2015년 3월 12일 목요일

Big Updates

Michele Ferrero of Ferrero SpA, a EUR 8.1bn company, competing against Nestle, Mondelez and Kraft passed away. He never gave an interview and Ferrero is infamous for being "unbankable"

All this geopolitics is raising stock prices in defense companies such as BAE Systems.

Pay for asset mangers is set to surpass that of investment bankers by 2016

Russian billionaire Mikhail Friedman, through his $29bn investment fund LetterOne Group, is threatening to sue the UK government for intes.

rvening L1's investment into North Sea asset.

Fall in oil prices has increased demand for consulting companies, such as Wood Mackenzie, which is concurrently pursuing an IPO & sale to maximize exit price.

In 2014, Vanguard attracted fifth of industry's net inflows. Pimco was the worst.

Holcim and Cemex are merging, but they must divest some assets.

According to MI5, there are 3,000 SoI (Subject of Interests) under surveillance as possible terrorists.

L1 is chaired by Lord Browne, former BP chief. The company plans to grow through partnership deals and acquisitions.

Google is restructuring its European business into a single entity.

China's Postal Savings is going public, and MS tapped investors for minority stakes. Lukewarm interests.

On Feb. 28th, 2015, John Authers of FT says "the bond market must turn sometime"

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