Hints and tips:
Related Special Reports
...Although Mitsui Fudosan is the largest Japanese property group by value, it has, at 6.91 per cent, the lowest return on equity among peers such as Mitsubishi Estate and Sumitomo Realty....
...Shareholders, wary of overpaying for growth, would prefer companies to mine the market for cheap assets first. alan.livsey@ft.com...
...His comments come as Newmont closes the largest deal in the industry’s history — the $19bn purchase of Australia’s Newcrest Mining — solidifying the company’s claim as the biggest player in the space....
...Shares in property groups Mitsubishi Estate and Sumitomo Realty are up 40 per cent....
...close to the firm said the strategy echoed Biswas’s tenure at Newcrest, where he significantly enhanced returns through dealmaking and revitalising underperforming assets before its $19bn sale to rival Newmont...
...The company, run by billionaire Warren Buffett, is worth roughly $875bn, a sum that includes a record $167.6bn cash pile. HomeServices declined to comment....
...Newcrest shareholders will receive 0.4 shares for each Newmont share and own 31 per cent of the combined company, which will maintain a listing on the ASX....
...Newmont, the US-listed mining company, has had to buff up its bid for smaller rival Newcrest to get closer to a deal. This is Newmont’s third attempt....
...for every share in the Australian company....
...Newmont appointed Francois Hardy as chief technology officer of the gold producer, succeeding interim CTO Dean Gehring....
...The fresh bid — labelled best and final by Newmont — will see Newcrest shareholders control 31 per cent of the company....
...The new bid — labelled best and final by Newmont and 16 per cent higher than its previous offer — will see Newcrest shareholders control 31 per cent of the company....
...Shares in listed realty companies such as Zillow, Redfin and Compass are down more than 12 per cent since Thursday....
...Some of Rio Tinto’s rivals, including BHP, Newmont and Glencore, have started hunting for acquisition targets as the world’s largest miners position themselves for future growth....
...Australia’s Newcrest Mining has rejected a US$16.9bn offer from larger company Newmont but said it would allow its US-listed rival to access its books to conduct due diligence if it raises its bid....
...A deal would bring the two companies back together. Melbourne-based Newcrest was established in the 1960s as Newmont’s Australia arm....
...A deal would reunite the two companies that split more than 30 years ago, creating a gold miner with more than 8mn ounces of production, a $56bn industry behemoth....
...“Right now we have three South African companies that are not material in their own right,” he said....
...Newmont’s shareholders would control 70 per cent of the combined company, Newcrest’s 30 per cent....
...As global competition for dwindling copper resources grows more fierce, cash-rich companies, including Glencore and Newmont, have been targeting growth through aggressive M&A strategies....
...“Affordability and the lack of supply of new homes are the biggest issues with Vancouver,” says Kevin Skipworth, managing broker at Dexter Realty....
...Who The Whistler Real Estate Company/Luxury Portfolio House, Martha’s Vineyard, Massachusetts, US, $25mn Where In Edgartown, on Martha’s Vineyard....
...Who Luxury Portfolio International / Pall Spera Company Realtors Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...Jim Luke, fund manager at Schroders, wrote in a recent note that “dismal western sentiment” on gold and poor operational delivery by the sector’s leading companies were behind the low valuations....
...The verdict on Tuesday against the National Association of Realtors, which represents 1.5mn agents, and market leaders including several Berkshire Hathaway subsidiaries and Keller Williams Realty, came at...
International Edition