Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.
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Tuesday 15 June 2010
Sunday 13 June 2010
Talks between Resolution and Axa continue this week, as the Clive Cowdery-led group looks set to agree terms with the French insurer for the £2.8bn purchase of its UK life operation.
Saturday 12 June 2010
Clive Cowdery, the insurance executive behind Resolution, is close to clinching a deal to buy the UK life insurance operation of France's Axa, for between £2.5bn and £3bn. The buy-out could be announced as early as next week, after talks that have gone on for more than a month moved towards a successful conclusion over the past day or so.
Tuesday 08 June 2010
On the day that it was announced Kevin Pietersen will pull on a Hampshire jersey in anger this season, the Rose Bowl club could not muster a second miracle. Hampshire, who sit at the bottom of the County Championship First Division, had Essex on the ropes – 99 for 6, chasing an unlikely 328 to win – but rain intervened.
Sunday 06 June 2010
The Co-operative has become the second company in a week to ditch plans, through a so-called longevity swap deal, to insure itself against the risk of pension fund members living longer than anticipated.
Sunday 06 June 2010
Friday 04 June 2010
England captain Paul Collingwood will be fit in time to play for Durham in the Friends Provident t20 this month. Collingwood, who led England to victory in the World Twenty20 last month, is missing from the Test series against Bangladesh because of a shoulder injury.
Friday 04 June 2010
Adam Gilchrist is used to being in the spotlight but last night he might have appreciated a little less attention. Brought in by Middlesex to beef up their challenge for the Friends Provident t20 this season, the Australian wicketkeeper lasted just three balls – scoring two runs – before a 15,000-strong crowd saw him trudge back to the pavilion as the Lord's side were easily beaten by champions Sussex.
Thursday 03 June 2010
The Prudential insisted yesterday that it was backing its chief executive, Tidjane Thiam, and chairman, Harvey McGrath, amid mounting pressure for heads to roll after the insurer's planned $35.5bn (£24bn) takeover of its Asian rival AIA collapsed.
Monday 31 May 2010
Prudential executives were last night locked in talks with insurer AIG and US Government officials in a desperate bid to secure a cut in the $35.5bn (£24.5bn) price of Asian insurer AIA by the opening of trading in London tomorrow.
Sunday 23 May 2010
When the first ball of the first Test of the summer is bowled at Lord's on Thursday, the start of the Ashes tour will not be much more than five months distant. Like it or not, every match involving England players – or potential England players – between now and then will be examined for any implications for the winter series, and in many respects winning the World Twenty20 appears to have complicated the situation.
Thursday 06 May 2010
Prudential was left with egg on its face after an 11th-hour postponement of its £14bn rights issue raised further questions over its ability to pull off a planned $35.5bn (£23.5bn) takeover of the Asian insurer AIA.
Wednesday 05 May 2010
The life insurer Prudential will today attempt to entice investors to back its £14bn cash call with new shares being offered at a 40 per cent discount. The rights issue, which will price this morning, is being launched to fund the $35.5bn (£23bn) takeover of AIA – AIG's Asian businesses. Prudential has been battling to convince its shareholders of the merits of the deal, which will transform the company into Asia's biggest insurance group if successful.
Sunday 18 April 2010
Saturday 17 April 2010
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