Anger as B&B defers dividend payments

Jones, Lee
June 2009
Money Marketing;6/4/2009, p8
The article reports on the warning of Shareholders' Association to independent financial advisers to expect some unhappy investors after Bradford & Bingley PLC revealed several of its bonds will not be paying out dividends in Great Britain. It states that the move of Braford & Bingley allows the nationalised bank to defer payment on its subordinated debt. According to a spokesman, neither B&B nor the government gave any explanation as to why shareholders would not be receiving dividends.


Related Articles

  • THE mortgage MOLE.  // Mortgage Strategy;7/21/2008, p34 

    The article reports developments in the mortgage industry in Great Britain. Bradford & Bingley PLC held a shareholder meeting to discuss the financial condition of the company. It is said that the 58 societies did not see much hope for more than 18 Building Societes Association members going to...

  • B&B aims to increase fee-based business. Gallagher, Rosemary // Money Marketing;4/4/2002, p60 

    Reports the plan of Bradford & Bingley to increase the fees imposed by its financial service businesses. Regulations on the payment scheme for independent financial advisers; Estimated commissions and fees in the mortgage businesses.

  • Are shareholders too greedy with dividend-paying stocks? Suter, Laura // Money Marketing (Online Edition);8/7/2015, p5 

    The article presents the views of Bank of England chief economist Andy Haldane regarding the tendency of British companies who are involved in paying out too much money to shareholders and instead failing to reinvest back into the company. Topics discussed include argument made by fund managers...

  • NEWS IN BRIEF.  // Money Marketing;2/19/2004, p7 

    Presents news concerning the British financial services industry as of February 19, 2004. Resignation of Clive Hale as chief investment officer of Skandia Investment Management; Decline in the profits of Bradford and Bingley PLC's independent financial adviser division.

  • Crawshaw takes B&B into multi-tie arena. Duncan, Chris // Money Marketing;5/27/2004, p20 

    Reports that Bradford and Bingley is ending its independent financial adviser (IFA) status and moving towards multi-ties in Great Britain. Appointment of Steven Crawshaw as replacement of Christopher Rodrigues as CEO; Plan to sell off its three IFA businesses; Comment of Crawshaw regarding its...

  • 'Charcol has room to grow'  // Money Marketing;5/27/2004, p20 

    Reports on the growth of British-based mortgage broker Charcol despite its acquisition by Bradford and Bingley. Comment of Charcol general manager Ricky Okey regarding the mutual benefits that the acquisition has brought to Charcol and Bradford and Bingley.

  • Holden Meehan urges quick deal.  // Money Marketing;5/27/2004, p20 

    Reports that Charcol Holden Meehan (CHM) director Amanda Davidson has urged Bradford and Bingley to find a buyer for CHM as soon as possible. Claim of Davidson that CHM has never been part of Bradford and Bingley's core business activities since its acquisition.

  • A&C wants its views heard.  // Money Marketing;5/27/2004, p20 

    Reports on the reaction of Aitchison and Colegrave (AC) director Brian Aitchison regarding the decision of Bradford and Bingley to sell the AC. Claim of Aitchison that Bradford and Bingley finds the right buyer for AC which will mesh with its plans for growth.

  • IFA 'jewels' are up for sell-off. Henshall, Angela // Money Marketing;5/27/2004, p20 

    Reports on the decision of Bradford and Bingley to sell its independent financial adviser businesses. Aim to become a multi-tie; Role of Bradford and Bingley CEO Steven Crawshaw in changing the company's strategy.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics