Petrol Pump

OFT to review pricing in UK petrol and diesel sector

The UK’s Office of Fair Trading (OFT) is to review the cost of fuel at petrol stations in the UK, in light of continuing public concern about pump prices, in order to establish whether there are competition problems that should […]

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La Defence business quarter in Paris

Schneider Electric sells its stake in financial services firm AXA

French power equipment maker Schneider Electric SA (EPA:SU) said on Wednesday it had sold its 0.45% stake in French insurer AXA SA (EPA:CS) for some EUR120m (USD150.4m). Schneider Electric

Life Insurance

Prudential completes $418m acquisition of US life insurer SRLC America

British insurer Prudential plc (LON:PRU) said on Wednesday that its fully-owned unit Jackson National Life Insurance Company had closed the buy of US life insurer SRLC America Holding

Hartford, Conneticut

US insurance firm Hartford sells retirement business to MassMutual

US insurer The Hartford Financial Services Group Inc (NYSE:HIG) unveiled a USD400m (EUR318.4m) agreement to shed its retirement plans business to Massachusetts Mutual Life Insurance Company (MassMutual), as

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