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  • House of Fraser sales hit record for new owners

    BOOMING online sales helped House of Fraser deliver record gross profits last year, the department group said yesterday in the wake of its acquisition by Chinese conglomerate Sanpower.House of Fraser’s ...

  • Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York

    Immelt, who has been at the helm of the industrial conglomerate since 2001, has led several board discussions about shortening the expected tenure for GE's next chief executive to between 10 and 15 years, the Journal said. Among the leading candidates identified to succeed Immelt are Lorenzo Simonelli, who took over the …

  • GE's Immelt may exit before expected tenure ends - WSJ Reuters - Tue, Apr 15, 2014 08:15 BST
    Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York

    Immelt, who has been at the helm of the industrial conglomerate since 2001, has led several board discussions about shortening the expected tenure for GE's next chief executive to between 10 and 15 years, the Journal said. Among the leading candidates identified to succeed Immelt are Lorenzo Simonelli, who took over the …

  • Questor share tip:Conglomerate is key for Carr's Milling Telegraph - Tue, Apr 15, 2014 07:00 BST

    The small-cap conglomerate proves the value of its unconventional business model, says Questor

  • A GE logo is seen in a store in Santa Monica

    Commercial real estate, which GE Capital expects to make up 10 percent to 15 percent of its portfolio in the future, stands as another major potential area for GE to abandon, analysts and investors said. "From my investor's point of view, the more they look like an industrial company, the better off they are," said Andrew …

  • Brazilian tycoon Batista faces insider trading probes Reuters - Sat, Apr 12, 2014 03:07 BST

    Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday. In a statement sent to Reuters, Rio de Janeiro-based CVM confirmed …

  • Brazil's Batista faces insider trading probes Reuters - Sat, Apr 12, 2014 00:26 BST
    Brazilian Batista, chairman and CEO of EBX Group, gestures during the Milken Institute Global Conference in Beverly Hills

    Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation by securities industry watchdog CVM for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms. In a statement sent to Reuters late on Friday, Rio de Janeiro-based CVM confirmed …

  • Yasheng Group Reports Record Full-Year Results Marketwired - Fri, Apr 11, 2014 14:50 BST

    Yasheng Group , a high-growth diversified China-based agricultural conglomerate with U.S. headquarters in Redwood City, California, today announced financial results for the full year 2013.

  • Market report: ABF rises on Primark hopes Telegraph - Thu, Apr 10, 2014 20:13 BST

    The sugar-to-clothing conglomerate has been hit recently by worries about its sugar business

  • Mauritian conglomerate Ireland Blyth (MAU:IBL) says uncertainty over new tax rules by key trading partner India has affected its business by putting off investors using the Mauritius financial centre to invest in India. Nicolas Maigrot, chief executive of the group which has a wide range of interests in financial services, …

  • Shiseido Expands Indonesia Operations with Joint Venture Business Wire - Thu, Apr 10, 2014 11:23 BST
    Shiseido Expands Indonesia Operations with Joint Venture

    Shiseido has concluded a joint venture agreement with PT Sinar Mas Tunggal, a group company of the Indonesian conglomerate, Sinar Mas Group. Shiseido Co., Ltd. and the

  • N.Y. court dismisses claims over Saudi billionaire's alleged fraud Reuters - UK Focus - Wed, Apr 9, 2014 21:38 BST

    ALBANY, N.Y., April 8 (Reuters) - New York (Frankfurt: HX6.F - news) 's highest state court has ruled that a lawsuit by the Algosaibi family conglomerate, claiming that a Saudi billionaire who married into the family committed a $150 million fraud, should be heard in Saudi Arabia. In the lawsuit, Ahmed Hamad al Gosaibi …

  • Cargill 3Q net income falls on power trading loss Associated Press - Tue, Apr 8, 2014 17:19 BST

    Agribusiness conglomerate Cargill said Tuesday its net income dropped 28 percent in the fiscal third quarter because of increased electricity prices and other problems. The Minneapolis company said its ...

  • A Canadian banking partnership led by Export Development Canada today announced USD 775 million in financing for the global capital expenditure plans of Vale SA, the Brazilian mining conglomerate.

  • Indian conglomerate GVK Power & Infrastructure Ltd (NSI:GVKPIL.NS - News) and Australia's richest woman on Tuesday were ordered to meet strict environmental conditions over water conservation before developing a coal mine in the arid Australian Outback estimated to cost $10 billion. The Land Court of Queensland recommended …

  • Mike Ashley has purchased an 11 per cent stake in House of Fraser, disrupting the sale of the department store chain to Chinese conglomerate Sanpower and sparking a legal row between it and Sir Tom Hunter, ...

  • As global M&A continues its fastest start to the year since 2007, City A.M. looks behind the most recent dealsFRENCH conglomerate Vivendi has accepted a €17bn (£14bn) takeover offer from Altice, via its ...

  • Ashley fails to derail House of Fraser takeover City A.M. - Mon, Apr 7, 2014 05:52 BST
    Ashley fails to derail House of Fraser takeover

    HOUSE of Fraser’s sale to a Chinese conglomerate is set to go ahead, despite Sports Direct founder Mike Ashley’s efforts to scupper the deal, City A.M. understands.Chinese powerhouse Sanpower Group agreed ...

