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August 25, 2010

There has been considerable speculation about whether Tony Blair, the former UK prime minister and current Middle East peace envoy, is in the process of launching a private bank to service rich clients. But could the truth really be that he’s setting up a family office, asks David Bain.

There has been considerable speculation about whether Tony Blair, the former UK prime minister and current Middle East peace envoy, is in the process of launching a private bank to service rich clients. But could the truth really be that he's setting up a family office?
 
Unsurprisingly, Tony Blair's office has denied the reports in the UK media that he's setting up a private bank, but that hasn't dampened down speculation.
 

August 23, 2010

Despite wider problems in the global automobile industry, classical carmaker Morgan Motor Company has recorded strong results, as demand for its iconic convertible remains strong.

Despite wider problems in the global automobile industry, classical carmaker Morgan Motor Company has recorded strong results, as demand for its iconic convertible remains strong.

According to a report in the Financial Times that cited Company House numbers, the Malvern, Worcestershire-based company saw full-year 2009 pre-tax profit treble to £661,209 on turnover of £26.8m, up from £22.1m the year before.

August 13, 2010

A new study by the Institute for Family Business has revealed the UK’s 10 largest family businesses.

A new study by the Institute for Family Business has revealed the UK's 10 largest family businesses.

The list is headed by the Weston family-owned Associated British Foods, which had 2009 sales of £9.26 billion and includes well-known high street brands such as Kingsmill, Pataks, Primark, Ryvita and Twinings.

August 4, 2010

Banco Santander, one of Europe’s largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

Banco Santander, one of Europe's largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

The deal will give Santander an additional 1.8 million customers in the UK and is expected to be concluded by the end of 2011. 

August 28, 2008

One of the founding families of Moss Bros, the 100-year British suit retailer, has all but sold out of the business following a reshuffle of the company’s board of directors.

One of the founding families of Moss Bros, the 100-year British suit retailer, has all but sold out of the business following a reshuffle of the company's board of directors.

Moss Bros has announced that Rowland Gee is stepping down from the company's board as non-executive director, leaving the Gee family stake at roughly 0.5%, down from 8%. The Moss family currently retains a stake of about 18%.

May 30, 2008

Microsoft founder Bill Gates has taken a 3% stake in UK family-owned business Carpetright.

Microsoft founder Bill Gates (pictured) has taken a 3% stake in UK family-owned business Carpetright. Gates has made the investment through his private Cascade Investment company, which holds stakes in a diverse range of companies including family-owned Cox Communications and Warren Buffett's Berkshire Hathaway.

May 30, 2008

UK family businesses are more than twice as likely as their counterparts in France, Germany and Italy to change ownership over time.

UK family businesses are more than twice as likely as their counterparts in France, Germany and Italy to change ownership over time. This is the headline finding from a report entitled Evolution of Family Capitalism, which made a comparative study 4,000 companies in the four countries.

Between 1996 and 2006, only 30% of top UK family firms remained under control of the same family – compared to 53% in Germany, 59% in France and 71% in Italy.

May 23, 2008

Edward Timpson, an heir to the Timpson fortune, has cemented his career outside the family business after being elected as a member of parliament in the UK district of Crewe and Nantwich yesterday.

Edward Timpson (pictured), an heir to the Timpson fortune, has cemented his career outside the family business after being elected as a member of parliament in the UK district of Crewe and Nantwich yesterday. He won over 49% of the vote for the Conservative party taking a seat from Labour for the first time in a by-election since 1978.

Edward, 34, is the great great-grandson of William Timpson, founder of the €100 million family shoe repairs and key cutting business. His father, John, is chief executive of the company, and brother James is the MD.

April 28, 2008

Some of the world’s most prominent families have dominated a new list which displays the UK’s most affluent individuals.

Some of the world's most prominent families have dominated a new list which displays the UK's most affluent individuals. The list, by Rupert Murdoch-owned newspaper The Sunday Times, shows how the UK's super-rich are getting even richer as the combined wealth of the top 200 rose by €45 billion in the last year.

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