Hints and tips:
...The investment is being made by Phoenix’s With Profits funds....
...Standard Life acquisition five years ago....
...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....
...Much of Phoenix’s growth historically has come from acquisitions, adding closed books of life insurance business to its own operations....
...Acquisitions are only just starting to take a toll on the balance sheet, however: while Next 15 remains very cash generative, it paid £52.6mn of acquisition-related liabilities and staff bonuses in the half...
...The purchase of Pioneer, which was founded by chief executive Scott Sheffield in 1997, is the group’s biggest acquisition since it was formed through the merger of Exxon and Mobil in 1999....
...Houston-based Exxon has been on the hunt for acquisitions after amassing a substantial cash pile over the past year....
...It could use that cash to make an acquisition, buy back its own shares or pay out as a dividend — but crucially, it has that choice,” she says....
Purchase of Pioneer Natural Resources boosts US group’s Permian Basin inventory as fossil fuel debate heats up
...The Phoenix Group has named Lloyd’s of London chief investment officer Eleanor Bucks as a member of its board, effective December 1....
...Of course Nigerian problems played a big part, but the whole previous board has to take responsibility for some disastrous acquisitions and management failings....
...Leverage and basketball Phoenix Suns owner Mat Ishbia pledged more than half of mortgage giant UWM Holdings’ outstanding shares to secure loans before buying the NBA team for $4bn, Bloomberg reports....
...The Phoenix teams are just one pair of several top-tier sports franchises on the market....
...Elsewhere among 2024’s movies, the usual array of sequels includes Joaquin Phoenix’s return as DC Comics’ clown-faced villain in Joker: Folie à Deux, and the second chapter of Denis Villeneuve’s adaptation...
...Then five two-unit holdings — British American Tobacco, Phoenix, Primary Health Properties, Secure Trust and Taylor Wimpey — again juicy yields averaging about 7 per cent....
...In November, the firm announced the first close of a new £100mn debt fund, backed by investors including government-owned British Business Investments and the pension and savings business Phoenix Group....
...This month, Phoenix announced the acquisition of Sun Life UK, a run-off life insurer....
...While the media today invokes the 2008 financial crisis and the phoenix-like recovery of capital markets in 2009, for me the aftermath of the TMT bubble bursting in 2001-03 stands out....
...“One must be a handsome bird in order to fly with the phoenix,” she has often said of the relationship with Apple, citing an old Chinese proverb....
...Earlier this month, it announced the £248mn acquisition of Sun Life UK, a life insurer closed to new business....
...Denying severance payments related to acquisitions is unusual and the “for cause” clause typically requires misconduct to have taken place. Read more about Musk’s Twitter shake-up here....
...The buyer consortium, which also includes investment firm Phoenix Asset Management Partners, already owns 29 per cent of Dignity....
Social media platform’s founder gives his latest show of support for takeover
...Channon, the co-founder of Phoenix Asset Management, briefly served as executive chair and chief executive of Dignity. His involvement in the bid is the latest chapter in a storied recent history....
...Abrdn’s stakes include a holding in Indian insurer HDFC and Phoenix Group. Abrdn also sold its discretionary fund management arm to private bank LGT for £140mn, it announced on Tuesday....
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