Millfield

Millfield has revealed preliminary takeover talks with an unnamed third party have been terminated.

The Financial Services Authority has fined Paul Tebbutt, chief executive of financial advisers Millfield Partnership, £35,000 for providing misleading information to the City Watchdog over Millfield's application to merge with Inter Alliance.

Millfield has sold its interests in RST Group and RST Audits back to the principal shareholder and managing director of the RST Group.

Millfield has announced it has received a preliminary approach from a third party which may lead to an offer being made for the company.

Insurance giant Aviva has released final results for 2005 revealing operating profits are up 25% on the previous year and suggested it may be looking to drive an imminent takeover, but financial adviser group Millfield has admitted it failed to hit promised...

Millfield has sold its stake in Lifetime Group for £9m to Norwich Union (NU), increasing the provider's majority stake in the firm from 71.3% to 97.4%.

A new wrap platform offering investment aggregation has hit the UK market as Lifetime Group has officially launched the Bigger Picture.

Lifetime Group, the wrap platform provider 70% owned by Norwich Union since a £13m deal announced last October, has lined up Millfield and Tenet as the first national IFA groups to adopt its technology.

Adviser firm Millfield has set up a series of seminars around the country to go over the arguments for and against different business models made possible by the regulatory changes pending through depolarisation.

The Exchange has made it two in a row to add a contract win to power IFA Millfield's multi-tie operation in addition to the previous agreement covering the distributor's whole of market advisers.