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...Shah must give up his control of Juniper, the 40-year-old TV production company to avoid a conflict of interest with his new role, according to people familiar with the matter....
...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...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Analysts and executives estimate that after the first two phases of the Phoenix plant reach full capacity and the company’s fabs in Japan and Germany are finished, total sales from production outside Taiwan...
...It intends to start production by late 2027 and reach 90,000 tonnes a year, half of EU supply, and 9 per cent of global production....
...That facility will be the company’s second in the US. The first, which is also in Arizona and was announced in 2020 under the Trump administration, will begin production next year....
...The company said that it “expects to have significant surplus cash at its holding company at the end of 2023, which creates further balance sheet optionality”....
...Production-line workers, quality-control assessors and machine operators seem most at risk of being replaced by AI....
...The Taiwanese company announced a $12bn investment to build a fab to the city’s north in 2020. Last December, the company increased its commitment to $40bn....
...Broker Berenberg makes the point that the key for Phoenix is its A+ credit rating from Fitch that allows the company to borrow at reasonable rates....
...It has committed to buying or building no new coal mines but does plan to expand production at existing mines....
...Jeremy Hunt said he would increase the rate of tax credit for film production companies by 5 per cent and remove the 80 per cent cap for visual effects costs....
...Briggs also pointed to a booming market for bulk purchase annuities, in which companies transfer their defined benefit pension schemes to insurers such as Phoenix, spurred by rising interest rates....
...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....
...Novo Nordisk has agreed to acquire three manufacturing sites for $11bn, as the Danish drugmaker races to expand production of the weight loss drugs whose runaway success has sent the company’s valuation...
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...Two of UKCM’s largest shareholders, insurer Phoenix and wealth manager Investec, who together own 56 per cent of the company, have given non-binding support for the deal, the company said....
...Carvana was formed as the internet spinout out of a conventional used car dealership chain named DriveTime, which had been founded by Garcia’s father and based in Phoenix, Arizona....
...adding that “production is likely to stagnate at best in the coming months”....
...UKCM’s board said it was “minded to recommend” the deal to shareholders, and had already received non-binding support from investors Phoenix and Investec....
...Antitrust experts said the deal would probably draw scrutiny from US regulators but should win approval as the companies’ combined holdings in the Permian only make up a fraction of global oil production...
...The US Federal Aviation Administration said its audit of Boeing and supplier Spirit AeroSystems found “multiple instances” where the companies allegedly failed to comply with quality requirements for manufacturing...
...“These are two of Saudi Arabia’s sworn enemies when it comes to petrol production,” he said. “It’s difficult for them to watch.”...
...The company plans to ramp up growth in the Permian as it also invests heavily in new production off the coast of Guyana, where it made a massive discovery in 2015, which has now increased to a resource of...
...TSMC announced today it will make the latest cutting-edge 2-nanometre chips in a second fabrication plant, or fab, it is building in Phoenix....
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