Latest news with #Jersey-based
Yahoo
11-06-2025
- Business
- Yahoo
Oakglen Wealth buys Jersey financial planning firm
Independent investment manager Oakglen Wealth Holding, a subsidiary of Oakglen Group, has announced the acquisition of Homebuyer Financial Services (HBFS), a Jersey-based independent financial planning firm. Homebuyer Financial Services is regulated in Jersey by the Jersey Financial Services Commission to carry out investment business. It has been in business since 1988. The independent, regulated advisory company has expertise and knowledge in financial planning and services. This move is set to broaden Oakglen Wealth's services to encompass comprehensive financial and retirement planning, in addition to its primary wealth and investment management offerings. As part of the deal, Michael Barney, managing director of HBFS, and Marzena Dziewulska, director and partner of HBFS, will provide advisory support during the transition period. The acquisition is stated to ensure service continuity for HBFS clients, as all staff members will remain with the company. Oakglen Group head of Wealth Management Jamie Crawford said: 'Our goal has always been to provide clients with the highest quality advice, built around their individual needs. Bringing HBFS into the Oakglen Wealth group allows us to extend our services to include expert financial and retirement planning, while staying true to our core values of independence and personalisation. We look forward to welcoming the HBFS team and I look forward to working with Michael and Marzena to achieve a smooth handover.' HBFS managing director Michael Barney said: 'We are delighted that the sale of HBFS to Oakglen has completed. This is great news for HBFS clients as Oakglen will offer fresh solutions to HBFS clients. I am aware that I have personally looked after a number of clients for many years and I am excited to continue to work with Oakglen Wealth and HBFS going forward.' Oakglen Wealth combines service orientated discretionary and advisory investment management. The company says its investment strategies and related services meet all of its clients' needs. In June 2024, Oakglen Wealth formed a partnership with Toscafund Asset Management, an expert investment manager, to create an inheritance tax solution that includes an Alternative Investment Market portfolio service. "Oakglen Wealth buys Jersey financial planning firm" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
IOL News
27-05-2025
- Business
- IOL News
Harmony Gold ups renewable energy play with R1bn copper deal
JSE-listed Harmony Gold has bought an Australian copper mine at a time when the metal, a crucial material as the world moves to renewable energy, is closing in on a five-year high. JSE-listed Harmony Gold has bought an Australian copper mine at a time when the metal, a crucial material as the world moves to renewable energy, is closing in on a five-year high. The gold-copper producer, with assets in Australia, Papua New Guinea, and South Africa, acquired MAC Copper for $1.03 billion (or about R18.4bn at the time of the deal). MAC Copper, headquartered in Jersey, owns CSA Mine in regional New South Wales, which it says is one of Australia's highest grade copper mines. CSA Mine produces about 40,000 tonnes of copper each year and is MAC's only asset. The Jersey-based miner is developing the Merrin Mine, which is located in the upper parts of CSA and is expected to provide additional copper and zinc production.
Daily Mirror
25-05-2025
- Entertainment
- Daily Mirror
Gary Lineker splashes £1.6million on new homes as he quits Match of the Day
Gary Lineker is leaving the BBC tonight after apologising for sharing and then deleting a post on his Instagram Gary Lineker has scored a brace ahead of his BBC exit - by completing two property deals worth £1.6million. The 64-year-old will step down as host of Match of the Day tonight after 26 years in the presenter's seat and will leave the BBC altogether. The former England footballer, with an estimated net worth of around £30million, has snapped up the properties in leafy Surrey. On May 2, Lineker forked out £1million for a 6,700 square foot plot of land in Cheam village, which comes complete with outline planning permission to build eight apartments. The permission has been granted to build a selection of one, two and three bedroom properties. He has also splashed out £630,000 on a four bedroom detached house in Coulsdon. Lineker has taken out mortgages for both property deals through Jersey-based company Hambury Limited. The presenter and builder friend George Constand set up their property development company, called GCGL Properties, in 2020. Lineker was due to leave the Beeb in 2026 after next season's FA Cup and World Cup. However he is exiting the broadcaster early, after apologising for sharing and then deleting a post on his Instagram account from the group Palestine Lobby, illustrated with a picture of a rat, which prompted calls for him to be sacked from the Campaign Against Antisemitism (CAA). Lineker said: " Football has been at the heart of my life for as long as I can remember – both on the pitch and in the studio. I care deeply about the game, and about the work I've done with the BBC over many years. As I've said, I would never consciously repost anything antisemitic – it goes against everything I stand for. "However, I recognise the error and upset that I caused, and reiterate how sorry I am. Stepping back now feels like the responsible course of action.' In addition to the apologetic statement released by the BBC, on an instagram video Lineker referenced a post he previously shared about Zionism, which he deleted, and which had featured a picture of a rat. Sat looking stony faced, he said: "Unfortunately, I did not see the emoji. If I had, I would never, ever have shared it. The minute I was made aware, I quickly deleted the post and went on to make an apology." He added: "I would like once again to say I'm sorry, unreservedly, for the hurt and upset caused, it was a genuine mistake and oversight, but I should have been more diligent, I know that. "I've stood up for minorities and humanitarian issues and against all forms of racism all of my life, including, of course, antisemitism, which I absolutely abhor. There's no place for it and never should be." Dad of four Linker, who lives in a £4million home in leafy Barnes, south-west London, will also be focusing on his esteemed Goalhanger Podcasts, which consists of shows including The Rest Is Football, which he hosts alongside MOTD pals Alan Shearer and Micah Richards, The Rest Is Politics and The Rest Is History. Astonishingly, his pods receive over 40million downloads a month. In an interview last month he said when he left the BBC he did not expect to work as much on TV anymore, meaning he will have more time to work on any future additions to his property portfolio. Lineker will be replaced on MOTD by Kelly Cates, Mark Chapman and Gabby Logan from next season. They are also amongst the favourites to take his other job fronting live football for the BBC.
