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.... Apple accounts for half Imagination’s revenues, and its shares slumped 70% on the day of the news. Imagination said on Thursday that “over the last few weeks it has received interest from a number of parties for a potential acquisition of the whole group. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 08:03:55 AM
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Latest Finance News related to Acquisition

Imagination puts itself up for sale amid Apple dispute image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:03:55 AM
.... Apple accounts for half Imagination’s revenues, and its shares slumped 70% on the day of the news. Imagination said on Thursday that “over the last few weeks it has received interest from a number of parties for a potential acquisition of the whole group. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
.... The biggest and most frightening beast in the retail jungle has signalled it is serious about the grocery business. Jeff Bezos’s monster is making its largest ever acquisition by paying $13. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
....4% to £461m in the year to 3 April but it slid £1. 5m into the red partly as a result of costs related to the acquisition of Naked and more investment in stores and staff. ...
EDF Energy's Vincent de Rivaz to step down after winning Hinkley battle image
....The outgoing chief executive led EDF’s successful but often torturous efforts to clinch a subsidy deal with the government for nuclear reactors at Hinkley Point C in Somerset. He also oversaw its acquisition of Britain’s ageing nuclear infrastructure in 2008. ...
General Electric says CEO Jeff Immelt is stepping down image
Source : Guardian [Read Article] Monday 12th of June 2017 12:14:10 PM
....It also invested more heavily in new technologies, including a recent $1. 65bn acquisition of LM Wind Power, a Denmark-based manufacturer of rotor blades for wind turbines. ...
L’Oréal to sell Body Shop to Brazil's Natura in €1bn deal image
Source : Guardian [Read Article] Friday 9th of June 2017 10:45:16 AM
....3%. Natura said the acquisition would help it take a “decisive step towards internationalisation”. ...
Alphabet sells off 'BigDog' robot maker Boston Dynamics to Softbank image
....The company was acquired as part of a hiring spree by Android co-creator Andy Rubin, who moved from Google’s smartphone business to head up a new initiative at the company, code-named Replicant, which was intended to bring Google a lead in the robotics space. Within a year of the acquisition, however, Rubin had quit Google to start smartphone company Essential, leading Replicant leaderless and rudderless and Boston Dynamics with little pressure to integrate with its new corporate parent. ...
Taming the giants image
Source : BBC [Read Article] Thursday 8th of June 2017 11:38:02 PM
....". John Kwoka, a professor of economics at Northeastern University in Boston, believes that taking a tougher line on mergers and acquisitions won't necessarily be enough to combat the rising power of giants like Amazon. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
....So far, however, the picture for British Steel has been more Monarch than Comet. The plant was back in the black within 100 days of its acquisition from Tata in June 2016. ...
Selling up or selling out? image
Source : BBC [Read Article] Wednesday 31st of May 2017 11:18:14 PM
.... . "If you talk to founders three or so years after the acquisition - you find most are disillusioned," he says. ...
Bumper bonus: four directors grab £40m each in City payday image
Source : Guardian [Read Article] Wednesday 31st of May 2017 11:58:59 AM
....3m last year. Excluding restructuring, acquisition and disposal costs, it made an underlying pretax profit of £96m, with revenues of £889m. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
. Edinburgh Woollen Mill has confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-store department chain. ...
Mapping a new frontier image
Source : BBC [Read Article] Thursday 25th of May 2017 11:09:51 PM
....All of this research provided only a fraction of the full picture. So the team looked into Facebook's acquisitions, and scoured its myriad patent filings. ...
Halfords profits hit by weak pound image
Source : BBC [Read Article] Thursday 25th of May 2017 07:13:06 AM
....2% to nearly £1. 1bn, boosted by the acquisition of upmarket bike business Tredz/Wheelies. ...
