Hints and tips:
Related Special Reports
...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...Anglo American’s key South African shareholders are open to a takeover offer from BHP, despite government concerns that the miner’s £30bn-plus proposal is bad for Africa’s most industrialised economy....
...“American banking is ripe for reinvention and the American customer needs a Monzo-like product, a financial control centre that helps them manage their money.”...
...The group’s North American arm already has an established debt business. The aristocratic Grosvenor family has owned property in London for more than 300 years....
...London is suffering a dearth of listings and has raised less IPO capital than European markets this year....
...BHP said it was “disappointed that the Anglo American board has chosen not to engage”....
...The red metal has charged up the mining sector since BHP’s interest in buying Anglo American became public two weeks ago....
...The return of megadeals to the mining sector, with BHP’s £31bn all-stock approach to buy Anglo American, gives me serious flashbacks....
...Not that the investment strategy of US endowments is likely to change, even if many already have uncomfortably high allocations to private equity and venture capital, and some have been ditching stakes in...
...South Africa’s mining minister was campaigning in Rustenburg, the northern capital of the country’s platinum belt, when news broke of BHP’s £31bn proposal to take over Anglo American....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...North American rivals such as Mark Bristow’s Barrick Gold are also likely to be weighing their options, while a bid for all or part of Anglo American from Brazil’s Vale, India’s Vedanta Resources or a Chinese...
...Between Miami and Vegas, celeb-studded races are central to the growth strategy of Formula 1 in the US....
...BHP’s potential bid for fellow miner Anglo American threatens to put a dent in that hard built reputation....
...This ambition culminated when BHP chair Ken MacKenzie called his counterpart at Anglo American on April 16 to deliver a $31bn preliminary offer for the London-listed miner....
...CVC Capital Partners is buying a minority stake in Hempel, the Danish owner of upmarket British paint company Farrow & Ball....
...Anglo, founded 107 years ago, is among the 25 most valuable companies on the London Stock Exchange, and BHP’s proposal is likely to fuel anxiety over the flight of companies away from the UK capital....
...The company decided to price the IPO conservatively as part of a strategy to ensure the share price performed well when it began trading, a person familiar with the matter said....
...Janet Truncale, EY’s incoming global boss, will be tasked with developing a new strategy for the firm, which made $49bn in revenues last year....
...The group recorded a net profit of ¥231bn ($1.5bn) in the quarter to the end of March, beating analysts’ expectations of a ¥23.3bn profit, according to S&P Capital IQ....
...Job moves Tesla is cutting at least 14,000 jobs as the worldwide electric vehicle slowdown and brutal price war hits the American carmaker....
...Of course, it’s not a surprise that if you take a US model it will find that the optimal issuance mix looks a bit American....
...From a capital markets standpoint, they are doing the right things....
...It will also provide CVC with capital to pursue additional acquisitions in areas such as real estate and potentially help finance the acquisition of Dutch infrastructure investment firm DIF Capital Partners...
...Meanwhile, Honda has recognised that going it alone is no longer a viable strategy, striking a surprise partnership with Sony in 2022 to produce EVs....
International Edition