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Financial Times
PPR set to buy men's wear brand Brioni - Financial Times
The deal is worth around €220m in equity, while PPR is also taking on Brioni's net debt of around €90m, according to people familiar with the matter. Brioni is forecast to make earnings before interest, tax, depreciation and amortisation of €21m in ...
Credit Suisse to reveal client names to IRS - Financial Times
Some bankers, who asked not to be named, said the fact that the US had chosen to work via established legal channels in gaining the Credit Suisse information demonstrated Washington was willing to accept a negotiated settlement to the latest row. ...
Nexon set for Japan's biggest IPO of 2011 - Financial Times
By Song Jung-a in Seoul Nexon, a South Korean online games developer, aims to raise up to Y100bn ($1.3bn) in an initial public offering in Tokyo, which would be the largest Japanese IPO this year, according to a person close to the plans. ...
Greek referendum to focus on EU role - Financial Times
People may lash out with a No vote or just turn their backs,” said a person close to the New Democracy leadership. According to people close to Pasok, Mr Papandreou believes that he can win a referendum by phrasing the question as a matter of Greece's ...
Rabobank to test bond market with Samurai issue - Financial Times
The Netherlands-based bank could issue a minimum of Y50bn ($659.3m) of the bonds, according to a person familiar with the deal. Samurai bonds are yen-denominated debt issued by foreign entities. The issue should be attractive to conservative Japanese ...
Argentines face tighter forex controls - Financial Times
One banker, who did not want to be identified, said his customers had pulled 500m pesos ($118m, €83m, £73m) out of savings accounts last month, prompting his bank to halt loans this month. He said the government's move could backfire and prompt an ...
William Hill restores order at online arm - Financial Times
However, a person close to the company said the employees in Israel were worried their jobs could be moved to Gibraltar where WHO runs its consumer-facing websites. The firing of seven managers – all based in Tel Aviv – follows the resignation of the ...
Nasdaq plans European derivatives platform - Financial Times
... the US exchange operator, is planning to set up a European derivatives trading platform based in London in a bid to compete against Deutsche Börse, NYSE Euronext and the London Stock Exchange, three people familiar with the matter said. ...
Cash-equity swap for UK nuclear plans - Financial Times
“Ideally, every nuclear power station is meant to run for about 40 years, so your risk profile changes for the worse with every event that could threaten that kind of lifetime,” said the person briefed on the matter. Energy companies are weighing the ...
Berlusconi fights to save coalition - Financial Times
However, an official, who asked not to be named, said Mr Berlusconi had reported a compromise deal between the two sides. The prime minister was drafting a letter to the EU summit, a spokesman said. Further details were not available late on Tuesday. ...
Portugal's €2bn EDP stake sets up contest - Financial Times
It has not ruled out bidding, a person close to the situation said. GDF declined to comment. Iberdrola and RWE were not planning to bid. China's Three Gorges Corporation was among a list of potential bidders, industry sources said. ...
International eyes on Tunisian election - Financial Times
“It's going to be a tough few years,” said the western diplomat, speaking on condition of anonymity. “If democracy doesn't create jobs, it's going to be a long-term problem.” The diplomat said he and his colleagues in the embassies of Tunis were ...
Berlusconi opts for Bini-Smaghi - Financial Times
Government sources, who asked not to be identified, said Mr Berlusconi had chosen Mr Bini Smaghi, currently one of six members of the European Central Bank's executive board, in order to defuse a diplomatic row with France ahead of the European Union ...
Mercedes US chief dropped over 'irregularities' - Financial Times
“In the past he would have got a slap on the wrist,” one of the people briefed on the matter said on Wednesday. “Now the anti-corruption regime in Germany is so much stronger.” Last year Daimler paid almost $200m of penalties in the US to settle ...
Police seize €245m in UniCredit probe - Financial Times
UniCredit's funds were seized by the Italian tax police from an account held at the Bank of Italy, according to people familiar with the matter. Prosecutors have been undertaking the probe at least since 2009 when Italian media reported police searched ...
Canopius renews offer for Omega - Financial Times
This element of the offer is aimed at keeping Invesco in the combined entity as well as reducing the cash cost of the deal, according to a person close to the company. Omega updated the market on its discussions with potential bidders on Monday, ...
Air France-KLM shares up on reports chief to quit - Financial Times
He will also step down as chief executive of Air France, and be replaced in this position by Alexandre de Juniac, who previously was chief of staff to Christine Lagarde, the former French finance minister, according to a person familiar with the matter ...
Liquidnet attracts corporate share buy backs - Financial Times
Two other buy back programmes have been initiated on Liquidnet, although the corporations declined to be named. In total the three companies bought back nearly 20m shares for close to $1bn between July and September. “Liquidnet gives us information ...
Takeover Panel to rule on deadlines - Financial Times
... for property company DTZ, however, the deadline is expected to force SGP, the French family-run company that had been in talks to buy the global real estate consultancy, to admit that no imminent offer is forthcoming, a person close to talks said. ...
Volatile markets threaten EMI sale - Financial Times
EMI's recorded music division has attracted offers from Access Industries, which bought the rival Warner Music earlier this year, and Ronald Perelman's MacAndrews & Forbes investment group, according to people familiar with the matter. ...
Asia fundraising goes on despite fraud allegations - Financial Times
In Asia's biggest round of fundraising since the 2008 financial crisis, KKR is in the early stages of raising $4bn-$6bn, while TPG is aiming to raise $4bn and Bain Capital $2bn, according to people familiar with the matter. At the same time, ...
'Bad bank' key to new Dexia structure - Financial Times
“It is maybe not a bad bank, but it is a hollow bank, from an investor's point of view,” says one analyst, who asked not to be named. “They are selling what they can sell, and keeping what they cannot.” A few businesses will be left in Dexia. ...
Buy-out firms compete for Morgan Keegan - Financial Times
No date has yet been set for final bids but people familiar with the matter said they expected offers to come in the next two to three weeks. Blackstone, Thomas H Lee and Regions declined to comment. Carlyle did not respond to a request for comment. ...
US push to increase foreign investment - Financial Times
The report will seek a target of $1000bn over five years, a senior administration official said. Recommendations will include changes to tax policy to encourage foreign companies to invest – the US has the second-highest corporate tax rate in the ...
Dexia's chief battles 'bad bank' tag - Financial Times
“It is maybe not a bad bank, but it is a hollow bank, from an investor's point of view,” says one analyst, who asked not to be named. “They are selling what they can sell, and keeping what they cannot.” A few businesses will be left in Dexia. ...