Ineos buys Dong Energy's oil and gas business in £1bn deal image
Source : Guardian [Read Article] Wednesday 24th of May 2017 04:16:05 PM
....Anglo-Swiss chemicals firm Ineos has bought the oil and gas business of Dong Energy for £1bn, a major milestone in the Danish company’s switch from hydrocarbons to renewable energy. The acquisition is the latest in a buying spree by Ineos, which recently bought a significant North Sea oil pipeline for £200m from BP, and takes it from 28th biggest oil and gas producer in the region to the top 10. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... The period in question includes the critical months between the failure of Bear Stearns in March 2008 and the full disaster that arrived with the collapse of Lehman Brothers in September of that year. How seriously did the board contemplate the possibility that funding conditions could get much, much worse? And how credible was the assessment of the quality of assets that RBS had acquired the previous year with its acquisition of ABN Amro?. ...
Could citizens’ wealth funds halt the dominance of the financial elite? image
....Part of the finance could come from the revenue from natural resource exploitation – from minerals (including shale gas) and land to the licencing of the airways. Other sources could include occasional one-off taxes (paid in shares) on windfall profits, and a direct charge on those financial and commercial transactions – such as merger and acquisition activity – which redistribute corporate wealth upwards. ...
EU fines Facebook over 'misleading' WhatsApp data claim image
Source : BBC [Read Article] Thursday 18th of May 2017 08:12:36 AM
....". Richard Craig, an IT, telecoms and competition expert from law firm Taylor Wessing, said the fine showed that companies had to be more open with regulators during mergers and acquisitions. ...
Shining armour image
Source : BBC [Read Article] Sunday 14th of May 2017 11:02:35 PM
....Gaming industry expert Dan Maher says that Rebellion has been particularly praised for its custodianship of the 2000 AD comic book. "As the name suggests, the company prides itself on going against the grain, using the money earned from an industry driven by bleeding-edge technology to make uncynical acquisitions in the traditional publishing sector," says Mr Maher. ...
Improbable sums? Cambridge graduates' tech firm raises $500m image
Source : Guardian [Read Article] Friday 12th of May 2017 08:24:58 AM
....Son, 59, is a serial dealmaker who has never shied away from ruffling feathers in his three decades building the tech to telecoms conglomerate. In 2012, he faced criticism when the company revealed a $22bn plan to take control of US mobile phone network Sprint, in what was the biggest foreign acquisition by a Japanese company at the time. ...
Chinese hackers must pay $9m over insider trading scam image
Source : BBC [Read Article] Thursday 11th of May 2017 12:04:50 PM
.... . The US Securities Exchange Commission (SEC) said Iat Hong, 26, Bo Zheng, 30, and Hung Chin, 50, breached the websites of US law firms and accessed confidential information about mergers and acquisitions. ...
Vodafone to close down pager business after CMA shock image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:55:15 AM
....A spokesman for Capita declined to comment on whether Vodafone's remaining customers will end up transferring to its PageOne business. He said: "We are disappointed that the acquisition has not been approved at phase one by the Competition and Markets Authority. ...
Coach bags New York rival Kate Spade for $2.4bn image
Source : BBC [Read Article] Monday 8th of May 2017 01:32:13 PM
....Kate Spade's handbags have found favour with millennials due to their subtle logos and quirky and colourful designs, including bags shaped like cats and cars. Victor Luis, chief executive of Coach, said the acquisition would allow his firm to target "a new customer segment". ...
BHP Billiton executives warned they could face charges if they shift company out of Australia image
....“Further, a proposal by an LSE-listed company to acquire the assets of BHP Billiton Limited would be a significant action under the FATA. Under the FATA, I am able to order that such an acquisition not occur if it is contrary to the national interest. ...
Sainsbury's weighs up franchise deals to boost Local network image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:08:00 PM
....Convenience stores are viewed as a major pillar of growth for Sainsbury’s as shoppers buy less in big stores. The supermarket chain’s pre-tax profits slid by 8% to £503m in the year to 11 March despite a near-13% rise in group sales to £29bn, partly thanks to the acquisition of Argos last year. ...
