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. The Competition and Markets Authority has opened an investigation into the planned £11bn merger of Standard Life and Aberdeen Asset Management. ... [Read full article on BBC ]
Monday 22nd of May 2017 02:48:09 PM
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....One might say the Co-op Bank’s 4 million retail customers would be a nice addition. So they would be, but they would arrive with unwanted baggage, such as the Co-op Bank’s “legacy” issues from its ill-fated Britannia merger in 2009 plus commercial and local authority lending operations. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 04:14:39 PM
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....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. ... [Read full article on Guardian ]
Monday 22nd of May 2017 08:00:18 AM
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Latest Finance News related to Merger

If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley image
....One might say the Co-op Bank’s 4 million retail customers would be a nice addition. So they would be, but they would arrive with unwanted baggage, such as the Co-op Bank’s “legacy” issues from its ill-fated Britannia merger in 2009 plus commercial and local authority lending operations. ...
CMA to examine Aberdeen/Standard Life merger image
Source : BBC [Read Article] Monday 22nd of May 2017 02:48:09 PM
. The Competition and Markets Authority has opened an investigation into the planned £11bn merger of Standard Life and Aberdeen Asset Management. ...
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. ...
Paul Polman: ‘I could boost Unilever shares. But cutting costs is not our way’ image
....Governments are listening. You won’t find the word “Unilever” in last week’s Conservative manifesto but the passage on reforms to rules on takeovers and mergers almost nodded at the Kraft saga, which illustrated the government’s lack of formal powers of intervention. ...
Mine craft: why BHP's strategic overhaul could help repel a hedge fund predator image
.... For one thing, it’s not even called that any more. As part of its “Think Big” rebranding theme, the world’s biggest mining company opted to shed the Billiton moniker it acquired in a 2001 merger with a Dutch-South African company and revert to its previous true-blue Aussie name. ...
Facebook fined £94m for 'misleading' EU over WhatsApp takeover image
Source : Guardian [Read Article] Thursday 18th of May 2017 08:56:52 AM
....When Facebook took over the WhatsApp messaging service in 2014, it told the commission it would not be able to match user accounts on both platforms, but went on to do exactly that. The commission found that Facebook staff knew in 2014 that it was technically possible to link WhatsApp phone numbers with Facebook users’ identities, contrary to their public statements about the merger. ...
EU fines Facebook over 'misleading' WhatsApp data claim image
Source : BBC [Read Article] Thursday 18th of May 2017 08:12:36 AM
....Facebook said the errors it had made were not intentional. In a statement, the Commission said: "The Commission has found that, contrary to Facebook's statements in the 2014 merger review process, the technical possibility of automatically matching Facebook and WhatsApp users' identities already existed in 2014, and that Facebook staff were aware of such a possibility. ...
Will Theresa May defend workers' rights? Don't hold your breath | Nils Pratley image
....He has been in the stock for more than 15 years, he said, so grumpiness is perhaps understandable. At the time of the grand merger in 2000, GSK’s share price was pushing £20. ...
Mining company BHP drops Billiton from name in $10m ad campaign image
Source : Guardian [Read Article] Monday 15th of May 2017 12:52:45 AM
.... We realised we had to start by telling people what BHP Billiton is and what we do,” the chief external affairs officer, Geoff Healy, said. The miner started out life in 1885 as the Broken Hill Proprietary Company, or BHP, and retained that name until its 2001 merger with Anglo-Dutch mining company Billiton Plc. ...
Final taxpayer shares in Lloyds Banking Group to be sold off image
Source : Guardian [Read Article] Sunday 14th of May 2017 02:28:48 PM
....6bn cost incurred by the government although the bank’s chief executive, António Horta-Osório, told last week’s AGM that the government would make at least £500m from the bailout. The return to the private sector has led to 57,000 job cuts – in part because of cost-cutting implemented in the merger but also subsequent efficiency drives to boost profitability. ...
Fake news or not, the future belongs to Facebook image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
....And social media, its reach ever more complete, its algorithms ever more sophisticated? It remains the elephant in the computer room. The Google/Facebook hegemony may survive, although mergers and reshuffles may mean some nominal change. ...
Just do it: the experience economy and how we turned our backs on ‘stuff’ image
.... A £25m arts centre to be built on a derelict plot that had not felt a cultural pulse since the closure, 15 years earlier, of the legendary Haçienda nightclub. It would be called Home, formed by the merger of two proud but financially imperilled institutions – the Cornerhouse cinema and gallery, and the Library Theatre Company – and would, its backers hoped, revive a forgotten corner on the city’s southern edge. ...
