Advertisement
UK markets close in 4 hours 30 minutes

  • FTSE 100

    8,067.66
    +43.79 (+0.55%)
     

  • FTSE 250

    19,730.10
    +130.71 (+0.67%)
     

  • AIM

    753.44
    +4.26 (+0.57%)
     

  • GBP/EUR

    1.1586
    -0.0003 (-0.02%)
     

  • GBP/USD

    1.2351
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    53,670.05
    +128.17 (+0.24%)
     

  • CMC Crypto 200

    1,425.14
    +10.38 (+0.73%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    81.74
    -0.16 (-0.20%)
     

  • GOLD FUTURES

    2,318.40
    -28.00 (-1.19%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,052.70
    +191.90 (+1.07%)
     

  • CAC 40

    8,092.26
    +51.90 (+0.65%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Moneysupermarket.com founder to sell 6.4 pct stake in firm

Reuters - UK Focus

LONDON, March 24 (Reuters) - The founder of financial services price comparison firm Moneysupermarket.com intends to sell up to 6.4 percent of the company's issued share capital, reducing his stake to about 10 percent.

The sale of around 35 million shares in a placing could earn Simon Nixon, who founded the company in 1993, about 100 million pounds ($148.74 million), based on Moneysupermarket's closing share price of 286 pence on Tuesday.

Citigroup (NYSE: C - news) said it would carry out the sale via an accelerated bookbuild. Following completion of the placing, Nixon will be subject to a lock-up of 180 days in respect of his remaining shareholding in the company.

Last year, Nixon cashed in to the tune of 130 million pounds, after selling 70 million shares at 185 pence. (Reporting by Sarah Young; Editing by Janet Lawrence)