The recent privatization of Royal Mail creates an 'equity culture' in the UK. The strong demand for Royal Mail shares could become the watershed moment where retail investors return to share sales.
United Kingdom
Previ to utilize fund managers to diversify asset base
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
KKR approves acquisition of Avoca Capital
New York-based private equity company KKR agreed to buy Avoca Capital for an undisclosed amount. Private equity firm KKR & Co has approved the deal to purchase Avoca Capital.
BBC revamps Worldwide offerings Earth and First, will introduce new one in coming months
BBC Wordlwide would reintroduce its BBC Earth and BBC First offerings starting 2014. Today, The British Broadcasting Corporation (BBC) Worldwide had disclosed its plans to relaunch some of its existing offerings.
Wonga acquires Germany equivalent of PayPal to expand its payment business
In its announcement today, Wonga said it had acquired Germany online payments service BillPay for an undisclosed amount.
Latest News
The staff of Royal Mail Group Ltd. had voted to go on strike after less than a week the company had launched its IPO, claiming the public debut would put jobs at risk in the company.
JP Morgan Chase & Co. had admitted wrongdoing and agreed to pay USD100 million settlement regarding the disastrous London Whale trade, said a report from Reuters.
Neil Woodford leaves Invesco after 25 years of service for a still unannounced firm of his own. The overseer of the largest equity fund in the United Kingdom, Neil Woodford, had announced his departure from Invesco Perpetual after 25 years of service to manage his very own firm.
Britain's Chancellor of the Exchequer George Osborne announced via a Twitter post that Industrial and Commercial Bank of China (ICBC) would be issuing a yuan-denominated bond on the London bourse next month.
Burberry Group announced in a statement on Tuesday that chief Angela Ahrendts would be leaving the fashion house next year.
On Tuesday, the Burberry Group said chief creative officer Christopher Bailey would be adding another responsibility as chief executive officer in the middle of next year.
Baird Capital's portfolio firm MedPlast had bought Orthoplastics together with co-investors JZ Capital Partners and River Cities Capital Funds.
Palatine Private Equity had purchased a GBP 16 million minority stake in Bolton-based Forrest. UK-based investment firm Palatine Private Equity bought a GBP 16 million minority stake in social housing contractor Forrest.
The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
