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Buying Stake

London afternoon: Banks and miners suffer (ShareCast)

LONDON (ShareCast) - HBOS (LSE: HBOS.L - news) continues its volatile path, shedding almost one-fifth of its value as it falls way below the price indicated by Lloyds TSB's all-share offer for the company. Barclays (LSE: BARC.L...

It Can be Done

By any measure Paulson and Co have made two significant policy mistakes in confronting the banking and soon to be economic crises. Paulson let Lehman fall putting a premium on moral hazard and underestimating the...

UPDATE 1-Russia's Deripaska sells off Hochtief stake

FRANKFURT/MOSCOW, Oct 9 (Reuters) - Russian billionaire Oleg Deripaska has sold his 9.99 percent stake in German construction company Hochtief, his company said on Thursday, as the credit crisis batters Russia's richest man....

Sir Philip denies buying Sainsbury stake

Sir Philip Green, the billionaire retailer, has vehemently denied a report that he has bought a 3pc stake in J Sainsbury, Britain's third largest supermarket chain. "I categoricaly have not bought 3pc of Sainsbury. I told the...

Takashimaya, H2O plan to merge in three years

TOKYO (Reuters) - Takashimaya Co , Japan's third-biggest department store operator, and smaller rival H2O Retailing plan to buy stakes in each other as a first step towards a merger to survive in the country's mature retail...

Finnish DNA says not buying Novator's Elisa stake

HELSINKI, Oct 10 (Reuters) - Finnish telecoms operator DNA said on Friday it had stopped negotiations to buy Icelandic Novator's more than 10 percent stake in DNA's larger rival Elisa. DNA Chairman Risto Siivola told Reuters...

ANALYSIS-Hedge funds haunted by Asia pre-IPO deals

HONG KONG, Oct 10 (Reuters) - Before the Chinese initial public offering boom began to fizzle late last year, hedge funds jumped to buy stakes in hot companies before they went public, an investment known as pre-IPO financing....

Iceland's Exista says to sell Bakkavor stake

STOCKHOLM, Oct 10 (Reuters) - Icelandic investment firm Exista said on Friday it had decided to sell its 39.6 stake in the Bakkavor group to founders and directors of the Icelandic food company. Exista, which earlier this week...

Friday newspaper round-up: UK/Iceland spat, finance ministers' meeting, UK recession

Prime minister Gordon Brown denounced the "unacceptable" behaviour of the Icelandic authorities, who froze the accounts of hundreds of thousands of British savers, accusing them of taking illegal action. For his part, an angry...

ShareLiverpoolFC: ‘Get these crippling debts off our club’

THE fans group which wants to buy Liverpool today challenged the club’s American owners to put ‘some real money’ into Anfield and fend off potentially devastating debts over coming years. The ShareLiverpoolFC group, which has...