Insurance giant Aviva is eyeing a £650m takeover of The Co-operative’s insurance business in the UK, it was reported today.

FIORDLAND, the biggest shareholder at financial services group IFG, will make a significant profit on its initial investment should a €231 million takeover prove successful.

Dublin: IFG Group is moving at a slower pace “than we would have expected” in reviewing takeover approaches, according to Edmund Truell, the main investor in Fiordland Investment, one of two potential bidders for the company.

The UK’s biggest off-licence business changed hands today after being sold to a team of private equity investors.