Bloomberg Prudential Plc soared on plans to split the firm by spinning off its UK operations, a move that will create an insurance business focussed on faster-growth markets in Asia, Africa and the US. Investors will receive shares in M&G Prudential, formed in 2017 through the combination of its UK asset-management business with European insurance assets. Both firms are likely ...

Bloomberg The Benetton family’s Atlantia SpA reached a preliminary agreement with Real Madrid Chairman Florentino Perez’s ACS to jointly buy Abertis Infraestructuras SA, ending an eight-month battle for control of the Spanish toll-road operator. The accord was expected to be discussed at a board meeting on Wednesday, Rome-based Atlantia said in a statement, without giving any details. Shares in Abertis ...

Bloomberg The European Union failed to water down proposals for the Irish border that Theresa May said no prime minister could ever accept in the first revision of the draft Brexit treaty. Revising the first draft of the document published by the European Commission two weeks ago, diplomats from the 27 remaining EU countries retained the focus on keeping Northern ...