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...“When you see us end up in a scale minority position, we are coming in to help the management team solve a problem, but it doesn’t make sense to do a full buyout,” said Durban....
...Property slump Hong Kong is suffering from a bout of tanking property prices and rents. Experts warn that a recovery could be elusive, the FT reports....
...Private equity’s M&A tactics are proving unusually testing in Spain....
...US megadeals are slowly bringing M&A action back If a UK paper and packaging company is at the centre of a bidding war, then M&A must be back....
...“I’m a front door sorta guy. I think it was effective and I’d do it again.”...
...Which is why I’m sceptical much change happens....
...The asset management industry is undergoing a wave of consolidation as large investment groups such as BlackRock, Franklin Templeton and T Rowe Price push beyond their roots in listed markets, using acquisitions...
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...Last summer, Richard Spencer, a management consultant from London, found a home he liked in Mougins, near Cannes, priced at €2.2mn....
...I don’t see much of this right now. Stocks with low P/E ratios relative to their expected growth rates are rare....
...“I’m in favour of letting the market decide. If it succeeds, we’re all better off and if it doesn’t, well, the exchange’s investors lost.”...
...Aggarwal said the mass part replacement “was not technically a recall”, rather it “was a voluntary thing . . . Just because we did it proactively, doesn’t make it a widespread issue”....
...Alas, the bank doesn’t quite see it that way....
...“I am a very calculated guy. I’m a banker . . . We’re not stupid and we want to succeed.”...
...“We don’t have all the answers yet,” says Read. “We don’t know how many people we will employ. It could be more — or less. You can automate certain things and we can build other things.”...
...So I don’t . . . I’m not completely pessimistic about that....
...Or sometimes I call them cave dwellers, C-A-V-E — consistently against virtually everything. Isabel Berwick(Laughter) That’s brilliant....
...were put on some form of performance management plan or facing dismissal....
...Now, according to an analysis of Fema data by the E&E News website, this doubling of rates will become a reality in 800 of 3,000 counties....
...’m Yours”....
...Maybe it’s time to change management in those divisions.”...
...with an EPC rating of E or F be renovated within five years....
...“I don’t see what a mutual fund can do better than [an] ETF . . . It’s a better mousetrap . . . Eventually the mutual fund is dead.”...
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
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