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Canada Pension Plan halves stake in Unite Group, prompting board change

Market News
23 Jun 2026
Proactive Investors
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Bearish
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The Canada Pension Plan Investment Board (CPP) has reduced its stake in Unite Group, a student accommodation provider, from 14% to just over 7%. This drop below the 10% threshold means CPP no longer holds a board seat, leading to the departure of Thomas Jackson, a non-executive director who joined in 2019 after Unite acquired Liberty Living from CPP. Despite the reduced stake, CPP remains supportive of Unite's strategic goals. The chair of Unite Group, Richard Huntingford, expressed gratitude for Jackson's contributions over the past six and a half years.

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EU approves Cenrifki as first drug targeting disability progression in secondary progressive multiple sclerosis without relapses

EU approves Cenrifki as first drug targeting disability progression in secondary progressive multiple sclerosis without relapses

The European Commission has approved Cenrifki (tolebrutinib) by Sanofi for treating secondary progressive multiple sclerosis (SPMS) without relapses, based on positive phase 3 trial results showing it delays disability progression. This is the first ...

Market News
Bullish
2 hours ago
argenx hosts webinar on advancing FcRn leadership in autoimmune myositis R&D

argenx hosts webinar on advancing FcRn leadership in autoimmune myositis R&D

argenx, a global immunology company, is hosting a webinar on June 23, 2026, focused on advancing research and development of FcRn blockers for autoimmune myositis. The event features argenx's management and scientific leaders alongside key external e...

Others
Bullish
2 hours ago
Signify unveils strategy to boost focus, performance, and shareholder value by 2029.

Signify unveils strategy to boost focus, performance, and shareholder value by 2029.

Signify announced a new strategy at its 2026 Capital Markets Day to become a more focused and better-performing company by 2029. The plan includes prioritizing growth in connected lighting and consumer segments while optimizing less profitable areas....

Market News
Bullish
2 hours ago
EU approves Sanofi's Cenrifki for secondary progressive multiple sclerosis without relapses

EU approves Sanofi's Cenrifki for secondary progressive multiple sclerosis without relapses

The European Commission has approved Sanofi's Cenrifki (tolebrutinib) as the first medicine targeting disability progression in secondary progressive multiple sclerosis (SPMS) without relapses. Approval is based on positive phase 3 clinical trial res...

Market News
Bullish
2 hours ago
CTO confidence in scaling AI drops to 48% despite rising investments, highlighting integration challenges.

CTO confidence in scaling AI drops to 48% despite rising investments, highlighting integration challenges.

Akkodis' 2026 study reveals CTO confidence in scaling AI has fallen from 82% in 2024 to 48% in 2026, despite rapid AI adoption and increased investments. The main challenge is not technology but integrating AI into company systems, processes, and dec...

Market News
Neutral
2 hours ago
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