Financial and Banking News


KIO Continues Selling UK Shares 

Further selling by the Kuwait Investment Office (KIO) has been apparent on the London stock exchange (MEES 14 October). on 16 October the KIO disposed of its 26% stake in Kenning Motor Group, which has suffered poor results recent months. The KIO first acquired its stake in Kenning in early 1984 when it took 14% of the equity, and has been steadily buying shares since then. In April this year its stake...