The government must abandon its plan to introduce a power that would allow it to mandate pension funds to make certain investments, Pensions UK has said, claiming that Whitehall's failure to drop the measure would hamper competition in the open market.
The government must abandon its plan to introduce a power that would allow it to mandate pension funds to make certain investments, Pensions UK has said, claiming that Whitehall's failure to drop the measure would hamper competition in the open market.
Investment trust 3i Infrastructure said Thursday that it has agreed to sell its 71% stake in TCR, an airport ground-support leasing company, for approximately €1.14 billion ($1.3 billion) after backing the Belgian business for almost 10 years.
Cross-border payments business CAB Payments said Thursday that its board unanimously recommends that shareholders reject the "highly opportunistic" planned $297 million takeover offer from private equity shop Helios, as its business reaches "the same peak revenue levels as 2023."
A fintech investor's negligence claim against Linklaters has been dismissed, in which it had alleged that the Magic Circle firm had failed to spot a "large-scale fraud" against a company that the investor had acquired, court records show.
British insurer Aviva PLC said Thursday it will launch a share buyback program worth up to £350 million ($467 million), as part of its efforts to return excess cash to stakeholders after it reported a sharp rise in annual profit.
Specialist lender OSB Group rolled out on Thursday the imminent launch of a year-long share repurchase program designed to return up to £100 million ($134 million) to shareholders.
Government outsourcer Serco said Thursday that it will reward investors with a new share repurchase program worth up to £75 million ($100 million) as it reported improved revenue.
Grafton Group PLC said on Thursday that it has started a program to buy back shares worth up to £25 million (£33.4 million) in move to lower its share capital.
