Financial and Banking News


KIO Sells UK Equities 

The London-based Kuwait Investment Office (KIO) has recently sold substantial volumes of its holdings of British equities, according to press reports. The KIO sold 3.2mn shares in Trust House Forte, bringing its holding down to 36,880,068 shares, worth E£50.9mn ($72mn) at current prices, and 200,000 shares in Aberdeen Construction to cut its holding to 650,000 shares, worth £1.2mn ($1.6mn) at current...