AIG lines up IPO for retirement division as it inks $150bn deal with BlackRock March 29, 2022 US insurance giant AIG is lining up an IPO for its life insurance and retirements business which is expected to fetch a valuation of more than $20bn.
Credit Suisse slashes Russian exposure as lawmakers probe sanction compliance March 28, 2022 Scandal-stricken bank Credit Suisse has announced it will stop pursuing new business in Russia and slash its current exposure to the country, as it comes under fire from US lawmakers over potential breaches of sanctions rules.
Cornish Metals gets £40.5m backing to revive tin production March 28, 2022 Cornish Metals has bagged a £40.5m funding injection as it looks to revive tin production at one of the county’s iconic tin mines.
Private equity giants snap up women’s health firm Theramex for £1.2bn March 28, 2022 Investment giants Carlyle Group and PAI Partners have agreed a deal to snap up women’s pharma business Theramex from CVC Funds as they look to accelerate the firm's growth plans.
Scottish Widows slashes $2bn of tobacco and coal investments over ‘stranded assets’ fears March 28, 2022 Pensions giant Scottish Widows has announced it will scrap nearly $2bn of tobacco and coal investments over fears that they will become “stranded assets”, as investors and consumers increasingly shun the sectors.
Exclusive: Top property platforms launch trade body to combat misleading investor information March 28, 2022 A group of top property investment platforms have launched a trade body today to combat the spread of misleading investment information, ahead of a predicted flood of funding from retail investors into the space.
Government plans to take stake in Sizewell C plant in nuclear push March 27, 2022 The government plans to snap up a 20 per cent stake in a major new nuclear plant in Suffolk as it scrambles to boost the country’s energy security amid soaring energy prices and war in Ukraine.
Short sellers pile into Royal Mail after top investor feels the strain of war March 27, 2022 Short sellers are piling into bets against Royal Mail after the shocks of war in Ukraine put the squeeze on its largest investor, Czech billionaire Daniel Kretinsky.
Boots IPO still possible if private equity firms do not cough up, says owner March 27, 2022 One of the owners of high street chemist Boots says floating the chain as a standalone firm is not off the table if private equity firms do not cough up a suitable bid.
Gorillas on the hunt for fresh $500m funding injection March 27, 2022 Rapid grocery delivery firm Gorillas is looking for a fresh $500m funding injection to fuel its growth as investor cash continues to pour into the sector.