Skandia

Old Mutual has until 23 January - its latest extended offer date - to obtain the additional shares beyond the roughly 69.7% declared in its favour as of a statement put out yesterday late afternoon.

The Financial Services Authority (FSA) has got off to a faltering start in its drive to deregulate, meeting criticism from the City over its first concrete plans to scrap rules, reports this morning's Financial Times.

Skandia UK has signed a deal to sponsor Great Britain's 2008 Olympic sailing team.

As the deadline for final acceptances of the offer from Old Mutual for Skandia is now less than a week away, there are continued question marks over just what business improvements can be delivered by Old Mutual becoming the majority shareholder and moves...

A SECRETIVE hedge fund yesterday declared itself as a major player in the increasingly bitter takeover battle between London-listed life insurer Old Mutual and Skandia, its Swedish target, reports the Daily Telegraph.

The continuing cat and mouse game between Old Mutual and Skandia has taken another turn this morning with Skandia announcing it is "still of the opinion that Old Mutual's offer to Skandia's shareholders is inadequate".

Old Mutual has declared it has support from shareholders representing 62.5% of Swedish insurer Skandia in its ongoing bid for the company.

Skandia's management has come out batting hard following publication of third quarter results this morning, despite Old Mutual's own Extraordinary General Meeting yesterday, which drew strong support from its shareholders to continue the hostile bid for...

Old Mutual has extended the offer period for Skandia to 16 December 2005 following a show of support by its own shareholders for the deal.

MERRILL LYNCH, JPMorgan and Jupiter Asset Management have lost out in the battle to manage the £100m Deutsche Equity Income Trust (DEIT), reports The Times .