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Lloyds TSB becomes first sponsor of the 2012 London Olympics

Lloyds TSB has become the first sponsor of the 2012 Olympics which will be held in London.

The deal, which cost Lloyds 80m, will give the lender access and category marketing rights for Team GB and Paralympic GB for Beijing 2008 and Vancouver 2010 as well as the use of a London 2012 brandmark to be launched later this year. Lloyds TSB will also work with London 2012 on the sale and distribution of tickets.

Nigel Gilbert, marketing director of Lloyds TSB, says: “We believe the price paid was a good one. We were extremely keen to win this.”

Sebastian Coe, chairman of the London 2012 organising committee, says: “As an athlete, my parents were my sponsors and I could not have competed without their support.

“In a similar way, we cannot stage the Olympic Games in 2012 without the support of partner companies.”


SWB lending rose 23% during 2006

Scottish Widows Bank says that mortgage lending for 2006 was £1.03bn – up 23% on 2005. It also says mortgage balances as of December 31 2006 stood at £5.6bn. 2006 was Scottish Widows Bank’s 12th successive year of growth.

Pearson quits BM Solutions

Chris Pearson, sales and marketing director at BM Solutions, has resigned from his position at HBOS. HBOS could not comment on Pearson’s reasons for leaving or where he may be going. A spokeswoman for BM Solutions says: “Chris has been with HBOS for over nine years so obviously we wish him all the best in […]

Halifax says 29% of detached property owners will pay IHT

Halifax research has shown that nearly one third of detached property owners in the UK could be liable to pay Inheritance Tax. The bank says 29% of detached house prices now occur above the 2007/08 IHT threshold of 300,000 but five years ago only 16% of detached properties were sold above the then IHT threshold […]

US sub-prime giant is brought low

The New York Stock Exchange delisted ailing mortgage giant New Century Financial Corporation, the second largest funder of sub-prime loans in the US, last week.


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