  • Australian conglomerate Wesfarmers Ltd (ASX:WES) has agreed to sell its remaining insurance units for A$1.01 billion (566.39 million pounds) as the operator of the Coles supermarket chain streamlines its businesses and focuses more on retail. Wesfarmers, founded a hundred years ago in Western Australia as a farmers' cooperative, …

  • The Philippines said on Saturday it had awarded the $390-million deal to renovate, expand and operate the Mactan-Cebu international airport to India's GMR Infrastructure Ltd (NSI:GMRINFRA.NS - News) and local partner Megawide Construction Corp (PHS:MWIDE). GMR and Megawide submitted the best bid for the biggest infrastructure …

  • (Reuters) - Canadian private equity firm Onex Corp (TOR:OCX) and Canada Pension Plan Investment Board (CPPIB) said they would sell industrial conglomerate Gates Corp to private equity firm Blackstone Group ...

  • China's Sanpower to buy UK's House of Fraser - source Reuters - Fri, Apr 4, 2014 13:50 BST

    China's Sanpower Group has agreed to buy an 89 percent stake in Britain's House of Fraser in a deal that values the department store at over 450 million pounds, including debt. A source close to the deal, who did not want to be named, told Reuters on Friday the transaction with the Nanjing-based conglomerate founded by …

  • Dubai firm buys stake in Kerzner's Atlantis hotels Associated Press - Thu, Apr 3, 2014 14:41 BST
    Dubai firm buys stake in Kerzner's Atlantis hotels

    A Dubai government conglomerate behind some of the emirate's industrial powerhouses said Thursday it bought a "significant" stake in the international hotel operator that runs the Atlantis hotel ...

  • Dubai state firm buys stake in hotel firm Kerzner Associated Press - Thu, Apr 3, 2014 10:05 BST

    A Dubai government conglomerate behind some of the emirate's industrial powerhouses says it has bought a "significant" stake in the international hotel operator that runs the Atlantis hotel on ...

  • HK's Sun Hung Kai taps 3 banks for consumer finance spinoff -sources Reuters - UK Focus - Thu, Apr 3, 2014 08:03 BST

    Sun Hung Kai & Co Ltd has appointed three banks to underwrite the sale of its consumer finance division, people familiar with the matter told Reuters on Thursday. The Hong Kong conglomerate chose JPMorgan ...

  • Russia's Sistema Q4 net profit falls 74 pct Reuters - UK Focus - Thu, Apr 3, 2014 08:00 BST

    Russian conglomerate Sistema said on Thursday its fourth-quarter net profit more than halved year-on-year, due to a foreign exchange loss. Sistema, whose biggest assets are majority stakes in Russia's ...

  • AG Global, one of North America’s largest natural and organic fertilizer manufacturers with products available in retail outlets and distribution centers across North America, has

  • Export Development Canada , Canada's leading financier and insurer of Canadian exporting companies, today announced USD 500 M in financing for Reliance Industries Limited , the Indian multi-sector conglomerate....

  • Bouygues extends SFR deadline offer, sets break-up fee Reuters - Tue, Apr 1, 2014 20:12 BST
    A general view shows French telecom operator SFR's building in the financial district of le Defense at Nanterre, west of Paris

    French conglomerate Bouygues turned up the heat in its battle for control of Vivendi's telecom unit SFR on Tuesday by extending its offer to April 25 from April 8 and presenting a 500 million euro ($689 million) break-up fee. Bouygues is seeking to muscle its way back into the running for SFR despite Vivendi being in exclusive …

  • Today, United Against Nuclear Iran posed a series of simple questions to Austrian steel conglomerate Voestalpine AG following Voestalpine’s Twitter response to UANI.

  • Hutchison wins European court fight against UK tax bill Reuters - Tue, Apr 1, 2014 18:07 BST

    Hutchison Whampoa <0013.HK> has won a legal battle that will allow it to offset losses at its UK mobile phone business against profits from other British subsidiaries, setting a precedent that could allow other groups to cut their tax bills. A European Court of Justice (ECJ) ruling on Tuesday held that British regulations …

  • GE explores sale of GE Money Bank Nordics - sources Reuters - Mon, Mar 31, 2014 19:16 BST

    LONDON/STOCKHOLM (Reuters) - U.S. conglomerate General Electric Co (NYS:GE) is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros (1.64 billion pounds), as it retreats from the finance sector, sources close to the matter told Reuters. GE Money Bank, established in …

  • Westhouse upgrades Daily Mail and General Trust to 'add' Sharecast - Mon, Mar 31, 2014 12:56 BST

    The recent weakness in the share price of media conglomerate Daily Mail and General Trust (DMGT) has been overdone, according to Westhouse Securities, which has upgraded its rating on the stock from 'neutral' ...

  • Chinese on brink of House of Fraser bid City A.M. - Mon, Mar 31, 2014 05:59 BST
    Chinese on brink of House of Fraser bid

    HOUSE of Fraser is on the verge of a takeover by a Chinese conglomerate, in a landmark deal valuing the retailer at £450m.Chinese powerhouse Sanpower Group, led by 49-year-old multi-millionaire Yuan Yafei, ...

  • Meet Yuan Yafei: coming to a high street near you City A.M. - Mon, Mar 31, 2014 05:28 BST
    Meet Yuan Yafei: coming to a high street near you

    HOUSE OF Fraser is set to be snapped up by a former Chinese government employee who developed his £5bn conglomerate Sanpower from humble origins selling computers in the eastern city of Nanjing. Yuan Yafei, ...

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