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The information below comes from the UK Activity Report.
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Abbey National Bibby Financial Services has acquired Abbey National's factoring business, which will involve the transfer of £32m worth of assets controlled from sites in Leeds and Poole. 04-Dec-2003 Computacenter has won a £70m outsourcing contract from Abbey National, which will involve managing IT and staff computing services across the bank's UK operations. 04-Jul-2003 Abbey National has awarded a £125m contract to BT for the outsourcing of its telecoms infrastructure, which will involve the transfer of about 50 staff. 04-Feb-2003 Eurotunnel has acquired Abbey National March Leasing, the aircraft leasing company, for £345m. 23-Dec-2002 Lloyds TSB is to buy two contract fleet hire businesses, which lease 73,000 cars to large companies, from Abbey National for £46m. 19-Apr-2002 Abbey National is planning to open banking outlets in about 20 Homebase DIY stores, with the first test branch opening in Liverpool this week. 25-Mar-2002 Abbey National has formed a £400m facilities management joint venture with Stiell to manage the bank's properties under a 10-year contract. 02-Nov-2001 Abbey National and Bank of Scotland have abandoned their plans for a merger, but talks could resume if the Lloyds TSB bid for Abbey is blocked by regulators. 01-Mar-2001 Lloyds TSB has announced a formal £19bn takeover bid for Abbey National which could lead to the loss of 600 branches and 9,000 jobs, but Abbey has rejected the offer. 01-Feb-2001 Lloyds TSB is considering plans to launch a bid for Abbey National, which is currently in merger negotiations with Bank of Scotland. 06-Dec-2000 Abbey National is to acquire Scottish Provident, the life assurer, for £1.8bn, but Scottish Provident's 38% stake in Aberdeen Asset Management will be sold off before the deal is completed. 04-Sep-2000 Great Universal Stores is selling its Highway Vehicle Management business in the US to Abbey National for £170m, and has also announced plans to close its General Guarantee Finance division with the loss of 600 jobs. 02-Aug-2000 Stagecoach has announced a conditional agreement to sell its Porterbrook train leasing business to Abbey National for £773m, and will use the proceeds to reduce debt. 04-Apr-2000 Abbey National is acquiring a 50% stake in PSA Finance, the joint venture with Peugeot that provides finance for car dealers, for £12m. 08-May-1999 British Airways has launched a new scheme to provide loans to passengers to fund their holidays, in a joint venture with Abbey National's First National Tricity Finance division. 05-Apr-1999 Abbey National is paying £347m to acquire three businesses from National Westminster - Lombard Motor Finance, Lombard Tricity Finance and Lombard Business Equipment Leasing. 19-Nov-1998 Safeway and Abbey National are to create the UK's largest in-store bank network, and 160 jobs will be created as the scheme is rolled out to a further 25 Asda branches over the next year. 02-Sep-1998 Abbey National has acquired TSB Factors, the factoring and invoice discounting business, from Lloyds TSB for undisclosed terms and will rename it First National Invoice Finance. 17-Apr-1998 Abbey National is acquiring Whitechapel Corporate Services, the consultant specialising in company car benefits, from Sedgwick for undisclosed terms. 20-Jan-1998 Safeway is launching a direct savings account in conjunction with Abbey National, using tiered interest rates rather than the flat rates offered by Sainsbury and Tesco. 17-Jan-1998 Willis Corroon is to merge its independent financial adviser business with that of Abbey National, creating the second largest such business in the UK. 06-Aug-1997 Safeway is planning to introduce banks into its stores in a joint venture with Abbey National, starting with a trial in Leicester. 01-Jul-1997 Abbey National is to acquire Cater Allen, the private banking group, for £191m in order to boost its offshore banking and treasury services divisions. 27-Jun-1997 Abbey National is in talks that could lead to it acquiring Cater Allen, the former discount house and merchant bank, for up to £200m, as it is said to be interested in the offshore investment business and Cater Deal. 16-Jun-1997 Safeway has launched a debit card account with Abbey National, and will later introduce debit cards with overdrafts and Visa cards. 11-Feb-1997 Prudential has made a takeover bid of £1.9bn for Scottish Amicable, thus topping the offer made by Abbey National. 06-Feb-1997 Abbey National has made a takeover approach for Scottish Amicable, the life assurer which recently announced plans to shed its mutual status. 31-Jan-1997 Safeway, the supermarket chain, is to launch an interest-bearing debit account service called ABC Bonus, in conjunction with Abbey National. 28-Nov-1996 Abbey National is to set up a Hong Kong-based bank in a joint venture with Hambros Bank and Dah Sing Financial Holdings, and aimed at the "medium-high net worth market". 21-Nov-1996 Abbey National has acquired Elton Holdings, the contract car leasing concern, for £9.9m. 14-Aug-1996 Midland Bank, Abbey National and the Halifax Building Society have announced an alliance to share their automated teller machines, thus giving customers more locations to withdraw cash. 12-Jul-1996 Norwich Union Healthcare is linking up with Abbey National to sell private medical insurance. 27-Jun-1996 Abbey National is acquiring Wagon Finance, the used car financing business, from United News & Media for £121m. 04-May-1996 Members of the National & Provincial building society have voted to accept its transfer to the Abbey National bank, thus losing its mutual status. 12-Apr-1996 Abbey National is considering the formation of an in-house telephone-based stockbroking operation, and it may use it to benefit from the windfall profits that National & Provincial customers will get when the Abbey National takeover goes through. 18-Mar-1996 Abbey National has identified 100 National & Provincial branches to close if its takeover goes through, and claims it would achieve cost savings of £50m. 27-Feb-1996 Abbey National has sold the commercial property agents, J Trevor & Webster, to a management buy-out. 06-Nov-1995 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007