London Stock Exchange expresses interest in Russell takeover

first_imgThe London Stock Exchange Group (LSEG) has confirmed its interest in purchasing Russell Investments from current owner Northwestern Mutual.The US insurance company has owned Russell since 1999, including its index, consultancy and asset management businesses.LSEG, and its FTSE International brand, would be most interested in the purchasing of Russell’s index business, which may roughly equate to a third of its expected value.The essential merging of the FTSE and Russell indices would give the firm a strong foothold in the US index market, currently dominated by S&P in the large-cap area. However, around 98% of all small-cap investments are associated with the Russell 2000 index, a flagship offering.The confirmed interest from LSEG could be met by a rival bid from MSCI, the global index provider, and other potential private equity firms.MSCI, while a major name in the global index market, has little foothold in US offerings.Both index providers would not necessarily want to purchase the entire Russell business, which is mainly made up of investment management and consultancy.Russell currently provides asset management services, in particular multi-manager options, to both institutional and retail clients, with around $260bn (€190bn) under management.It also offers investment consultancy and fiduciary management services to pension funds.In a statement, LSEG said it was evaluating the merits of purchasing Russell Investments, and that it had entered discussions with the Northwestern Mutual Life Insurance Company.“Discussions remain ongoing, and there can be no certainty that any transaction will be forthcoming,” the group said.“If a transaction were to proceed, LSEG would intend to part-fund it through an equity raise.”Any potential bid could also see a partnership between one of several rival index organisations and private equity investors.This would result in Russell’s asset management and consultancy going to private equity, and the index to LSEG or MSCI.One source, with knowledge of the matter, suggested Warberg Pinkus and the Canadian Imperial Bank of Commerce as potential suitors to the asset business.last_img read more

Highest-ever HIV diagnoses in gay men

first_img 13 Views   no discussions Share Share The human immunodeficiency virus (HIV) attacks the immune systemThe number of gay and bisexual men being diagnosed with HIV in the UK reached an “all-time high” in 2011, according to the Health Protection Agency (HPA).It said there had been a “worrying” trend since 2007, with more and more new cases each year.Nearly half of the 6,280 people diagnosed last year were men who had sex with other men (MSM). Overall, one in 20 MSM are infected with HIV.Of those diagnosed in 2011, nearly two-thirds had not been to a sexual health clinic in the previous three years.The HPA said the figures showed there was “room for improvement” in testing people in at-risk groups.Dr Valerie Delpech, the organisation’s head of HIV surveillance, told the BBC: “Obviously this is a serious illness and it is worrying that we’re still seeing a lot in men who have sex with men and this is a record year.“Transmission in the UK is largely sexual, so safe sex is the best way to prevent yourself getting HIV.”RisingThe total number of people living with HIV in the UK rose to 96,000, up from 91,500 the previous year. The issue is most intense in London.Due to advances in drug treatment, having HIV should not affect life-expectancy. However, the data suggests that one in four people with HIV are completely unaware of the infection, meaning they cannot receive treatment and may still be spreading the virus. The chief executive of the National Aids Trust, Deborah Jack, said: “It is vitally important that gay men test at least once a year for STIs [sexually transmitted infections] and HIV, and every three months if they’re having unprotected sex with new or casual partners. “HIV-negative gay men diagnosed with an STI should really treat it as a ‘wake up call’. You are at serious risk of getting HIV in the near future and need to take steps to prevent that happening – such as consistent condom use and reduction in number of sexual partners.”Sir Nick Partridge, the chief executive at the Terrence Higgins Trust, said: “HIV is an entirely preventable condition, yet each year we see thousands more people across the UK receive this life-changing diagnosis. “Reducing undiagnosed HIV by encouraging those in high-risk groups to test more regularly is one way we can put the brakes on the spread of infection.”By James Gallagher, Health and science reporter, BBC News Tweetcenter_img Sharing is caring! Share HealthLifestyle Highest-ever HIV diagnoses in gay men by: – November 29, 2012last_img read more

Voller keen on De Bruyne

first_img “Regardless of our league position, we’re always looking for new players. “It’s possible that we do sign somebody this winter, but then again we could go into the second half of the season with the same team and look to do something next summer. “If you do anything then it’s got to be a top alternative to what we’ve already got here.” Leverkusen slipped up for the first time at home on Sunday, losing 1-0 to Eintracht Frankfurt to fall seven points adrift of league leaders Bayern Munich with a game to go before the midway stage of the season. De Bruyne has made eight appearances this season, with four of them as a starter. Press Association Bayer Leverkusen’s director of sport Rudi Voller says it is “no secret” that his club are in the hunt for Chelsea’s Kevin de Bruyne.center_img The Belgian impressed in the Bundesliga last season during a season-long loan at Werder Bremen, and amid talk the Blues could be set to loan him out again this winter, Leverkusen are one club keen on signing him. “We made no secret of our interest in Kevin De Bruyne right from last summer,” Voller told Germany’s Sky Sport. “There are many clubs interested in him. last_img read more

TFCI Mobilizes 40,000 Farmers in River Gee

first_imgAn official of the Tarlesson Farmers’ Cooperative Incorporated (TFCI) says the entity has mobilized 40,000 farmers in River Gee County for rice and vegetable production. Elijah W. Toe, Executive Director of TFCI made the disclosure in an exclusive interview with the Daily Observer on Monday.He said the organization has acquired 50 acres of land to cultivate rice and vegetables.The TFCI was established in 2015 by Rev. Roosevelt Tarlesson, who now resides in California, United States, Mr Toe said.“We initially proposed to the Ministry of Agriculture for a grant of US$500,000 to include training, extension services and technical assistance to local farmers,” Director Toe said, adding that the group does not intend to engage in subsistence farming.The MOA informed his group, however, that such funding is not in the Ministry’s budgetary appropriation, Toe said.The MOA instead suggested that the farmers apply for loans to enhance their agricultural activities in River Gee County, Toe said.TFCI officials did apply for a loan, which would also help with youth empowerment, through a formal letter to the MOA. The TFCI also requested for farming equipment to expand its multipurpose agricultural projects in Kanweaken and its surrounding towns in River Gee County, Toe disclosed.On April 24, 2016 TFCI requested a grant of US$10, 000 from the MOA. Although the MOA is yet to respond to its request, TFCI believes that much can be achieved if it gets the grant.Director Toe described agriculture as the bedrock of any country because it stimulates socioeconomic development.Toe underscored the need for the reconstruction of highways and farm to market roads in all parts of the country.He added that bad roads have been the biggest challenge facing farmers in River Gee County.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more