Old Mutual could be broken up amid private equity takeover bids March 6, 2016 Old Mutual, the FTSE 100 insurance group, is reviewing options for a breakup following a joint takeover attempt for its wealth management division from private equity firms Cinven and Warburg Pincus. A breakup is one option being considered in a review of Old Mutual’s operations, and an update will be given on Friday along with [...]
CME reportedly eyeing up London Stock Exchange after ICE said it was considering a bid amid Deutsche Boerse merger talks March 6, 2016 CME Group, the operator of the Chicago Mercantile Exchange, is reportedly considering making a bid for the London Stock Exchange Group (LSE), in just the latest move by a rival financial exchange to snatch up the London operator. Multiple news outlets reported over the weekend that CME – the world's largest financial exchange – is looking [...]
London Stock Exchange chief executive talks up prospect of “industry-defining combination” with Deutsche Boerse March 4, 2016 London Stock Exchange Group's chief executive has talked up the “industry-defining combination” a potential merger with Deutsche Boerse would create. In a conference call this morning following the release of LSEG’s preliminary 2015 results, Xavier Rolet spoke of the company’s “global aspirations”. But he said he was unable to answer questions about a potential offer from New [...]
Intercontinental Exchange (ICE) reportedly considering selling Borsa Italiana and LCH.Clearnet as part of potential bid for London Stock Exchange Group March 3, 2016 A possible bid by the Intercontinental Exchange (ICE) for the London Stock Exchange Group (LSE) is reportedly likely to include selling off the London exchange's Italian business and French clearing arm. Shares in the LSE soared to a record high on Tuesday, after the New York Stock Exchange (NYSE) owner ICE confirmed it is considering bidding [...]
LSE Group considering spin off of French division ahead of potential Deutsche Boerse deal, according to reports March 2, 2016 London Stock Exchange Group (LSE) is said to be considering a spin off of part of its clearing house, LCH.Clearnet, in an effort to make a potential £20bn takeover by Deutsche Boerse, announced last week, easier. According to the Financial Times, LSE could spin off the French division of LCH.Clearnet, and may also shift control of [...]
London Stock Exchange share price soars to record high on news of possible bid from NYSE-owner ICE to rival Deutsche Boerse March 1, 2016 Shares in the London Stock Exchange Group soared to a record high yesterday, after the New York Stock Exchange (NYSE) owner Intercontinental Exchange (ICE) confirmed it is considering bidding for the London-based exchange. ICE’s intervention came less than one week after LSE revealed it was in merger talks with the Frankfurt-based exchange Deutsche Boerse – [...]
Valeant Pharmaceuticals share price slumps by over 18 per cent as company reveals it’s under investigation by the SEC February 29, 2016 Shares in pharma firm Valeant have dropped by over 18 per cent in after hours trading after a Securities and Exchange Commission (SEC) investigation into the company was revealed. The SEC probe is separate from an existing investigation into a company purchased by Valeant last year, Salix Pharmaceuticals, according to a Bloomberg report. “Valeant confirms [...]
Zlota 44 is the tallest residential building in Warsaw and it’s hoping to catch the eye of Western investors February 25, 2016 For millionaire investors, the obvious place to buy for profit is in one of Europe’s great cities. But the bright lights of London, Paris and Berlin may be blinding buyers to smaller pockets of investment that have big potential. One of these is Poland. After years of building it up, the Poles now boast the largest [...]
London Stock Exchange and Deutsche Boerse deal: Robey Warshaw, Linklaters and Perella Weinberg among the big players working on the merger February 23, 2016 As the London Stock Exchange (LSE) and Deutsche Boerse hammer out the details of their potential merger, City A.M. takes a look at the bankers and other advisers trying to make the deal happen. Boutique banks are booming, and none more so than London-based Robey Warshaw. Co-founder Simon Robey may be a huge Arsenal fan, but was [...]
Ferrari share price rises on George Soros stake disclosure February 17, 2016 Shares in Ferrari have gone into overdrive, rising more than five per cent after it was revealed George Soros owns a stake in the luxury car maker. The billionaire's fund disclosed a €28m (£21.8m) stake which places him among Ferrari's top 10 shareholders, according to Bloomberg analysis. The biggest shareholders in Ferrari are the Agnelli family and Piero Ferrari, the [...]