China's HNA becomes Deutsche Bank's biggest shareholder image
Source : BBC [Read Article] Wednesday 3rd of May 2017 05:46:08 AM
....8bn) of shares instead. HNA, which is privately run by billionaire Chen Feng, has been on a major acquisition spree in recent years. ...
Tata deal with Liberty House saves 1,700 UK steel jobs image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:40:38 AM
....The business will be known as Liberty Speciality Steels, with Jon Boulton appointed as chief executive. The acquisition makes Liberty one of the biggest steel and engineering employers in the UK with more than 4,500 workers. ...
Samsung self-driving cars take fight to Apple, Uber and Google's Waymo image
....The South Korean chaebol completed its $8bn (£6. 2bn) acquisition of US automotive and audio supplier Harman International in March, a move it said would help Samsung seize on the transformative opportunities autonomous vehicle technology could bring. ...
Liberty House creates 300 extra steel jobs image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:51:57 AM
....It said it was making multi-million-pound investments to secure the future of five sites across the North of England and West Midlands. The acquisition will make Liberty one of the largest steel and engineering employers in the UK, with more than 4,500 workers. ...
Bankruptcy risk as ‘desperate’ councils play the property market image
Source : Guardian [Read Article] Saturday 29th of April 2017 10:10:17 PM
....Responding for the government, Baroness Neville-Rolfe said it was up to the councils to assess risk. She said: “The Public Works Loan Board is not required to collect information on the specific reasons that local authorities borrow from it, and so it does not hold information about the amount of lending that has been used for acquisition of commercial real estate. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
.... Investors are increasingly petitioning the company to move faster with reforms. An acquisition would underscore the consolidation of the US food retail industry as the sector prepares to compete against online retailers including Amazon, stores like Walmart and discount chains such as Aldi. ...
Lloyds appoints ex-high court judge to review handling of HBOS fraud image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:03:08 AM
....Announcing the appointment of Dobbs, Lloyds said: “Dame Linda, a retired high court judge, has been selected for her considerable experience of working on fraud cases and track record of chairing enquiries. This independent assessment will cover the period following HBOS’s acquisition in January 2009, through to the conclusion of the criminal trial on 30 January 2017. ...
Isle of Wight Festival takeover bid by Live Nation investigated image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:47:24 AM
....Isle of Wight Festival founder John Giddings said the partnership would "give us the ability to access the company's scale and talent pool, bringing more acts and a better experience to the UK". Live Nation has been on a buying spree recently, making eight major acquisitions worldwide in 2016, while the Isle of Wight Festival deal marked its sixth so far this year. ...
Boohoo online fashion retailer sees its profits double image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:17:43 AM
.... "They don't have to follow the lead of, say Marks and Spencer," says Peel Hunt's John Stevenson. Over the past 12 months, Boohoo has bolstered its international expansion plans through its £20m acquisition of struggling US fashion site Nasty Gal, which it completed in February. ...
Most global investors recognise financial risk of climate change, report finds image
.... Macquarie, the sole Australian investment manager included in this index, rated a D. The report said this was “a cause for concern giving its impending acquisition of the UK’s Green Investment Bank” and called on it to “dramatically improve its climate credentials”. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
....Mr Arnault said the move would be an "important milestone" and underlined the confidence of his family group in LVMH. "The corresponding transactions will allow the simplification of the structures, long requested by the market, and the strengthening of LVMH's Fashion and Leather Goods division thanks to the acquisition of Christian Dior Couture, one of the most iconic brands worldwide," he said. ...
Luxury goods giant LVMH grabs full control of Christian Dior image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:15:06 AM
....Arnault, France’s richest man and chief executive of LVMH, which was formed from the 1987 merger of fashion house Louis Vuitton with champagne and cognac producer Moët Hennessy, hailed the deal as an “important milestone” for the group. He said the transactions demonstrated his family’s commitment to LVMH and would result in “the simplification of the structures, long requested by the market, and the strengthening of LVMH’s fashion and leather goods division thanks to the acquisition of Christian Dior couture”. ...