Improbable sums? Cambridge graduates' tech firm raises $500m image
Source : Guardian [Read Article] Friday 12th of May 2017 08:24:58 AM
.... “I asked myself whether I have run out of energy and ambition,” Son said. On Friday, it emerged that SoftBank, Sprint’s largest shareholder, and Sprint have had informal contact with T-Mobile owner Deutsche Telekom about a potential merger. ...
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 axes pager business 'based on ageing technology' image
Source : Guardian [Read Article] Wednesday 10th of May 2017 11:37:13 AM
....Vodafone’s withdrawal from the market will mean PageOne is the UK’s only remaining supplier of paging services across a wide area. Commenting before the company surprise decision to pull the plug on the division, the CMA said it was concerned that a merger of the two would result in price rises for customers and a poorer service. ...
Just Eat faces competition inquiry over Hungryhouse takeover image
Source : Guardian [Read Article] Wednesday 10th of May 2017 07:38:30 AM
.... Hungryhouse is Just Eat’s biggest UK rival. “Following its initial investigation into the merger, the Competition and Markets Authority has found that the companies are close competitors because of the similarity of their service and their broad geographical coverage,” the regulator said in a statement. ...
Aberdeen-Standard deal 'to cost 800 jobs' image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:34:28 AM
. About 800 jobs are to be cut in a planned merger of two of Scotland's biggest financial companies. ...
Energy regulator under scrutiny as both Tories and Labour vow to act image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:23:35 AM
.... Ironically, as chair there between 2011 and 2014, he oversaw the deregulation of the domestic energy market, ending the regulation of prices for householders. Earlier roles saw Nolan work as chief economist at the Irish communications regulator and manager of the mergers division at the country’s competition watchdog. ...
Standard Life and Aberdeen merger likely to mean 10% job losses image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:19:54 PM
. Standard Life and Aberdeen Asset Management expect to cut 800 jobs, nearly 10% of the firms’ total workforce, within three years of their looming merger, Standard Life said after announcing on Tuesday that the combined group will be named Standard Life Aberdeen. ...
Dulux owner Akzo Nobel owner rejects third PPG takeover bid image
.... . The company, which claims its own plans for growth are superior, has been urged to reject a merger by the Dutch government and its own workers. ...
BHP Billiton executives warned they could face charges if they shift company out of Australia image
.... “We take our foreign investment guidelines and regulations very seriously,” he told ABC Radio National on Thursday. “About 15 years ago, in 2001, BHP merged with another company and that merger was agreed to approval but subject to conditions including that BHP remain listed on the Australian stock exchange. ...
Lego Batman and CNN star as Time Warner profits rise image
Source : BBC [Read Article] Wednesday 3rd of May 2017 07:14:29 PM
.... . The company recorded $82m in costs associated with the pending merger. ...
Adam Crozier will leave ITV looking a picture of health image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 06:50:32 PM
.... Content is sold around the globe and a serious US production business created. In short, ITV has become the company it was meant to be after the merger of Carlton and Granada in 2004. ...
New Zealand media merger: watchdog blocks tie-up of biggest print companies image
. A media merger between New Zealand’s two largest print media companies has been rejected because it would have concentrated ownership to an “unprecedented level” and reduced healthy competition in the newspaper sector. ...
If Barclays CEO is shown the door, let it be for the right reason | Nils Pratley image
.... Those folk will still be doing their jobs, and in some cases could be given bigger roles, which would mean a pay rise. They are the gainers from the merger. ...
Ocado shares boosted by M&S deal report image
Source : BBC [Read Article] Tuesday 2nd of May 2017 07:52:03 AM
.... . The fund manager also said that its planned merger with Standard Life was "on track" and should be completed later this year. ...
Google and Facebook duped in huge 'scam' image
Source : BBC [Read Article] Friday 28th of April 2017 10:47:03 AM
...."The request is usually time-sensitive and often coincides with the close of business hours to make verification of the request difficult," the report explained. "Such attacks often take advantage of publicly reported events such as mergers, where there may be some degree of internal flux and uncertainty. ...
United Airlines to offer up to $10,000 for passengers to give up seats image
Source : Guardian [Read Article] Thursday 27th of April 2017 02:43:53 PM
....”. Dao’s ejection sparked a national conversation on airlines’ treatment of customers in an industry that comprises just a handful of competitors after years of mergers and consolidations. ...
