PotashCorp hunts for a white knight

first_img whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestylezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny Tags: NULL THIS is shaping up to be a classic takeover wrangle. First came the unsolicited bid – at $39.6bn (£25.5bn), BHP Billiton’s offer is a 20 per cent premium to PotashCorp’s undisturbed share price – which was immediately knocked back. Then came the anguished rhetoric from PotashCorp about the “grossly inadequate” level of BHP’s approach. The fertiliser company’s chief executive, Bill Doyle, points out his group’s market value was nearly 60 per cent higher at $240 per share during the agricultural boom of 2008.Now comes the hunt for a “white knight” to counterbid against BHP. Although there are several names in the frame, the London-listed mining group will not be feeling nervous yet.Brazil’s Vale, the world’s largest producer of iron ore, last night appeared to rule itself out of the running. Vale is under political pressure to invest on its home turf and has ploughed $10bn into a series of fertiliser assets in recent months.Sinochem, the?Chinese state-owned chemicals conglomerate, remains PotashCorp’s brightest hope of a gatecrasher. The group has serious financial firepower and services a country that uses a lot of potash. But the need to get Canadian regulatory approval, coupled with the complexity of putting together a bid of this size, could be deterrents.Hopu Investment Management, a Chinese private equity fund, is also said to be interested. But as a buyout player it will be very price-sensitive.One thing is for certain. With $45bn financing already lined up, BHP is prepared to dig in and fight. Monday 23 August 2010 8:27 pmcenter_img PotashCorp hunts for a white knight KCS-content Share ROGER AGNELLICHIEF EXECUTIVE, VALEHAVING led South America’s premier iron ore miner for nine years, Roger Agnelli is used to wielding power. But even he has become accustomed to appeasing Luiz Inácio Lula da Silva, Brazil’s feisty President, who is intent on squeezing more domestic investment from Vale.Two months ago, Vale unveiled an $8.2bn (£5.3bn) joint venture with Germany’s ThyssenKrupp outside Rio de Janeiro. Agnelli openly admitted the steel mill was built as a result of pressure from Lula da Silva. Vale plans to spend $90bn by 2014, 70 per cent of which will be within Brazil.The commitment makes a bid for PotashCorp unlikely.LIU DESHUPRESIDENT, SINOCHEMSINOCHEM’S president, Liu Deshu, has the right credentials to spearhead an ambitious programme of expansion.Deshu holds an EMBA from China Europe International Business School and boasts 20 years’ experience working for the Chinese government in the spheres of foreign trade, machinery and petrochemicals. He has been at the top of the Sinochem tree for 12 years.The government-owned company turned over a record RMB300 (£28.4bn) in 2008. On its website, Deshu says Sinochem “has entered a crucial stage which presents us with great opportunities as well as challenges”. whatsapplast_img read more

Private equity groups try to sniff out Foster’s dealM&A

first_imgThursday 9 September 2010 8:45 pm whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo PRIVATE equity groups were circling Australian brewer Foster’s yesterday, after the firm rejected a surprise A$2.7bn (£1.6bn) offer for its wine operations from US investment group Cerberus capital. Private equity groups Kohlberg Kravis Roberts and TPG are thought to be working on offers for the ailing wine business, after Foster’s said on Wednesday it would still try to split from its beer business. Reports also pointed to rival brewer SAB Miller as a potential bidder for the world’s second-largest wine firm.Sales of Foster’s wine, including Beringer, Penfolds and Wolf Blass, have been hit by a deep US recession and a trend away from low-end, bulk wines in Australia. The private equity groups are thought to be using the firm’s woes to try and trigger a sale of the entire company. Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comcenter_img Private equity groups try to sniff out Foster’s dealM&A KCS-content Show Comments ▼ Tags: NULLlast_img read more

SHOPPING ON WEB HITS £3K A SECOND

first_img KCS-content whatsapp whatsapp Share ONLINE sales of £3,000 per second will be made on Visa cards today, totalling £265m, according to the company.Visa has coined today Mega Monday, as internet shoppers click through their Christmas shopping lists. Many will have received their November pay packages and be looking for cheap deals online.Sales are expected to peak at lunchtime and in the early evening as workers return home.Visa cards account for £1 in every £4 spent in the UK, reflecting an overall increase in internet sales. Research by Deloitte suggests 23 per cent of December purchases will be made online, totalling £8bn.And government data for October showed an increase in “non-store” sales (mostly internet or mail-order purchases) of 12 per cent on the previous year. Visa expects today’s online sales to be 5.5 per cent up on the equivalent Monday last year.Internet sales are far from their peak, according to Ian Geddes, UK Head of Retail at Deloitte. “Online sales could account for close to 20 per cent of total retail spend by the end of the next decade,” he said.UK consumers are keener on internet shopping than their counterparts in mainland Europe, the research showed. A recent survey showed over half (54 per cent) of British respondents willing to buy Christmas gifts online, compared to only a third (33 per cent) elsewhere in Europe.A phenomenon sparked by the growth in online sales is Christmas Day shopping, which has become one of the busiest days of the year as people seek out early bargains.“People can now sit on the sofa enjoying Christmas with the family whilst surfing the sales on their iPad. We expect Christmas Day spending to continue to increase,” said Geddes. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img SHOPPING ON WEB HITS £3K A SECOND Tags: NULL Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Sunday 28 November 2010 9:33 pmlast_img read more

