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Postscript - Penny Black's insurance week.
(From Post Magazine)
Penny was delighted to spend a night last week in the company of a number of celebrities, from cricketer Phil Tufnell to chat show host Vanessa Feltz, news reader John Humphrys to undercover TV spook Donald McIntyre.
What have this bunch of people got in common you may ask? Well, Budget's affinity subsidiary Junction assembled them together with various company executives for a night of fine wine and dining at the Royal Academy last week. Encouraged by the mere presence of Mr McIntyre, Penny decided to investigate whether there was a more far reaching motive for the event. A possible float maybe? With rates rising and Admiral already proving a hit on the stock exchange, could Budget be the next personal lines giant to list? It has a new PR team in tow and the timing looks great.
However, a spokeswoman for the company insisted: "There are no plans for a flotation at the moment". A case of watch this space, ...
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