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...Typically, private equity groups aim to hold assets for about five years....
...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...
...Aviva and Phoenix Group did not provide figures when asked by the Financial Times....
...The combination of the business units brings together 8mn customers under a single group and enables Phoenix to generate benefits from its capital model....
...Big share moves in Europe today include UK life insurance group Phoenix, Polish supermarket chain Dino and UK sportswear retailer JD Sports: Phoenix Group: Shares in the UK pensions and savings provider...
...Wanblad has said that “nothing is off the table” when it comes to asset sales or other options to restructure units, of which De Beers and the platinum group metals division are the most troubled....
...HOLD: Phoenix Group (PHNX) An indifferent set of results and an unfortunate private equity stake puts Phoenix insurance under pressure, writes Julian Hofmann....
...universities are now being deployed to the front lines, helping US cities attract the biggest capital investments with the promise of a skilled workforce that has become central to the ability of tech groups...
...Pension group Phoenix will release annual results....
...Serkan Kaptan, chief executive of TAV, which operates several major airports in Turkey, said the group had been “laying the foundations for growth . . ....
...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....
...Chinese group Xiaomi added 11 per cent after unveiling its first electric vehicle. Trip.com, a mainland travel booking company, rose 9.2 per cent....
...High inflation has provided a boost to the UK’s retirement sector, as rising pay awards increase the amount that people are putting into their pension, according to FTSE 100 life insurance group Phoenix....
...The letter from Phoenix Law, seen by the Financial Times, said the group had applied in December and was told on February 8 that the application had been signed off by a panel of industry experts and referred...
...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....
...France’s Thales has reported an 11 per cent jump in annual operating profit to €2.1bn, exceeding the level seen before the pandemic for the first time since 2019 as it benefits from a recovery in civil aviation...
...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....
...Dermatology group Galderma, controlled by Swedish buyout group EQT, revealed it is seeking to raise $2.3bn in an IPO on the Swiss bourse....
...Tritax Management, a specialist fund manager backed by Abrdn, would take over the running of the combined group, which would have a market capitalisation of £3.9bn and a portfolio of £6.3bn, the companies...
...These efforts, combined with International Bank for Reconstruction and Development’s recent release of sovereign default and recovery rate statistics, means that the World Bank Group will continue to support...
...Despite input from two CEOs and multiple activist investors, radical ideas for recovery are thin on the ground....
...New Delhi is pushing state-owned mining groups to pursue mineral reserves in South America and Africa as well as inviting bids to develop domestic mining blocks....
...Phoenix Group: the FTSE 100 life insurer led risers on the region-wide Stoxx Europe 600 index, up almost 8 per cent in early trade after raising its cash generation target British Land: the property group...
...Jean-François van Boxmeer, head of the European Round Table for Industry lobby group, said the NextGen EU recovery fund — often touted as a European precursor to US President Joe Biden’s Inflation Reduction...
...China’s industrial activity jumped 7 per cent at the start of the year, boosting hopes of an economic recovery after a period marked by deflation, low consumer confidence and a property cash crunch....
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