FTSE 100 Live: UK Stocks Set to Rise, Pound Slips Back Below $1.35
Life insurance and asset management firm M&G has struck a deal with Japan's Dai-ichi Life, under which the latter will buy a 15% stake in the UK company.
Under the strategic partnership, M&G will be Dai-ichi's preferred asset management partner in Europe.
The Japanese group intends to build the stake in M&G via on-market purchases, which will mean no change to M&G's current issued share capital.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
8 minutes ago
- Bloomberg
India Cuts Import Tax on Crude Edible Oils to Control Prices
Takeaways NEW Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. India halved its basic import duty on crude edible oils, while keeping the tax on refined forms unchanged, in a move to control local prices and support the processing industry.
Bloomberg
9 minutes ago
- Bloomberg
Palm Oil Jumps on Demand Prospects After India Cuts Import Duty
Palm oil climbed to the highest level in almost three weeks on expectations for higher demand after top buyer India cut import duties. Futures in Kuala Lumpur rose as much as 2.6% after India announced on Friday a reduction to levies on edible oils including palm and sunflower in an effort to lower retail prices. The market was closed on Monday for a holiday.
Bloomberg
34 minutes ago
- Bloomberg
Japan's 10-Year Bond Sale Sees Highest Demand in 14 Months
Demand at Japan's 10-year debt auction rose to the strongest since April 2024 as higher yields attracted investors, helping to soothe the market against a backdrop of rising rates globally. Japan's government bond futures rose 0.12 to 139.14 and 10-year bond yields fell 3 basis points to 1.475%. The bid-to-cover ratio at the ¥2.6 trillion ($18 billion) sale increased to 3.66, compared with 2.54 at last month's auction, higher than the average over the past year.
