Corporate Actions
- Finance
FCA puts size limit on UK Spacs as investors are in line for greater protections
Investors must be allowed to exit a special purpose acquisition company early if it wants to benefit from a smoother regulatory…
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$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
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Starling Bank makes first acquisition with £50m deal for mortgage lender
Starling Bank agreed to acquire a buy-to-let specialist mortgage lender in a £50m deal, marking the fintech firm’s first acquisition…
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Fed to tiptoe towards tapering this week
The Federal Reserve is expected to have a lengthy discussion this week about slowing down the monthly bond purchases that…
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A Space Company’s Wall Street Launch Misfires
WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact…
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The We That Didn’t Work at WeWork
Adam Neumann and Masayoshi Son were negotiating a possible $20 billion check when Mr. Son pulled up an image of…
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Meet the latest IPO fad: Grills
The searing market for newly public companies has a new obsession: grills. Two leading sellers of outdoor grills and grilling…
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Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
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AT&T Lifts Revenue Expectations on Wireless Growth
AT&T Inc. said its core telecommunications profits are growing even as its Hollywood footprint is about to shrink, underscoring its…
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Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
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Goldman loses European dealmaker as boutiques circle prestige banks
Goldman Sachs executive director Benjamin Rouach is set to join boutique advisory firm Fenchurch, Financial News has learned. Rouach will start…
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A Tech IPO Boom Is Coming to Unicorn-Rich India
NEW DELHI—India is gearing up for tech IPOs, including two worth more than $1 billion, as startups look to tap…
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Will Robinhood’s IPO be a boom or bust?
Robinhood Markets likes to give away free shares to attract new customers. Its public offering to investors is a different…
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View: How lockdown proved the M&A defeatists wrong
“Everything ground to a halt, full stop,” recalls an M&A adviser as the pandemic struck. When global lockdowns came into effect…
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Wealth manager Wren Sterling confirms sale talks
Wealth manager Wren Sterling’s sale talks have ended with a management buyout. A number of bidders were vying for the…
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UBS dealmakers’ fees surge by 70% as trading boom ebbs
UBS’s investment bank brought in fees nearly 70% ahead of last year during the second quarter, due to a surge…
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WSJ News Exclusive | Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership
Comcast Corp. Chief Executive Brian Roberts met with ViacomCBS Inc. Chairman Shari Redstone in recent weeks to discuss a potential…
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IBM’s Revenue Rises for Second Straight Quarter
International Business Machines Corp. showed progress in delivering on Chief Executive Arvind Krishna’s commitment to revive growth, posting a second…
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IBM stock gains after earnings show second consecutive quarter of sales growth
International Business Machines Corp. reported revenue growth for a second consecutive quarter Monday afternoon, beating expectations and sending shares higher…
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London ranks top for European IPOs in bumper start to 2021
The London Stock Exchange has clung on to its title as the top performing European exchange for IPOs, despite a…
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Robinhood aims for $35bn valuation in IPO
Robinhood Markets, the zero-commission investment app, has set terms for its much anticipated initial public offering. Robinhood said on 19 July…
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Bill Ackman’s Spac is ditching the deal to acquire a 10% stake in Universal Music
Pershing Square Tontine Holdings, a blank-cheque company led by hedge-fund manager William Ackman, said it won’t proceed with its proposed…
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Australia Seeks to Block China With Stake in Pacific Mobile Networks
The Australian government plans to provide most of the financing for the acquisition of mobile networks in six Pacific nations,…
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Italy’s luxury house brand Zegna to go public via US Spac
Italian luxury house Ermenegildo Zegna will go public on the New York Stock Exchange later this year as part of…
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Zoom to Buy Five9 in All-Stock Deal Valued at $14.7 Billion
Zoom Video Communications Inc., the videoconferencing service that became a household name globally during the pandemic, plans to parlay some…
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Wall Street bankers shine again as record fees offset trading slump
