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☆ Rothschild & Co's first-half sales fall 10% amid weak M&A activity
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photoPARIS, Aug 3 (Reuters) - Rothschild & Co (ROTH.PA), the Paris-listed investment bank being taken private by its owners, reported on Thursday a 10% fall in first-half sales, driven by a plunge in dealmaking activity. Rothschild said its first-half net income, group share, nearly halved from a year earlier to 128 million euros. In a call with reporters, Managing Partner Francois Perol confirmed the investment bank expected net income to more than halve this year due to the sharp fall in dealmaking. He said the consortium that seeks to take the company private already owned more than 80% of the shares following the buyout offer valuing Rothschild at 3.7 billion euros. Concordia, the bank's controlling shareholder and holding company of the Rothschild family, was joined by three of France's wealthiest families in the take-private transaction.

Persons: Dado Ruvic, Rothschild, Francois Perol, Mathieu Rosemain, Susan Fenton Organizations: Rothschild, REUTERS, Rothschild & Co, Global, Concordia, Thomson Locations: PARIS, Paris, dealmaking, Rothschild

Representatives for Hermes and Rothschild did not immediately respond to requests for comment on the decision. Hermes said in a filing in March that Rothschild continued to market his NFTs after the jury's verdict. Rothschild told the court that Hermes' request went "far beyond what is appropriate in a case, like this one, that involves artistic expression." Rakoff largely granted Hermes' request, but decided not to order Rothschild to transfer the tokens out of an "abundance of caution" for 1st Amendment concerns. The case is Hermes International v. Rothschild, U.S. District Court for the Southern District of New York, No.

Persons: Hermes, Mason Rothschild's, Birkin, Jed Rakoff, Rothschild's, Rakoff, Rothschild, Sonny Estival, Gerald Ferguson, Deborah Wilcox, Oren Warshavsky, Rhett Millsaps, Christopher Sprigman, Mark McKenna, Rebecca Tushnet, Lex Lumina, Jonathan Harris, Adam Oppenheim, Harris St, Laurent, Wechsler Read, Blake Brittain Organizations: Hermes, Constitution, . Rothschild, Southern, of, Baker, Hostetler, Thomson Locations: Manhattan, U.S, . Rothschild , U.S, of New York, Washington

☆ TipRanks reveals the top 10 financial sector analysts of the past decade
▼ + stars: | 2023-05-14 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +10 min

To create this list, TipRanks analyzed every recommendation made by financial sector analysts in the past decade. Top 10 analysts from the financial sector The image shows the most successful Wall Street analysts from the financial sector, in descending order. 3 on TipRanks' top 10 financial analysts list. To create this list, TipRanks analyzed every recommendation made by financial sector analysts in the past decade. 3 on TipRanks' top 10 financial analysts list.

Hermes said in a court filing Friday that Rothschild has continued to market his NFTs despite the jury's verdict last month. Rothschild's attorney Rhett Millsaps said they will oppose Hermes' motion in court filings this week. Hermes sued Rothschild last year over his MetaBirkins, 100 NFTs associated with images depicting the bags covered in colorful fur. "Rothschild has continued acting as he has since November 2021 — brazenly violating Hermès's intellectual property rights," Hermes said. The case is Hermes International v. Rothschild, U.S. District Court for the Southern District of New York, No.

☆ Rothschild family plans to take its Paris-listed investment bank private
▼ + stars: | 2023-02-06 | by ( Mathieu Rosemain | ) www.reuters.com time to read: +2 min

SummarySummary Companies Plan to be submitted to shareholders on May 25Shares jump by 17% in early tradingPARIS, Feb 6 (Reuters) - The Rothschild family is seeking to take its Paris-listed investment bank private, Rothschild & Co (ROTH.PA) said on Monday, sending the shares up by almost 17%. Concordia, the family-owned holding and Rothschild & Co's largest shareholder, is poised to file a tender offer for the investment bank's shares at 48 euros each, Rothschild said in a statement. The price represents a premium of 19% compared to Rothschild & Co's previous closing stock price as of Friday, at 40.25 euros. The Rothschild family owns about 55% of the company's shares, according to Refinitiv. Rothschild & Co said it would further inform the market on the private ownership plan on Feb. 13, when it reports full-year results.

☆ The Rothschild family is worth an estimated $1 billion. Meet the remaining heirs of the legendary dynasty.
▼ + stars: | 2012-02-07 | by ( Ben Walsh | Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The Rothschild family amassed their fortune from their powerful European banking dynasty. Lord Jacob Rothschild and his wife Serena had four children: Hannah, Beth, Emily, and Nat. AdvertisementHaving defined several eras of financial history and established banks across Europe, the Rothschild family's impact remains wide-reaching. Following Lord Jacob Rothschild's death on Monday at the age of 87, the focus now turns to the heirs to the family fortune, worth an estimated $1 billion, according to a 2023 report by the Sunday Times Rich List. Here are the Rothschild family members now at the helm of one of the world's most powerful financial dynasties.

Persons: Rothschild, Lord Jacob Rothschild, Serena, Hannah, Beth, Emily, Nat, —, Jacob Rothschild's, Sunday Times Rich Organizations: Service, Sunday Times Locations: Europe

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