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The information below comes from the UK Activity Report.
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Old Mutual Old Mutual is to shed 600 jobs in the UK over the next three years, which will mainly affect its Skandia office in Southampton. 21-Jun-2006 Old Mutual is seeking acquisitions to expand its financial services business in the UK, and is particularly interested in a life or asset management company. 17-May-2004 Old Mutual is considering plans to expand its financial services business in the UK through acquisition, in order to reduce its dependence on South Africa. 25-Feb-2003 Old Mutual is planning to acquire Fleming Offshore Banking, the JP Morgan Chase private banking business that operates from Guernsey and the Isle of Man, for £51m. 20-Apr-2001 Old Mutual is to close its Gerrard & King money broking business, and some of the 53 London-based jobs will be lost. 08-Nov-2000 Old Mutual is planning to return to the UK life assurance market next year by using the low-cost structure of its South African operation. 06-Sep-2000 Old Mutual is to acquire Gerrard Group, the financial services company, for £525m, and expects to establish a private banking service using Gerrard's banking licence. 19-Jan-2000 Old Mutual is in discussions to acquire Gerrard Group, the financial services company, for £540m, and is also interested in the acquisition of a number of asset management companies. 15-Jan-2000 Old Mutual of South Africa has sold its UK life insurance business to Century Life for £75m, which will involve the transfer of 150,000 customers. 05-Jan-2000 Old Mutual, the South African financial services group, is planning to raise about £377m through a listing in London in July, in order to fund its international expansion programme. 18-May-1999 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007