Wall Street banks have benefited from a boom in dealmaking, hauling in record fees in the second quarter as the…
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Paytm Parent Plans $2.2 Billion IPO in India
NEW DELHI—The company behind Indian mobile-payment app Paytm plans to raise up to $2.2 billion through one of India’s largest-ever…
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3-D Printing Company Fathom Reaches $1.4 Billion SPAC Deal to Go Public
Fathom Digital Manufacturing Corp. is combining with a special-purpose acquisition company to go public in a deal that values the…
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Intel CEO’s Chip-Building Plan Has a $50 Billion-Plus Price Tag
Less than six months into the job, Intel Corp. INTC -1.51% Chief Executive Officer Pat Gelsinger’s approach to reviving the…
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Lordstown Motors Discloses Justice Department Investigation as Truck Launch Looms
Electric-truck startup Lordstown Motors Corp. RIDE -3.94% confirmed the Justice Department is probing its business, investigating matters related to its…
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US law firm boosts pay for first year London lawyers to $200,000
Wall Street law firm Milbank has ramped up pay for first year lawyers in London to $200,000 amid a mergers…
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IHS Markit’s Lance Uggla: ‘The phone rang — it was S&P Global’
Towards the end of last year, Lance Uggla was on the verge of striking the biggest deal of his career.…
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The UK has a strong hand to play but needs repositioning first
Sceptics have long argued that the UK is past its peak and trading largely on former glories. They point to…
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Climate concerns triggers LGIM’s divestment from AIG, Commercial Bank of China
Legal & General Investment Management, the UK’s largest asset manager, has pulled investment from insurance company AIG and three other…
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Binance abandons crypto tokens pegged to listed stocks
Cryptocurrency exchange Binance has stopped offering digital tokens tied to the value of listed equities, amid wider regulatory scrutiny of…
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Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
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Space-exploration Spac targeted by US watchdog in crackdown
Stable Road’s shares fell 10% on 14 July, after the US Securities and Exchange Commission charged the company, its space-exploration…
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Spacs take a backseat as traditional IPOs boom globally in second quarter
Listings of special purpose acquisition companies slowed in the second quarter with traditional initial public offerings booming worldwide, overtaking the…
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EU watchdog warns Spacs ‘not appropriate’ for everyone
The European Union’s markets watchdog has warned that investments in so-called blank cheque companies “may not be appropriate… for all”. The…
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These 8 low-profile electric-vehicle stocks can soar after bold new climate plan unveiled, analysts say
The European Union has unveiled one of the world’s most ambitious plans to tackle climate change in a program that…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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The mega-buyout is coming back – to an industry near you
Size matters. That’s the mantra being chanted by private equity investment committees as they race to deploy their estimated $1.6tn war…
Read More » - Health
Should I Go Solar Now? Here’s What Homeowners Should Consider
Residential solar is now a fact of life in all 50 states. Growing awareness of solar’s role in addressing climate…
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Credit Suisse’s main unit downgraded by Moody’s on Archegos, Greensill fallout
Credit Suisse’s main operation has been downgraded by ratings agency Moody’s in the wake of the twin crises of a…
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Bank of England lifts bank dividend ban
The Bank of England has lifted its emergency restrictions on UK-based banks paying dividends, arguing that the sector “remains well capitalised…
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View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
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TikTok owner ditched IPO plans on Chinese regulators’ data security fears
ByteDance, the Chinese owner of popular short-video app TikTok, put on hold indefinitely its intentions to list offshore earlier this…
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President Biden’s Executive Order Opens New Front in Battle With Big Tech
WASHINGTON—President Biden’s sweeping new competition order targets big tech companies in ways that could fundamentally alter how they do business.…
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Citigroup leads $6bn Spac fee haul for investment banks
Investment banks have pulled in nearly $6bn in fees advising on blank-cheque companies in 2021, nearly double the record set…
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Spac backed by ex-Barclays chief Bob Diamond to take crypto firm Circle public in $4.5bn deal
Stablecoin tech firm Circle is to go public in a merger deal with a special purpose acquisition company that will…
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