RSS feedNedbank
’Snap news
Breaking pre-market news on Monday,
- HSBC confirms it’s in talks with Old Mutual on Nedbank majority stake — statement and statement.
- Petrofac posts first-half revenues of $2.13bn — statement.
Old Mutual still reviewing structure
Julian Roberts, chief executive of Old Mutual, said on Thursday that he hopes to reveal the future structure of the life assurance and banking group around its 2009 results next March. Analysts have long expected a break-up of the group’s diverse businesses and there has been renewed speculation that Nedbank,
Stan Chart reported to be eyeing SA buy
Merger mania in the financial sector may be moving to the southern hemisphere. There was evidence of the trend in London on Thursday as shares in Old Mutual, the big South African insurer, made a rare appearance at the top of the FTSE 100 leaderboard,