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Santander considering UK flotation

Santander is reportedly considering a flotation of its operations in the UK to raise money to fund the Spanish bank’s expansion plans.

Sources have told the Financial Times that Santander started discussing a possible flotation following an initial public offering of its Brazilian subsidiary in October.

The newspaper says that a partial sale of its UK operations, which include the recently rebranded Abbey business and Bradford & Bingley branches, would be one way of raising funds and would make up for the weak Spanish market.

Santander, which also owns Alliance & Leicester, is said to be keen to raise enough funds to expand in the UK, which the banking group has identified as a core growth market.


Platform holds trackers until base rate rises

Platform Home Loans has pledged not to increase rates on its tracker products until the Bank of England base rate rises above 1%. The lender has also cut rates on fixed rate and tracker deals to offer two-year fixed rate deals from 3.59% and two-year trackers from 2.69%.

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Health Shield launches new and improved health and wellbeing benefits

As part of its commitment to help even more companies improve employee wellness and productivity, award-winning health cash plan and wellbeing provider Health Shield has announced a raft of new and improved health benefits. From early diagnostics, detection and screening services to rehabilitation and the extension of home care support to parents, Health Shield’s range […]


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