Business News
Schroders Plc and Lloyds Banking Group in talks over wealth management alliance
Asset manager Schroders Plc and Lloyds Banking Group said on Sunday they were in discussions over a wealth management alliance.
Year: 2018
Business News
Schroders says it’s talking to Lloyds about working closely in wealth sector
Asset manager Schroders Plc said on Sunday it is in discussions with Britain’s Lloyds Banking Group to work closely in the wealth sector.
Business News
Lloyds Banking Group to merge £13 billion wealth arm with Schroders: Sky News
Britain’s Lloyds Banking Group is to merge its 13 billion pounds ($17.06 billion) wealth management arm into a new joint venture with asset manager Schroders Plc , Sky news reported on Sunday.
Business News
Apple tells Congress it found no signs of hacking attack
Apple Inc’s top security officer told Congress on Sunday that it had found no sign of suspicious transmissions or other evidence that it had been penetrated in a sophisticated attack on its supply chain.
Business News
Daimler CFO won’t renew his term when it ends in 2019
Daimler’s finance chief Bodo Uebber won’t seek to renew his contract when it expires in December 2019, the carmaker said late on Sunday.
Business News
Barnes & Noble shares could have more upside: Barron’s
Shares of Barnes & Noble Inc could still have more upside after a jump in the stock this week on news the bookseller is exploring strategic options, according to Barron’s.
Business News
Telecom Italia CEO says board situation problematic, committed to job: paper
Telecom Italia (TIM) CEO Amos Genish said tensions between the company’s management, its board and shareholders were counterproductive, but said he was committed to staying, according to an excerpt of an interview with La Repubblica.
Business News
Italy keen to keep 15 percent stake in Alitalia in rescue plan: paper
Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on Sunday.
CEO Interview
Constellation Brands Inc. (NYSE: STZ) CEO Robert Sands talks Cannabis strategy
Constellation Brands Inc. (NYSE: STZ) CEO Robert Sands, discusses continued market penetration of the company’s Mexican beer brands, Pacifico, Victoria in US, and global cannabis strategy, including potential of CBD beverages, and Canopy Growth (NYSE: […]
Business News
UK seeks additional reassurances from Comcast on independence of Sky News
Britain has sought additional reassurances from cable company Comcast over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky .
Business News
Vivendi reaffirms support for TIM CEO, decries ‘rumor campaign’
Top shareholder Vivendi reaffirmed its support for Telecom Italia’s (TIM) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him.
Business News
Italy works on extending Alitalia loan deadline: source
Italy is working on an extension of as much as six months to a Dec. 15 deadline for Alitalia to repay a 900 million euro ($1 billion) loan meant to keep the airline afloat while it searches for a buyer, a government source said on Saturday.
Trading Ideas
The Formula That Made Buffett a Billionaire
When 24-year-old Warren Buffett received a phone call offering him a job in New York City, he accepted without asking about the salary.
It was arguably the smartest – and most profitable – decision he ever made.
That’s because Buffett knew the man who had just employed him – a man he studied under at Columbia University – held the proverbial keys to the kingdom.
His name was Benjamin Graham.
Years earlier, Buffett had offered to work for Graham for free. But Buffett was kindly turned down.
Years later, he finally got his wish (and with pay).
Even so, Buffett’s life was about to change in …read more […]
Business News
Banks back Democrats in bid to rebuild bipartisan support
Banks are going to bat for Democrats in the U.S. November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis.
Business News
Danske shares slide as U.S. criminal inquiry spooks investors
Danske Bank’s deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact of a U.S. criminal investigation into its Estonian branch.