PMI & Healthcare
Spire rejects claims Ramsay merger undervalues firm as share price dips
Spire Healthcare has issued a direct rebuttal to a Glass Lewis report which questioned the firm’s decision to accept a £1.4bn merger from Ramsay Healthcare. The letter from the Spire board rejected...
Read moreMPs launch consultation on FCA performance
The All Party Parliamentary Group on Personal Banking and Fairer Financial Services has launched a public consultation to enable people to share their opinion about the Financial Conduct Authority (FCA). In an...
Read moreCII consulting members following PFS dispute
The Chartered Insurance Institute (CII) is launching a membership consultation on the future of the body and its representative societies including the Personal Finance Society (PFS). This follows a failed attempt by...
Read moreInsurers vow to encourage mask wearing and consult staff on precautions
Some insurers are considering encouraging employees to wear face masks even after the legal obligation to do is removed. Earlier this week, prime minister Boris Johnson said that while a final decision...
Read moreNine in 10 adults in England and Wales now have Covid antibodies
The vast majority of adults in England and Wales now have Covid antibodies, according to official data. Figures released by the Office for National Statistics (ONS) revealed that around nine in 10...
Read moreFCA to remove ‘Chinese walls’ and other non-inclusive language from rulebook
The Financial Conduct Authority (FCA) is updating its rulebook to remove non-inclusive language and other potentially divisive terms. The regulator revealed its plan as part of a joint discussion paper with the...
Read moreRegulators suggest linking pay and fit and proper test to diversity action as ethnic minority numbers ‘going into reverse’
Financial industry regulators have unveiled the start of a massive push to improve diversity and inclusivity throughout the sector with warnings that in some regards things are actually getting worse. Key suggestions...
Read moreFCA needs to consider how its funding model is fair or proportionate – Bjelobaba
The Financial Services Compensation Scheme's (FSCS) funding model has come under fire for causing protection and insurance intermediaries to bail out other 'mismanaged' firms. Branko Bjelobaba, principal at consultancy Branko, spoke to...
Read moreSpire shareholders given extra week to vote on improved Ramsay offer
Spire shareholders are to be given an extra week to mull over Ramsay Healthcare's improved offer for the healthcare provider. In an announcement to the London Stock Exchange this morning, Spire revealed...
Read moreRamsay Healthcare ups bid in pursuit of Spire takeover
Australian healthcare firm Ramsay Healthcare has upped its bid in its pursuit of its £1bn takeover of private healthcare provider Spire. In late May, the firms' boards revealed they had reached agreement...
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