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Related Special Reports
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Phoenix Group has bought a minority stake in London venture capital firm Hambro Perks as the UK’s largest savings and retirement business seeks to increase access to fast-growing private companies for its...
...The company reported increased revenue and record visitor numbers, with 1.3mn people coming to the estate each week on average....
...Corporate insolvencies in England and Wales fell sharply in March, registering the first annual decline since July last year....
...Aware, as we all are, of how faulty new technology led to the recent appalling miscarriages of justice, I’ve recently found myself returning to the museum regularly to be cheered by the displays of more...
...While exposure to private equity has so far largely been a boon to bank balance sheets, higher interest rates and a worsening macroeconomic environment could pose new risks....
...In a speech on Monday, the Bank of England’s Nat Benjamin reminded us that 2.2mn people in the UK work directly for private equity portfolio companies....
...The public launch of Britain’s biggest new indoor arena has been delayed after an unfinished electrical system prompted concerns about safety....
...Intel has had a presence in the region for more than four decades and is now expanding significantly — pumping $20bn into two new fabs in Chandler, in Phoenix’s south-east....
...England has the highest rates of alcohol consumption among school children, according to a study of more than 40 countries by the World Health Organization....
...However, this has been read by some in the market as a signal that sellers are hopeful that they can wait for better prices after the Bank of England lowers borrowing costs....
...In fact, most of the news away from the half-year results contained an element of unfortunate timing, and not just for Phoenix....
...Like really, we should be thought of as an AI or robotics company....
...News round-up Lenders flying blind on private equity risk, Bank of England warns (FT) Employee non-compete agreements barred by US regulator (FT) IBM nears deal for cloud-software provider (WSJ) Tesla...
...But anyone surprised that a venerable auction house, which traces its history back to 18th century England, is now taking the financialisation one step further by securitising those loans, clearly doesn’...
...Baroness Nicky Morgan, chair of the Investment Delivery Forum, which includes groups such as Aviva and Phoenix, said the next stage for insurers would be to start pilot investment projects with local and...
...This will go to innovative companies, with the aim of unlocking more than £1bn of total private capital.Pensions provider Phoenix Group will match the £250mn investment....
...New business net fund flows, a measure of the amount of new money that the company was given to manage, rose 72 per cent to £3.1bn. Overall, Phoenix’s operating businesses generated £898mn of cash....
...Then the coronavirus pandemic took the company to another level, as breakdowns in global supply chains created shortages of new cars that in turn boosted demand for used cars....
...This was driven by a surge in prescriptions of Sandoz’s Hyrimoz, CVS’s preferred biosimilar, which was given to more than 10,000 patients in the week ending April 12, pushing biosimilars’ share of new Humira...
...“The UAE views data as the new oil,” the person said. “It realised that it had to find a new way to exist between the US and China because of US concerns about Chinese tech....
...Bonuses are discretionary, reflecting the logic that team members across the companies contribute....
...“Ambulance and A&E delays can cost lives, staff are trying to mitigate safety risks day in and day out but care that was unthinkable a decade ago is at risk of becoming the new normal,” he said....
...But a New York listing would do little to solve Wood’s woes. Given its £971mn market value, it is not clear what US index it would get into....
...The agreement follows an abortive takeover bid for UKCM by Picton Property Income, which pulled out after Phoenix said it would not support the deal. React News first reported the deal on Friday....
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