Isle of Wight Festival takeover bid by Live Nation investigated image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:47:24 AM
....The Competition and Markets Authority (CMA) is investigating whether the takeover would lead to a "substantial lessening of competition". It said it had asked Live Nation and the festival to operate separately until it had agreed any merger. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
....As well as LVMH and Dior, he also owns stakes in French luxury goods rival Hermes and supermarket chain Carrefour. LVMH, which was created through the merger of Louis Vuitton and Moet Hennessy, owns more than 70 brands worldwide. ...
Luxury goods giant LVMH grabs full control of Christian Dior image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:15:06 AM
.... The latest transactions will bring the whole Christian Dior brand under one roof, from fashion to fragrances. 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. ...
Offer for Dulux owner AkzoNobel raised again image
Source : BBC [Read Article] Monday 24th of April 2017 11:08:17 AM
...."AkzoNobel's standalone plan also will require substantial restructuring; potentially decreases free cash flow, putting future and accelerated growth plans of the demerged companies at risk," added PPG. PPG said that by contrast a merger of the two firms would lead to savings of at least $750m a year for the combined firm. ...
LafargeHolcim chief steps down after Syria investigation image
Source : BBC [Read Article] Monday 24th of April 2017 11:03:37 AM
.... . LafargeHolcim was formed in 2015 by the merger of the French Lafarge company and its Swiss rival Holcim and now has its headquarters in Switzerland. ...
Five-a-side firms Goals and Powerleague in merger talks image
Source : BBC [Read Article] Monday 24th of April 2017 10:24:36 AM
. Shares in Goals Soccer Centres jumped after the five-a-side football firm confirmed it was in early-stage talks with rival Powerleague over a possible merger. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
....Last year, he said Donald Trump's anti-trade policies would lead to a global depression, but he opposed new financial rules introduced under former President Barack Obama and is likely to support some of the changes contemplated by the new regime. His firm's investment strategies range widely, from buying distressed debt, to intervening during mergers. ...
Tata Steel offers £520m pensions payment in bid to secure future image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:14:48 PM
.... Trustees for the scheme warned earlier this year that the deficit could rise to between £1bn and £2bn without support from Tata Steel. ThyssenKrupp is reluctant to take on the burden of the pension scheme as part of any merger so Tata Steel has been in talks with regulators about spinning it off or, a more likely outcome, letting it enter the PPF, a government-backed pensions lifeboat funded by a levy paid by UK pension schemes. ...
Unilever sales rise on higher prices image
Source : BBC [Read Article] Thursday 20th of April 2017 08:45:55 AM
....9%, lifted by higher prices. Unilever's total sales, which include the effects of mergers, sales and currency, were 13. ...
Sky announces HBO co-production deal image
Source : BBC [Read Article] Thursday 20th of April 2017 07:23:20 AM
....The deal has been given the thumbs up by EU regulators, but Ofcom and the CMA have until 16 May to investigate the takeover. Critics of the merger say it will give Rupert Murdoch too much control of the UK media. ...
Dulux owner reports 'record performance' image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:04:29 AM
.... . PPG, whose takeover proposals have twice been rejected by Akzo, has said a merger could result in synergies worth at least $750m. ...
Tata Steel merger with Thyssenkrupp under threat image
Source : Guardian [Read Article] Monday 17th of April 2017 12:36:06 PM
. The proposed merger between Tata Steel and the steel operations of Thyssenkrupp, which would secure the future of the Port Talbot steel works and a total of 8,000 UK jobs, is at risk because of complex negotiations around pensions and opposition from German trade unions. ...
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. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
....At the firm’s margarine and spreads business, however, performance has been poor (they can’t believe it’s not better), prompting chief executive Paul Polman to put the division up for sale as part of a wider shakeup after he fought off a £115bn hostile takeover bid from US rival Kraft Heinz. However, like Trigger’s broom, that move raises fundamental questions about the identity of Unilever, which was formed in 1929 by a merger between Merseyside soap makers Lever Brothers, and Margarine Unie, a Netherlands-based collection of margarine makers. ...
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. ...
Bombardier and Siemens 'in train deal talks' image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:17:35 PM
....Analysts said a deal would help tackle growing competition from China. The proposed merger would firmly establish the world's second biggest train maker, Reuters and Bloomberg reported. ...
