Get set for a protracted battle for BHF Kleinwort Benson 28/07/2015 Contested takeovers still tend to be relatively rare on mainland Europe, unlike the case in the UK and US. But the early signs are that the attempt of Shanghai-based Fosun International to acquire full control of the shares in Brussels-listed BHF Kleinwort Kleinwort Benson Group (BHFKB) that it doesn’t already own through an unsolicited cash offer may be rebuffed.
Greek deal gets cautious welcome from Schroders and M&G 15/07/2015 Markets have cheered a short-term rapprochement between Greece and its creditors. Although the details are still emerging, it appears Prime Minister Alexis Tsipras has agreed to a further swathe of austerity measures, plus tax and pensions reforms in exchange for a new three-year bailout worth EUR 86 billion. To what extent does this signal an end to Greece’s problems?
Disruption is the new default for wealth managers 13/07/2015 Questions about the future direction of the wealth management sector could always be relied upon to generate a collective yawn, especially from weary cynics (like this writer). For the answers proffered by the “experts” have always tended to remain the same with particular emphasis placed on “more consolidation”.
China troubles are a buying opportunity 13/07/2015 At a time of financial and economic reform, China’s recent stock market bubble that appears to have burst since mid-June comes as no great surprise and if anything is a clear buying opportunity as the long-term investment case for the country appears more robust than ever.