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Melrose in £1.8bn takeover of Elster

Details

Monday, 02.07.2012

Melrose in £1.8bn takeover of Elster

Fri, 29 Jun 2012 18:43:50 GMT

David Roper, Melrose’s vice-chairman, says support from big investors for a £1.2bn rights issue to fund most of the deal to buy Elster is ‘fabulous’

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Lehman to generate $1.5bn from Aurora sale

Details

Monday, 02.07.2012

Lehman to generate $1.5bn from Aurora sale

Fri, 29 Jun 2012 17:32:48 GMT

Failed investment bank sells the assets of its banking subsidiary, including $64bn worth of residential mortgage servicing rights to Nationstar

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3i to cut staff by more than a third

Details

Monday, 02.07.2012

3i to cut staff by more than a third

Fri, 29 Jun 2012 17:31:48 GMT

Private equity group’s new chief executive Simon Borrows to close offices in Hong Kong, Shanghai, Barcelona and Copenhagen with the loss of 160 jobs

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Europe to reject IFA commission ban

Details

Monday, 02.07.2012

Europe to reject IFA commission ban

Sun, 01 Jul 2012 04:28:21 GMT

EU politicians think a UK-style rule on advisers’ commission goes too far

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