Loeb’s Third Point calls for the break-up of the UK’s Prudential (PRU) . The activist hedge fund takes $2bn stake in the insurer and demands separation of US and Asian arms.
Mustier rules himself out of HSBC Holdings (HSBA) running. UniCredit chief’s decision means search for CEO for Europe’s biggest lender continues.
Barclays (BARC) set to kick off hunt for next chief executive. Bank preparing to appoint headhunters as it plans for life after Jes Staley.
Blackstone to invest in the UK from a $14bn Saudi-backed fund. Slow start to US rebuilding drive that was originally intended to receive most of cash.
Reach Plc (RCH) embarks on data push to counter falling ad sales. Owner of Daily Mirror and Express wants to increase the number of registered users sevenfold.
Anglo Pacific Group (APF) rules out further investment in thermal coal. Mining investor to shift portfolio towards greener metals and minerals.
Countrywide (CWD) confirms talks with property rival LSL. Potential all-share tie-up would create UK’s biggest property group.
