France’s EDF is in discussions about an £11bn takeover of nuclear generator British Energy (BE) in a deal that would also give Centrica a stake in the UK company.
The two sides are hoping to wrap up an agreement within days, giving EDF control of BE’s eight reactors and a role in building Britain’s planned […]
The UK Debt Management Office has announced it will on July 29 auction 2.5 billion pounds of Tresury gilts maturing in 2018.
SIV the 4.4bn Euro troubled structured investment vehicle previously managed by London based-hedge fund Cheyne Capital Management is preparing to auction assets as part of a restructuring, which strategists say will give the market new guidance on the pricing of structured credit and an indication of the size of further writedowns at banks.
Freddie Mac attracted more intrest on Monday for an auction of $3 billion in short-term securities than it had nearly all year, a day after the US government provided support for the mortgage giant.
Shares of Freddie Mac fell 64 cents, or 8.3 percent, to close at $7.11 in Monday.
The US Treasury is working on plans to inject up to $15 billion (£7.5 billion) of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
The two companies lost almost half their market value last week as rumours of a government bail-out swept the stock markets, hammering share prices […]
RAPID CITY, S.D., - Black Hills Corp. today announced it has completed the $840 million sale of seven independent power production gas-fired plants to affiliates of Hastings Funds Management and IIF BH Investment, a subsidiary of an investment entity advised by JPMorgan Asset Management.
The net proceeds from this IPP sale are expected to eliminate Black […]
A fund controlled by Abu Dhabi has acquired the Chrysler building, an Art Deco icon of the New York City skyline, for $800 million. The New York Times reported that the Abu Dhabi fund purchased a 90% stake of the building, but the property will still be controlled by Tishman Speyer Properties. The Chrysler Building […]
London, U.K. - Palo Alto Software Ltd today announced that its flagship product Business Plan Pro 11.0 has received a ‘highly recommended’ rating from Wokingham-based Company Partners.
Company Partners provides an online service to put people who are looking for business partners in touch with each other, serving both those starting a business, and those growing […]
BizzEnergy, the UK’s leading independent energy provider, today announces that it is just one stage away from giving power back to its customers by providing them with them full online control over their electricity bills.
At a time of rising energy prices, BizzEnergy’s new online accounting system will give users greater visibility and control of […]
Fortis has sold International Asset Management Limited (IAM) to its management team, supported by certain third party investors.
IAM is a London-based fund-of-hedge-funds manager, originally established in 1989. As at 31 March 2008 it had USD 4.3 billion in assets under management. IAM is one of the former subsidiaries of ABN AMRO Asset Management acquired by […]
