Antony's Feed
Nov 2, 2015
via Breakingviews

Visa picks a tough time for $23 bln Europe deal

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Visa picked a tough time to swipe its former European partner for $23 billion. The U.S. payments network is using an earnout, buybacks and other financial maneuvers to soften the blow of paying 61 times last year’s pre-tax earnings for its overseas cousin. The lengthy integration, however, is arriving just as industry competition heats up.

Nov 2, 2015
via Breakingviews

Visa picks a tough time for $23 bln Europe deal

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Visa picked a tough time to swipe its former European partner for $23 billion. The U.S. payments network is using an earnout, buybacks and other financial maneuvers to soften the blow of paying 61 times last year’s pre-tax earnings for its overseas cousin. The lengthy integration, however, is arriving just as industry competition heats up.

Oct 29, 2015
via Breakingviews

PayPal foots bill for doubts about financial tech

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

PayPal is footing the bill for doubts about who’s leading in financial technology. The $44 billion electronic-payments company just missed revenue estimates and posted a decline in how much it keeps of each transaction, sending its stock price down as much as 5 percent. Investor reaction seems unjustified, though, and may simply reflect fear and misunderstanding about the roles of industry players.

Oct 29, 2015
via Breakingviews

PayPal foots bill for doubts about financial tech

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

PayPal is footing the bill for doubts about who’s leading in financial technology. The $44 billion electronic-payments company just missed revenue estimates and posted a decline in how much it keeps of each transaction, sending its stock price down as much as 5 percent. Investor reaction seems unjustified, though, and may simply reflect fear and misunderstanding about the roles of industry players.

Oct 28, 2015
via Breakingviews

NYSE parent may be getting short end of IDC stick

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Intercontinental Exchange, the $28 billion parent of the New York Stock Exchange, may be getting the short end of the stick on its $5.2 billion purchase of Interactive Data. The deal will bag it data on more than 90,000 corporate bond issues – a potentially lucrative trove of information. But Interactive Data has been growing slowly and buying it from its private equity owners will double ICE’s debt burden.

Oct 28, 2015
via Breakingviews

NYSE parent may be getting short end of IDC stick

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Intercontinental Exchange, the $28 billion parent of the New York Stock Exchange, may be getting the short end of the stick on its $5.2 billion purchase of Interactive Data. The deal will bag it data on more than 90,000 corporate bond issues – a potentially lucrative trove of information. But Interactive Data has been growing slowly and buying it from its private equity owners will double ICE’s debt burden.

Oct 27, 2015
via Breakingviews

JPMorgan throws down against more than just Apple

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

JPMorgan’s new smartphone wallet presents a clear challenge to the burgeoning rival service from Apple. The mega-bank is taking on more than just the $680 billion tech behemoth, though. Unveiled with much fanfare by JPMorgan retail banking boss Gordon Smith at a financial technology conference in Las Vegas on Monday, Chase Pay has the potential to shake up the ever more convoluted way payment systems work.

Oct 27, 2015
via Breakingviews

JPMorgan throws down against more than just Apple

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

JPMorgan’s new smartphone wallet presents a clear challenge to the burgeoning rival service from Apple. The mega-bank is taking on more than just the $680 billion tech behemoth, though. Unveiled with much fanfare by JPMorgan retail banking boss Gordon Smith at a financial technology conference in Las Vegas on Monday, Chase Pay has the potential to shake up the ever more convoluted way payment systems work.

Oct 23, 2015
via Breakingviews

Greenhill stock plunge puts investors to shame

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The author is Reuters Breakingviews columnist. The opinions expressed are his own.

Greenhill’s stock slump puts its shareholders to shame. The merger and acquisition advisory firm’s shares plunged as much as 16 percent on Friday morning after its third-quarter earnings fell short of estimates by a wide margin late on Thursday. Some of Greenhill’s explanations ring hollow. But investors missed signals that would have made the weak report less of a surprise.

Oct 23, 2015
via Breakingviews

Greenhill stock plunge puts investors to shame

Photo

The author is Reuters Breakingviews columnist. The opinions expressed are his own.

Greenhill’s stock slump puts its shareholders to shame. The merger and acquisition advisory firm’s shares plunged as much as 16 percent on Friday morning after its third-quarter earnings fell short of estimates by a wide margin late on Thursday. Some of Greenhill’s explanations ring hollow. But investors missed signals that would have made the weak report less of a surprise.

    • About Antony

      "Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a U.S. editor. He has worked on assignments in the major financial centers of Europe and the U.S. and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol."
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