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’Snap news
Breaking pre-market news on Thursday,
- Carrefour, Europe’s No 1 retailer, warns on 2011 profit — statement.
- Big sales miss at Sony Ericsson — statement.
- Pearson expects adjusted EPS growth of 10 per cent in 2011 — statement.
You’ve paid how much? – LSE edition
A few years back, the FSA warned banks to be careful about their choice of code words in M&A deals:
Use appropriate code names to disguise the identities of relevant parties. This only works if the code names are sufficiently different from the names of the relevant parties so their real identities cannot be determined.
Snap news
Breaking pre-market news on Monday,
- Pearson sells 50 per cent stake in FTSE to the London Stock Exchange for £450m — statement and statement.
- France’s Areva to announce big loss; shares suspended pending statement — statement.
All Know Holdings vs SEC
Securities and Exchange Commission Civil Action No 11 CV 8605.
Presented without comment, obv.
SEC FREEZES ASSETS OF FOUR CHINESE CITIZENS CHARGED WITH INSIDER TRADING
On December 5, 2011, the Securities
Snap news
Breaking pre-market news on Tuesday,
- Resolution to return £500m to shareholders; £250m share buyback starts Wednesday — statement and statement.
- PPR in talks to make large acquisition in luxury sector — report.
Snap news
Breaking pre-market news on Monday,
- Arcus European Infrastructure makes indicative £16.30p a share cash offer for Forth Ports; due diligence commences – statement.
- LVMH buys Bulgari for €3.7bn in shares — statement.
Snap news
Breaking pre-market news on Monday,
- Centamin Egypt says not affected by official ban on gold exports — statement and report.
- Pearson says adjusted operating profit up 15 per cent to £857m — statement.
Markets Live: Special edition
Save the date.
On Monday, February 28, Robin Freestone, the chief financial officer of our parent company Pearson, will be appearing on Markets Live.
He’s agreed to take your questions on Pearson’s annual results (which will have been published earlier in the day) and the education/media industry.
Snap news
Breaking pre-market news on Wednesday,
- Pearson raises 2010 profits guidance to £850m — statement.
- Kesa Electricals says weather had 2 per cent impact on sales — statement.
- ASOS retail sales up 59 per cent – statement.
Snap news
Breaking pre-market news on Monday,
- Rolls Royce wins £1.8bn contract to supply Air China with 20 engines — statement.
- QinetiQ wins $1.959bn engineering contract with NASA — statement.
- Taylor Wimpey announces £100m facility agreement and £200m senior notes offering — statement.
Snap news
Breaking pre-market news on Monday,
- Puma to restate 2009 results after ‘irregularities’ at Greek joint venture partner — statement.
- Pearson expects adjusted EPS 10 per cent ahead of last year;
Snap news
Breaking pre-market news on Monday,
- Connaught breaks bank covenants, identifies urgent need for cash – statement.
- Pearson upgrades full-year outlook – statement.
- Tullow Oil makes excellent quality discovery offshore Ghana – statement.
Snap news
Breaking pre-market news on Wednesday,
- Icap says it made a good start to new financial year, to pay dividend of 17.55p – statement.
- Land Securities says net asset value rose 16.5 per cent to 691p a share in past year – statement.
Snap news
Breaking pre-market news on Monday,
- Prudential requests temporary suspension of its shares, confirms AIA talks – statement.
- Resolution says not in talks to buy Prudential’s UK business – statement.
Snap news
Breaking pre-market news on Tuesday,
- Lloyds Banking Group sells Bank of Scotland portfolio management service to Rathbone £35.4m – statement.
- Balfour Beatty wins US contract worth $449m – statement.
CDS report: Credit market rally powers on
This CDS report was written by Markit’s Gavan Nolan
Lacklustre equity markets did little to slow the relentless rally in credit. The Markit iTraxx Europe index was closed at 92bp, off the sub-90bp levels reached this morning but still over 3bp tighter than Friday’s close.
Pearson capital-raising plan rebuffed
Pearson, the educational publisher and owner of the FT, has been rebuffed after sounding out investors last week about a possible £270m capital-raising. The company asked some top shareholders to support a placing of new shares equivalent to 5% of the group,
Pearson gives market upbeat outlook
Pearson met or exceeded its previous guidance for 2008 in all its businesses, the publisher said Monday, bucking a run of bearish announcements from rival educational, book and newspaper companies. The owner of the FT said in a trading update it expected full-year headline earnings growth of about 20%,
Snap news
The latest on Thursday,
- Credit Suisse confirms net loss of CHF 1.3bn in Q3 – statement
- Pearson increases stake in Maskew Miller Longman to 85% – statement
- Wolseley shutters US businesses – statement
- Corporate results:
Pearson to sell German FT Stake
Pearson, owner of the FT, said Wednesday it agreed to sell its 50% stake in the FT Deutschland newspaper to a unit of German media giant Bertelsmann AG, as expected, reports the Wall Street Journal. Bertelsmann,
Pearson rallies on optimistic expectations
Shares in Pearson rallied on Tuesday on news that the educational publisher, which owns the FT, expected its earnings for last year to match or beat analysts’ expectations. The group used a year-end trading update to say it was confident of “financial and competitive progress” this year,
Spiegel rejects FT Deutschland stake
German magazine publisher Spiegel-Verlag Rudolf Augstein’s plan to buy a 50% stake in the FT’s German sister paper, FT Deutschland, from Pearson was teetering after the publisher’s staff voted to reject the deal,
Pearson eyes sale of FT Deutschland stake
Pearson, publisher of the FT, is understood to be considering the future of FT Deutschland after receiving a proposal to buy its 50 per cent stake in the FT’s German-language sister paper from the publisher of Der Spiegel.
Murdoch in sight of Dow Jones
Rupert Murdoch’s News Corp edged closer to winning control of Dow Jones on Thursday as Pearson and General Electric said they had decided against a counter-bid for the publisher of the Wall Street Journal.
Dow Jones board to talk to News Corp
Dow Jones’s board of directors is to begin direct negotiations with Rupert Murdoch’s News Corp on a possible sale of the media group and its flagship, The Wall Street Journal. The announcement came as the Bancroft family,
CDS report: Deals and rumours of deals push single-names wider
Single-name action dominated the European credit derivatives markets on Monday morning.
The cost of insuring Akzo Nobel’s debt against default rose after news broke of its spurned $14.2bn offer for Imperial Chemicals Industries.
GE to decide on Dow Jones bid with Pearson
General Electric will decide within days whether to team up with Pearson, owner of the FT, to counter News Corp’s $5bn bid for Dow Jones, which owns the Wall Street Journal. One option under discussion between GE,