UNCOOKED ALERT: Phoenix Group Holdings said to ...

Phoenix Group Holdings, the London-listed life insurer, has come into focus amid talk it could soon be involved in an M&A transaction.

However, people following the situation said it isn't clear what type of deal Phoenix is working on.

One person following the situation had heard rumours a mystery buyer is eyeing a takeover of Phoenix, which specialises in buying up old books of life insurance business that other companies no longer want...