Financial And Banking News


KIO Activity Reported

The London-based Kuwait Investment Office (KIO) has recently traded shares in three major UK corporations, it is reported. The KIO acquired 2.4mn shares in the Prince of Wales hotel group, bringing its stake up to 20.8% of the group, and 550,000 shares in the Kenning Motor group, bringing its stake up to 25.59% (10,790,999 shares). The KIO also disposed of 5,000 shares in the John Mowlem construction group, thereby...