Category: Articles

ACE Limited today announced it has signed a definitive agreement to acquire the Fireman’s Fund high net worth personal lines insurance business in the United States from Allianz for US$365m. The acquisition expands ACE’s position as one of the largest high net worth personal lines insurers in the US.

Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report released today. The report notes that despite China’s efforts to moderate its coal consumption, it will still account for three-fifths of demand growth […]

Onyx Renewable Partners, a leader in flexible, creative solutions for the development, finance, construction and operation of large-scale renewable energy projects, today announced the appointment of Leanne M. Bell as chief financial officer.

Aon Risk Solutions, the global risk management business of Aon plc, released an EMEA focused industry report today, highlighting the top risk factors facing EMEA financial institutions.

TSB Bank plc today announces the appointment of Craig Bundell who joins as the Bank's Head of Credit Cards, with immediate effect.

David Harris, Senior Investment Director for Schroders US Multi-Sector Fixed Income, comments on today's strong US employment figures.

Best Buy Co., Inc. today announced that it has entered into a definitive agreement for the sale of its Five Star business to the Jiayuan Group, a prominent China-based real estate firm led by Chairman Yuxing Shen.

Research recently carried out suggests that many City firms are now moving towards outsourced services, rather than running everything in-house.

Pierre Pringuet, chief executive and vice chairman of Pernod Ricard, owner of the Chivas Brothers Scotch Whisky company, has been appointed as the new chairman of The Scotch Whisky Association (SWA).

New Financial Conduct Authority (FCA) rules will ban credit brokers from charging fees to customers, and from requesting customers' payment details for that purpose, unless they comply with new requirements.

The UK remains one of the most competitive tax destinations according to over 100 of the largest British-based businesses participating in KPMG's annual survey of tax competitiveness 2014. But Ireland has leapfrogged the UK to take the number one position this year.

Henry Sténson has been appointed Head of the newly established Group function, Corporate Communication & Sustainability Affairs at Volvo Car Corporation.

The Coca-Cola Company, SABMiller plc and Gutsche Family Investments (majority shareholders in Coca-Cola Sabco) have agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in Southern and East Africa. The new bottler, Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for approximately 40 per cent of all Coca-Cola beverage volumes in Africa.

Rolls-Royce has been awarded a new, two-year contract to provide aftermarket engine support for the US Marine Corps and Air Force V-22 fleets, which provides a more than 30 percent reduction in support costs.

Papa John’s, Avan Projects and Global Franchise Architects (GFA) have announced the acquisition of Pizza Corner stores in South India.

Merger of two Bermuda-based firms to accelerate growth in RenaissanceRe's US specialty and casualty reinsurance business.

Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), has filed a motion in the United States Bankruptcy Court for the Southern District of New York seeking approval of a recovery agreement with Senator Fund SPC, a Cayman Islands incorporated investment fund invested exclusively with BLMIS.

Most comprehensive inventory of climate finance available shows that investment fell US$28bn from the previous year and remains far below estimates of what is needed.

News Corp has announced that it has successfully completed its acquisition of Move, Inc, a leading provider of online real estate services and operates a network of sites.

BP has announced that it plans to invest over US$200m to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium.

UK companies admit they are considering turning to ex-hackers in a bid to stay one step ahead of cyber criminals, according to the latest research from KPMG.

Hargreaves Lansdown is broadening its share research as part of an expansion of its stockbroking service.

The Financial Conduct Authority has fined independent financial advisers Chase de Vere £560,000 for failures surrounding sale of Keydata Products.

Pabst Brewing Company, North America’s largest privately held brewing company, announced today that it has completed its sale to Blue Ribbon Intermediate Holdings, LLC.

The Financial Conduct Authority (FCA) has found that many small banks and commercial insurance intermediaries fail to effectively manage financial crime risk.

Deutsche Bank has announced two appointments within its Corporate Finance group in North America.

The Dow Chemical Company has announced an increased divestiture target aligned to further enhance the value of its portfolio and support the Company’s market-driven, integrated strategy.

Berkshire Hathaway Inc. announced today that it has entered into a definitive agreement with Procter and Gamble whereby it will acquire the Duracell battery business from Procter & Gamble.

Yahoo! Inc. and BrightRoll, Inc. have announced a definitive agreement for Yahoo to acquire BrightRoll, a leading programmatic video advertising platform.

ALPS, a DST Company focused on asset servicing and asset gathering, has announced the liquidation of three VelocityShares ETFs.

The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations.

UK firm will provide spare engines and parts for US Air Force's Lockheed Martin C-130J Super Hercules fleet.

The proposal is based on the Modified Nexus Approach proposed by theOECD, which requires tax benefits to be connected directly to R&Dexpenditures, but amends these rules to address concerns expressed by some countries and seeks to address outstanding issues in relation to qualification of expenditures, grandfathering and tracking qualifying R&Dexpenditure.

Greenhill & Co., Inc., a leading independent investment bank, announced today that Jacob Bier has agreed to join the firm effective January 1, 2015, as a Senior Advisor to assist in the expansion of the firm's client relationships in the Nordic region, with particular emphasis on Denmark.

The establishment of the ASEAN Economic Community (AEC) 2015 is a “very ambitious project”, one which will need thousands of skilled finance professionals who can work across borders, agreed a panel of experts at an ACCA (the Association of Chartered Certified Accountants) session at the recent Malaysian Institute of Accountants conference held in Kuala Lumpur.

A new survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, reveals that most employees around the world received pay increases in 2014 and can expect to receive comparable increases in 2015.