Hints and tips:
...LetterOne, the investment group controlled by Fridman, is a minority owner in the German energy group which was formed in 2019 through the merger of its business DEA Deutsche Erdoel with BASF’s Wintershall...
...Deutsche Bank has hired former Citi banker Alison Harding-Jones as global head of mergers and acquisitions, based in London....
...UK: Rics House Price Balance Results: 3i Group H1, ArcelorMittal FY, AstraZeneca Q3, Auto Trader H1, B&M European Value Retail H1, Flutter Entertainment Q3, Leonardo Q3, National Grid H1, News Corp Q1, Pirelli...
...trade in goods and services figures Results: Alibaba Q2, Bayer Q2, ConocoPhillips Q2, Eli Lilly and Co Q2, Kellogg Q2, Lyft Q2, Next Q2 trading update, Nippon Steel Q1, Novo Nordisk Q2, Paramount Q2, Pirelli...
...But what exactly is Aggregate Holdings?...
...While speaking out is risky, so is holding back....
...Twice in the last few weeks the company’s market value has surpassed that of Deutsche Bank and now stands at about €16bn....
...Tim Albrecht, manager of the flagship Deutsche fund at asset manager DWS, had allocated almost 9.2 per cent of what was then a €5.1bn fund to shares in the Germany payments company....
...N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-shing, named former Zalando finance chief Jan Kemper as its CFO....
Companies take defensive measures as clients pull back on ad spending
...Other shareholder meetings where Union is to raise concerns include Siemens, Infineon, Deutsche Telekom, Deutsche Bank, Deutsche Börse, the carmakers BMW and Daimler (whose subsidiary is Mercedes-Benz),...
...Deutsche Telekom’s takeover of Tele2 in the Netherlands was cleared last year without remedies which had raised hopes of a clearer path from European regulators....
...of overseas assets such as Syngenta and Italian tyremaker Pirelli....
German oil and gas producer looks to expand foothold in Mexico ahead of Wintershall merger
Executives talk up merger prospects in France while CK Hutchison returns to dealmaking
...A spokesman for LetterOne declined to comment, as did Deutsche Bank, which was the sole financial adviser to BASF last month when it agreed to pay €5.9bn for “significant parts” of Bayer’s seed and non-selective...
...Last month, Brussels said it would investigate suspected cartel behaviour: it is alleged that Volkswagen, Audi, Porsche, BMW and Daimler have been holding secret meetings for decades to collude on technology...
...In 2015, it paid €7.3bn for Pirelli, the Italian tyre company....
...• Two new portfolio managers for Deutsche Asset Management’s $20bn US equities team....
...Thorsten Michalik, head for Emea for Deutsche Asset Management, says tax advantages have enticed Italians to invest in PIRs but that is just the start....
...“They’ve suffered from that in subsequent years — they really lost customers, not only to Deutsche Telekom but to others.”...
Pay agreement with ground staff suggests management could secure deals with pilots and cabin crew
...His holding company Berkshire Hathaway has set up Berkshire Residential Assets 1 to buy up and develop Spanish homes....
...“However, I would reject the suggestion that the structure and quality of our buildings in any way diverges negatively from the holdings of other listed companies,” Mr Buch adds....
...The company also added more than 300,000 mobile subscribers over the past quarter, better than second place Vodafone and similar to incumbent Deutsche Telekom. But poor margins hint at price pressure....
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