Cox: offer update

The Cox acquisition vehicle Fieldstreet today announced that by 9.00 am on 24 June 2005, it had received valid acceptances of 90.44% of the motor insurance specilaist’s shares. The offer will remain open until further notice.

As reported in Post Magazine last month (Utley to wipe out PLC costs in private move, PM, 5 May, p6) Fieldstreet intends to procure an application by Cox to the UK listing authority for the

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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