British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital Partners on Wednesday, in a deal that digs a popular UK institution out of financial problems deepened by the coronavirus pandemic. …
Bob Mackenzie, the AA Plc executive chairman dismissed Tuesday for “gross misconduct,” is suffering from a mental-health issue, his son said in a statement. “My father tendered his resignation this morning and resigned his directorships due to acute ill health, …
The AA Plc removed executive chairman and director Bob Mackenzie from the company with immediate effect for “gross misconduct.” John Leach will replace Mackenzie as chairman, the firm said in a statement on Tuesday. Simon Breakwell, who joined the AA …
UK Chancellor of the Exchequer George Osborne angered Britain’s insurance industry by unexpectedly increasing a tax on policy holders that is expected to raise an extra 1.8 billion pounds ($2.8 billion). The insurance premium tax will be increased to 9.5 …
