Due to popular demand…

We are expanding our popular 6am Cut news briefing service, introducing new early morning emails for our readers in the US and across Asia.

From Wednesday, subscribers to this...

Pru accelerates planned HK listing

Prudential, the UK life assurer, plans to list in Hong Kong ahead of its $20bn rights issue, in a move that could encourage local investors to buy shares in support of its $35.5bn...

Marsh & McLennan to sell Kroll

Buy-out groups have expressed interest in Kroll, the corporate investigations business that has been put up for sale with a $1.3bn price tag by insurance broker Marsh & McLennan....

AIG in $15.5bn sale to MetLife

AIG on Monday took another step away from its troubled past, selling Alico, its non-US life assurance business, to domestic rival MetLife for $15.5bn in cash and securities in...

Nomura overture from Red Knights

The Red Knights group of financiers aiming to wrest control of Manchester United football club from the Glazer family have approached Nomura to see if it would act as a corporate adviser....

IPO could value Kabel at $3.5bn

The owners of Kabel Deutschland, Europe’s largest cable network provider, plan to sell off part of the group in a deal that could value the company at about €2.5bn ($3.5bn)...

Pru/AIA – “finely balanced”

Merrill Lynch is one of the few brokers able to comment on the $35.5bn Prudential/AIA deal and Blair Stewart and his team are taking full advantage.

They have published another...

Shell, PetroChina offer $3bn for Arrow

Royal Dutch Shell and PetroChina have made a joint offer thought to be worth at least A$3.7bn ($3.4bn) for Arrow Energy, which holds Australia’s biggest coal-seam gas acreage....

AIG to sell Alico unit to MetLife

AIG and US life assurer MetLife were on Sunday finalising a $15.5bn deal for Alico, AIG’s second-largest foreign life-insurance business, reports the WSJ. The complex deal...

Essar eyes $3bn UK listing

India’s Essar Group is considering raising up to $3bn in a UK listing of its oil and power assets, in what would be India’s biggest overseas listing. The deal, which would...

Lenders to flip Linpac

Lenders to Linpac are planning to break up and sell Europe’s biggest food packaging group as part of a growing push by banks to flip assets back into the market after taking...

UK mutuals in merger talks

UK building societies Coventry Building Society and Stroud & Swindon are considering combining forces, in the latest sign of consolidation in the troubled sector. The two mutuals...

Indian companies eye the world

At a mere $550m-$600m, the latest cross-border deal by an Indian company is small compared to the $14.5bn that Mukesh Ambani’s Reliance Industries was prepared to pay for...

Please stop blaming the hedgies

So, are the denizens of Mayfair responsible for driving the share price of Prudential lower?

Er no.

From Data Explorers:



As you can see there has only been a small increase...

SWFs join Pru syndicate

The three banks backing Prudential’s $35.5bn bid for AIG’s Asian arm said on Thursday that the sovereign wealth funds of Qatar and Singapore had joined 30 banks in the syndicate...

VT Group in U-turn on Babcock

VT Group has bowed to shareholder pressure and agreed to start talks with rival Babcock International about a possible £1.25bn deal to create a support services company spanning defence,...