Financial And Banking News


KIO Buys Barratt, Sells Hanson Trust 

Recent trading by the London-based Kuwait Investment Office has involved the purchase of an expanded stake in Barratt Developments, a major UK house-building concern. The KIO first acquired a 6.5% stake in Barratt more than two years ago, and during the past month has built this up to 11.8%, or 21mn shares, which are worth some £30.5mn at the market's current valuation.

The KIO has also...