A DuPont unit’s $45 bln nutrition merger with International Flavors & Fragrances rounds off a series of transactions that started when DuPont joined with rival chemicals giant Dow. Has the dealmaking paid off for investors? Stock performance suggests n…
Dec 13 – At $4 bn, Postal Savings Bank of China’s Shanghai listing was the biggest in years, but it failed to generate much investor enthusiasm. Pete Sweeney and Robyn Mak discuss why this IPO required so much help to get over the line, and what it mea…
Japanese investment bank Nomura is buying Greentech Capital Advisors, a niche Wall Street firm focused on deals in renewable energy and the like. With the rising influence of climate change on companies of all kinds, it could prove a handy base for exp…
The oil giant is scrubbing $10 billion of assets from its balance sheet, most of it down to low gas prices. Investors had already seen the writing on the wall. There’s a bigger message about climate change that they may still be missing though, Antony …
The private-equity owner of Dr Martens is putting the shoemaker preferred by the grunge setup for sale. Yet customers have been complaining about poor quality. That is a warning sign for potential buyers given the brand is known for sturdy durability, …
The bankrupt Californian utility has pledged $13.5 billion to victims of wildfires it caused, but that’s only one step in a complex fight among rival creditors. A crunch date of June may focus minds, Robert Cyran explains.
China’s largest insurer is listing its OneConnect unit with a $5 bln price tag, a third below its last valuation. It’s the latest in a string of float flubs for Ping An. Clara Ferreira Marques and Alec Macfarlane discuss what this means for its tech cr…
United Airlines is ditching its independent chair, making Oscar Munoz executive head of the board with Scott Kirby replacing him as CEO. Rob Cyran explains why this is a subpar move – and why it could entice activists to take another jab at the underpe…
Unicredit is short on growth but is pledging 8 billion euros of dividends and buybacks to keep investors happy. There’s little the bank run by Jean Pierre Mustier can do about rock-bottom rates, says Lisa Jucca. And since Europe makes big deals hard, b…
The owner of American Dream, one of the largest malls in the country, reckons it has the answer to declining in-store sales as more goods are bought online: pack the complex with roller coasters, water slides and an ice rink. Jennifer Saba examines its…