The new status symbol: it’s not what you spend – it’s how hard you work image
.... Today’s captains of industry publicize their social position with private islands and superyachts while the president of the United States covers nearly everything he owns in gold. But the acquisition of insanely expensive commodities isn’t the only way that modern elites project power. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
....“Founded on Fit, Focused on Style, Built on Service” – that’s the retail promise offered by Bonobos, the men’s e-tailing business that’s being courted by Walmart and idolized by the garment industry as a model for reviving US retail woes. The $300m acquisition of the chain, which has more than two dozen stores or “guideshops” in key cities like Chicago, New York and Atlanta, is likely to be announced imminently, according to industry sources. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....Sports Direct, majority owned by its chief executive Mike Ashley, is under pressure after a Guardian investigation in 2015 into its working conditions and investor criticism of its corporate governance standards. Analysts said the US acquisition would distract the company from efforts to lift its UK performance. ...
Reckitt Benckiser says Mead Johnson takeover on track image
Source : BBC [Read Article] Friday 21st of April 2017 07:17:50 AM
. Consumer goods giant Reckitt Benckiser has confirmed its acquisition of baby formula firm Mead Johnson should be completed by the end of September. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....“Combining together two category leaders [Alpen] continues our strategy of strengthening our portfolio in stable categories and diversifying into new markets, bringing much-loved brands to significantly more customers globally. We are excited about the growth opportunities that this acquisition brings. ...
Weetabix to be sold to US company Post Holdings image
Source : BBC [Read Article] Monday 17th of April 2017 11:07:28 PM
....Weetabix - made in the UK since 1932 - was put up for sale in January by China's Bright Food, which bought a 60% stake in 2012. Bright's acquisition was the largest by a Chinese firm at the time, but it is believed to have struggled to build significant market share in China. ...
Boutique gin and whisky boom spooks big spirit brands image
Source : Guardian [Read Article] Sunday 16th of April 2017 11:01:07 PM
....”. The boom in the sector is also being fuelled by a flurry of merger and acquisition activity, as the global giants attempt to get in on the artisan market. ...
Netflix nudges 100m subscribers but what next for the streaming giant? image
Source : Guardian [Read Article] Saturday 15th of April 2017 09:00:21 AM
.... The big returning titles this year are not film sequels but new series of Netflix smashes: House of Cards, Stranger Things, Orange is the New Black and Bloodline are all returning. Referring to the catalogue changes, Broughton added: “To some extent, churn in catalogue is always going to happen – it’s how services keep their platforms looking fresh – but these are examples in a wider trend of focusing the catalogue on newer and more targeted acquisitions and original content. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
....BPO, which also wrote to Field last month, said: “BPO made an offer to acquire the whole of the share capital of Bernard Matthews which would have entailed BPO taking on the Bernard Matthews pension scheme and its deficit, but this offer was rejected by Rutland and its advisers. “Mr Boparan takes his responsibilities with regard to pension commitments extremely seriously and this can be evidenced by the way that he has increased his funding to the Northern Foods pension scheme since its acquisition by BHL [Boparan Holdings Limited, another family vehicle]. ...
Toshiba's US nuclear problems could provide cautionary tale for UK image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
.... Regulatory issues had also delayed construction. Toshiba’s losses stem from Westinghouse’s acquisition in 2015 of the nuclear construction business CB&I Stone & Webster, which it hoped would solve the delays on the two sites. ...
Sensors, scanners and surveillance: at the expo to outfit Trump's border wall image
.... He has given me an order. We’re following that order,” said Mark Borkowski, head of acquisitions for US Customs and Border Protection (CBP). ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....For corporate lending, the Bank said its survey showed that following “significant falls” in demand from small and medium-sized businesses in the final three months of 2016, there were further falls in demand for lending from medium-sized businesses in the opening months of 2017. “Lower capital investment was reported to be exerting a significant drag on demand for corporate lending in the first quarter, although increased merger and acquisition activity had pushed up on demand,” the Bank’s report on its survey said. ...
