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British Business - Sept 19

PRESS DIGEST-British Business - Sept 19 Sept 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Legal & General LGEN.L has agreed to sell Cala Homes to American private equity firm Sixth Street Partners and London-based buyout house Patron Capital for 1.16 billion pounds ($1.53 billion) in cash.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Commerzbank, CVC Updates: Rogers Communications, Organon Sept 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2035 GMT on Wednesday: ** Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a takeover.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds PJT Partners, Rogers Communications, Organon, Eneos Holdings Updates: Alaska Airlines, Legal & General Sept 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1530 GMT on Wednesday: ** PJT Partners PJT.N , a boutique investment bank, has entered into an agreement to buy Dubai-based advisory firm deNovo Partners, which is led by ex-Morgan Stanley Banker May Nasrallah, deNovo said in a statement on Wednesday.
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UK's Legal & General falls after deal to sell CALA Group

BUZZ-UK's Legal & General falls after deal to sell CALA Group ** Legal & General LGEN.L shares fall 1.7% to 224.6pence ** The British life insurer to sell its UK housebuilder CALA Group in a deal worth 1.35 bln pounds ($1.78 bln) to an acquisition vehicle led by U.S. private assets firm Sixth Street Partners ** Analysts at Jefferies calculate the d
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UK Stocks-Factors to watch on Sept 18

UPDATE 1-UK Stocks-Factors to watch on Sept 18 Adds news items and updates futures Sept 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.2%. * LEGAL & GENERAL: Legal & General LGEN.L has agreed to sell its UK housebuilder CALA Group in a deal worth 1.35 billion pounds ($1.78 billion) to an acquisition vehicle led by U.S.
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Europe before the bell: The Fed, Middle East and UK CPI

LIVE MARKETS-Europe before the bell: The Fed, Middle East and UK CPI Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE BEFORE THE BELL: THE FED, MIDDLE EAST AND UK CPI European shares were set for a softer start on Wednesday with a highly anticipated rate cut by the Fed monopolising traders' attention, overshadowing risks of an escalation of Middle East tensions following de
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Legal & General sells UK housebuilder CALA Group in $1.8 bln deal

UPDATE 2-Legal & General sells UK housebuilder CALA Group in $1.8 bln deal Updates after call with L&G CEO, adds shares and analyst comments By Sinead Cruise LONDON, Sept 18 (Reuters) - Legal & General LGEN.L has sold its UK housebuilder CALA Group in a deal worth 1.35 billion pounds ($1.78 billion) to an acquisition vehicle led by U.S. private assets firm Sixth Street Partners, as the latter steps up its European investment drive.
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Legal & General Sells CALA Group In 1.35 Bln Pound Deal

BRIEF-Legal & General Sells CALA Group In 1.35 Bln Pound Deal Sept 18 (Reuters) - Legal & General Group PLC LGEN.L : LEGAL & GENERAL GRP - LEGAL & GENERAL ANNOUNCES SALE OF CALA GROUP LEGAL & GENERAL GROUP PLC: DEAL FOR AN ENTERPRISE VALUE OF £1.35BN LEGAL & GENERAL GROUP PLC - SALE TO RESULT IN £1.16 BILLION CASH PROCEEDS LEGAL & GENERAL GROUP P
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Legal & General to sell UK housebuilder CALA Group in $1.8 bln deal

Legal & General to sell UK housebuilder CALA Group in $1.8 bln deal Sept 18 (Reuters) - British life insurer Legal & General LGEN.L said on Wednesday it has agreed to sell its UK housebuilder CALA Group for 1.35 billion pounds ($1.78 billion) including debt. ($1 = 0.7598 pounds) Reporting by Yadarisa Shabong in Bengaluru; Editing by Nivedita Bhatta
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British Business - Sept 16

PRESS DIGEST-British Business - Sept 16 Sept 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The government is coming under pressure from UEFA to scrap a controversial clause that will require the new independent football regulator (IFR) to take into account "foreign and trade policy" when making decisions about club owners and directors.
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Sixth Street has emerged as frontrunner to buy Cala Group- Sky News

