Back to basics: Sainsbury’s gradual retreat from the British high street Retail Sainsbury’s deal to sell its catalogue retailer Argos marks the latest step in the grocer’s years-long retreat from a high street conglomerate back to its core food business. The FTSE 100 supermarket giant holds a 15 per cent market share of grocery stores, second only to Tesco. But the firm once had a sprawling business [...]
Allianz Delivers Record Result and Is Well on Track to Achieve Its Targets Business Wire 2Q 2026 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260806509750/en/ Total business volume at 45.6 billion euros, an internal growth of 5.7 percent1, with contributions from all segments. Asset Management delivers excellent growth. Operating profit rises 10.6 percent to a record level of 4.9 billion euros. Shareholders’ core net income at 2.6 [...]
AM Best Upgrades Fortegra Insurance Subsidiaries to A (Excellent) Business Wire Rating actions follow completion of the DB Insurance acquisition
L&G cheers push into private credit as profit jumps August 5, 2026 Legal & General cheered a rise in profit amid a greater push into private credit by its asset management arm. The FTSE 100 firm toasted the “continued fundraising success” across its private markets investments as it vowed to increase investment over the next two years. Total private markets assets under management (AUM) jumped by more [...]
IGI Reports Second Quarter and First Six Months of 2026 Unaudited Financial Results and Declares Ordinary Common Share Dividend August 4, 2026 International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the second quarter and first six months of 2026. Highlights for the second quarter and first six months of 2026 include: (in millions of U.S. Dollars, except percentages and per share information) Quarter Ended June 30, Six Months [...]
KKR to Acquire a 50% Stake in a Portfolio of Developed Renewable Assets from TotalEnergies Across Europe August 3, 2026 In line with its renewables business model, TotalEnergies has signed an agreement with an insurance account managed by KKR, a global leading investment firm, for the sale of a 50% stake in an already largely developed 1.2 GW onshore solar and wind asset portfolio in Europe. The portfolio’s enterprise value amounts to €1.8 billion. The [...]
Manchester United’s new stadium is a test of sports finance – but markets have a solution August 1, 2026 Manchester United’s proposed 100,000-seat stadium represents one of the largest sports infrastructure projects currently under consideration in Europe. The development is intended to become the centrepiece of a wider regeneration of the Old Trafford area, combining a new sporting venue with commercial, residential and entertainment uses. For investors, however, the defining question will be less [...]
KKR and Mirastar Complete Acquisition of Portfolio of Four Prime UK Logistics Assets from PLP July 31, 2026 KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have announced the acquisition of a portfolio of four prime UK logistics assets from PLP for approximately £170 million, totalling 1.25 million square feet. The portfolio comprises assets in Stafford, Crewe, Ellesmere Port and Wakefield, all located within established logistics markets across the [...]
KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset) July 29, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes issued by Barings Euro Middle Market 2024-1 (Reset), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of middle market corporate loans. The original transaction closed on 16 December 2024 as a static CLO. This transaction refinances the original CLO by [...]
Everest Reports Second Quarter 2026 Results July 29, 2026 Annualized 14.2% Net Income ROE and 14.9% Net Operating Income ROE Annualized Total Shareholder Return of 16.8% $559 million of Net Income and Combined Ratio of 92.0% $317 million of Underwriting Income and Combined Ratio of 90.0% from our Core Businesses* Repurchased $395 million of Common Shares During the Quarter