Daily Management Review
Business & Finance

Cable & Wireless Communications In An Agreement With Liberty’s ‘Takeover Deal’

The shares of CWC gains further ground following the company’s decision. With the starting of this week, the shares of Cable & Wireless Communications began to rise on Monday, follow the confirmation from the company that it had accepted an agreement on the proposed “takeover deal” by Liberty...

London-based Brakes Group to be Bought for $3.1 Billion by US Based Sysco

With the aim to strengthen its presence in Europe, the largest U.S. food distributor, Sysco Corp, is all set to purchase London-based food distributor Brakes Group from Bain Capital Private Equity. The deal is estimated to be valued at about $3.1 billion. Sysco Corp announced this takeover on...

Islamic State is Propping its Finances in Mosul by Rigging Currency Rates

As the coalition bombers hit the sources of finance of the Islamic State, the group is squeezing money out of local people in the northern Iraqi city of Mosul by manipulating the exchange rate between U.S. dollars and Iraqi dinars.   The financial infrastructure of the Islamic State would be...

Fight over Pipeline Deals Sends Woes Downstream as US Shale Sinks

The question of whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well now hinges on outcome of two low-profile legal disputes that is expected within weeks.   Chapter 11 bankruptcy protection...

Standard Life Makes ‘Progress’ In ‘Volatile Markets’

In the difficult global market scenario, Standard Life increases its inflow ratios. Bucking the trend, Standard Life hits a nine percent increment in global markets, whereby hitting “pre-tax operating profits” to “£665m” besides a reduction of “£38m” in the risk margin factors.   However,...

Lag In Oil Sector Hampers Essentra’s Revenue Growth

Although Essentra witnessed a “good growth” in many of its sectors, the downturn in the oils and gas industry caused a marginal slip. The year of 2015 has been a good productive year for Essentra. As per the report provided by the company, it has observed “good growth” in “most of its operations”....

VW's Dieselgate Got to Mercedes-Benz

The German automaker Mercedes-Benz received a class action lawsuit in the United States. The producer is accused of using software that disables exhaust control of the harmful emissions into the atmosphere at low temperatures. According to the plaintiffs, the exhaust of the company’s diesel engines...

Space Race Back for Branson's Virgin Galactic

Richard Branson wants to again join the race to send passengers and satellites into space. The billionaire entrepreneur said that his Virgin Galactic venture is eager to rejoin the race among rival billionaire entrepreneurs despite the deadly accident 16 months ago.   “To have three or four...

Glencore Signs A New Finance Facility

Ahead of the expiring date of the current facility, Glencore signed a new credit facility. On the 17th of February 2016, Glencore began to ease out access to the company’s “future cash requirements”. Likewise, it made an announcement by saying that Glencore “had signed a new revolving credit...

Chinese Company to Buy Ingram Micro for $6 Billion

The technology distributor Ingram Micro would be bought by Tianjin Tianhai, a Chinese shipping group for $6 billion in the latest mega-deal that involves a Chinese company.   Ingram, based in Irvine, Calif., said that it would be able to increase investment and expand its geographical reach...
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