Aviva appointed internal candidate Maurice Tulloch as its new chief executive after a lengthy selection process, a choice which analysts say could herald change at Britain’s second-biggest insurer.
Barclays has ended its search for a new chairman by announcing that banking veteran John McFarlane will take on the role from next year.
British life insurer Friends Provident today recommended a £1.86bn (€2.16bn) takeover offer by investment firm Resolution.
British life insurer Friends Provident could be put up for sale after a wholesale review of the business, it was reported today.
The boss of British life insurer Friends Provident stepped down today following his firm’s failure to complete a £8.6bn (€12.19bn) merger with Resolution.
British Energy bosses stood firm today in the face of shareholder protests over the future of the troubled company.
Warnings over future liabilities at the nuclear generator British Energy were not properly heeded by a British government department, according to a report out today.
Troubled nuclear power generator British Energy announced losses of £4.3bn (€5.98bn) today after slashing the value of its power plants and warned it could yet fall into insolvency.
Struggling nuclear group British Energy showed the extent of its troubles today as it reported losses of £337m (€552m) for the last six months – equating to £1.9m (€2.94m) a day.
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