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ipe.com June 27, 2017

UK Government Divestment Rules 'Unlawful', Court Rules

<p>The UK government&rsquo;s power to keep local authority pension investments in line with national foreign and defence policy has been quashed.</p> <p>A High Court judge ruled last week that the guidance,&nbsp;announced only last year, had been used unlawfully.</p>
Read by 48% of LPs

rigzone.com May 17, 2017

China's Norinco And Saudi Aramco Line Up $10B Refinery Plan

Chinese&nbsp; defence &nbsp;conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in northeast China, industry and government officials said on Tuesday.
Read by 69% of LPs

businessinsider.com December 07, 2016

One Of Europe's Most Influential Business People Confirms Brexit Has Killed Appetite To Invest In London

One of Europe&#39;s most influential industrialists questioned London&#39;s future as a financial centre in the wake of Brexit and said&nbsp;the UK is no longer &quot;first on the list&quot; for new investments here. Swedish investor Jacob Wallenberg has a family foundation that holds massive stakes in companies such as pharmaceutical giant AstraZeneca and reformed automaker and now defence group Saab. The stakes generate around&nbsp;$130 billion (&pound;102.9 billion) in revenue.
Read by 69% of LPs

bdlive.co.za March 23, 2016

Germany Backs 2.7% Increase In Infrastructure And Defence Spending

Chancellor Angela Merkel&rsquo;s Cabinet supports hikes in spending on defence and infrastructure in a budget plan that seeks to address global risks and refugee crisis
Read by 41% of LPs

dealstreetasia.com February 07, 2016

India: Birla Corp Buys Reliance Infra’s Cement Business For $710M

Reliance Infrastructure Ltd on Thursday said it has agreed to sell its cement assets to Birla Corp. Ltd for&nbsp;Rs.4,800 crore ($710 million).
Read by 54% of LPs

timesofmalta.com February 01, 2016

Rocky Markets Test The Rise Of Amateur ‘algo’ Traders

University student Spencer Singleton is among a growing band of amateurs turning to computer-driven automated stock trading &ndash; until now the preserve of hedge funds and mega brokers &ndash; and says he&rsquo;s beating the market. Texas-based Singleton won a contest last July run by an algorithmic investing website to write trading programmes. The site, Quantopian, gave him $100,000 to put his model into action for six months and told him to keep any profits.
Read by 40% of LPs

dailymail.co.uk January 20, 2016

Dealers Hear Whispers That Recruitment Firm Hays' Days Of Independence Could Be Numbered As Company In Takeover Frame Again

<p style="line-height: 18.9091px;">Recruitment firm Hays was the name in the takeover frame, and not for the first time. It has for years been considered a prime bid target and as its shares rose 4.2p to 117.6p on above average turnover, dealers heard whispers yet again that its days of independence could be numbered.&nbsp;Ubiquitous Swiss human resources group Adecco is rumoured to be lining up a &pound;2.1bn or 150p a share cash bid for the company but cash-rich private equity players are also said to be sniffing around.</p>
Read by 32% of LPs

dailymail.co.uk January 19, 2016

British Steel Industry Enters 'Death Spiral' After Tata Cuts 1,000 Jobs

The Government was today accused of &#39;sitting on its hands&#39; as Britain&#39;s steel industry entered a &#39;death spiral&#39; after another 1,000 jobs were axed.
Read by 51% of LPs

businesstoday.in January 12, 2016

Birla Corp Among Top Contenders To Buy Reliance Infra's Cement Business

<p style="line-height: 20.8px;">Reliance Infrastructure is in advanced stage of negotiations to sell its cement business in an about Rs 5,000-crore deal and M P Birla Group firm Birla Corporation is one of top three potential buyers.&nbsp;Besides Birla Corp, private equity firms Blackstone and Baring are the other top contenders, people in know of the development said.</p>
Read by 32% of LPs

dealstreetasia.com January 08, 2016

Chinese Group Bids $1.1B For PE-owned German Machinery Maker KraussMaffei

<p>A Chinese group has made a bid worth roughly 1 billion euros ($1.1 billion) to buy the private equity-owned German plastics processing machinery maker KraussMaffei, people familiar with the matter said.&nbsp;The potential buyer is hoping to clinch a deal with KraussMaffei&rsquo;s owner, Canada&rsquo;s Onex Corp, before the Chinese New Year in early February, the people said on Thursday.</p>
Read by 32% of LPs