Hints and tips:
...Fosun reached a deal in March to sell its fashion division, Lanvin Group, via a special purpose acquisition company....
...to buy a majority stake in the division, according to a new FT report....
...“Personnel at the bank allowed this scheme to proceed by overlooking or ignoring a number of clear red flags,” said Brian Rabbitt, the acting head of the US Department of Justice’s criminal division....
...IAG from Buy to Hold, AF remains a Hold, LHA remains a Sell Given exposure to high risk long-haul markets (esp....
...The Ibex 35 index of leading stocks suffered the worst fall in its history — it has now lost more than a third of its value in less than a month — as fears spread of a shutdown hitting the tourism, consumer...
...Support services (19% EBITA) saw EBITA increase to £47m from £46m (despite restructuring and regulatory cycles) as the division focused on a smaller portfolio....
...The changes are likely to touch not just its payments business, but its wealth management division....
...It also employs more people in its Mexican division than in the whole of Spain....
...The pullback came in spite of a surprisingly strong reading for a closely watched gauge of US manufacturing....
...Reporters’ prejudices blinded them to Trump’s chances of victory last year, he says; now they are twisting the president’s words to emphasise scandal and division....
...In a frantic day of trading, the pound dived to a 30-year low, setting a record intraday swing of more than 10 per cent between its high and low points; the FTSE 100 slumped 8.7 per cent on opening before...
...On Monday, Iberdrola shares gained more than 3 per cent in afternoon trading, despite a 1 per cent decline in the Ibex-35 index of leading Spanish shares....
...After shifting from a top-down divisional structure to a “matrix” model, borrowing methods from Boeing, the next goal is a “3D matrix”, where teams co-operate across boundaries throughout the organisation...
...Shares in Santander fell 1.7 per cent in afternoon trading, slightly less than Spain’s Ibex 35 index....
...AFS losses or lending gains?...
...India is a large and growing economy that no business can ignore, but the 25 biggest locally listed divisions of multinationals by revenue contributed an average 2 per cent to their parent groups’ global...
...Spanish construction company ACS climbed 13.9 per cent to €22.52 after Hochtief , the German builder that it half-owns, sold a division for €1.1bn....
...The bank announced more cost-cutting, with plans for a further €900m as part of a total €1.45bn of cuts between 2012 and 2015....
...Out of the 35 companies in the Ibex stock index, 15 are connected to another member though a significant shareholding....
...Over a 12-month period in which Spain’s Ibex 35 index has fallen 5.3 per cent, Amadeus shares have risen 42 per cent, with investors willing to overlook the nationality of the groups’ listing because of...
...revealed it had a negative value of €4.2bn....
...Alongside more conventional asset sales – such as a continuing process by Bankia, the nationalised lender, to sell its US division based in Miami – a distinguishing feature of recent spin-offs has been the...
...Last week Stable Investment Corporation, a division of China’s sovereign wealth fund, said it had taken a 10 per cent stake in Heathrow....
...Spanish stocks were buoyed by a surprise decision from Moody’s to hold fire on a downgrade of Spain’s credit rating The Ibex 35 gained 2.4 per cent to 8,128.2 on the news, extending a 3.4 per cent surge...
...Its waste and recycling divisions were hit by a slowdown in industrial production....
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