Profits at British arm rise 67% but long-mooted flotation not expected in the next two years, says CEO

The spin-off of Spanish bank Santander’s UK arm has been pushed back for a number of years, the CEO of the British operation has revealed.

Nathan Bostock said on Thursday he did not expect the flotation of the business, first mooted five years ago, to take place “for the next couple of years”. When Bostock was hired from Royal Bank of Scotland last year it was regarded a sign that a sale was back on the cards.

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Source: The Guardian Circular Economy RSS