No haircuts for senior bondholders at banks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm SENIOR bondholders in Irish banks escaped the bailout without taking a hit yesterday.Finance minister Brian Lenihan said the government needs to impose “big haircuts” on junior bondholders but said there was no appetite for forcing losses onto senior holders. European finance ministers decided, as expected, that imposing haircuts would have a detrimental effect on markets.German Chancellor Angela Merkel has been pushing for investors who gain from exposure to banks to take a share in the risk if they run into trouble.Irish Prime Minister Brian Cowen said: “In relation to the question of senior bondholders, there is no agreement from the European Union for [shifting losses] because of the impact we believe it would have in relation the stability of the entire financial system itself and the impact it would have across European banking generally.”Ireland said two years ago senior bondholders would not take a hit if banks ran into trouble. Sunday 28 November 2010 9:23 pm whatsapp No haircuts for senior bondholders at banks whatsappcenter_img KCS-content Share Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

BESI opts to buy Execution

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Tuesday 30 November 2010 8:37 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content center_img Show Comments ▼ CITY broker Execution Noble announced yesterday that Portuguese investment bank Banco Espirito Santo de Investimento (BESI) had acquired a majority stake in the firm for an undisclosed sum.BESI, the investment banking unit of Banco Espirito Santo (BES) has taken a 50.1 per cent stake in the broker with the remaining shares being held by Execution’s senior management and staff.The combined group will employ around 1,000 staff providing investment banking services, particularly in emerging markets.Jose Maria Espirito Santo Ricciardi, chief executive of BESI, said the acquisition was critical to the investment bank’s international expansion.“Through Execution Noble, we will have access to a world-class distribution platform in the main financial markets through which we can leverage our existing Iberian and emerging markets investment banking product offering,” he added. Share BESI opts to buy Execution Tags: NULLlast_img read more

Pfizer chief Kindler resigns

first_img The chief executive of Pfizer, Jeffrey Kindler, has announced that he will stand down from his role to “recharge my batteries.”He is being replaced by Ian Read, 57, the global head of pharmaceuticals, at the world’s largest drug maker.Kindler, 55, has been at the helm for five years.He said that the “24/7 nature of my responsibilities” had been “extremely demanding”, especially after last year’s $67bn (£42bn) takeover of Wyeth. John Dunne Pfizer chief Kindler resigns Show Comments ▼ whatsapp Monday 6 December 2010 2:54 am Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Share whatsapp Tags: NULLlast_img read more

FTSE closes up but US uncertainty weighs on Wall Street

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Thursday 9 December 2010 4:01 pm LONDON’S FTSE 100 closed above 5,800 today for only the second time in almost a month, pushed up by financial services firms.Barclays, RBS and the Prudential were among the biggest gainers, while energy firm BG also rose more than three per cent and services firms Serco and BT also made the top ten. HSBC did well, but fellow emerging markets player Standard Chartered saw one of the biggest falls in the day’s trading after warning that its costs were growing faster than its income while it invested in new branches and hiring new staff. Increasing competition for workers and higher compliance and regulatory costs also hurt its performance, Standard Chartered’s pre-close trading update said. 

BG Group was supported by its announcement that technical costs for the initial phase of development at its Tupi and Guará fields in the Santos Basin, offshore Brazil, would be “very low”.The company expects to gain 600 million barrels of oil equivalent (boe) from the fields. High street chains Next and Marks & Spencer found the going tough, showing some of the biggest falls on the FTSE100. It was a similar story at mid-cap retailers Kesa, WH Smith and Debenhams in the FTSE250.European markets were buoyed by optimism over Japan’s 1.1 per cent third quarter growth, revised upwards from 0.9 per cent; and by US tax cut proposals.And the region’s banks improved, with Societe Generale, Banco de Sabadell and Banco Bilbao Vizcaya Argentaria surging higher. 
But carmakers BMW, Volkswagen, Peugeot and Renault saw shares fall after the China Automobile Industry Association announced it may stop tax incentives for buying passenger cars in 2011.The CAC 40 in Paris finished up 26 at 3,858, the German DAX 40 ended 12 lower at 6,964 and the Spanish IBEX 35 was up 107 at 10,186.A weak morning session on Wall Street did London no favours, despite a raft of new US data showing a strengthening recovery.The S&P 500 and the Nasdaq edged up but capped their gains over uncertainty over the proposed tax-cut legislation and a recent rise in bond yields.By 4pm local time, the Dow Jones was up 7.46 to 11,363; the Nasdaq 100 had risen 0.65 to 2,201.25 and the broader S&P 500 was up 4.46 points to 1,232.74. FTSE closes up but US uncertainty weighs on Wall Street Show Comments ▼ whatsapp whatsapp alison.lock Share Tags: NULLlast_img read more

