Tag Archives: capital allocation

Prudential Increases Investment in Malaysian Life Insurance Operations Through Strategic Acquisition

(IN BRIEF) Prudential plc has agreed to acquire an additional 19% stake in Sri Han Suria Sdn. Bhd., increasing its total ownership of Prudential Assurance Malaysia Berhad to 70% and reinforcing its long-term commitment to the Malaysian insurance market. The … Read the full press release

Norden Advances Strategic Fleet Renewal with Vessel Divestments, MPP Newbuilds and Share Buybacks

(IN BRIEF) Norden has sold one MR tanker and one Capesize vessel from its owned fleet, taking advantage of strong asset market conditions in both dry cargo and tanker segments. Alongside these divestments, the company is expanding its project cargo … Read the full press release

BP Taps CRH Veteran Albert Manifold as Next Board Chair

IN BRIEF) BP has appointed Albert Manifold—former CEO of CRH plc—as its next chair. He will join the board on 1 September and take over from Helge Lund on 1 October. Manifold’s tenure at CRH saw significant portfolio reshaping, capital discipline, and … Read the full press release

Amrize Unveils Bold North American Growth Blueprint Ahead of U.S. Listing

(IN BRIEF) Amrize is set to host its Investor Day in New York today at 9:00 a.m. Eastern Time, where it will outline its business strategy, growth plans, and mid-term financial targets as it prepares for its planned U.S. listing … Read the full press release