Page 18 - Embark Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

11 th May 2021 8:22 am Good morning and welcome to your Morning Briefing for Tuesday 11 May, 2021. To get this in your inbox every morning click here. Covid-19 takes toll on most vulnerable One of the brutal truths of the past year has been how the pandemic has exploited existing inequalities within society. Covid-19 has been especially relentless in the way it has picked apart weaknesses within the state. Those fortunate enough to have better paid jobs and the ability to work from home have been less exposed to the virus. That fact is shown up in a survey that shows 72% of the UK populatio...

LONDON BRIEFING: Provident Financial to exit home credit "entirely" Mon, 10th May 2021 08:07 (Alliance News) - Subprime lender Provident Financial on Monday confirmed it plans to get out of the home credit business one way or another, placing the division into run-off and considering a sale. Bradford-based Provident earlier this month had said its review of the business was nearing completion, following press reports that it would wind-up both the home credit unit and online lending arm Satsuma to focus on its credit card business, Vanquis Bank, and its car finance operation, Moneybarn. Provi...

PRESS: Lloyds close to GBP400 million takeover of Embark Group Mon, 10th May 2021 07:33 (Alliance News) - Lloyds Banking Group PLC is in talks to acquire savings and retirement products provider Embark Group for GBP400 million, Sky News reported on Saturday. The high-street lender is in advanced talks to finalise what would be its biggest corporate acquisition since it was returned to full private ownership four years ago, Sky News said. An announcement could come as soon as this month, it said, citing "City sources". If completed, the takeover will result in significant payouts for some of t...

LONDON MARKET CLOSE: Strong pound hurts FTSE as lockdown set to ease Mon, 10th May 2021 17:00 (Alliance News) - Stocks in London ended lower on Monday, with the internationally-exposed FTSE 100 stifled by an appreciating pound, as the UK prepares for further easing of lockdown restrictions next week. The Covid-19 alert level in the UK has been downgraded after a "consistent" fall in cases, hospital admissions and deaths. The four chief medical officers of the UK have said the threat level should be lowered from "level 4" to "level 3", thanks to the success of the vaccination programme and so...

It is understood to be in exclusive talks to buy Embark Group, which manages £38billion of savings and retirement products. Talks are understood to have started last year/