Imax reveals European cinema expansion plan image
Source : BBC [Read Article] Tuesday 11th of April 2017 02:38:08 PM
....". AMC is making the investment five months after taking over Odeon and a month after its acquisition of Nordic Cinemas. ...
Rupert Murdoch's Sky takeover approved by European regulator image
Source : Guardian [Read Article] Friday 7th of April 2017 04:07:03 PM
.... “Fox and Sky are mainly active in different markets in Austria, Germany, Ireland, Italy and the UK. They compete with each other only to a limited extent, mainly in the acquisition of TV content and in the wholesale supply of basic pay-TV channels. ...
Lloyds expects payouts to HBOS fraud victims to total £100m image
Source : Guardian [Read Article] Friday 7th of April 2017 08:16:49 AM
....The lender added that it has already “suffered losses and/or provided for at least £250m of credit losses” in relation to the affected cases at HBOS Reading in previous financial periods. Lloyds also announced it would appoint a senior independent lawyer to consider whether the issues relating to HBOS Reading were investigated and appropriately reported to authorities at the time, following its acquisition of HBOS. ...
£100MILLION - that's how much Lloyds expects to pay out in fraud compensation image
....The lender added that it has already "suffered losses and/or provided for at least £250 million of credit losses" in relation to the affected cases at HBOS Reading in previous financial periods. Lloyds also announced that it will appoint a senior independent lawyer to consider whether the issues relating to HBOS Reading were investigated and appropriately reported to authorities at the time, following its acquisition of HBOS. ...
Unilever bins Flora – but butters up its shareholders | Nils Pratley image
Source : Guardian [Read Article] Thursday 6th of April 2017 06:21:41 PM
.... In purely business terms, one listing in one currency is better than two in two. It makes acquisitions simpler. ...
Heathrow owner halts future UK investment over Brexit image
Source : BBC [Read Article] Thursday 6th of April 2017 08:20:31 AM
....Brexit may even have "positive side effects", including a more favourable view of Heathrow expansion, he added. The comments referred to future merger and acquisition deals, Ferrovial said. ...
Krispy Kreme owner pays $7.5bn for Panera Bread chain image
Source : BBC [Read Article] Wednesday 5th of April 2017 04:05:19 PM
....JAB Holdings also controls coffee brands Douwe Egberts and Peet's, as well as the luxury shoe maker Jimmy Choo and beauty firm Coty. The acquisition is the biggest US restaurant deal, according to S&P Global Market Intelligence. ...
RBS plan faces European Commission investigation image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:42:35 PM
....The divestment was one of several requirements from the European Commission, in giving permission for the government bail-outs of RBS in 2008 and 2009. It also had to sell some overseas operations and divisions, slim its balance sheet substantially, and it was barred from further acquisitions. ...
Oath is new name for AOL-Yahoo combined company image
Source : BBC [Read Article] Tuesday 4th of April 2017 06:55:15 AM
. Verizon plans to combine AOL and Yahoo into a new company called Oath, after completing the acquisition of Yahoo. ...
Reckitt Benckiser slashes boss's pay by 40% image
Source : BBC [Read Article] Friday 31st of March 2017 02:22:16 PM
.... . It also said it would be reducing his share awards for 2017 if RB's proposed acquisition of Mead Johnson went ahead. ...
Paramount looks to Disney model to recover after string of flops image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:13:26 PM
....Paramount, which used to distribute films for Marvel and Dreamworks, never got off the start line when they were sold. However, buying success through acquisitions is not the only way to get to build a competitive film studio. ...
Johnston Press reports £300m loss after huge newspaper writedown image
Source : Guardian [Read Article] Wednesday 29th of March 2017 08:59:13 AM
....3m in profits in the eight months to the end of last year. The company said the non-cash writedown related to a string of acquisitions in the early part of this century, such as the Scotsman newspaper group, which was acquired for £160m in 2005. ...
