Corporate Actions
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Opinion: Evergrande crisis and the U.S. debt-ceiling showdown could give stock investors a buying opportunity
Global stock markets took a decidedly risk-off tone on Monday. The spark was the China Evergrande Group 3333, -0.44% crisis.…
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EQT’s Christian Sinding: ‘We were pushing on the brake and the gas pedal at the same time’
EQT had spent only a few months as a publicly-listed company when the Covid-19 pandemic struck in March 2020, forcing…
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A State Street, Invesco deal would provide ‘critical mass’ to take on BlackRock
At the end of last year State Street was reportedly weighing up options for its $3.6tn investment unit, one of…
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Tiedemann and Alvarium close to merger deal with plans for a Spac
Investment firms Tiedemann Group and Alvarium Investments are close to a deal to merge and go public through a special-purpose…
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‘Even the apprentice gets equity’: City broker Cenkos eyes growth under new CEO Morse
Nearly three years ago, City broker Cenkos Securities was facing pressure from activist investor Crystal Amber to merge with a…
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Prudential plans $2.89bn Hong Kong fundraise
Prudential PLC is planning to raise up to $2.89bn by issuing new shares as the insurer looks to redeem high-coupon…
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WSJ News Exclusive | Europe’s OVHcloud Readies Possible $4.7 Billion IPO
European cloud-services provider OVHcloud plans to launch a possible initial public offering as soon as Monday that could value the…
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Lufthansa Eyes $2.5 Bln From New Capital Raise
By Joshua Kirby Deutsche Lufthansa AG is launching a capital increase worth 2.14 billion euros ($2.51 billion) as the German…
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Dow, S&P 500, Nasdaq slump as U.S. stocks erase week-to-date gains amid ‘quad witching’ and weak consumer-sentiment reading
U.S. stock benchmarks are under selling pressure Friday, with bearish momentum gathering steam into the afternoon, as a reading on…
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Job hunting? There may be a case for putting your vaccination status on LinkedIn
As someone who’s been working in the recruiting and talent acquisition industry for two decades, Dustin Mazanowski knows how important…
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Match Group Hopes for Savings From Looser App-Store Payment Rules
Online-dating company Match Group Inc. is working to sidestep Apple Inc.’s and Google’s payments systems following moves by authorities in…
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Invesco in discussions to merge with State Street’s asset management business
Invesco is in talks to merge with State Street’s asset-management business, people familiar with the matter said. A deal isn’t imminent, and…
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Job hunters are putting their vaccination status on LinkedIn and résumés. Should you do the same?
As someone who’s been working in the recruiting and talent acquisition industry for two decades, Dustin Mazanowski knows how important…
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UK crackdown on risky trading threatens meme-stock platforms ‘constantly tempting consumers’
The FCA is tightening its grip on high-risk investments in a move experts fear could hit trading platforms offering people on…
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Lagardere Welcomes Planned Stake Acquisition by Vivendi
By Mauro Orru Lagardere SA has welcomed plans from Vivendi SE to buy a stake held by activist investor Amber…
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Drive-through drinks company Dutch Bros.’ shares jump 60% in their trading debut
Shares of Dutch Bros., a Grants Pass, Ore.-based purveyor of coffee and other hot and cold drinks, soared 60% soon…
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Peel Hunt plans IPO on AIM after bumper year
City broker and small and mid-cap focused investment bank Peel Hunt intends to float on London’s AIM market after a…
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Goldman acquires speciality lender GreenSky in $2.2bn deal
Goldman Sachs is buying speciality lender GreenSky Inc. for $2.2bn, striking a deal it hopes will further its reinvention from…
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Martin Gilbert eyes Asian deal making opportunities for AssetCo
Martin Gilbert, the chair of consolidation firm AssetCo, says he wants to grow the fledgling business in Asia — an…
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Online marketplace Forge Global plans $2bn Spac deal
Forge Global, an online marketplace for buying and selling shares of private firms, plans to go public by merging with…
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Investors who want income need to understand this overlooked stock-market strategy
Interest rates have remained persistently low even as the economy emerges from the pandemic. The yield on 10-year U.S. Treasury…
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Amazon is the front-runner to acquire NFL Sunday Ticket package: report
Amazon AMZN, -0.43% could soon be the home of NFL’s Sunday Ticket package. The e-commerce giant is being labeled as…
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Tinder’s Jim Lanzone named chief executive at Apollo’s Yahoo
Apollo Global Management is naming Tinder chief executive Jim Lanzone the new CEO of Yahoo, the digital-media business it acquired…
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Energy Vault’s Spac for renewable energy storage hits $1.6bn valuation
Energy Vault is combining with a blank-cheque company to go public in a merger that values the gravity-based energy-storage company at…
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‘The lady isn’t tapering,’ says Lagarde as ECB slows asset purchases
