News

Employees at AstraZeneca will strike over cuts to pension benefits, unless the company comes back with "meaningful" terms, GMB says.

UK - Employees at AstraZeneca will strike over cuts to pension benefits, unless the company comes back with "meaningful" terms, the GMB trade union says.

GLOBAL - Barclays Bank violated US sanctions in dealings with Cuba, Iran, Libya, Sudan and Burma, court papers have revealed.

Buyout vehicle Resolution will continue to target further life company acquisitions after posting pre-tax profits of £203m in the first half of the year.

UK - Buyout vehicle Resolution will continue to target further life company acquisitions after posting pre-tax profits of £203m ($317m) in the first half of the year.

Chairman of Aviva Lord Sharman said today the rejection of a buyout bid from RSA was an undisputed board decision.

Almost three quarters (73%) of infrastructure investors believe their fund managers' interests are poorly aligned with their own, research by Preqin reveals.

GLOBAL - Almost three quarters (73%) of infrastructure investors believe their fund managers' interests are poorly aligned with their own, research by Preqin has found.

Member benefits will be compromised if the Consumer Prices Index is used instead of Retail Prices Index to measure price inflation, MetLife Assurance says.

NORWAY - The Government Pension Fund Global saw 5.4% (155bn kroner, $25bn) wiped off its investments in the second quarter of 2010, pulled down by a decline in global equity markets and a massive loss on its stake in BP.