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’Schwarzman: some of my best friends are old people
The front page splash in Thursday’s Daily Mail has certainly struck a nerve at private equity group Blackstone.
It’s just fired off the following statement:
A news report that appeared this morning on former Blackstone portfolio company Southern Cross was inaccurate and misleading.
EXCLUSIVE: MURDOCH CONTROLS ‘BANK’ FOR SUPER RICH (and poor)
If you register with Britain’s Financial Services Authority, you must be in the process of setting up an investment bank or something, right? And if you are doing that, then it must be for doing dodgy deals for squillionaires,
Snap news
Breaking pre-market news on Wednesday,
- BHP Billiton underlying EBITDA falls 22 per cent to $10.8bn – statement.
- Autonomy Corporation launches a £500m convertible bond offering – statement.
- SEB says Q4 profit fell to $35m as loan losses jumped – statement.
Daily Mail tanker outrage! (Day 2)
It’s day two of the Daily Mail’s campaign against tankers parked off the British coast. In case you missed “how the Daily Mail broke the story yesterday” you might care to check out FT Alphaville’s coverage here.
The Daily Mail discovers contango
We love talking about contango on FT Alphaville.
But no one, it turns out, can turn a nerdy market-structure story about the shape of the futures curve into an alarmist `evil speculator’ rant extraordinaire quite like the Daily Mail.
FOREIGNERS ARE STEALING OUR QUANTITATIVE EASING
That’s the thrust of Wednesday’s Daily Mail story:
Newly minted Bank of England cash is going abroadUp to half of the fresh cash being minted by the Bank of England is flooding abroad, official figures suggested yesterday.
Daily Mail – junk
Not our opinion, naturally.
LONDON (Standard & Poor’s) April 23, 2009–Standard & Poor’s Ratings Services said today that it lowered to ‘BB+’ from ‘BBB-’ its long-term corporate credit rating on U.K.-based newspaper and media group Daily Mail & General Trust PLC (DMGT).