Hints and tips:
...“We are not here to enrich Michael Klein at the expense of our shareholders.”...
...Additional reporting by Michael O’Dwyer...
...BUY: Central Asia Metals (CAML) The copper, zinc and lead miner is also to invest in an unexpected country, writes Alex Hamer....
Building materials chief receives €3mn
...About £140mn of this has been spent buying out existing shareholders — Stroll’s consortium sold £117mn worth of shares, and non-executive Michael de Picciotto sold £7.8mn-worth....
Company is three years away from breaking even, say analysts
...Nic Hamer at Oakwell Sports Advisory says he is witnessing “huge interest” from prospective investors....
...tickets here ‘Eucalyptus’, Palais Theatre “Part Australian fairy tale and part musical evocation of the Australian bush”, this opera is an adaptation of Murray Bail’s famed novel, directed by Australian Michael...
Group chair and others add to holdings after years of share price falls
...US financier Michael Klein now has little chance of resurrecting the Credit Suisse First Boston brand. He may still be able to field some assets on the cheap....
...By the time UBS scrapped its planned $1.4bn takeover of US robo-adviser Wealthfront last year, a deal central to Hamers’ innovation drive, Hamers’ authority within the bank came into question....
...That was good timing for Biffa’s chief operating officer for resources and energy, Michael Davis, who sold 170,000 shares at 412p each, bringing in £700,400....
...All this casts doubt over Credit Suisse’s plan to spin off much of the investment bank under the CS First Boston brand and for it to be run by former board member Michael Klein....
Oil and gas group’s share price has fallen 29 per cent since May
...Hamer Hall is home to the Melbourne Symphony Orchestra and the preferred venue of the city’s chamber orchestra....
Group’s share price up almost 60 per cent this year
...Just 10 days after agreeing the takeover, Kelleher replaced UBS’s chief executive, Ralph Hamers, with the Dutchman’s predecessor, 62-year-old Sergio Ermotti, who ran the bank between 2011 and 2020....
...Ermotti, who ran UBS for nine years before handing the reins to Ralph Hamers in 2020, had in his previous stint drawn up plans to acquire Credit Suisse several times, according to people familiar with his...
...“UBS will remain rock solid,” said UBS chair Colm Kelleher, who will continue to lead the combined entity with chief executive Ralph Hamers....
Group issues its first dividend after clearing a longstanding debt
...Such a scenario would potentially have made it easier for Michael Klein, the former Citigroup executive and Credit Suisse board member, to preserve an already arranged deal to merge his advisory boutique...
...Olympus has appointed its chief strategy officer Stefan Kaufmann, as its first foreign chief executive since the 2011 accounting scandal and the ousting of the Japanese group’s then-boss Michael Woodford...
...HOLD: James Halstead (JHD) The flooring manufacturer has boosted its UK market share as supply disruptions hit, writes Michael Fahy....
...HOLD: Pendragon (PDG) Car dealership Pendragon appears to be heading in the right direction after a sharp turnaround last year, writes Michael Fahy....
...Sign up here with one click Michael Spencer: coming out in the wash City entrepreneur and oenophile Michael Spencer knows all about complementary assets....
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