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The Latest Breaking News from LV=

LV= starts boardroom rebuild after Bain deal failure

Insurance company LV= has moved to shore up its board in the wake of the failed sale to private equity group Bain Capital and confirmed that one of the architects of the botched attempt, chairman Alan Cook, has stepped down.

Evening Standard

LV= and Royal London abruptly end deal talks

LV= has ended takeover talks with Royal London, just days after the pair said negotiations were ongoing.

Evening Standard

Merger talks between LV= and Royal London collapse

Deal to buy mutual insurer was second attempt after US private equity firm’s takeover was blocked

The Guardian - UK

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Cost of living crisis hits household confidence; UK trade with Germany falls; FTSE 100 at two-year high – as it happened

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The Guardian - UK

LV= and Royal London merger talks end

Royal London suggested the need for LV= to merge in order to survive was overplayed and LV= said the different business models made a deal impossible.

The Independent UK

LV= chairman to step down after failure of sale to US firm

Alan Cook and other board members to leave after heavy criticism over demutualisation plan

The Guardian - UK

LV= in talks with Royal London over merger as more directors leave

It comes two months after the insurance giant’s failed takeover by Bain Capital.

The Independent UK

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LV= and Royal London confirm 'exploratory discussions' on deal

LV= members failed to vote through a proposed sale to Bain Capital last year

Birmingham Post

Royal London circles in-crisis LV= as board clear out continues

Royal London is once again circling LV= as a board clear-out at the in-crisis mutual continues.

Evening Standard

Living costs surge ‘could be hitting retirement plans of over-55s’

Confidence about retirement prospects has increased among ‘mass affluent’ consumers over the past year, bucking the general trend, according to LV=.

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