European Central Bank President Christine Lagarde argued Thursday that a decision to slow the pace of asset buying under the…
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Launching a Spac in the UK? Here’s a quick checklist of 10 things to know first
The Financial Conduct Authority has changed the rules that govern the listing of Spacs on the London Stock Exchange, finally enabling…
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EasyJet: Rights Issue Will Help Restore Group’s Balance Sheet Position
By Anthony O. Goriainoff and Adam Clark EasyJet PLC said Thursday that it would launch a fully underwritten rights issue…
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JPMorgan strikes deal for major stake in Volkswagen payments business
JPMorgan has bought a 75% stake in German car giant Volkswagen’s payments business, the second acquisition by the US bank…
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Barclays hires Credit Suisse dealmaker as European push continues
Barclays has poached a senior dealmaker from Credit Suisse to lead its industrials mergers and acquisitions unit in Europe, as…
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City reacts as dividend tax hike to cost investors and self-employed £600m
Boris Johnson’s raid on dividends is set to cost investors and the self-employed £600m in extra tax. Analysis from investment…
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Boris Johnson targets dividends as part of social care funding plan
Prime Minister Boris Johnson is targeting investors with a new tax on dividends to fund the health and social care systems.…
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Takeovers are booming, and banks are cashing in
Takeovers are taking over. Corporations world-wide embarked on an unprecedented deal spree this year, emerging from the depths of the…
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Europe’s banks can’t ignore the M&A rush in fight with the US giants
The global economy is on a mergers and acquisitions tear, with more tie-ups in the first half of 2021 than…
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HSBC, Barclays confronted by naked Extinction Rebellion protesters
Naked activists belonging to Extinction Rebellion have staged a protest inside and outside HSBC and Barclays bank branches in central…
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Watchdog accuses KPMG of providing false information during Carillion, Regenersis audit inspections
The UK’s accounting regulator has hit KPMG, a former partner and certain current and former employees, with a disciplinary formal complaint…
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Singapore set to be Asia’s blank-cheque hub with new rules permitting Spacs
Singapore will become the first major financial hub in Asia to allow blank-cheque companies to list. On 2 September, the…
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Oppenheimer investment bank faces lawsuit over Ponzi scheme allegations
A class-action lawsuit claims investment bank Oppenheimer & Co. was at fault for an alleged Ponzi scheme run by a…
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Pernod Ricard FY2021 Sales EUR8.82B
By Joshua Kirby Pernod Ricard said Wednesday that it expects continued sales momentum into the new fiscal year, and set…
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Affirm stock skyrockets 40% on news Amazon to partner with buy now, pay later fintech company
Affirm Holdings Inc. shares jumped 40% in the after-hours session Friday after the fintech company said it has partnered with…
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These 15 stocks of retailers are expected to rise up to 97% over the next year
With so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there…
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In new Facebook antitrust push, FTC says social network ‘illegally bought or buried’ potential rivals
The Federal Trade Commission filed a new version of its antitrust lawsuit against Facebook Inc. on Thursday, targeting its acquisitions…
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Nvidia earnings top Street view with record data-center, gaming revenue, but supply constraints still a concern
Nvidia Corp. shares rose in the extended session Wednesday after the chip maker’s earnings topped Wall Street estimates and the…
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Auto insurer Hagerty plans listing via Spac deal
Speciality automotive insurance provider Hagerty is going public through a special-purpose acquisition deal that would give it an enterprise value…
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Can Robinhood thread the needle for a winning IPO?
Initial public offerings can be a little bit like politics: a decent outcome may be when everyone is only a…
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Deutsche Bank doubles M&A fees as it sidesteps fixed income trading slump
Deutsche Bank dodged the second quarter fixed income trading slump, with revenues shrinking by 11% as fees from mergers and…
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Meet the latest IPO fad: Grills
The searing market for newly public companies has a new obsession: grills. Two leading sellers of outdoor grills and grilling…
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Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
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IBM’s Revenue Rises for Second Straight Quarter
International Business Machines Corp. showed progress in delivering on Chief Executive Arvind Krishna’s commitment to revive growth, posting a second…
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These 8 low-profile electric-vehicle stocks can soar after bold new climate plan unveiled, analysts say
The European Union has unveiled one of the world’s most ambitious plans to tackle climate change in a program that…
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View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
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