Thursday, 25 Apr 2024

Analysis & Comment

Read the latest Analysis & Comment News from around the UK. Get all the headlines, pictures, video and analysis on the stories that matter to you…

Shane Coleman: 'One thing is sure: it's all to play for…'

In three weeks’ time, the counting of votes will be under way. Twenty days out from polling day, here are my predictions on how each constituency might play out. Carlow-Kilkenny (5 seats) John McGuinness and Bobby Aylward of Fianna Fail and John Paul Phelan (FG) look safe. Then it’s between FG’s Pat Deering, FF’s Jennifer […]

Stanley Black & Decker in talks to acquire CAM-sources

(Reuters) – U.S. toolmaker Stanley Black & Decker Inc (SWK.N) is in talks to acquire Consolidated Aerospace Manufacturing LLC (CAM), in a bid to expand its offerings to the aerospace sector, people familiar with the matter said on Friday. The attempted deal illustrates how Stanley Black & Decker is seeking to diversify its business beyond […]

Green Investment Bank agrees power supply deal with Eramet Norway

LONDON (Reuters) – Macquarie’s Green Investment Bank said it has entered into two long-term power purchase agreements with Eramet Norway to supply power to its Norwegian smelters from two wind farms. Eramet Norway, part of the French mining group Eramet (ERMT.PA), is a manufacturer of manganese alloys for the global steel industry. It has an […]

Apollo, Greybull, LOT to bid for Thomas Cook airline Condor: source

FRANKFURT (Reuters) – Condor, the airline that used to belong to Thomas Cook, has attracted interest from buyout groups Apollo (APO.N) and Greybull as well as Polish carrier LOT, which are expected to submit final bids next week, a person close to the matter said. Each of the bidders could tie up with some of […]

Caltex Australia inks confidentiality deal with Couche-Tard, hopes for higher offer

(Reuters) – Takeover target Caltex Australia (CTX.AX) has signed a confidentiality agreement with Alimentation Couche-Tard (ATDb.TO) that gives the Canadian firm access to select non-public information in the hope that it will raise its offer. The agreement announced on Thursday comes as interest in the Australian petrol pump and convenience store operator is building from […]

PG&E nears deal with Pimco, Elliott on restructuring plan: Bloomberg

(Reuters) – Bankrupt California power producer PG&E Corp (PCG.N) is nearing a deal with creditors that would entitle them to a mix of equity and new debt if they scrap their rival restructuring plan, Bloomberg reported on Tuesday, citing people familiar with the matter. Under the deal being negotiated by creditors led by Elliott Management […]

Hong Kong regulator ends UBS' IPO sponsorship ban early

HONG KONG (Reuters) – Hong Kong’s markets watchdog lifted UBS’s (UBSG.S) ban on leading initial public offerings (IPOs) after 10 months, down from an initial one year, after a review of the bank’s enhanced governance processes, the regulator said on Tuesday. The Securities and Futures Commission (SFC) lifted the ban on UBS, put in place […]

Activist investor Driver Management wants Community Bankers Trust to sell itself

(Reuters) – Driver Management Company LLC, an activist investor targeting U.S. banks, said on Monday it wanted Community Bankers Trust Corp (ESXB.O), the holding company for Virginia community bank Essex Bank, to sell itself. In an open letter to other Community Bankers shareholders reviewed by Reuters, Driver said it was worried the bank was losing […]