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
....Westinghouse is a behemoth in the world of nuclear vendors, with its technology in about half the world’s reactors. But it is facing a writedown of billions of dollars over its acquisition of a nuclear construction and services business. ...
Amazon to buy Middle East online retailer Souq image
Source : BBC [Read Article] Tuesday 28th of March 2017 10:08:10 AM
....". Souq chief executive and co-founder Ronaldo Mouchawar said: "We are guided by many of the same principles as Amazon, and this acquisition is a critical next step in growing our e-commerce presence on behalf of customers across the region. ...
Tesco warned over cost of £3.7bn Booker takeover image
Source : BBC [Read Article] Monday 27th of March 2017 06:47:15 PM
...."Tesco have had to pay a premium and have made an assumption that profits are going to continue to grow in the future. "History suggests that the vast bulk of acquisitions destroy value for the acquiring shareholders in instances where you buy a high multiple. ...
Two Tesco shareholders oppose £3.7bn takeover of wholesaler Booker image
Source : Guardian [Read Article] Monday 27th of March 2017 06:04:28 PM
.... It was first reported by the Financial Times. The letter adds: “All management teams believe that their acquisitions will create value. ...
Unilever bids to heal shareholder rift amid 'garage sale' warnings image
Source : Guardian [Read Article] Sunday 19th of March 2017 01:46:15 PM
....Private equity groups including CVC and Bain Capital are weighing up plans for a £6bn bid for the division, according to reports, while Kraft Heinz could also target the business as a less ambitious alternative to its bid for the entire company. The company is also pondering raising up to $15bn to fund medium-sized acquisitions and a sizeable special dividend or buyback to pacify more fractious investors. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
.... “London universities have over a quarter of a million full-time students, almost 70% of which are unable to access university or private sector accommodation,” said Howard Meaney, head of real estate UK for UBS’s Triton fund. “This demographic creates a demand profile which, combined with a lack of supply of direct-let purpose-built student accommodation, makes Orient House an exciting acquisition. ...
Balfour Beatty returns to profit image
Source : BBC [Read Article] Thursday 16th of March 2017 08:18:30 AM
...."The transformation of Balfour Beatty is well under way," he said. The company said that, by 2014, it had become overly complex following more than a decade of acquisition-led growth. ...
TV company behind Question Time could sell for up to £300m image
Source : Guardian [Read Article] Wednesday 15th of March 2017 03:54:39 PM
.... The broadcaster has shown an appetite for picking up one of the few remaining independent players in the UK market, having unsuccessfully mounted a £1bn bid for Canadian-headquartered but UK-listed Entertainment One. Adam Crozier, the chief executive of ITV, has spent more than £1bn on acquisitions, building an international TV production powerhouse to reduce its reliance on advertising revenue. ...
Unilever chief calls for tougher takeover safeguards image
Source : BBC [Read Article] Tuesday 14th of March 2017 07:14:02 PM
.... . The so-called "put up or shut up rule" was changed in 2011 by the Takeover Panel, the body which polices mergers and acquisitions, so that from the day a company announces it has received an approach, the business making the offer has 28 days to put forward a firm bid. ...
Toshiba looking to sell Westinghouse nuclear business image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:21:39 AM
....Assets that it took on are likely to be worth less than initially thought and there is also a dispute about payments that are due. Requesting permission for the new delay to its results, Toshiba said some US senior managers had exerted "inappropriate pressure" in the way the acquisition of a nuclear plant construction company had been dealt with in its accounts. ...
Top executives may be brilliant – but their pay's about timing and luck image
....3bn company splashes out £1. 9bn on a “transformational” acquisition, paying half in shares and half in cash, what do you get three years later? The answer, in the case of Amec, which spent the sum on US group Foster Wheeler in 2014, is a pile of trouble, towering debts followed by submission to Wood Group’s all-share takeover offer at only £2. ...

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