Hints and tips:
...Bruno Cavalier, the chief economist at Oddo & Cie, said Mr Macron’s plan to loosen the labour market risks a “strong union mobilisation against him” in the streets....
...• Oddo Meriten, the €46 asset management arm of Oddo & Cie, the French private banking group, has hired Leonardo López as country head for Spain and Latin America....
...French private bank Oddo & Cie has thrown itself into the battle to buy Anglo-German banking group BHF Kleinwort Benson, launching a counter bid to acquisitive Chinese investor Fosun....
...Oddo & Cie, the French private bank, intervened late in November with an offer of €5.75 per share....
...The Belgian owner of Kleinwort Benson is seeking to repel a hostile €675m bid from Fosun, its biggest shareholder, by encouraging France’s Oddo & Cie to make a “white knight” counter offer, said two people...
...In a separate bidding war for BHF Kleinwort Benson, the London merchant bank, Fosun is likely to lose out to Oddo & Cie, the French private bank....
...Oddo & Cie marked InterContinental the most likely takeover target among European hoteliers, though it saw problems facing all potential bidders other than the Chinese operators....
...& Cie in November....
...In a separate bidding war for BHF Kleinwort Benson, the London merchant bank, Fosun is likely to lose out to French private bank Oddo & Cie....
...French investment group Oddo & Cie plans to hire new staff and expand beyond its core European markets after acquiring Meriten, the Düsseldorf-based BNY Mellon subsidiary, last week....
...Other large shareholders include Franklin Templeton, Oddo & Cie, BlackRock and Aqton, the investment vehicle of Germany’s Quandt family....
...Bruno Cavalier, chief economist at Oddo & Cie....
...Bruno Cavalier, chief economist at Oddo & Cie Bank in Paris, said that what most worried him about the latest data was investment, which contracted 1.1 per cent during the quarter....
...“Confidence is completely absent today both on the business and household side,” Bruno Cavalier of Oddo & Cie. Bank said. “I don’t see anything that would change this in the near future.”...
...Bruno Cavalier, chief economist at Oddo & Cie, the Paris-based bank, says one reason is the huge constraint on disposable income posed by France’s tax burden, which has risen from 41 per cent of GDP in 2009...
...In 2009, Oddo et Cie, the French investment bank, and its asset management arm were fined €300,000 by the French regulator after four of its enhanced cash funds bought three credit default swaps from a sister...
...● Nicolas Chaput has become the chief executive and managing director of Oddo & Cie, having previously been chief investment officer for fixed income and money markets at BNP Paribas Asset Management....
...● Nicolas Wirz, the co-founder of Montana Partners and a former managing director with Morgan Stanley in France, has joined Oddo & Cie as managing director of Oddo Securities....
...CGG Veritas , the seismic services group, leapt 6.7 per cent to €19.74 after Oddo & Cie upgraded the stock....
...Bruno Hareng at Oddo & Cie said: “I think the market is recovering nicely but I think the company doesn’t want to disappoint investors, and so has given a conservative profit estimate for 2010.”...
...Nomura, Oddo et Cie, a French private banking and trading group, Royal Bank of Scotland, Sanford Bernstein and UBS have also signed....
...She sold the last of these six months ago for an undisclosed sum to Oddo & Cie, the French investment group. She runs Oddo’s corporate finance business and is the only woman on the company’s board....
...The Swiss bank is facing at least two lawsuits in Luxembourg from angry French investors, including one filed by the securities house Oddo et Cie....
...The moves follow the Luxembourg court ruling on Thursday that UBS should release €30m to French investment group Oddo Cie, whose investment had been sold on November 17....
...A spate of negative news for UBS cost it 5.3 per cent of its value as talk of further writedowns persisted for a second day and French fund manager Oddo & Cie said that it would sue the Swiss bank for €40m...
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