HSBC set to wind down UK, European and US investment banking arms January 28, 2025 HSBC is set to wind down parts of its investment banking operations across the UK, Europe and North America as part of a sweeping global restructuring plan under new chief executive Georges Elhedery. The move comes after Europe’s biggest lender revealed plans to make $3bn (£2.4bn) of cost savings last year and reorganise into four [...]
Food and drink deals spike as big firms look to strengthen positions January 23, 2025 M&A deal volumes in the food and drink sector saw a double digit rise last year, as buyers targeted undervalued companies in a bid to strengthen their positions in the market. Total deal volume rose to 151 deals in 2024, a 29.1 per cent increase from 117 deals in the previous year, while the total [...]
Why commuter trains are the best place to gather market intelligence January 22, 2025 From overheard conversations to poorly concealed laptop screens, the morning commute is a rich source of leaked information, says Sam Turvey Every year my communications consultancy puts out a global M&A leaks report highlighting where in the world leaks are most prevalent, and speculates on why people leak confidential information. A debate normally ensues about [...]
Private equity firms under pressure to kickstart UK dealmaking January 14, 2025 Private equity fund managers are coming under mounting pressure from their investors to begin striking deals after a sluggish two years hampered by political turmoil and lofty interest rates, advisers have said. While deal value ticked up through 2024, backers of top private equity funds are taking a “sterner” tone with fund managers after a [...]
Mark Kleinman: Ratcliffe’s cost-cutting results in Manchester Disunited January 9, 2025 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly CityAM column. This week, he tackles Ratcliffe’s own goal, Shawbrook setting the tone and a FTSE 100 Doomsday clash over pay Ratcliffe’s cost-cutting results in Manchester Disunited Sir Jim Ratcliffe might not like to admit it, but 2024 [...]
Financial M&A surges as banks and insurers hunt for scale January 8, 2025 A wave of banking and insurance tie-ups pushed the volume of UK financial services dealmaking to its highest level in more than a decade last year, new figures show. After a slowdown in 2023, mergers and acquisitions (M&A) activity in the UK’s financial services industry rebounded last year with a 26 per cent year-on-year increase [...]
US activist investors ramp up attacks on UK companies January 6, 2025 US activist investors ramped up their attacks on UK companies in 2024, with British firms continuing as the top target for investor campaigns in Europe. 42 per cent of all activist campaigns in Europe targeted the UK, with 59 companies coming under pressure throughout the year, according to Alvarez & Marsal’s latest Activist Alert Outlook. [...]
Dust off the defence manuals… private equity is coming, say advisors December 20, 2024 London’s listed firms have been warned to dust off their defence manuals and prepare for takeover bids as private equity investors limber up for a deals offensive on the London Stock Exchange next year. After a subdued year of dealmaking through 2024, private equity buyers are expected to reignite a swoop on the public markets [...]
The markets in 2025 December 9, 2024 Market forces are likely to continue to change into next year and dealmakers need to be ready, says Merlin Piscitelli With elevated wage costs and tax changes, business sentiment has sunk to an all-time low, following the Autumn Budget. But while confidence in growth under a Labour government appears weak, one industry that is booming is mergers [...]
Deutsche Bank boss: A ‘wave’ of European bank mergers is coming December 4, 2024 The chief executive of Deutsche Bank has predicted a “wave” of European bank mergers while playing down speculation he could make a bid for domestic rival Commerzbank. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Christian Sewing said consolidation in the sector will accelerate and could be supported further by changes to regulation. [...]