View more on these topics

Santander eyes flotation of UK business

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.



RBS and Lloyds fall short on lending pledges

State-backed banks the Royal Bank of Scotland and Lloyds Banking Group are failing to meet legally binding commitments to lend to businesses that were agreed as part of government support for the two banks.

Property investment firms upbeat for 2010

Managers at property investment companies are optimistic that the upturn in property seen at the end of last year will continue, but at a slower rate.


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


News and expert analysis straight to your inbox

Sign up