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Jul 15, 2015

Exclusive: Syngenta investor rebukes board for YouTube engagement on Monsanto bid

LONDON (Reuters) – A leading Syngenta (SYNN.VX: Quote, Profile, Research, Stock Buzz) investor has criticized the board for excluding all but “a very small group” of shareholders from talks that could determine the fate of a $45 billion takeover bid by Monsanto (MON.N: Quote, Profile, Research, Stock Buzz), a letter seen by Reuters showed.

Henderson Global Investors, Syngenta’s 20th biggest shareholder according to Thomson Reuters data, said the Swiss pesticide maker had relied on a YouTube video to communicate with other investors.

Jul 15, 2015

Syngenta investor rebukes board for YouTube engagement on Monsanto bid

LONDON, July 15 (Reuters) – A leading Syngenta
investor has criticised the board for excluding all but “a very
small group” of shareholders from talks that could determine the
fate of a $45 billion takeover bid by Monsanto, a letter
seen by Reuters showed.

Henderson Global Investors, Syngenta’s 20th biggest
shareholder according to Thomson Reuters data, said the Swiss
pesticide maker had relied on a YouTube video to communicate
with other investors.

Jul 10, 2015

Private equity, property investors put Greek investment sprees on ice

LONDON (Reuters) – Global buyout houses and property speculators are stalling investment raids on Greece, spooked by the possibility that bargains could be snared for fractions of today’s prices if the country quits the euro.

    Two years ago, private equity firms like Blackstone and KKR were beating a path to Greece, seduced by depressed stock and property values and a European Central Bank promise to do whatever necessary to shore up the euro zone.

Jul 9, 2015

Simplify, shrink, motivate, the mission for Europe’s new bank bosses

LONDON, July 9 (Reuters) – Barclays has joined
three other European banks in ousting its chief executive, a
top-level clear out that has raised expectations of big changes
at the banks and triggered an $8 billion jump in their market
value.

Barclays and others banks have struggled to revive their
fortunes and provide attractive returns for investors after the
financial crisis because of tougher regulations and high costs.

Jul 8, 2015

McFarlane bares ruthless streak with Barclays sacking

LONDON (Reuters) – There is only one winner in a power struggle involving John McFarlane, the banking and insurance veteran who became Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) chairman in April and fired the bank’s chief executive on Wednesday.

McFarlane, a 68-year-old Scot, has built a reputation as one of the City’s toughest chairmen, with the stomach to make tough decisions and act quickly if a business is underperforming.

Jul 8, 2015

Barclays Chairman McFarlane axes CEO

LONDON (Reuters) – Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) Chairman John McFarlane has fired the British bank’s chief executive just three months after taking the lender’s top job, saying an injection of new blood would help accelerate strategic change and boost shareholder returns.

The move comes three years after Anthony Jenkins was promoted to CEO, having been the bank’s retail chief. McFarlane, who had signaled his intention to speed up its turnaround efforts when he took the post in April, will assume executive duties until a permanent successor is appointed.

Jul 8, 2015

Barclays Chairman McFarlane axes CEO to speed up strategic change

LONDON, July 8 (Reuters) – Barclays Chairman John
McFarlane has fired the British bank’s chief executive just
three months after taking the lender’s top job, saying an
injection of new blood would help accelerate strategic change
and boost shareholder returns.

The move comes three years after Anthony Jenkins was
promoted to CEO, having been the bank’s retail chief. McFarlane,
who had signaled his intention to speed up its turnaround
efforts when he took the post in April, will assume executive
duties until a permanent successor is appointed.

Jul 3, 2015

Greek chaos brings valuations headache for fund firms

LONDON (Reuters) – Fund firms with even token exposure to Greece hope Athens will soon reopen its stock exchange so they can wave goodbye to the ‘guess-work’ of valuing their funds.

The closure of the Athens Stock Exchange .ATG since Monday has made it impossible for managers to ascertain exactly how far the value of shares in bluechip Greek companies such as Alpha Bank (ACBr.AT: Quote, Profile, Research, Stock Buzz) and Hellenic Telecommunications (OTEr.AT: Quote, Profile, Research, Stock Buzz) might have fallen since the country fell deeper into crisis. It is unclear when the bourse will reopen.

Jun 2, 2015

Too big to succeed? Investors want ‘radical surgery’ at HSBC

LONDON (Reuters) – No longer feared as “too big to fail”, shareholders are weighing whether HSBC is now “too big to succeed”, and want to know next week how the bank’s bosses propose to increase profitability at a sprawling group beset by huge costs.

Investors believe CEO Stuart Gulliver and Chairman Douglas Flint need to announce bold moves to restore the London-based bank’s flagging fortunes at a strategy day on June 9.

May 28, 2015

Vodafone investors open to Liberty deal

LONDON (Reuters) – Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone’s cable group.

Shares in the world’s second largest mobile operator hit a 14-year high last week after Liberty’s billionaire chairman Malone said a much-mooted union would be a “great fit” for his company.