Goldman tops global M&A adviser table June 24, 2010 GOLDMAN Sachs has established itself as the most in-demand mergers and acquisitions adviser in the world over the first half of the year, brushing off concerns that the SEC’s high-profile fraud allegations would damage its reputation. Goldman, which trailed Morgan Stanley in the rankings at this point last year, leapfrogged its arch-rival comfortably during the [...]
Barrick Gold joins the FTSE 100 June 9, 2010 THE updated FTSE 100 list was announced last night, with African firm Barrick Gold and Indian oil and gas giant Essar Energy both muscling into the big time. The London Stock Exchange and embattled holiday group Thomas Cook both took the plunge into the FTSE 250. The additions to the list makes the FTSE 100 [...]
TRADERS SEX UP THE DULL WORLD OF FOREX August 23, 2010 THE THINGS that bored traders get up to when they get a minute, eh? The Capitalist chances upon an, err, enterprising website set up by a pair of forex traders, who claim to have cracked the conundrum of how to dispense a barrage of information to their peers while simultaneously holding their interest – by [...]
TRADERS SEX UP THE DULL WORLD OF FOREX August 23, 2010 THE THINGS that bored traders get up to when they get a minute, eh? The Capitalist chances upon an, err, enterprising website set up by a pair of forex traders, who claim to have cracked the conundrum of how to dispense a barrage of information to their peers while simultaneously holding their interest – by [...]
Denton votes for US tie-up June 9, 2010 Partners at City law firm Denton Wilde Sapte and its US rival Sonnenschein Nath & Rosenthal voted in favour of a merger yesterday that will create a business with sales of £500m employing 1,400 lawyers worldwide. The management at both firms asked their partners to vote on the tie-up that was negotiated in secret and [...]
BEST OF THE BROKERS June 8, 2010 CAMPARI JP Morgan Cazenove downgrades Campari to “underweight” noting that the June 2011 discounted cash flow derived price target is €3.80 (was €3.85) which is some nine per cent below the current share price. It notes Campari’s stock is up 14 per cent on an absolute level and relative to the local Italian index in [...]
Reckitt agrees £2.5bn bid for Durex maker July 21, 2010 CONSUMER goods group Reckitt Benckiser yesterday agreed to buy Durex condoms and Scholl sandals maker SSL International for £2.5bn in cash to increase its presence in the health and personal care markets. The Anglo-Dutch maker of Nurofen painkillers, Strepsils and Lemsip cold remedies, said SSL stockholders would receive 1,171p a share. Regulators and investors are [...]
A good quality MBA should be all about broadening horizons October 13, 2010 TRADITIONALLY, an MBA has been a generalist qualification which teaches fresh skills and opens up avenues. But a new breed of focused MBAs has emerged in recent years. These concentrate on a specific area such as the energy industry, defence, financial services, the BRIC countries or even corporate and social responsibility (see box). They are [...]
BEST OF THE BROKERS May 9, 2010 BARCLAYS UBS maintains a “buy” rating on Barclays and says revenues in the investment bank are set to grow as newer businesses start to deliver. The sharp negative reaction to Barclays’ trading update last month was on a weaker revenue performance than expected but UBS says the lower revenue was counterbalanced by lower costs. It [...]
Infineon mulls €1bn wireless unit sale June 15, 2010 GERMAN chipmaker Infineon has hired JP Morgan (JPM) to map out a possible divestment of its mobile phone chip unit. The US investment bank is looking into a range of options, including a sale, reports said yesterday. Industry sources said Infineon has already held talks with PC chip giant US-based Intel. Some analysts have said [...]