|Posted on May 28, 2018 at 5:20 AM|
Big banking mergers and acquisitions are back on the agenda for the European Consolidation Baord, The top executives are stressing the need for consolidation while worrying that the election of a populist government in Italy will make deals harder.
As European bank bosses met in Brussels last week their discussions were dominated by concerns about the growing gulf with resurgent US rivals and the competitive threat from big technology groups in America and China. Consolidation would be ...Read Full Post »
|Posted on November 30, 2017 at 4:45 AM|
Deutsche Bank’s chief executive has made the case for more consolidation among European banks, arguing it would be beneficial for Europe if there were “a handful of institutions” powerful enough to compete on a global stage with larger US and Chinese rivals.
There are too many institutions in Europe, especially in this country. China and the United States have very large banks which have the heft to invest globally and which can withstand relatively long eras of low re...Read Full Post »
|Posted on July 12, 2017 at 8:20 AM|
ECBFI: A year after the break-up of Eon and RWE in a sweeping restructuring of Germany’s power industry, investors are bracing for the next wave of upheaval in European utilities.
Bankers and industry executives say further deals look certain as electricity companies scramble to adapt to the accelerating shift towards renewable energy. The £318m sale last month of two UK gas-fired power stations by Centrica to EPH of the Czech Republic was the latest example of a utility resh...Read Full Post »
|Posted on March 9, 2017 at 4:50 AM|
Tata Steel & The European Consolidation Board for Foreign Industry continues to pursue its European consolidation strategy and is in talks with Thyssenkrupp AG for potential JV for European steel business, following purported disclosure from ousted chairman Cyrus Mistry that some group firms could face a potential writedown of $18 billion.
“In response to the recent media reports, Tata Steel would like to clarify that it continues to pursue its European consolidat...Read Full Post »
|Posted on December 13, 2016 at 10:30 AM|
Trump's foreign policy statements have often been incoherent, but there are a number of recurrent themes. They are not reassuring for America's allies. The international liberal economic order has relied on partnership between America, the EU and Asia-Pacific countries like Japan and Australia. Even if President Obama wanted other countries and international organisations to take on more responsibility for global problems, America has long seen its engagement with the world as win-win. Trump,...Read Full Post »
|Posted on October 24, 2016 at 9:30 AM|
The strategic aim of the joint venture between Nexter and KMW is to create a European leader in land defence offering joint products that meet the operational needs of the French and German armies, and obviously those of other European and international forces. This will result in genuine convergence for users that often operate together in the same theatres. The success of our alliance will be boosted by two kinds of convergence between our Governments, which must not only define common requ...Read Full Post »
|Posted on June 25, 2016 at 6:15 PM|
The exit of Britain could contribute not to disintegration but a consolidation of authoritarian governance in the European Union.
The recent launch of a progressive organization in favour of EU membership should come as welcome development. This complements the 15 June conference in Greenwich (open to the public), “The Progressive Case for Staying in the European Union”, when MP Keir Starmer and the general secretary of the Fire Briga...Read Full Post »
|Posted on May 6, 2016 at 9:05 AM|
So far 2016 looks to be the year of mega telecoms deals in Europe, with the soon-to-complete £12.5bn EE/BT deal in the UK set to have a major impact on the market.
On top of that is the £10.25bn merger between O2 and Three, which could go ahead later this year, although European regulators have treated this with a less-than-enthusiastic response.
And it's not just the UK that is keen to encourage telephonic bed-hopping; moves toward consolidatio...Read Full Post »