MEDIA-Sixth Street has emerged as frontrunner to buy Cala Group- Sky News -- Source link: https://tinyurl.com/s94h8kkx -- Note: Reuters has not verified this story and does not vouch for its accuracy
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The UK’s finance-business chasm is as wide as ever

BREAKINGVIEWS-The UK’s finance-business chasm is as wide as ever The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Peter Thal Larsen LONDON, Sept 13 (Reuters Breakingviews) - The committee studying the financial state of British business did not pull its punches. After a lengthy investigation, the government-appointed panel of economists and experts concluded UK financial institutions were less supportive of domestic companies than their rivals in Europe a
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Barclays Bank, Ferrari, Volkswagen

EUROPE RESEARCH ROUNDUP-Barclays Bank, Ferrari, Volkswagen Sept 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays Bank, Ferrari and Volkswagen on Monday. HIGHLIGHTS * Barclays Bank BARC.L : Morgan Stanley raises target price to 300p from 290p * Ferrari RACE.MI : Citigroup raises target price to EUR 360 from EUR 334 * Mercedes-Benz Group AG MBGn.DE : Citigroup cuts target price to EUR 60 from EUR 65 * Shell Plc SHEL.L : HSB
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Britain needs extra $1.3 trillion investment for economic growth, report says

UPDATE 1-Britain needs extra $1.3 trillion investment for economic growth, report says Adds UK pensions minister comment paragraphs 12-14 By Carolyn Cohn LONDON, Sept 6 (Reuters) - Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday. New British Prime Minister Keir Starmer said he wanted the economy to achieve annual growth of 2.5% when campaigning in the run-up to July 4's election - a rate that Britain ha
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Britain needs extra $1.3 trillion investment for economic growth, report says

Britain needs extra $1.3 trillion investment for economic growth, report says LONDON, Sept 6 (Reuters) - Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday. New British Prime Minister Keir Starmer said he wanted the economy to achieve annual growth of 2.5% when campaigning in the run-up to July 4's election - a rate that Britain has not regularly reached since before the 2008 financial crisis.
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UK H1 2024 BULK ANNUITY DEALS TOTAL 20 BLN STG ($26 BLN), DOWN 5% FROM H1 2023 -L&G REPORT

UK 'bulk' pension deals drop to $26 bln in first half of 2024 LONDON, Sept 5 (Reuters) - British insurance deals for corporate pensions, known as bulk annuities, totalled 20 billion pounds ($26 billion) in the first half of 2024, down 5% from a year earlier, Legal & General LGEN.L said in a report on Thursday. L&G and other UK insurers have been expanding their bulk annuity business in recent years, as companies look to unload defined benefit, or final salary, pension schemes from their balance
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British Business - Sept 5

PRESS DIGEST-British Business - Sept 5 Sept 5 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Swedish automaker Volvo Cars VOLCARb.ST scrapped its target of going all electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in its lineup at that time.
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Britain should raise pension contributions to plug 'gender gap', consultant Mercer says

Britain should raise pension contributions to plug 'gender gap', consultant Mercer says By Huw Jones LONDON, Aug 28 (Reuters) - The minimum amount that workers and employers in Britain put into pension pots should be raised to help plug a retirement cash gap between men and women, and boost investment in productive assets, pensions consultant Mercer said on Wednesday.
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Britain's insurers told to demonstrate better value for customers

UPDATE 2-Britain's insurers told to demonstrate better value for customers Adds industry reaction in paragraph 6 By Huw Jones LONDON, Aug 21 (Reuters) - Some of Britain's car, home and other insurers are still unable to show they provide good outcomes for consumers, the country's financial watchdog said on Wednesday, a year after the introduction of tougher protections for p olicyholders .
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Legal & General Appoints Clare Bousfield As Non-Executive Director

BRIEF-Legal & General Appoints Clare Bousfield As Non-Executive Director Aug 16 (Reuters) - Legal & General Group PLC LGEN.L : LEGAL & GENERAL GRP - DIRECTORATE CHANGE LEGAL & GENERAL GROUP PLC - APPOINTS CLARE BOUSFIELD AS NON-EXECUTIVE DIRECTOR Source text for Eikon: ID:nRSP6697Aa Further company coverage: LGEN.L
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