Boosting Hydrogen Development in the UK Insurance Sector
Key Ideas
- BlackRock acquires UK data firm Preqin for £2.55 billion in cash.
- Zurich Insurance and Aon launch insurance scheme to support hydrogen production and clean energy transition.
- Boeing agrees to buy Spirit AeroSystems for $4.7 billion, aiming to strengthen its position in the airline supply market.
- Boots chief executive Sebastian James departs as Walgreens Boots Alliance's attempts to sell or list the UK pharmacy chain face setbacks.
In the financial news, BlackRock has made a significant move by acquiring UK data company Preqin for £2.55 billion in cash. Meanwhile, Zurich Insurance and Aon have collaborated to introduce an insurance scheme aimed at advancing hydrogen production, seen as crucial for the shift towards clean energy. This partnership reflects a positive sentiment towards the hydrogen sector. Additionally, Boeing has finalized a deal to purchase Spirit AeroSystems for $4.7 billion, enhancing its presence in the airline supply market. The acquisition is valued at approximately $37.25 per share. Lastly, Sebastian James, the CEO of Boots, is stepping down after six years due to complications in the sale or listing of the UK pharmacy chain, owned by Walgreens Boots Alliance.