Advertisement
UK markets close in 5 hours 22 minutes

  • FTSE 100

    7,841.34
    -124.19 (-1.56%)
     

  • FTSE 250

    19,402.54
    -296.35 (-1.50%)
     

  • AIM

    741.25
    -9.03 (-1.20%)
     

  • GBP/EUR

    1.1714
    +0.0003 (+0.03%)
     

  • GBP/USD

    1.2455
    +0.0008 (+0.06%)
     

  • Bitcoin GBP

    50,829.65
    -2,700.70 (-5.05%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     

  • DOW

    37,735.11
    -248.13 (-0.65%)
     

  • CRUDE OIL

    85.06
    -0.35 (-0.41%)
     

  • GOLD FUTURES

    2,389.00
    +6.00 (+0.25%)
     

  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     

  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     

  • DAX

    17,756.35
    -270.23 (-1.50%)
     

  • CAC 40

    7,933.18
    -111.93 (-1.39%)
     
Money:

How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

Canada's Fairfax to buy Brit Plc for about $1.88 bln

Reuters - UK Focus

Feb 16 (Reuters) - Canada's Fairfax Financial Holdings Ltd said it would buy Brit Plc (LSE: BRIT.L - news) , a specialty insurer and reinsurer, for about $1.88 billion to have a significant presence at Lloyd's of London.

Brit shareholders will receive 305 pence in cash per share, including any final dividend for the year ended Dec. 31.

The offer represents a premium of 11.2 percent to Brit's closing price on Feb. 16.

Fairfax Financial (Other OTC: FAXRF - news) said it has received hard irrevocable undertakings to accept the offer from entities managed by Apollo Global and CVC Capital Partners, which together hold about 73 percent of Brit's issued share capital. (Reporting by Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier)