Brewin Dolphin is the only UK investment management firm to have its investment banking division headquarters outside London. Francesca Craggs speaks to Graeme Summers, who heads the Newcastle-based operation.
THINK investment banking and the City of London or Wall Street probably springs to mind. Not many people may know the North East can boast its very [...]
NEW YORK (CNNMoney.com) — Stocks tumbled Friday after news that Bear Stearns needs emergency funding due to a liquidity crisis intensified fears that the credit crunch is spreading.Bond prices surged, lowering corresponding yields as investors sought the comparative safety of government debt.The Dow Jones industrial average (INDU) lost more than 300 points at one point [...]
NEW YORK (CNNMoney.com) — Stocks tumbled Friday after news that Bear Stearns needs emergency funding due to a liquidity crisis intensified fears that the credit crunch is spreading.Bond prices surged, lowering corresponding yields as investors sought the comparative safety of government debt.The Dow Jones industrial average (INDU) lost more than 300 points at one point [...]
(Fortune) — Thanks to another dismal quarter and a cratering private equity market, Blackstone (BX) traded near its all-time low near $14 a share Monday before closing at $15, still 52% off the IPO price of $31. It would seem like a perfect opportunity to buy the revered private equity firm that has $102 billion [...]
Qwest chief executive Ed Mueller’s trip to New York to meet with analysts Monday is an important step in convincing analysts that he has a solid, long-term plan for the company.
The last time Qwest held an “Analyst Day” was in December 2001 here in Denver, its hometown. This year’s event will be at the [...]
Telemar Fourth-Quarter Profit Rises 49% as Debt Falls (Update2)
By Romina Nicaretta
Feb. 28 (Bloomberg) — Tele Norte Leste Participacoes SA,
the phone company considering a takeover of rival Brasil Telecom
Participacoes SA, said fourth-quarter profit increased 49 percent
as borrowing costs fell. [...]
(FORTUNE Small Business) — A weeklong eBay (EBAY, Fortune 500) boycott initiated by sellers upset with fee and policy changes that began rolling out last week ended today with uncertain results. During the first three days of the boycott, Medved.net, a third-party Web site that tracks eBay’s listings totals, reported a decline of about 17% [...]
LONDON (AP) — Reed Elsevier PLC, a London-based educational publisher and the owner of the Lexis Nexis information service, said Thursday it had agreed to buy U.S. data services firm ChoicePoint Inc. for $4.1 billion in cash.As part of the transaction Reed will assume $600 million in debt, the company said in a statement.ChoicePoint, [...]
By Andrew Hurst, European Banking Correspondent
ZURICH (Reuters) - Swiss bank UBS could face billions of dollars more in subprime-related write-downs in 2008, which could tip it into a second year of losses, analysts warned investors, sending its shares tumbling again.
Some said UBS might be only halfway through clearing the debris from [...]
MILWAUKEE (AP) — Mortgage insurer MGIC Investment Corp. said it’s looking for ways to boost capital after announcing it lost almost $1.5 billion in the fourth quarter as more homeowners struggled to make payments.The nation’s largest mortgage insurer still doesn’t see making money this year, if delinquencies and losses continue to rise and fewer [...]