BERGGRUEN FUND LISTS FOR £900M

first_img Show Comments ▼ BILLIONAIRE Nicolas Berggruen’s Justice Holdings fund raised a greater than planned £900m from its listing of 90m shares at £10 a share yesterday, after hedge fund manager William Ackman bought into the deal. Justice said this would enable it to pursue its objective of acquiring a target business with an enterprise value of between £1bn and £7bn. whatsapp KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Monday 14 February 2011 8:59 pm Share whatsapp Tags: NULL BERGGRUEN FUND LISTS FOR £900M last_img read more

ABN AMRO profit seven times higher

first_img ABN AMRO profit seven times higher Dutch state-owned bank ABN AMRO, which is being readied for a stock market listing in 2014, said operating profit surged sevenfold in 2010 after loan losses fell.The Dutch state nationalised the local ABN AMRO and Fortis entities in 2008 after the dramatic failure of a three-pronged hostile takeover of ABN AMRO by Royal Bank of Scotland, Fortis and Banco Santander.The finance ministry has said it would start preparing a listing of ABN AMRO in 2013, with a possible initial public offering the following year. Finance Minister Jan Kees de Jager also said the state would keep its options open, but that a sale to another bank was less likely than an IPO.ABN AMRO’s chief executive, Gerrit Zalm, declined to comment on a possible deal with a strategic investor.“The ministry has said … an IPO is the most logical route and it would keep options open for alternatives,” Zalm told Reuters, and he declined to say whether there had been interest from potential buyers.That hasn’t stopped speculation in the market about a possible strategic sale to a larger European bank.“We regularly get questions from investment banks. But this is primarily a question for the shareholder. Every bank of course wants to do this IPO; it is quite prestigious,” ABN AMRO’s chief financial officer, Jan van Rutte, told reporters.Zalm, himself a former finance minister, said in a statement he welcomed the listing plans and he expected integration costs to fall “sharply” after €1.5bn (£920m) net costs related to the integration and separation from Fortis and RBS.ABN AMRO’s 2010 underlying net profit, which excludes the integration and separation costs, was almost €1.1bn, compared with €142m in 2009, mostly due to a halving of loan impairments to €837m, ABN said.ABN AMRO said profit also rose as net interest income climbed 15 per cent to €4.9bn because of better interest rate margins on loans, especially mortgages, and saving deposits.Overall, the bank reported a net loss of €414m for 2010 because of separation and integration costs, compared with a net profit of €274m in 2009.Van Rutte, chief financial officer, said he expected another €400m of integration costs this year and 200 million in 2012 but the expected total of €1.6bn would not be exceeded.The bank said operating expenses rose two per cent to a total of €305m due to “several large legal provisions and expenses relating to international activities conducted in the past” by its commercial, retail and private banking operations.The bank declined to give details, but ABN AMRO is one of several banks facing claims following the conviction of US swindler Bernard Madoff. alison.lock More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Friday 4 March 2011 7:37 amcenter_img whatsapp Share whatsapp Show Comments ▼ Tags: NULLlast_img read more

JP Morgan wins top spot for advisory

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com JP MORGAN cruised to first place in the global mergers and acquisitions (M&A) rankings for the first quarter of 2011 released by Dealogic yesterday, pushing Goldman into runner-up position.Goldman fell in the US M&A rankings as well, down to fifth place versus its place in the top spot last year. But the Dealogic tables make better reading for the bank than last week’s Thomson Reuters equivalent, which put it in tenth place on US M&A.Despite having mandates on $163.7bn’s (£102bn) worth of deals to JP Morgan’s $216bn during the quarter, Goldman generated more revenues from its business, bringing in $335m versus JP Morgan’s $304m.Credit Suisse retained first place in European M&A rankings for the quarter, advising on $99.5bn of deals. In Europe, Goldman was again pushed down by JP Morgan, which won deals worth $97.2bn.It was a good quarter for boutique firms, in part due to both Evercore and Greenhill getting places to advise AT&T on its $39bn bid for T-Mobile US.Bankers don’t view the tables as definitive measures of their progress, but consistent trends between data providers, such as Evercore’s rise and Goldman’s slow start to the year, usually draw attention.Overall, M&A volumes were up 15 per cent on the same quarter last year. whatsapp JP Morgan wins top spot for advisory Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrapcenter_img KCS-content Monday 28 March 2011 8:27 pm Show Comments ▼ Share Tags: NULLlast_img read more