Financial and Banking News


KIO Builds Up Stake in UK Hotels 

The Kuwait Investment Office (KI0) has in the course of the past few weeks built up a stake worth œ8.4mn ($9.5mn) at current prices in the British hotel group Queens Moat Houses. The latest acquisition of 1.15mn ordinary shares last week brought the KIO's total stake to 14,548,998 shares, or 9.3% of the group's equity.

The KI0 has recently divested some of its shares in the Equity and...