Hints and tips:
...IMI....
...RedBird IMI is run by former CNN boss Jeff Zucker in New York but has the majority of its funding from Abu Dhabi....
...About half of this was provided by RedBird IMI in debt structured to be swapped for control of the Telegraph Media Group....
...higher at 9411 The calendar for Friday (all times CET): Earnings: 07:00 Amadeus07:00 Telefonica07:30 Areva07:30 BASF07:45 ENI08:00 Pearson08:00 Right Move08:00 RBS08:00 William08:00 IAG08:00 Arsenal08:00 IMI...
...(Financial Times) (Financial Times II) Buffet’s Marmon Group, a Berkshire Hathaway company, has agreed to pay $1.1bn in cash for two units of IMI, the UK engineering group, including its drinks dispenser...
...Banca IMI Intesa Sanpaolo, UniCredit, Crédit Agricole and Goldman Sachs are joint global co-ordinators and joint book runners in the institutional placement....
...director general of Intesa Sanpaolo, owner of 5 per cent in Prada, said the decision to list was “testimony to the understanding and faith the company has in its ability to deal with financial markets” Banca IMI...
...Engineer IMI , unchanged at 914p, was a leading candidate for promotion to the blue-chips, followed by John Wood Group , up 1 per cent to 503p....
...Their targets are banks such as Banca Imi in Italy, German online brokers such as Consors and Direkt Anlage Bank, and BinckBank, an Amsterdam-listed online bank....
...Qatar Holding LLC and the Government of Singapore Investment Corporation (GIC) have agreed to underwrite a significant portion of the rights issue, the banks said....
...Banks were in focus as Italy’s Sanpaolo IMI reported after Wednesday’s market close that net profit jumped nearly 42 per cent in the first half, with strong growth in all divisions....
...Private equity groups are understood to be circling IMI now that the group, which produces valves for the oil and gas industry, has sold Polypipe, its plastic pipes subsidiary....
...Sanpaolo IMI added 7.2 per cent to €12.25, Capitalia gained 7.1 per cent to €4.18 and Banca Monte dei Paschi di Siena added 6.1 per cent to €2.65....
...Meanwhile, Sanpaolo-IMI, Italy’s third-largest bank, fell 2.1 per cent to €11.591 after it said its first-quarter net profit fell by 12 per cent....
...The market reacted badly to news it lost its chief executive, Mario Greco, to AIP, the insurance arm of Sanpaolo IMI, Italy’s third-largest bank....
...Banca Caboto and Banca IMI are managing the deal....
...Centradia, a dealing platform launched in 2001 by the Royal Bank of Scotland, Banco Santander Central Hispano, Commerzbank, Sanpaolo IMI and Société Générale, has shut down with immediate effect....
...Other winners in a buoyant banks sector included ABN-Amro, whose shares rose 1.2 per cent to €20.94 and SanPaolo-IMI, up 1.3 per cent at €11.17, leading a generally firm Italian sector which continued to...
...Sanpaolo-IMI shares were unsettled by rumours subsequently denied that the bank was talking down its earnings guidance....
...Last year, Siemens, the German electrical group, broadened its expertise in powertrain electronics, vehicle instrumentation and driver information by buying two automotive electronics plants in Huntsville...
...Banca IMI, BNP Paribas, Cabot and UBS managed the sale. Poland became the first central European country to issue a 30-year bond yesterday when it placed €500m of 2035 bonds privately....
...Dexia shares finished 0.9 per cent off at €16.43 while those of Sanpaolo-IMI dipped 0.3 per cent to €10.4....
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