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Search resuls for: "RBC Brewin Dolphin"


3 mentions found


☆ What is next for Credit Suisse after cash lifeline?
  + stars: | 2023-03-16 | by ( Pablo Mayo Cerqueiro Emma-Victoria Farr Amy-Jo Crowley | Pablo Mayo Cerqueiro | Emma-Victoria Farr | ) www.reuters.com   time to read: +5 min
As part of the overhaul announced in October, it is seeking to spin off merger advice and leveraged finance into a new entity named Credit Suisse First Boston (CSFB), for which it has been seeking buyers. Credit Suisse is most valuable in separate parts, and there are high-level M&A talks taking place, said a senior banker who advises banks on deals. TAKEOVERSelling off parts of Credit Suisse could require time, which markets may not give. The two have complementary investment banking businesses -Credit Suisse is stronger in credit and UBS in equities. However, some have faith that Credit Suisse can still make it safely to the end of the tight rope.
☆ Costcutter owner Bestway buys Sainsbury's stake
  + stars: | 2023-01-27 | by ( James Davey | ) www.reuters.com   time to read: +4 min
Sainsbury's shares were up 4.5% on Friday, hitting their highest since April and leading gainers on the FTSE 100 (.FTSE) index. The 3.45% stake makes Bestway Sainsbury's sixth largest investor, Refinitiv Eikon data showed. Asda was purchased by brothers Mohsin and Zuber Issa and private equity company TDR Capital for an enterprise value of 6.8 billion pounds, while Morrisons was bought by U.S. private equity firm Clayton, Dubilier & Rice for 7 billion pounds. Sainsbury's proposed 7.3 billion pounds takeover of Asda was blocked by Britain's competition regulator in 2019. Shares in Sainsbury's closed on Thursday at 239.4 pence, valuing the business at 5.6 billion pounds.
☆ Barclays beats forecast on trading boom, but bad loan charges rise
  + stars: | 2022-10-26 | by ( Lawrence White Iain Withers | Lawrence White | Iain Withers | ) www.reuters.com   time to read: +4 min
The British bank made a profit before tax of 2 billion pounds ($2.3 billion) in July-September, up from 1.9 billion a year ago and above analyst forecasts. European rival Deutsche Bank said fixed income trading revenues rose 38%. Barclays' advisory fees including merger and acquisitions (M&A) fell 45% in the third quarter to 533 million pounds. Despite the higher loan loss charge - including 381 million pounds taken in the quarter - Barclays' chief financial officer Anna Cross told reporters this had been taken ahead of time. Barclays said the net loss arising from the error over the year to date was 600 million pounds.
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