Cowdery armed with £600m to attack

The entrepreneur, who offloaded his original Resolution company to the Pearl Group for £4.98bn earlier this year, is set to swoop on troubled private and listed companies in the UK and across Europe. Institutional investors - including Prudential, Standard Life and Royal London - are among those understood to be participating. Orders remain open until the end of tomorrow. Cowdery has been linked with a number of companies in recent months - with Clerical Medical, Friends Provident and even New Star among mooted targets. Back in September, Resolution Limited said while it was not conside...