WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2009 THE SUNDAYSThe Sunday Telegraph WIGLEY TO ADVISE ADVENTThe former chairman of Merrill Lynch’s European operations and a respected City figure, is joining the private equity firm Advent International to identify investment opportunities across the financial services industry. Wigley will become a part-time operating partner at Advent, which is sitting on a large cash-pile after raising [...]
Autonomy avoids gloom thanks to banking deals July 22, 2008 Software firm Autonomy yesterday reported expectation-busting figures for its second quarter and was bullish about the second half of the year, sending its shares soaring to an eight-month high. The Cambridge-based company, which develops software for tracking email and phone conversations, said pre-tax profits rose by 85 per cent to £25.4m, exceeding analysts’ expectations of [...]
Merrill soars on bet worst could be over July 30, 2008 Shares in embattled US banking titan Merrill Lynch jumped nearly 8 per cent yesterday after the bank agreed to sell a massive debt portfolio at a discount, raising investor hopes it was putting its problems behind it. CEO John Thain has gone back to shareholders to boost the bank’s capital reserves, despite repeated assurances to [...]
Wall Street giants hit by SEC probe into short-selling July 17, 2008 American regulators have subpoenaed top investment banks, including Goldman Sachs, Deutsche Bank and Merrill Lynch as part of an investigation into the suspected manipulation of Bear Stearns and Lehman Brothers shares. The US Securities and Exchange Commission (SEC) has also approached more than 50 hedge funds to obtain trading and communications data. The inquiry aims [...]