Robert's Feed
Sep 15, 2014
via Breakingviews

SAB/Heineken could leap antitrust hurdles

Photo

By Robert Cole

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

A $130 billion Anglo-Dutch beer monster could leap antitrust hurdles. Heineken has rebuffed a takeover approach from SABMiller as “non-actionable.” As you might expect from a combination of the world’s second- and third-biggest brewers, there are major competition concerns. But these could be fixed and the result would be an emerging markets titan. The rejection suggests family control of Heineken is the real sticking point.

Aug 29, 2014
via Breakingviews

Agenda for Tesco CEO: price cuts, board and UK

Photo

By Robert Cole

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

Tesco needs to reduce, rebuild and review. Friday saw a jumbo profit alert from the UK grocer, plus a big cut to the interim dividend and a lowered capex budget. The good news was that the new chief executive is to arrive a month earlier than originally envisaged. This kitchen-sinking will make life easier for Dave Lewis when he starts on Sept. 1. But his trolley is still loaded high with problems.

Aug 27, 2014
via Breakingviews

Tesco should cut its dividend

Photo

By Robert Cole

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Shareholders ultimately lose out when too-high payouts prevent companies from responding well to problems. Right now, Tesco needs all the financial flexibility it can muster. Its current dividend is dangerously constricting.

Jul 21, 2014
via Breakingviews

Tesco’s new chief should think the unthinkable

Photo

By Robert Cole

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

Tesco has a real chance at reinvention. Hiring Unilever lifer Dave Lewis to replace Phil Clarke as chief executive provides a golden opportunity for an outsider to apply radical thinking to solving the UK supermarket group’s mounting problems.

Jul 13, 2014
via Breakingviews

German soccer glory was predictable – with luck

Photo

By Robert Cole

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

Brazil’s World Cup was first-rate entertainment thanks to its many surprising results. For its part Breakingviews, also somewhat surprisingly, predicted that Germany would win the competition as long ago as last Christmas.

Jun 27, 2014
via Breakingviews

Numbers show Germany will beat Brazil to World Cup

Photo

By Robert Cole and Peter Thal Larsen

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Germany is on course to dash Brazil’s World Cup dream. The football-mad host nation has cruised into the knock-out stages of the global soccer jamboree, while rivals like Spain have gone home early. But Germany will see off Brazil in the semi-final, before going on to lift the trophy by defeating Argentina in the final.

Jun 6, 2014
via Breakingviews

Three ways for FIFA to score on governance

Photo

By Robert Cole

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

Allegations of corruption have caught FIFA offside. Questions about the way Qatar won rights to the 2022 World Cup surfaced less than two weeks before the start of this year’s quadrennial tournament. There could scarcely be a worse time for embarrassment.

May 13, 2014
via Breakingviews

LSE’s tilt at Russell is a long shot

Photo

By Robert Cole

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

Diversification might as well be Xavier Rolet’s middle name. The chief executive of the London Stock Exchange has bought into clearing, with the purchase of LCH.Clearnet. He was an unsuccessful suitor for the London Metal Exchange. He missed out on a merger with TMX, the Canadian exchange, and one chance to grow in North America. The newly-revealed ambition to take control of Russell, the U.S. index compiler and asset manager, represents another attempt to branch out.

Apr 15, 2014
via Breakingviews

Diageo throws money at Indian empire-building

Photo

By Robert Cole and Una Galani

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Diageo is engaging in some expensive empire-building in India. An under-powered tender offer meant an earlier attempt to take control of Vijay Mallya’s United Spirits was only partially successful. Now the world’s biggest spirits maker has more than doubled the price it is willing to pay, offering $1.9 billion to raise its stake to 54.8 percent from 28.8 percent.

Apr 15, 2014
via Breakingviews

Diageo throws money at Indian empire-building

Photo

By Robert Cole and Una Galani

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Diageo is engaging in some expensive empire-building in India. An under-powered tender offer meant an earlier attempt to take control of Vijay Mallya’s United Spirits was only partially successful. Now the world’s biggest spirits maker has more than doubled the price it is willing to pay, offering $1.9 billion to raise its stake to 54.8 percent from 28.8 percent.

    • About Robert

      "Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is ..."
    • Follow Robert