Yahoo
17-05-2025
- Sport
- Yahoo
Channel Islands cruise to 10-try Sweden victory
The Channel Islands rugby team won their first-ever match as they beat Sweden 66-28. The game at Guernsey's Footes Lane came a fortnight after Jersey had beaten their old rivals in their annual Siam Cup fixture. A combined side - with eight Guernsey and seven Jersey players in the starting line-up - proved too strong for the side 31st in World Rugby's international rankings as they scored 10 tries. The islanders wasted no time as they raced into a 14-0 lead after 11 minutes as Dom Rice and Guernsey compatriot Anthony Armstrong scored tries. Aron Qvarnstrom pulled a try back for the Swedes midway through the first period but Charlie Simmonds and Armstrong went over in quick succession to make it 28-7 after 26 minutes. Axel Kalling Smith and David Hill scored two tries in three minutes for the Swedes to reduce the gap to seven points before Simmonds and Ethan Smith scored for the islands in the final moments of the half as they led 40-21 at the break. Hopes Jersey and Guernsey rugby sides combine each year Jersey and Guernsey join forces for historic rugby match Guernsey hooker Tom Ceillam got the Channel Islands' seventh try two minutes after the restart before Joar Blanc got Sweden's fourth try five minutes later. Scott van Breda intercepted a 58th-minute pass and raced in from inside his own half for the eighth home try of the night - the former Worcester Warriors and Western Province player becoming the first Jersey-based scorer of the night. Dan Barnes had a ninth try disallowed soon after as the islands' forwards dominated the game, but Armstrong sealed his hat-trick moments later to make it 61-28 with eight minutes left. Jersey forward Euan Spencer forced his way over from close range in the final moments to wrap up the victory.
Yahoo
14-05-2025
- Business
- Yahoo
‘Significant doubt' revealed over Bank of London's ability to keep operating
The Bank of London, the fledgling clearing bank formerly backed by Peter Mandelson, has revealed it is under investigation by UK regulators, with auditors saying the fallout could throw 'significant doubt' over its ability to keep operating. The news is a fresh blow for the troubled fintech, which has lost its founder and leading board members, including Lord Mandelson and US private equity boss Harvey Schwartz, and halved its workforce since being thrust into the spotlight in September over an embarrassing winding-up petition by the UK tax authority over unpaid debts. The Bank of London (BoL) accounts, filed seven months late, now reveal that it is under investigation by the Bank of England's regulatory arm, the Prudential Regulation Authority (PRA), over potential breaches that pre-date the autumn debacle. Related: Calls for Russia's frozen assets held in Belgium to be used in rebuilding Ukraine 'The firm has been notified by the PRA that it is under investigation in relation to certain historical matters that occurred prior to the change in ownership of the group,' accounts filed at Companies House said. A Jersey-based firm, now known as Fellesskap Group & Holdings, took over as its parent company in May 2024. BoL said it was too early to say how much money it may have to put aside to deal with the continuing investigation. It said it was cooperating with the PRA and had launched its own internal investigation 'into the matters in question'. The revelations came as the bank reported a £12m loss for 2023, in accounts for which auditors at EY would only give qualified support, in part owing to 'inadequate historical records' over a share option plan for staff. Auditors are now concerned about the bank's ability to keep operating. EY said there were questions over the potential fallout of the regulatory investigation and whether the company would be able to raise adequate funding in future. 'There are material uncertainties relating to events or conditions that … may cast significant doubt on the company's ability to continue as a going concern,' the accounts said. As a clearing bank, the BoL does not offer loans but provides clearing and settlement services for business customers, providing the plumbing that allows transactions and payments to take place. It became only the second clearing bank to enter the UK market in 250 years when it launched in 2021, with an aim of disrupting the big four – NatWest, Lloyds, Barclays and HSBC – which maintain a stronghold on this part of the UK financial system. BoL was valued at $1.1bn (£826m) in 2023 and was previously known for its ties to the Labour party. Its founder, the former Barclays executive Anthony Watson, served on the party's business and enterprise advisory council before last summer's general election, while Mandelson, now Britain's ambassador to the US, served on the board as BoL's deputy chair before stepping down last year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
