tax profit on flat sales. However, it predicted sales would pick up in 2010. It also announced a tie-up with the Tories in the run up to the general election, renewing a relationship that spans decades and includes the iconic “Labour isn’t working” poster in 1979. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

BEST OF THE BROKERS

first_imgThursday 14 October 2010 8:54 pm Show Comments ▼ KCS-content whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp BEST OF THE BROKERS center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com AUTONOMYEvolution Securities rates the software company a “sell” with a target price of £11.75. The broker has cut its earnings per share forecast by 25 per cent for the fourth quarter, and by 22 per cent for 2011, following last week’s profit warning, but also sees a five per cent growth in revenue next year.CLOSE BROTHERSArden Partners has upgraded the investment bank to “neutral” from “buy” with a price of 746p. The broker has upgraded its 2011 pre-tax profit forecast by 11 per cent and its forecast for 2012 by 26 per cent, on the back of expected continued growth, but still sits near the bottom of consensus estimates.UNITED BUSINESS MEDIARBS rates the media group a “hold” with an upgraded target price of £6.30. It believes advertising volumes have picked up in certain sectors including its technology magazines. The broker has upgraded 2011 earnings per share forecast by 14 per cent to 63.4p, due in part to the group’s acquisition of Canon Communications. Share Tags: NULLlast_img read more

Government in tuition fee compromise

first_img Share Wednesday 3 November 2010 9:36 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Show Comments ▼ Government in tuition fee compromise center_img whatsapp Tags: NULL TUITION fees will be capped at £6,000 for most universities, after the coalition government watered down a series of independent recommendations.Universities minister David Willets unveiled plans to raise the “basic threshold” for fees to £6,000, rising to up to £9,000 for a small number of institutions in “exceptional circumstances”.Institutions will only be able to charge more than £6,000 if they can prove they are meeting tough targets that require them to boost access for students from deprived backgrounds. The final plans represent a messy coalition compromise, after Liberal Democrat ministers – who campaigned against any hike in fees before the election – insisted on imposing a cap. Lord Browne, the former chief executive of BP, had recommended that institutions should be able to charge as much as they wished, helping to introduce a free market in higher education. However, a tapered levy on universities charging over £6,000 would have likely stopped most universities charging more than £12,000 a year. But under the current plans, the majority of students will see a near 100 per cent rise in the cost of university tuition, without any of the benefits that variable pricing and a market would have brought. Currently, tuition fees are capped at £3,290. However, the compromise – described as a “dog’s dinner” by one Tory backbencher – are unlikely to quell a small but politically significant backbench rebellion among Liberal Democrat MPs. Former party leader Charles Kennedy spoke out against the plans yesterday, although deputy party leader Simon Hughes – who has previously voiced his opposition – was keeping his counsel. Higher fees will move the cost of funding degrees from the government to the student, at a time when the coalition is cutting spending on universities by 40 per cent. Willets said the earnings threshold for repaying student debt would rise to £21,000, with graduates expected to contribute nine per cent of their income above this level. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content last_img read more

Vodafone ordered to deposit £1.5bn in Indian tax dispute

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com India’s top court on Monday directed Vodafone to deposit 25bn rupees (£341.6m) within three weeks in relation to the $2.5bn (£1.55bn) tax dispute, a Vodafone spokesman said.Vodafone has also been directed to make a bank guarantee worth 85bn rupees within eight weeks, the official said.Vodafone, fighting a tax bill in India over its 2007 purchase of Hutchison Whampoa Ltd’s mobile business in the country, had appealed to the Supreme Court challenging a lower court order that Indian tax authorities had jurisdiction over tax bills in cross-border deals.The tax office asked Vodafone to pay 112.18bn rupees within 30 days, but the British firm said it “strongly disagrees” with the calculation. Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Vodafone ordered to deposit £1.5bn in Indian tax dispute center_img whatsapp Show Comments ▼ Tags: NULL John Dunne Monday 15 November 2010 3:20 amlast_img read more

Hardy rejects new Beazley bid

first_imgMonday 15 November 2010 4:38 am Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life Hardy rejects new Beazley bid whatsapp Hardy Underwriting has rejected a new offer from Lloyds of London insurance group Beazley.Hardy rejected an initial offer three weeks ago. The new offer of 330p a share is up from the 300p a share bid first time round. Tags: NULLcenter_img Show Comments ▼ John Dunne whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

No interest in bid for Prudential’s Far East assets, says new AIA chief Tucker

first_img whatsapp No interest in bid for Prudential’s Far East assets, says new AIA chief Tucker Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap whatsapp KCS-content Show Comments ▼center_img Sunday 12 December 2010 10:17 pm MARK Tucker, the new chief executive of Asian insurance business AIA said this weekend the company has no interest in making a bid for Prudential’s Far East assets, ending speculation about a multi-billion pound take over battle. AIA is focused on organic growth and is looking at tactical opportunities rather than a major acquisition, he told the Sunday Telegraph.AIA was the subject of a takeover bid from Prudential, which collapsed in the summer after shareholders raised concerns that the $35bn (£22.14bn) bid for the firm was too high. Prudential’s chief executive Tidjane Thiam has said privately that he launched the takeover bid for AIA because he feared a takeover offer from the former AIG division if it successful floated on the Hong Kong stock market, something it achieved last month. AIA is now valued at $35bn, exactly what the Pru had offered for the firm earlier this year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Share Tags: NULLlast_img read more