Homeserve denies takeover talks
Homeserve, the troubled emergency home repairs company, has denied it is in talks about a possible takeover.
Homeserve, the troubled emergency home repairs company, has denied it is in talks about a possible takeover.
The firm has lost 42% of its value this year after becoming embroiled in a mis-selling scandal. Call centre staff appear to have overstepped the mark when selling customers "Complete Cover" policies. The company is also on the hook for having weak complaints procedures.
The Daily Telegraph has reported private equity firms are circling Homeserve, hoping to take advantage of its distressed share price. Homeserve has categorically denied it is, or has been engaged in, discussions which could lead to a possible offer for the company.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Paying the grandkids’ school fees could generate a shock IHT bill
Private school fees have soared as a result of the government’s VAT policy, meaning more grandparents are helping out – but what are the tax implications?
-
Number of savings deals hits record high – as interest rates slump to two-year low
Savers have more choice than ever when it comes to choosing a savings account or cash ISA. But, the interest rates on offer continue to fall. What’s next for the savings market?