Halifax Bank of Scotland was finished as an entity when it was taken over, a senior Lloyds boss has said.Lloyds Banking Group executive director Archie Kane told MSPs his company had examined HBOS closely before it took over the bank. Lloyds paid
LONDON - Chelsea Building Society and Yorkshire Building Society on Tuesday said they were in advanced discussions regarding a possible tie-up of the two financial lenders. Building societies, despite offering retail-banking services, differ from
LONDON - British Airways PLC and Spain's Iberia SA talked up the benefits of a proposed $7 billion merger on Friday, dismissing criticisms that the deal could increase fares, reduce competition and drag down service standards at Britain's flagship c
LONDON - British Airways needs to merge with Spanish carrier Iberia to retain its global ranking and avoid being sidelined as crisis drives airline tie-ups and cost cuts, its top manager said on Friday. The deal will create a huge group, since Iber
MADRID - Spanish carrier Iberia, which plans to merge with British Airways, posted third-quarter losses of 16.4 million euros on Friday, a sharp turnaround from last year amid falling demand due to the economic crisis. In the third quarter of 2008
The boards of British Airways and Iberia are holding separate meetings on Thursday amid mounting speculation they are close to sealing a merger to create Europe’s third-biggest airline.Shares in Iberia were up 10.3 per cent in morning trading at €2.
LONDON - British Airways said it will hold talks later on Thursday with Spanish carrier Iberia about a possible merger, following recent reports that the pair could announce a deal this week. BA confirms that the British Airways and Iberia Boards
Stocks in London struggled for momentum on Thursday, despite merger rumours and better-than-expected results from telecoms stalwart BT Group.Gains were only modest, however, following a retracement on Wall Street indices overnight. Although both the
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