Alliance Trust to battle with shareholders
INVESTMENT manager Alliance Trust, the FTSE 100 firm run by chief executive Katherine Garrett-Cox, is embroiled in a pitched battle with its shareholders after Laxey Partners, which owns 1.3 per cent of the firm's stock, set up a shareholder action group over the weekend.
The Carlyle Group, one of the world's biggest private equity firms, said Wednesday that it had formed a partnership with one of the largest Chinese conglomerates to invest in China and around the world.