BARCLAYS BANK is trying to position itself as a "white knight" for Dutch banking rival ABN Amro in its attempts to take over the company as shareholder activists are demanding the bank break itself up or merger, suggests this morning's Guardian.
Were such a deal were to go ahead, the combined group would be valued at around £80bn, allowing Barclays to eclipse Royal Bank of Scotland as Britain's second biggest bank.
The FSA is expected to force an official announcement on the deal, and any agreement is likely to require a dual listing in London and Amsterdam.
LIFE INSURER STANDARD LIFE is predicted to be announcing operating profits of over £500m later this week when it reveals its first full-year results since floating the company, says the Scotsman.
Chief executive Sandy Crombie is expected to say, like the rest of the life insurance sector, the group’s business has benefited from "A-day" pension reforms as well as strong performance from the fund management business Standard Life Investments (SLI).
AND GORDON BROWN will attempt to challenge Conservative leader David Cameron's green credentials in what as his final budget by proposing incentives to tackle climate change, continues the Guardian.
It is suggested the chancellor’s budget speech on Wednesday will contain incentives to encourage people to install solar panels, wind turbines and other carbon-free sources of energy in their homes by exempting from income tax any money made by selling excess power back to the national grid.
He is expected to increase road tax on the worst polluting vehicles while reducing excise duties for owners of more fuel-efficient so so-called "gas guzzlers" bought new since April are expected to see car tax double to over £400 over the next two years.IFAonline
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