United Utilities Sells 50% Holding In Meter Fit For GBP119M
30th Jul 2010 12:24
LONDON (Dow Jones)--United Utilities Group PLC (UU.LN) said Friday it has agreed to sell its 50% holding in its non-regulated gas and electricity meter ownership business, Meter Fit, to its existing joint venture partner, Marlin Acquisitions Ltd, for GBP119 million. MAIN FACTS: -The consider
Read morePRESS RELEASE: Moody's Comments On Aia Group's Re-Launch Of Ipo Plan And Management Change
21st Jul 2010 06:34
The following is a press release from Moody's Investors Service: Hong Kong, July 21, 2010 -- On July 19, 2010, American International Group (AIG) announced that it will proceed as soon as practicable with its plan to list its pan-Asian life insurance subsidiary AIA Group on the Hong Kong Stock Ex
Read morePRESS RELEASE: Moody's Comments On Aia Group's Re-Launch Of Ipo Plan And Management Change
21st Jul 2010 06:33
The following is a press release from Moody's Investors Service: Hong Kong, July 21, 2010 -- On July 19, 2010, American International Group (AIG) announced that it will proceed as soon as practicable with its plan to list its pan-Asian life insurance subsidiary AIA Group on the Hong Kong Stock Ex
Read moreAIG's AIA Head Says He'll Treble Unit Value To $100B - Source
20th Jul 2010 18:17
By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The new head of American International Group Inc.'s (AIG) AIA Group Ltd., Mark Tucker, told employees at a Hong Kong staff meeting Monday that he planned to treble the unit's value to $100 billion, a person familiar with the meetin
Read moreResolution Holders Approve GBP2.75B Deal To Buy AXA UK Assets
20th Jul 2010 11:55
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Resolution Ltd (RSL.LN), the consolidation vehicle founded by insurance entrepreneur Clive Cowdery, on Tuesday said its shareholders approved a GBP2.75 billion deal to buy some of French insurer AXA SA's (CS.FR) U.K. life operat
Read moreAIA Aims To Swiftly Cut AIG Ties Through Hong Kong Listing -FT
19th Jul 2010 23:02
DOW JONES NEWSWIRES AIA Group Ltd., the Asia-based life insurance unit of American International Group Inc. (AIG), has begun talks with potential strategic investors with the goal of ensuring it can gain independence from its U.S. parent by listing more than half its equity on the Hong Kong mar
Read more2nd UPDATE: AIG Names Tucker Head Of AIA Ahead Of HK Listing
19th Jul 2010 12:20
(Adds background and analyst comment.) By Nisha Gopalan and Aries Poon Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--American International Group Inc. (AIG) said Monday that it has named Mark Tucker, the former chief executive of U.K. insurer Prudential PLC (PUK), as the new head of its
Read moreFormer Prudential boss to head AIA
19th Jul 2010 11:58
US insurer AIG has named former Prudential chief executive Mark Tucker as head of its Asian life unit, AIA. The move comes ahead of an expected $15bn Hong Kong initial public offering of AIA and after Prudential's planned $35.5bn acquisition of the business went so disastrously wrong. Tucker will
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
19th Jul 2010 08:08
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0708 GMT [Dow Jones] American International Group's (AIG) appointment of Mark Tucker, a former CEO of Prudential (PRU.LN),
Read moreMARKET TALK: AIG Hire Of Pru's Ex-CEO Generates Speculation
19th Jul 2010 08:08
0708 GMT [Dow Jones] American International Group's (AIG) appointment of Mark Tucker, a former CEO of Prudential (PRU.LN), as the new head of its overseas life insurance unit, AIA Group Ltd., forms part of AIG's strategy to launch an IPO of the Asian unit, following its refusal to accept a reduced b
Read moreUPDATE: AIG Names Tucker AIA Head; AIA To List In HK 'As Soon As Practicable'
19th Jul 2010 05:51
(Adds Tucker's previous role; Prudential's bid for AIA and AIA's presence in Asia.) By Nisha Gopalan and Aries Poon Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--American International Group Inc. (AIG) said Monday it has named Mark Tucker, a former chief executive of Prudential PLC (PUK)
Read moreAIG: Names Tucker AIA Head; AIA To List In HK "As Soon As Practicable"
19th Jul 2010 05:12
HONG KONG (Dow Jones)--American International Group Inc. (AIG) said Monday it has named Mark Tucker, a former chief executive of Prudential PLC (PUK), as the new head of its overseas life insurance unit, AIA Group Ltd., as it moves toward an initial public offering for AIA on the Hong Kong stock exc
Read moreWSJ UPDATE: AIG Plans To Name Mark Tucker As CEO, Chmn Of AIA Unit-Sources
18th Jul 2010 18:26
By Serena Ng Of THE WALL STREET JOURNAL American International Group Inc. (AIG) is planning to name Mark Tucker, a former chief executive of Prudential PLC, as the new head of its overseas life insurance unit AIA Group Ltd., as it moves toward an initial public offering for AIA this fall, ac
Read moreWSJ: AIG Plans To Name Mark Tucker As CEO And Chairman Of AIA Unit - Sources
18th Jul 2010 18:11
By Serena Ng Of THE WALL STREET JOURNAL American International Group Inc. (AIG) is planning to name Mark Tucker, a former chief executive of Prudential PLC, as the new head of its overseas life insurance unit AIA Group Ltd., as it moves toward an initial public offering for AIA this fall, ac
Read moreUPDATE: Mitchells & Butlers In Hotel Sale Deal With Travelodge
15th Jul 2010 13:03
(Adds detail, comment from Travelodge) Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. pub group Mitchells & Butlers PLC (MAB.LN) Thursday took the first major step in its new management's business strategy, selling its 52 hotels for GBP91 million, with budget hotel operat
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