Unilever bins Flora – but butters up its shareholders | Nils Pratley image
Source : Guardian [Read Article] Thursday 6th of April 2017 06:21:41 PM
.... The great Unilever restructuring strikes the right balance. It is shareholder friendly, which is why the share price is up a fifth since Kraft’s non-bid, but it stops short of unnecessary drama such as a full demerger of the food division from personal care. ...
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. ...
Unilever to ditch Flora and Stork as consumers turn to butter image
Source : Guardian [Read Article] Thursday 6th of April 2017 07:59:35 AM
....”. Margarine has been central to the Unilever business since the company was formed in 1929 by the merger of Lever Brothers, which was making soap from its factory in Port Sunlight, Merseyside, and Margarine Unie, a collection of margarine makers across Europe. ...
Criminal gangs use UK ports to defraud EU customs image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:02:51 PM
....". Richard Murphy, an accountant who has long campaigned against tax evasion, blamed the failures on cuts in HMRC staff following a big departmental merger in 2005. ...
Five banks are merging to create an Indian super-bank image
Source : BBC [Read Article] Thursday 30th of March 2017 11:03:23 PM
.... . The government expects the merger to create $200m in cost savings. ...
Cool your jets, Michael O'Leary – Brexit unlikely to ground Ryanair | Nils Pratley image
.... Other people, like the five million citizens unsure of their right to remain, have bigger worries. Margrethe Vestager, the EU competition commissioner, is adamant: the decision to block the £21bn merger between the London Stock Exchange and Deutsche Börse had nothing to do with Brexit. ...
London Stock Exchange and Deutsche Börse merger blocked by EU image
Source : Guardian [Read Article] Wednesday 29th of March 2017 09:58:06 AM
. The £21bn merger between the London Stock Exchange and its German rival Deutsche Börse has fallen apart after it was blocked by the European commission on the day that Britain served notice on its EU membership. ...
London Stock Exchange-Deutsche Boerse deal blocked by EU image
Source : BBC [Read Article] Wednesday 29th of March 2017 09:24:57 AM
. EU regulators have blocked London Stock Exchange's £21bn merger with German stock exchange Deutsche Boerse. ...
Markets 'shrug off' Article 50 letter image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:29:56 AM
Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley image
....If one can ignore that risk, the company’s early form is promising. Mullen reckons he can find another £35m of merger savings, on top of the original £65m. ...
Redrow walks away from Bovis takeover after offer is rejected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:41:52 AM
....The company said at the time that its board had decided to reject both offers because “neither reflected the underlying value of the Bovis business”. Talks with Redrow, which proposed a cash and share deal, were terminated, while discussions with Galliford, which proposed an all-share merger at 886p a share, carried on. ...
Dow and Dupont merger gets EU go-ahead image
Source : BBC [Read Article] Monday 27th of March 2017 12:10:59 PM
. The European Commission has given the go-ahead to the merger of US chemical giants Dow Chemical and DuPont. ...
Vodafone deal creates India mobile giant image
Source : BBC [Read Article] Monday 20th of March 2017 05:09:56 AM
.... . Analysts say the merger was to fend off competition from a new operator - Reliance Jio. ...
Unilever is safe, but we need better defences against short-term capitalism image
.... But then they would have explained that their own fiduciary duties obliged them not to look gift horses in the mouth. In no time, Unilever’s shareholder register would have been populated by merger arbitrage funds. ...
Fox takeover bid for Sky to be reviewed image
Source : BBC [Read Article] Thursday 16th of March 2017 11:37:23 AM
....The company said it was "confident" the takeover would be approved. Critics of the merger, which gives 21st Century Fox access to Sky's 22 million customers in Europe, fear it will mean Rupert Murdoch has too much control of the UK media. ...
UK government should help companies targeted by foreign bids, says Unilever image
....Greg Clark, the business secretary, said last month: “We have taken the opportunity to look at our arrangements to make sure they are kept up to date. We have said we would do that in the context of mergers, particularly if it relates to critical infrastructure, as outlined by the Hinkley Point C decision [to build a new nuclear power station with funding from China]. ...
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. ...
Seaton Delaval Coty closure could mean 400 jobs axed image
Source : BBC [Read Article] Tuesday 14th of March 2017 02:56:07 PM
....The factory will close by the end of 2018, subject to consultation and board approval. Coty said in a statement: "These proposals are the result of a detailed study of our expanded global manufacturing capacities and capabilities for each of our divisions following the merger with P&G Specialty Beauty brands and with the objective to enable our future growth. ...
