B&B to offload property services and Charcol

The change comes after a strategic review, and will see the company’s property services businesses, Charcol, and associated mid- to high net worth IFA business sold off. No price tag has been put on the deal by the company, although it says the roughly 3,500 staff affected generated some £150m in turnover but no “material contribution to group profit” last year. The sale of non-core assets is expected to be completed by the end of this year. Additional savings of approximately £40m will be made in the retained businesses of specialised lending, such as buy-to-let, and sales of fina...