Market Events

UK’s Pendragon to sell U.S. Motor Group business

UK’s Pendragon to sell U.S. Motor Group business

Published 04/12/2017

LONDON (Reuters) - British car dealership Pendragon (PDG.L) is to sell its U.S Motor Group business after concluding a strategic review following a profit warning, [more…]

Mednax fielding takeover interest from buyout firms: sources

Mednax fielding takeover interest from buyout firms: sources

Published 01/12/2017

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity [more…]

U.S. Securities and Exchange Commission ratifies administrative law judges

U.S. Securities and Exchange Commission ratifies administrative law judges

Published 30/11/2017

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S. on June 24, [more…]

Vanguard’s Davis makes case for index funds even in tough times

Vanguard’s Davis makes case for index funds even in tough times

Published 22/11/2017

BOSTON (Reuters) - The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an [more…]

Vivendi’s music unit UMG worth more than $40 billion, CEO says

Vivendi’s music unit UMG worth more than $40 billion, CEO says

Published 17/11/2017

BARCELONA/LONDON (Reuters) - Vivendi’s Universal Music Group (UMG) could be worth more than $40 billion, Chief Executive Arnaud de Puyfontaine said on Friday, helping to [more…]

Hedge fund bet on Glencore backfires with $100 million loss

Hedge fund bet on Glencore backfires with $100 million loss

Published 17/11/2017

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File PhotoLONDON [more…]

MSCI blocks new stocks lacking voting rights from some indexes

MSCI blocks new stocks lacking voting rights from some indexes

Published 03/11/2017

MSCI Inc will temporarily ban new companies that deny equal voting rights to shareholders from two market indexes, intensifying a debate over who should police perceived lapses in corporate governance. [more…]

SEC fines UBS $3.5 million for overcharging mutual fund customers

SEC fines UBS $3.5 million for overcharging mutual fund customers

Published 27/10/2017

UBS AG (UBSG.S) will pay a $3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday. [more…]

Activist investors scupper $20 billion Clariant-Huntsman merger

Activist investors scupper $20 billion Clariant-Huntsman merger

Published 27/10/2017

Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value. [more…]

Clariant, Huntsman abandon $20 billion merger as opposition intensifies

Clariant, Huntsman abandon $20 billion merger as opposition intensifies

Published 27/10/2017

Swiss specialty chemicals maker Clariant and Huntsman have agreed to abandon their proposed $20 billion merger, bowing to a growing number of shareholders who had joined activist investor White Tale to oppose the deal. [more…]