Bidders line up for Abbey life...
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Spain s Santander Central Hispano plans to raise an initial 1 billion pounds from the sale of closed-life books owned by Abbey National (LSE: ANL.L - news - msgs ) , the Sunday Times says.
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A preferred buyer for the National Irish and Northern banks is expected to be announced by their parent this morning. National Australia Bank is due to make an announcement to the stock exchanges in Melbourne and London.
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The former co-chairman of Santander Central Hispano, which has made an 8.32bn ( 12.3bn) agreed bid for Abbey National, receives an annual pension of 5m and also has use of an office and secretary.
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A trio of media tycoons are plotting a possible takeover bid for the ITV television network.
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Producers are ready to shell out big bucks to keep their   House in order.
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Â· Rose also promised Â£4.5m in shares if targets are met  Â· Shopworkers in line for payouts of Â£500 each
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First time buyers will be offered new help to afford a plan under plans being unveiled by John Prescott.
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Business & money: Deal could trigger takeover bid for seller Whitbread.
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Bids are expected on Thursday for Fordâs Jaguar and Land Rover units from a variety of companies, including private equity firms, and possibly other automakers.
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A string of bidders are vying to pay around $5bn (Â£2.6bn) for a chunk of prime real estate in Lower Manhattan.
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A string of firms are expected to unveil proposed takeover bids for Jaguar and Land Rover.
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The new owners of Abbey National, Banco Santander Central Hispano, yesterday appointed their own man to head up their Â£9.1bn acquisition and pledged not to close any of Abbey&#39;s 740 branches.
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Spain&#39;s Santander Central Hispano plans to raise an initial 1 billion pounds from the sale of closed-life books owned by Abbey National, the Sunday Times says.
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Abbey National faces a high court challenge to its Â£9bn takeover by Banco Santander Central Hispano because of concerns about criminal charges faced by executives of the Spanish bank.
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Santander Central Hispano&#39;s Â£8.6bn ($15.3bn) bid for UK lender Abbey will help create a single regional financial market, the European Union (EU) said.
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LONDON : Banco Santander Central Hispano (SCH) underlined its determination to win the battle for Abbey National by announcing plans to sell part of its stake in Royal Bank of Scotland (RBoS).
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