Cazenove analysts have suggested that Resolution Life, a company chaired by Clive Cowdery that invests in life assurance funds that no longer write new policies, could put itself up for sale. Althoug... [more]

Consumer finance group Homebuy has fallen into administration despite announcing record profits only a few weeks previously. The UK company failed to secure the funding needed to continue trading from... [more]

SMIF, the Secondary Market Infrastructure Fund, is to be put up for auction this week and could sell for over £700m. The Information Memorandum has been sent out and binding offers are expected to be... [more]

Premium Credit, a UK subsidiary of Bank of America, is up for sale. According to rumours, buyout groups as well as corporate suitors are likely to take an interest in the auction; Phoenix Equity Partn... [more]

Nationwide is to acquire the Bournemouth-based Portman Building Society in a £1.2bn merger, creating a combined group with 827 branches.The merger will be the largest building society merger ever to t... [more]

Teesland has acquired Partnership Incorporations, the operator of collective property investment schemes, for £2m. Teesland will pay £1.75m in cash, £335,00 in shares and a further deferred considerat... [more]

Sumus has acquired Financial Services Advice & Support, the Dunfermline-based independent financial advice network, for an initial £859k in cash and shares. A further consideration of up to £1.141m wi... [more]

Erinaceous has acquired Keelan Westall, the Hampshire-based property insurance broker, for £19.7m. Erinaceous will acquire the company through its Hannover Park Commercial insurance subsidiary. Keelan... [more]

RAB Capital is to acquire Northwest Investment Management, the London-based hedge fund manager, for up to £20.55m. The deal comprises a cash payment of £5.2m, the issue of 13.2m RAB shares to the vend... [more]