RSS feedpearson
’Reverberations of the Bancroft volte-face
Heads are being scratched about the Bancrofts volte-face on the Murdoch bid for Dow Jones. Their statement reads as follows:
“As we have been since 1902, the Bancroft family remains resolute in its commitment to preserve and protect the editorial independence and integrity of The Wall Street Journal as well as the leadership,
Pearson to pay $477m for eCollege
Pearson, the publisher of the FT, has made its second US education acquisition in a week with a $477m (£241m) bid for eCollege, a Nasdaq-listed provider of online distance learning programmes. The bid,
CDS report – concern on Corus bond repurchase
The cost of insuring the debt of Corus against default rose sharply on Wednesday after concern grew that the credit default swaps of the Anglo-Dutch steelmaker could become worthless.
Five-year credit default swaps rose by 10 basis points,
CDS report: Sainsbury pension deficit souring bid
J Sainsbury was one of the biggest movers in the European credit derivatives market this morning after the UK supermarket group’s pension deficit and it potential harm it could do to any private equity bid was the subject of a number of stories in the weekend press.
CDS report: Valeo, Pearson in the buyout frame
Credit default swaps of Valeo, the French car parts group, widened sharply on Friday after a takeover approach from an investment fund.
Valeo’s five-year default swaps widened by 15 basis points, meaning it now costs €15,000 more to protect the company’s bonds against default,
Markets live transcript 23 Mar 2007
Markets live chat transcript for the chat ending at 11:56 on 23 Mar 2007. Participants in this chat were: Paul Murphy (PM) Robert Orr (RO)
PM: Welcome to Markets Live, Alphaville’s daily markets chat.
Lunch Wrap – FT Alphaville’s midday roundup
FT Alphaville’s Lunch Wrap is a round up of the top news and views on FT Alphaville and FT.com as at noon, London time.
—
- Permira’s German chief says hedge funds are serious rivals on bids
- TXU,
CDS report: Poor performance hits Alcatel, Tate & Lyle
Poor operating performance was the cause of two of the biggest moves in the European credit derivatives market this morning as the cost of protection rose on both Alcatel-Lucent, the telecoms equipment company,
CDS report: easing of the Crossover
Junk-rated European credit derivatives eased back from the record tight levels of yesterday in early trade on Friday with the iTraxx Crossover index trading back above the psychologically important level of 200bp.
CDS report: Bulls and bears face off in junk market
The index of junk-rated European corporate credit derivatives tested the significant 200bp level this morning after continually shaving the cost of protection against default over the first few weeks of the new year.
Markets live transcript 18 Jan 2007
Markets live chat transcript for the chat ending at 11:52 on 18 Jan 2007. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)
PM: Welcome to Market Live, Alphaville’s daily market chat.
KKR reportedly looking at Pearson buyout
Private equity firm KKR has started preliminary work on a £7bn leveraged buyout of Pearson, the parent company of the Financial Times, according to The Business magazine. At least one other leading private equity group is also circling Pearson,