Blackstone challenges Bloomberg with deal for $20bn Thomson Reuters arm October 2, 2018 Private equity giant Blackstone has completed its biggest investment since the 2008 financial crisis by taking over Thomson Reuters' financial and risk unit. The deal, which values the business at around $20bn (£15.5bn), sees the Blackstone-led consortium of private equity funds take a 55 per cent stake. Thomson Reuters keeps 45 per cent of the business, [...]
Samsung to post record profit as chip market reaches its peak October 2, 2018 Samsung Electronics is expected to report a record high in quarterly profit on Friday, ahead of a predicted slide as chip prices begin to fall. Consensus estimates as polled by Refinitiv have forecast an 18 per cent rise in operating profit to 17.2 trillion won (£12.04bn) compared to the previous quarter, while revenue is set [...]