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Finance entrepreneur goes after B&B

by Catherine Woods - Tuesday, 24th June 2008 -

Finance entrepreneur goes after B&B

Shares in beleaguered UK lender Bradford & Bingley have risen after news insurance magnate Clive Cowdery is seeking control of the company for £400m.

Cowdery’s investment fund, Resolution, will team up with other investors to inject the cash in Bradford & Bingley, which is currently trying to raise funds through a rights issue and tie-up with private equity firm TPG Capital.

Real Business’s sister publication Real Deals reported earlier this month that TPG Capital wants to take a 23 per cent stake in Bradford & Bingley, the UK’s largest buy-to-let lender, worth £179m.

Cowdery made millions when he sold insurance business Resolution Life to Pearl.

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BUSINESS NEWS >>

Businesses to run in a recession: part three

By Rebecca Burn-Callander - July 02, 2009 4:43pm GMT

Even in a recession, a good entrepreneur is always on the look-out for the next hot spot. Don’t wait around for the upturn. These are the businesses you want to be in now.

Access takes another step towards sales target

By Catherine Woods - July 02, 2009 4:33pm GMT

Access founder Alistair O’Reilly has embarked on a “brand elevation” exercise as he aims to grow turnover at his consulting and software company to £100m.

Tech entrepreneur: "The banks won't lend you an umbrella when it rains"

By Rebecca Burn-Callander - July 02, 2009 4:22pm GMT

At a roundtable hosted by Dell this morning, Real Business heard three technology entrepreneurs talk about the challenges of growing a business during the recession. People aren't the problem, they say. It's the mindset of banks and other financial institutions that needs to change if we're to come out of recession.

Government fund provides a "timely injection of capital"

By Catherine Woods - July 02, 2009 4:06pm GMT

Octopus Ventures, which invests in entrepreneurial businesses, has welcomed the governments’ proposed £1bn innovation fund, saying it will support entrepreneurialism.

Businesses confident about surviving recession

By Catherine Woods - July 02, 2009 2:36pm GMT

Most mid-size businesses believe they will survive the recession and most believe the downturn will end during the next 12 to 24 months.

Brochures on Saving and investing

BUSINESS COMMENT >>

Sir Alan Sugar: "You're hired!"

By Rebecca Burn-Callander - July 01, 2009 1:12pm GMT

Great piece by The Telegraph's Richard Tyler today about the confirmed appointment of Sir Alan Sugar to the post of enterprise tsar. "A tentative date of July 20th has been pencilled in for his hairiness to don the rabbit fur," he says.

Pre-stained underwear: the next big thing?

By Rebecca Burn-Callander - June 22, 2009 2:54pm GMT

That's right. "Pre-stained". Suspend your disbelief for a moment. Canadian entrepreneur Philip Watson founded Easy Tiger Corp to peddle underwear that has been - ahem - ready-soiled, shall we say. And he reckons these nasty knickers will be a surefire hit with "the dudes".

It can only be... the Friday Funnies

By Rebecca Burn-Callander - June 12, 2009 12:16pm GMT

As swine flu hits the headlines for the second time, the swine flu jokes are just pouring in! Laugh till you oink, readers.

Jokes. Jokes. Jokes.

By Rebecca Burn-Callander - June 05, 2009 12:14pm GMT

Further to popular demand, this week we're devoting a whole section of our jokes blog to our hapless prime minister, Gordon Brown.

Cassetteboy does The Apprentice

By Rebecca Burn-Callander - June 01, 2009 2:34pm GMT

Hats off to Broadbean MD and Real Business columnist Dan McGuire for scouting this out. An even darker side to Sir Alan Sugar is revealed in this daft mash-up.

Business Comment 

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