Hints and tips:
...Attracta Mooney: Breakthrough Energy [Ventures] has had funds for a couple of years. Is there any particular area of focus now?...
...CD&R declined to comment....
...Things I am enjoying this week My colleague Attracta Mooney has written an excellent Big Read on one of the other main blockages to clean energy expansion: grid connections....
...“The CEO is understandably impatient for success but the nature of pharma R&D means it takes a long time to turn such a business around, particularly given the paucity of the legacy she inherited,” the shareholder...
...Additional reporting by Attracta Mooney...
...CD&R has until August 9 to launch a counter-offer or withdraw its interest in the UK’s fourth-largest grocer....
...CD&R’s rejected offer was pitched at a higher multiple of profits than the sale of Asda, he added....
...UDG’s board last month announced it had agreed a £10.23 offer with CD&R....
...However, the grocer has rejected CD&R’s bid. Under UK takeover rules, the buyout group has until July 17 to make a firm offer for the grocer or walk away....
...CD&R is expected to push ahead with its bid for Morrison’s this week despite its £8.7bn offer being rejected and criticism from top 10 shareholder Legal and General Investment Management....
...out at Clayton, Dubilier & Rice’s bid for Wm Morrisons, the supermarket chain, while M&G Investments and Allianz Global Investors last month criticised plans to sell FTSE 250-listed UDG Healthcare to CD&R....
...“When she first came in, she hired some very good people around her, the ex-HSBC chief financial officer, a new head of pharma, a new head of R&D....
...Additional reporting by Attracta Mooney in London...
...Private equity firms are scouring the UK’s Brexit-battered stock market for targets, announcing takeover approaches at the fastest pace since 1999, DD’s Kaye Wiggins and the FT’s Attracta Mooney and Gill...
...On Sunday, Soriot’s friend José Baselga, AstraZeneca’s head of oncology R&D, died in Spain....
...the payment for Steve Francis, who joined SIG in February as interim chief executive, after he developed a “compelling new strategy” including a £165m capital raising backed by private equity investor CD&R....
...Ms Walmsley last year announced she had secured as head of R&D one of the biggest names in the drug development world, Hal Barron, who oversaw a portfolio of lucrative new medicines while working for Roche...
...The company said William Lough would take over the R&M UK Dynamic Equity fund, while George Ensor would take over the running of the R&M UK Micro Cap Investment company fund....
...Attracta Mooney...
...Last month, the bank said its asset management division had recorded net inflows of R$500m ($152m) during the first quarter of 2017, with assets increasing by four per cent....
...Tom Mooney, Wexford, Ireland For sheer genius, no one comes close to Sobers “There is no cricketer alive or dead who has come anywhere near as close to the epithet ‘genius’ as Gary Sobers....
...Who Aylesford International, aylesford.com, tel: +44 20 7349 9772 Photographs: R. Ian Lloyd; CPL...
...It has appointed both Siemens and Thales to work on the Queens Boulevard line, which carries E, F, M and R trains through parts of Queens....
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