Wood Group agrees takeover of rival Amec Foster Wheeler image
Source : BBC [Read Article] Monday 13th of March 2017 08:32:01 AM
....The funds were due to be used to reduce its £1bn debt pile and for a reorganisation of the company. It was formed by the merger of Amec and American firm Foster Wheeler three years ago. ...
Bovis in talks with rival builder Galliford Try after rejecting £1bn offer image
. Troubled builder Bovis Homes is in talks with rival construction firm Galliford Try over a merger that would create one of Britain’s biggest housebuilders. ...
Bovis Homes rejects offers from Redrow and Galliford Try image
Source : BBC [Read Article] Sunday 12th of March 2017 12:09:00 PM
.... . Redrow said it subsequently made a merger proposal "which consisted of £1. ...
How free market helped big six energy firms to rack up huge profits image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
....It wouldn’t be the first government that has intervened in the energy market, but few have had much success. Gas and electricity companies have been able to compete for customers since 2001, after the old regional electricity boards were transformed into the big six through a series of mergers. ...
Forget the fuss – bumper paydays go on for UK's best-paid boss Sorrell | Nils Pratley image
....The head of equities has chosen to leave with immediate effect “to pursue other interests”, the usual shorthand companies use when there is more to the tale than they are willing to say. In this case, the obfuscation looks significant since Standard Life announced its £11bn “merger” with Aberdeen Asset Management only 48 hours earlier. ...
Brexit, airlines' worst fear, has become their preoccupation image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:29:50 AM
....If there is no deal by the time it leaves the EU, the UK's ability to trade will be made significantly more difficult. Some suggest that International Airlines Group, which owns British Airways, could run into red tape; but IAG’s chief executive, Willie Walsh, insists that the group’s structures, dating from the merger of BA and the Spanish airline Iberia in 2011, are Brexit-proof. ...
From V-necks to handcuffs image
Source : BBC [Read Article] Thursday 9th of March 2017 05:52:51 AM
....3m) to two non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for political support. Those favours are alleged to include backing for a controversial Samsung merger which paved the way for Mr Lee to become eventual head of the conglomerate, a deal that needed support from the national pension fund. ...
21st Century Fox rejects Sky takeover bid concerns image
Source : BBC [Read Article] Thursday 9th of March 2017 12:59:32 AM
....Ms Bradley has been weighing up whether to refer the deal to Ofcom after warning it could pose "public interest considerations" that warranted further investigation. One concern is that the merger would give businessman Rupert Murdoch too much control over the British media landscape. ...
Standard Life's David Cumming to leave firm after 18 years image
Source : Guardian [Read Article] Wednesday 8th of March 2017 03:26:10 PM
.... Stan Pearson, head of European equities, is becoming acting head of equities while Andrew Millington, director of equity research, becomes acting head of UK equities. When the merger was announced on Monday, it was revealed that lock-in deals would be offered to try to stop top staff defecting – even though other jobs were expected to be cut as the enlarged group attempted to save £200m in costs a year. ...
FTSE 100 dragged lower as Paddy Power Betfair shares fall image
Source : BBC [Read Article] Tuesday 7th of March 2017 09:33:52 AM
....55bn last year, with underlying operating profit jumping 44% to £330m. But after the costs of last year's merger between Paddy Power and Betfair were taken into account the company reported a loss of £5. ...
Standard Life's Aberdeen deal means job losses – but avoids US takeover image
....Martin Gilbert of Aberdeen Asset Management, we thought, only had eyes for American suitors. He has been singing for ages about the appeal of the US, home of vast piles of investment cash, and he was an admirer of Anglo-Australian manager Henderson’s “clever” merger with Janus Capital of the US. ...
FTSE 100 down despite Standard Life boost image
Source : BBC [Read Article] Monday 6th of March 2017 09:00:40 AM
. The London stock market closed lower as falling mining shares outweighed news of a fund management merger. ...
Standard Life and Aberdeen seek to tie in key staff in £11bn merger image
Source : Guardian [Read Article] Monday 6th of March 2017 08:06:34 AM
....Both businesses are key to Scotland’s financial services industry, which has been facing questions about its future following Brexit. The Scottish government has been in contact with both companies and said this would continue as “the merger progresses to discuss employment and investment in Scotland”. ...
Standard Life  and Aberdeen Asset Management confirm merger talks image
Source : Guardian [Read Article] Sunday 5th of March 2017 05:57:06 PM
. Hundreds of jobs could be cut if an £11bn merger of two of Scotland’s biggest companies – Standard Life and Aberdeen Asset Management – goes ahead. ...

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